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@Rod1 is Hispanic, so I would guess Rodrigo
Or Rodolfo, who knows.
You're welcome to go contribute in any of the other derailed, Trump-centric threads on this subject, @MadSquabbles500 , and leave this serious discussion to others who appreciates it.
In fact, I insists. Please go.
Trump cucking China hard.
More quality content.
18:45-19:45 is very interesting
"Today courtesy of the millenials the United States is the top consuming power, and courtesy of the boomers we're the top investment power. But by 2030, we're the only consumption power and only investment power. We are in the midst of the great transition: The United States is becoming the only country in the world that can absorb global exports at the same time we have lost all political interest in doing so, and that will force catastrophic change everywhere... but here."
https://www.bigspeak.com/speakers/peter-zeihan/
ah yes, i have watched a few of his keynote. Good posts brother
The US can only keep up because of immigration though.
More quality content.
18:45-19:45 is very interesting
"Today courtesy of the millenials the United States is the top consuming power, and courtesy of the boomers we're the top investment power. But by 2030, we're the only consumption power and only investment power. We are in the midst of the great transition: The United States is becoming the only country in the world that can absorb global exports at the same time we have lost all political interest in doing so, and that will force catastrophic change everywhere... but here."
https://www.bigspeak.com/speakers/peter-zeihan/
Perhaps not for long though...
https://nypost.com/2018/07/27/is-americas-birth-rate-about-to-start-booming/
I thought Millenials are largely in debt, and under employed, still living at home consume, more only by racking up more debt. They failed to compete in STEM with the Hindus, and East Asians. I hear the Gen Z is not that much better. Also there is another thread on here about the wealth gap within the millenials.
He also says baby booomers are the investers, and their children the Millenials are the consumers. And by 2030 everything will be rosy. Is he basically saying the boomers will die off, and leave the millenials to inherit their fortune? Is that our only saving grace?
Then he jumps into shale oil, and Russian Military strategy.
Zeihan took down the Chinese financial system in his book four years ago. More people should listen to former US State Department geopolitical analysts who went off to do their own thing for $40 G's a pop to talk about this shit. Chickens coming home to roost. US should apply more pressure lolz, cut right to the heart of the legitimacy of the regime.
A mere partial excerpt for those actually interested, and even then it's pretty sizeable.
@JonesBones @Madmick @sub_thug
EDIT: quote-boxed to reduce scale of characters on page.
Did not get to read whole article, but I want to touch on the first point about China's own divisiveness. It is no worse than what Murka has. Murka is too pretty fragmented. Its much more diverse, and now even more diverse with the antifa, SJW, Liberal, LGBTQ movement. China does not even have an antifa, SJW, Liberal, LGBTQ issue. Politics in Murka is much more cliquish.
Edit, just read rest of it.
So China subsidizes its economy. Well its communism. That is basically what communism is. USA though also subsidizes much of economy. We subsidize agriculture. I think you can consider the bailouts to be a subsidy. We subsidize illegal immigrants (if you broaden your definition), etc, etc.
Id really like to see a similar breakdown for other countries.
The ageing population is synonymous with wealth, can't think of a good country that doesn't have it.
"The Chinese Pussy Wars" will be mistaken for some for something else.Rural peasant uprising GET!
Or they may need to make do with their lover, their right hand...
Very interdasting article.
Couple of comments
Before the article even got there I was struck by how similar this was to Japan. Forced savings at low interest rates used to support non performing loans that held up the economy.
While the impact is similar to sub prime, that was not the goal of sub prime. Sub prime failed becuase it was packaged up to be safer than govt debt and then traded throughout the economy via mutualization. The fact is the gaurentees were useless and the it fueled a bubble in real estate that then came crashing down. The objective was never full employment.
Final point is that the article does not really address is the mountain of real foreign financial assets that China has offsetting all this debt. It’s massive trade surplus has allowed it to invest in US government debt and non government investments (including the list of investments that this article called crazy with out really explaining it). China on balance has been producing more than it has been consuming and as such it has to be able to absorb some of the losses (ie spending on fake / no value investments to prop up employment) from these excesses.
One such trend is furniture made of American Black Walnut lumber. Of course, Walnut trees grow around the world but none are as desirable for their color and characteristics as those grown in the United States. If China wants a piece of this trend they have no choice but to buy US logs on the open, globally priced market, ship them across the world to China, process them (which involves three or four intermediary steps), turn them into furniture and ship them back across the globe where they can be sold to the US market.
Your posts on economics >>>
I'm far more of a STEM guy (and student), I find econ a hell of a lot more challenging than bio-chem even as a passing interest.The fact that it isn't a science and doesn't adhere to the same framework is most maddening. A similar impact to subprime is what I took him to mean by it.
The excerpt actually wasn't from an article, but an entire book with an extensive section on China that casts an extremely skeptical view of it as an inevitable superpower digging into not just economics but geography and demography. It was released in 2014. He got some wrong, and a lot correct but most of it is focused on how America came to obtain its current position and why it will maintain it. There was a follow up The Absent Superpower released in 2016.