Dakryn's Batshit Theory of the Week
- Thread starter Ender Rises
- Start date
Dak
mentat
I think Pessimism put together an fairly accurate assessment of the situation.
People do not understand that
#1: The Chinese military is not that far behind the US technology wise.
#2: The Chinese can single-handedly destroy our economy and therefore our ability to equip our military, without firing a shot. All they have to do is to dump the dollar, and every other nation will be running over each other to dump the dollar as well before the complete devaluation takes place.
Being a borrower is being in a slave position, and the US is massively in debt to China. Now most people like to argue that China wouldn't hurt it's own economy by attacking a major export destination. The fact that the only reason we import so much Chinese stuff is because they finance it too is reason enough. When they see we can't borrow anymore (and we are already at this point, as "quantitive easing" is the Treasury buying the national debt instead of selling it to other countries because there are no buyers), imports are going to drop and this becomes a moot point.
Our regional military involvement irritates both Russia and China, and they would both like to get their hands on the national resources we have been sitting on forever.
V.V.V.V.V.
Houses Ov Mercury
We may be in debt to China dude, but you do understand that if we don't import their shit they pretty much are screwed, right? 
Dak
mentat
Think about the effects of NOT importing Chinese goods. We would, in effect, be shooting ourselves in the feet. Rising prices wold occur amongst a deflating dollar all while other countries fill in the trade gaps with China. China will always have other buyers - always.
zabu of nΩd
Free Insultation
- Feb 9, 2007
- 14,270
- 770
- 113
Hey all you guys who are so adamant that the US is dependent on China but not vice versa, how about some numbers to back up these statements? Like import/export figures for each sector of the economy. I'd like to know what is making you so confident that the US is a complete slave to China when it comes to trade.
Dak
mentat
While we currently are "technically" dependent on China, if we stopped importing from China this lead to a rebirth of our own manufacturing base, creating jobs and thus creating the internal flow of money to allow for the purchasing of goods.
We are their slave in terms of debt.
We are their slave in terms of debt.
V.V.V.V.V.
Houses Ov Mercury
Really wrong. Take economics or something?
also
http://thinkprogress.org/2010/02/09/insurer-boy-cancer/
fail
Dak
mentat
Care to explain? I am not saying there wouldnt be an immediate negative impact, but the long term impact would be beneficial.
Unfortunate, but government run healthcare wouldn't solve this problem.
Cythraul
Active Member
- Dec 10, 2003
- 6,755
- 133
- 63
I wish I still had an interest in debating economics because I would love to eviscerate some of the claims made here, especially regarding the protectionist stuff. I could've sworn I saved some especially useful literature on the subject on another computer. I'm so lazy.
Damn you for giving my hopes up Cyth
So much anger echoing in so small a post; let's calm you down a bit.
No one has said China is invincible; I made the claim that China would defeat our current military outside of a nuclear war (and would make off better than us inside of a nuclear war due to geographic placement). We are in debt, but that does not mean that China wouldn't lose out on some ground if they stopped trading with us. However, if China were to sell the bonds that they've invested in us... it would mean bad times.
Here is the CIA factbook (no tin-foil hat wearing asshattery please)
China
U.S.
If you want the Import/Export lists you can always grab it from the Labor Board
Right Here: Import/Export Price Index from China
About.com is owned and operated by the New York Times, and the editors are employed through said company - so there are no wikipedia like false edits here:
U.S. Trade Deficit with China
American-Chinese Trade and Exchange Analysis
The U.S. is expensive, and to make things in the U.S. is an expensive endeavor; for China, they can make things for pennies on the dollar compared to us - stuff that is the same quality, stuff that will be bought by other countries because it is cheaper. We are not slaves to their trade, but there are definitely repercussions from China pulling out of the U.S. Hell, if we turned into an isolationist country we would ruin the international economy while simultaneously dooming every country that receives aid from us and destroying our own infrastructure from within. Isolationist/protectionist tendencies are akin to prohibition, and prohibition was proven to equate to failure.
The fact of the matter is that China owns a chunk of our deficit, and continuously buys more of it while systemically keeping its currency undervalued in the world market. There are reasons for this - think about it.
So much anger echoing in so small a post; let's calm you down a bit.
No one has said China is invincible; I made the claim that China would defeat our current military outside of a nuclear war (and would make off better than us inside of a nuclear war due to geographic placement). We are in debt, but that does not mean that China wouldn't lose out on some ground if they stopped trading with us. However, if China were to sell the bonds that they've invested in us... it would mean bad times.
Here is the CIA factbook (no tin-foil hat wearing asshattery please)
China
U.S.
If you want the Import/Export lists you can always grab it from the Labor Board
Right Here: Import/Export Price Index from China
About.com is owned and operated by the New York Times, and the editors are employed through said company - so there are no wikipedia like false edits here:
U.S. Trade Deficit with China
American-Chinese Trade and Exchange Analysis
The U.S. is expensive, and to make things in the U.S. is an expensive endeavor; for China, they can make things for pennies on the dollar compared to us - stuff that is the same quality, stuff that will be bought by other countries because it is cheaper. We are not slaves to their trade, but there are definitely repercussions from China pulling out of the U.S. Hell, if we turned into an isolationist country we would ruin the international economy while simultaneously dooming every country that receives aid from us and destroying our own infrastructure from within. Isolationist/protectionist tendencies are akin to prohibition, and prohibition was proven to equate to failure.
The fact of the matter is that China owns a chunk of our deficit, and continuously buys more of it while systemically keeping its currency undervalued in the world market. There are reasons for this - think about it.
JGMetalhead
Anti-humorizing DL Whore
Srontgorrth
Member
Why not order one of those earlier edition Economics text books online at amazon for like $4?
Einherjar86
Active Member
Einherjar86
Active Member
Dak
mentat
I don't see how you can correlate the two.
A country with vast natural resources and an able bodied workforce can be isolationist. Protectionist doesn't really work because in the current times that basically leads to isolation by potential trading partners, so you may as well just be isolationist.
Isolationism does not work when you lack either the manpower, technology, or the natural resources to be self sufficient. We lack none of these.
Dak
mentat
China Reserve managers instructed to dump non-USGov dollar securities
Been warning about this for over a year,surprised MSNBC covered it. This is part of the total war that Russia and China can wage, maybe not right now, but both countries are quickly enacting policies to put them in position to use this leverage against us.
I loled at the guy from the Heritage foundation referring to runnning the printing presses as "almost" a scam.
Been warning about this for over a year,surprised MSNBC covered it. This is part of the total war that Russia and China can wage, maybe not right now, but both countries are quickly enacting policies to put them in position to use this leverage against us.
I loled at the guy from the Heritage foundation referring to runnning the printing presses as "almost" a scam.
Last edited by a moderator:
Matt
Active Member
HEY GUYZ WE JUST CAPTURED A TOP AL QUIDA GUY...I SAY WE INTERROGATE HIM AND INTERROGATE HIM AND INTERROGATE HIM AND THEN SHOOT HIM IN THE HEAD
