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Blow up everyone else before you blow yourself up last I always tell my kids...God Bless Amerika!
There is one BIG problem with how Americans think verses how other nationalities think...especially the Asian and Mideastern people.
We insult, double cross, lie, cheat, steal, insult...and expect all to be forgotten the next day, overlooked, etc...childish thinging. This American 'trait' is NOT held by other nationalities as such...they hold those thoughts, those insults and transgressions for generations. And, we wonder why we are hated so much by so many for what 'we see' as nothing- this 'ain't no big deal bro' thinking.
China will only take so many insults from the inbeciles in Washington and then 'that wil be that' and a new chapter will begin. Saving face is a concept that Americans have long forgotten. We have no problem having two different Presidents get drunk at China's dinner table, and then turn a deaf ear to the protesters allowed to scream all night long under the windows at Blair House when China visits us.
China has what it needs to shut of itself from us and never blink an eye. They have our technology, educated men and women, and they NOW have all the resources they need for years to come. They have a new society of consumers who need to buy from Chinese businesses not American ones. They have all they need at their fingertips. They are what America was 75 years ago, plus they have the collective mindset of 'oneness' for China which Americans have been striped of, or cast of as so much unnecessary baggage.
We smugly underestimate what China is, for that stupidity we will surely regret one day.
'"ain't no big deal bro' thinking"
+++, nailed it
Credit where it's due foreigners don't hate Americans per se they're astute enough to just hate the US Govt and vested interests ...the peoples of the world have no beef with each other at all. the world's 98% at peace... it's The Parasite Clubs in each country that are spoiling the harmony ....did you see Hilary in Egypt spit out her dummy, my what a show of petulence!
...soon as we cut out the diseased loonatic fringe of Club Parasite we can return to the peace and sanity of the Global Village
You could not be more wrong.
China produces crap to be shipped to the USA and you think they could shut themselves off from us and "never blink an eye"? Nonsense. The USA and China are intertwined so tightly neither one can walk away - it's mutually assured economic destruction.
Millions of Chinese work in factories for 10 months a year and then bring the money earned back to their home villiages to share with the family. The money lasts a year and the process is repeated again next year. If China wants to shut itself off from the USA, what happens to these workers? Do they work in the rice paddies like they did 100 years ago? - I don't think so.
China has done well economically in the last 30 years, no doubt. Unfortunately, they are interpreting that success as a one sided accomplishment. What needs to be remembered is that the USA and other countries bought crap from China because it was cheap. Prices are starting to go up and you can bet that American based Retailers and Wholesalers are starting to look for alternative sources - not China.
I hope and pray that some of that manufacturing comes back to where it was invented and belongs - the USA.
I'm more with mmlevine in regards China. China is printing money faster than the USA and has the governments hands in everything. Their demographics trends are much worse than the USA due to one child policies. Even if the Dollar defaults quality of life will remain much greater in the USA in my opinion.
Apple alone ( the manufacturers in China for Apple) have 1,000,000 workers in China making their products. Do you think those jobs can come here? Oh, sure, when the American worker is willing to accept 20.00 a week wage. Any jobs related to electronics, can they come back? Even Our Military has a great number of 'parts' made there now...ask Boeing.
If you stroll around the USA supermarkets, you will find an astonishing number of food goods now from China. Just look at the seafood dept, for example.
China has most of the resources for rare earth metals, they have coal, water power, now oil, and the resources in the yet, even the un-tapped provinces wealth in resources would make Washington envious. What China does not have inside their borders, they have contracted for outside...bought and paid for. The arrangements in Africa, South America and Central America, let alone Australia are mind numming.
Who has a large percentage of oil contracts in Iraq...US???, no them. Who runs the Panama Canal, us?...no them. There are many more examples that most of us don't know or have forgotten.
No China does not need America, like the rest of the kool aid we are told to believe, America needs them now.
We all believe that the sun will come out tomorrow, that God has chosen America to be the number one pet...well I don't think so anymore.
Actually Bernanke is forcing China's hand at revaluing the Yuan.
China only cares about China, and Chinese world dominance.
Their Achille's heel is their fear of social unrest.
By causing inflation in China (especially food inflation), Bernanke is using China's reluctance to free-float the Yuan against itself.
Actually this is a brilliant move... too bad few of you understand it... but I bet all of you that China understands it very well.
But what do I know... I am just a Dick Weed.
So, we know he is Satan, but is he also a Malthusian? Can he see all the good in 1.7 billion killed. How high will that pump the Dow? Do we buy the dips or the ditches? Does Monsanto hold the rights to Solyent Green production or does that fall under JPMs EBT card program?
Bernanke is towing the line
Proclaiming that everthing's fine
He follows his Master
Prepare for disaster
The world has been conquered by swine.
Outta sight. Thank you.
"...Macroprudential..." Damn kids inna treehouse again.
"My policies are spurring". Wow.Can't believe he said that. He's building a file of quotes that are going to scorn him.
regarding "my policies" he's letting China take the rest of the gold out of the gld so they have enough for the reset
I know, I like how its "his policies". Way to be a team player.
And we've all read those great quotes from 1928-1929, also...the ones about the Titanic, the Hindenberg. He'll just be added to that list of infamously wrongheaded ideas at exactly the wrong time...
I seriously want to fight him. Like fist fight.
Yes but can you seriously sit there and just admit to your self that bernanke is a normal person. Not to mention he is one of the elitists that are brining down the US and other global economies with it. I love the fact he sits there and acts nervous, listen to his voice, he is a great actor people. Just watch him and his facial expressions.
