It is NOT who RULES the world that calls the shots. He who OWNS the world has true power. The wise Chinese dragon knows this. Ultimately, checkmate will be his.
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.
Yep. Them monopolistic Arabs like to sell oil at a price point where elasticity of demand is unitary, unless they're trying to squeeze out the competition.
It’s official: America is now No. 2
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It is NOT who RULES the world that calls the shots. He who OWNS the world has true power. The wise Chinese dragon knows this. Ultimately, checkmate will be his.
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disthing
8 years ago
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donteatstuffoffthesidewalk
8 years ago
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The wise Chinese dragon?
You've been watching too many kung fu movies from the 70s :P
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green_boogers
8 years ago
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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.
hasnt yall read bout the pervasive corruption what makes up chinese guvment?
if them there arabs cut theys oil production them chiners goes back to #2 faster than yall can say frack that shale
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Anonymous Post Author
8 years ago
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Good point about the corruption. Arabs won't cut production while recession looms for the world economy.
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green_boogers
8 years ago
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Yep. Them monopolistic Arabs like to sell oil at a price point where elasticity of demand is unitary, unless they're trying to squeeze out the competition.
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donteatstuffoffthesidewalk
8 years ago
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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