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Replies: 54 / Views: 4,441 |
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Pillar of the Community
United States
3789 Posts |
Libertad-Umm.. I think you are taking this too personal, and I dont care to discuss about human rights and everything else. Thats not even related to this thread. It sounds like you have an axe to grind with America, not me and thats all I am going to say. you need a hug *hugs you* :D
That said, the dollar is going to get stronger. Gold and silver should continue to act as a currency, and to others as a hedge, thereby motivating the elite in China to purchase gold and silver.
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Pillar of the Community
United States
3789 Posts |
Libertad-Umm.. I think you are taking this too personal, and I dont care to discuss about human rights and everything else. Thats not even related to this thread. It sounds like you have an axe to grind with America, not me and thats all I am going to say. you need a hug *hugs you* :D
That said, the dollar is going to get stronger. Gold and silver should continue to act as a currency, and to others as a hedge, thereby motivating the elite in China to purchase gold and silver.
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Bedrock of the Community
United States
10982 Posts |
Quote: Their growth has slowed down and slowing down each year. They wont pass up the USA. They will for sure. It's a given, not if, just when. Our growth rate will always be half (or less) China's from here on, partly because we have a mature economy. Slow growth for China is 6% to 7% and with their socialist economy, 8% to 9% is easy to attain. This was a topic in one of my MBA courses where we extrapolated when China would surpass the U.S. and become the world's largest economic power. It could happen within 10 years but will likely take 15 to 20 years.
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Pillar of the Community
United States
3789 Posts |
Sorry but that's not going to happen. China growth and topped out and is slowing.
China is a has been and markets are moving on to other world economies that have more growth than China.
So again, no, China's rate of growth has slowed down, its not going to surpass the US. Mark this post.
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Bedrock of the Community
13014 Posts |
Just look around your house to see all the things china makes, no china no apple as well. China already is a superpower for all intensive purposes and their economy is stronger than ours which doesn't correlate to a higher quality of life by our standards. Your right about the current time of no doomsday or people running away from our debt and lower pms, but to say whats true today will always be true the entire history of mankind disproves. The world changes over the decades, the major players today arent the same as in the 1920s or even the 1980s and the same will be true 30-50 years from now. You want to see 2 dollar silver and 100 dollar gold, convince the world the US economy is as bullet proof as you say and nothing could ever change that. There would be 0 reason for money to be anywhere but bonds and the stock market if that were the c ASE
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Bedrock of the Community
United States
10982 Posts |
Edited by BH1964 01/06/2013 10:02 pm
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Pillar of the Community
Canada
1723 Posts |
 ...anyone else feel like banging their head off a brick wall?
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Bedrock of the Community
United States
10038 Posts |
Quote: China has a $6T economy now and, because they're socialist Been a teacher. Understand the education system. Its been hijacked by ignoring the facts of the US history in favor of socialistic values. Socialism (which Marx himself said has a goal of communism) has historically produced systems like the USSR - Union of Soviet Socialist Republics )note that although they were the largest known communist power - their name does not use the word b/c the words are very interchangeable on many levels). Remember what happened to them when we American capitalists got in an arms race with them? Their system crumbled b/c that system, by definition, does not reward hard workers with more of the profits. So impetus to grow gets stifled by sharing the wealth. Whereas in capitalism, the worker gets rewarded for his abilities/effort instead of taking the extra he makes and giving it to people who are not working as hard. China is as big as it is now b/c of US manufacturers trying to find a way to keep costs down to be competitive. Red tape and over-regulation has killed US manufacturing - it is very difficult to find the right balance. It is our money making the Chinese government rich, and note the common workers in this socialistic-ally designed system are not the benefactors). Socialism looks GREAT on paper. But b/c of absolute power corrupting absolutely, it can never stand on its own and has always ended up worse for all involved. This is history - not opinion. And as to the US never falling... History has shown over and over that all leading world systems (Rome etc.) fell apart when the traditional, basic family unit becomes not the "norm." The country falls apart from the inside out. Take a good look around and see what is happening here today. We are not bullet proof - unfortunately - and are continuing in a direction away from what made us a world leader with each passing day. Someone who ignores actual lessons of history is doomed to repeat them (paraphrase of a famous quote). I am looking at precious metals and have to admit I believe there is a good deal of manipulation by the powers that be to keep PMs lower. I don't think the system likes people having their own real wealth anymore. If the economy would fall flat, and people had holdings of actual value instead of fiat money - then reliance on authorities is lessened and potential control is lost. CCF threads have helped me understand what is likely going on and where to go to research the issue farther.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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Bedrock of the Community
13014 Posts |
Quote: I am looking at precious metals and have to admit I believe there is a good deal of manipulation by the powers that be to keep PMs lower. I don't think the system likes people having their own real wealth anymore. It could be that but they also have to be manipulated by our current system. We use silver in a lot of electronics, granted its not a large amount in each thing but its enough. Say Silver was left unchecked and ran up around the price of gold currently, those 200 dollar phones would triple at minimum in cost same with computers. As long as it has an industrial use it has to stay low. The stack value may suffer but the cost of basic electronics that were dependent on would skyrocket otherwise
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Pillar of the Community
Canada
3692 Posts |
@yup: Since you're unwilling to accept emails or private messages:
Trust me, I don't take anything personally, even in person, let alone the internet. I'm trying to get you to step outside of your bubblish world but you're very stubbourn and you talk yourself in circles. Good day.