Yes I know people say he is a liar and cheater...yes, but then people just stop. They do not go to the next step that he is one of the dark horsemen that keep telling us that the economy is failing. he is one of the helpers that engineered this whole mess a pupper, where the masters behind the scene pat him on the back, and are prob paying him for doing such a good job.
I just get an eery feeling every time I see him on the TV. Anyone else in here feel the same? does your skin crawl? ekkkk!!!
I keep getting closer and closer to the tinfoil hat types who keep the words Bilderberger, CFR, NWO, and Trilateral Commission right at the tips of their fingers. I'd prefer my hat to be made of silver and gold, though.
And if such conspiracies exist, the Bernank certainly works for them. He's probably one of those Skull and Bones bastards too.
The Bernanke "Do you know who I am??"
Miguel Cabrera "Do you know who I am??"
The Bernanke "Do you know who I am Mother fucker??"
Miguel Cabrera "Do you know who the fuck I am??"
Yep, this is gonna end well for everyone.
speaking of hikes, check out Beckies boobs...did she ever get a boob job!,,,,girls always pick too big for boob jobs...they are huge normus!
FuKk other countries, shalom is fuKKIng savers HeRe and NOw
Bernanke and Obama.......dynamic duo.......ass clowns of the universe.
It's "all part of the plan" ... everything is proceeding on schedule.
Chairsatan was quoted as saying that "The rest of the world has an interest in the U.S. recovery that my policies are spurring."
I'll note that he didn't say it was a positive interest.
Well that sums it up.
Being able to scapegoat China means Bernankestein is glad when inflation rages and people riot around the world in his economic war against China for money system supremacy.
He has weaponized the currency. What he is doing to China and the global economic system is what the masters of fiat have always done to populations throughout their history. That's why we need to end the central bank system monopoly and get back to a gold standard.
What I am perplexed by is - why dont they fight back? I can think of multiple ways China can put the screws to him and Geithner, starting with Treasuries and moving down the list into an outright trade war that would pound our multinationals.
I cant believe they just sit there and put up with his BS
The chinese have much more patience than Westerners. And they'll put up with a lot, all the while laughing about how the arrogance is really going to come crashing down...and it will be worse for the US the longer that the US is allowed to continue in its asshat-ery. The time will come...kaboom!
Yup, it's pretty easy for a secure man to take a little shit knowing how it's gonna be if he finally has to open that can of whup ass.
Secure man? The Chinese?
They build the largest shopping center in the world and it's 98% vacant! They build towns with 20,000 dwelling units and then demolish them. Does that sound like acts of secure men?
Sounds like people who march to their own drummer, for sure.
It's a great story. It reminds me of a country that now has 3 million empty homes and maybe 70% commercial real estate occupancy.
But, fact is, they really don't compare, do they?
Sounds to me like the people in charge at the CCP have one fear - the revolt of 1.3 Billion people. So they create some work for the people to keep them at bay then, knock it down. Sounds like China has their own Ponzi thing going on over there.
3 mil empty homes and overbuilt CRE in the USA is a tragedy and probably the biggest crime ever committed. You're not going to get an argument from me. We have been raped by banks and politicians for decades. I for one suffer but at least I know I got screwed.
Why do you assume they are not fighting back?
I havent seen them do a single thing to challenge QE2. How about not buying treasuries? how about further trade barriers to hurt US multinationals?
Do they not understand how little confidence Americans have in current treasury yields?
there's probably a sun tzu quote for that...
"He has weaponized the currency"
+666. and for having gwar in your moniker.
The US., meantime, needs to put its own fiscal policy on a more sustainable path, he said, referring to the need to shrink the federal budget deficit.
I see. That is a totally unrelated issue, huh? The fact that fiat can materialize from nothing and the fact that the debt can be so "easily" monetized has no impact on fiscal policy makers whatsoever.
The world really should send him a gift basket, at least. Maybe the Time article got to his head, but I'm not surprised he's backing his own decisions. I'll be surprised when he shapeshifts into an alien and starts handing out Ameros, proving all my theories correct.
Macroprudential? Has Benbabwe looked int he mirror lately? And said to himself, hey, maybe I should think macroprudentially?
What a word. What a man. What a time.
Macroprudential measures! Too funny!
What do the members of ZH think?
1) Chairsatan believes the BS that spews from his mouth and thinks his efforts will benefit the economy as stated
2) Chairsatan knows exactly what he is doing to the economy and willingly tells us sweet lies since telling the truth destroys his true plan.
He's that fucking crazy. But then, all the people around him luv him.
Let him talk, he will surely disqualify himself with this kind of rhetoric :
“The preference by so many investors for perceived safety created strong incentives for US financial engineers to develop investment products that ‘transformed’ risky loans into highly rated securities,”
I prefer to blame someone else.
It infuriates me. The US wants to keep the dollar as the reserve currency of the world and also wants to keep it weak. Folks, this is a beggar the world policy while the fat Americans can do whatever they want like lie, cheat, steal and bomb. The worlds back hurts from the weight of these asswipes.
Oh...why can the world not see this BS and just delink themselves gradually from the US dollar is beyond me. First they should ban imports/exports to this country and trade among themselves like the recent agreements between China/Russia in their currencies. That will end the constant nuisance this country is.
What they need to do is revolt against our treasuries. The fact that they keep buying them amazes me.
If they finally go ape shit, dropping $800B worth of Treasuries will be a small price to pay. A decent shooting war would cost alot more--and it's not as though they'll get nothing on the sales. Sure, the EU would crash, but they could quickly step in as savior.
The beauty of it is that the US couldn't even scream that it was an Act of War. The Chinese only have to say that they needed the money to feed their people! What could we say--they should let them starve? Nobody would buy that.
We'll die on our own petard.
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