It’s official: america is now no. 2
The Chinese economy just overtook the United States economy to become the largest in the world. Which choice best describes your thoughts?
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The Chinese economy just overtook the United States economy to become the largest in the world. Which choice best describes your thoughts?
As long as you end up together...
I'll be making Brett a PB&Jelly when he gets here. "Peanut butter...and 'jam' !?!? Blasphemy"
If you really want to seal the deal, you should make your lady a s'more when she comes back. Aussies dont know those...and don't even bother trying to explain what the fuck a graham cracker is.
It's interesting, if you read history, how the period of world dominance has declined over the centuries. Simplistically speaking, the Roman Empire lasted several times longer that the British Empire which lasted several times longer than the American Empire.
However, I have a feeling that everyone will be speaking Chinese in a century and that they will dominate the world for a long, long time to come.
living standards in China are not as good...so as number 1 now thats something to think about.
Im not sure im too concerned ...since they have so many people wasnt it just a matter of time??? Also doesn't their growth go hand in hand with our own and as they grow we do...everyone's connected
To be less figurative about it, China's huge trade surplus gets used for many things. One of them is to buy the national debt of other countries. When they own enough of it, the yuan will become the reserve currency of the world. This is fine until recession hits the debtor country. Since their interest leaves the debtor economy for China, taxable GDP decreases making treasury bond issues more risky. China negotiates to buy assets in other countries in lieu of debt restructuring. At the very end of the process, China militarizes. End game - checkmate.
PS. Thanks for mentioning Kung Fu. He was a cool guy.
they is puttin a squeeze
theys makin buddy with consumers (the chiners and japanezrs) while fuckin theys producin competition
mainly them sneaky ole ruskies n theys chums the venezulers
them good ole boys in the gulf of texas and them dirty sandbox peoples in alberta gonna hafta take a paycut for a bit
they knows its boom or bust