PS. I love America but not when it spawns zombies. There's so much wasted potential, it's quite sad. Why so anti-China? (That's rhetorical BTW, I'm done reading these tunnel-visioned responses.)
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Pillar of the Community
United States
3789 Posts |
Friends and fellow hobbyists-
I will stick to my guns. China is not a world superpower as of this writing, nor will it ever become one.
Its days of rapid growth are behind it. It has fierce competition from other countries. China knows it cannot and will never be a world super power.
It is a shame that useless financial media articles are used to support a point. Not one of you even knows what the technical points make a world superpower. This forum is not for that, and I am not going to waste my time telling you, because the markets will and do me prove me right everyday that China is not a world super power. In the end that's all that matters to me. I make my living in these financial markets everyday, and it is knowing these things that allows me to trade everyday and strengthens my certainty and surety that China is not and will not be a world super power, ever.
At best, China's elite will continue to buy gold and silver. and I gotta had it to China, they do make nice silver and gold pandas :D
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Bedrock of the Community
13014 Posts |
Its beating a dead horse at this point but saying something will never change is foolish my friend.
Ill make one last point. Your mistaking individual company weakness for weakness as a whole which it does not have. If market strength is your indicator then we arent a super power either. Our markets are propped up by international companies such as apple and world players like google.
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Pillar of the Community
United States
3789 Posts |
I can tell you aren't a trader nor do you understand how capital markets work, traded bonds, currencies or commodities nor worked on a prop desk etc. Your definition of markets is from the stand point of the general public and I respect that.
Its ok my tho friend, we can agree to disagree. I know what I believe in and I will be proven right and am right. :D
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Bedrock of the Community
13014 Posts |
I do understand how the markets work and I've said all along that your right at this moment we can do no wrong. However I also understand history. Rome was once the sleeping giant that no one messed with until its was deemed weaker and people started poking at it. As much as China needs our money from sales we need their goods hence the stalemate. Theres no downplaying their influence in the world or the markets though. North Koreas leaders have power solely because China says theyre untouchable, thats a minimum a quasi superpower.
As of now they buy our debt but they have resources (as of now their the worlds largest rare earth metal supplier) and they have both military and economic might. The world changes a lot over the years and circumstances change. 30 40 years from now nothing says that circumstances will be the same. Empires have risen and fallen much faster than the 200+ years weve been around and every single one of them thought they were bullet proof. We are no exception and human behavior is rather predictable hence the existence of Game Theory. Technology changes but the human behavior is largely unevolved from ancient times. The day wont be tomorrow or this year or probably the next 20 years, but the odds overwhelmingly state that one day we will fall because we do think we can get away with whatever we want economically.
Edited by basebal21 01/07/2013 02:19 am
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Valued Member
United States
117 Posts |
Samsnate, I'm feeling it. LOL.
This was probably the worst debating I've read/seen/heard in a long time. Usually when one side brings facts and links to more facts, the other side is suppose to counter those facts with more facts/links to other facts to counter the arguement. Not this time.
"Never" is a strong word, and if you read into it, it's usually used by liars and cheats. I'm not saying your lying and cheating others, but you could be lying/cheating yourself.
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Replies: 54 / Views: 4,441 |