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China Mocks G7 As "Gathering Of Debtors", Warns "Confrontation Will Be A Disaster For Europe"
Vladimir Putin didn’t get an invite to the Angela Merkel-hosted G7 Summit in Bavaria last week, which means the Russian President not only missed out on two days at the scenic Castle Elmau, but also on lederhosen shopping with US President Barack Obama who, judging from eyewitness accounts and a variety of amusing photo ops, channeled his inner Clark Griswold upon touching down in the Bavarian town of Krun. The G7 isn’t pleased with Russia’s ‘behavior’ in Eastern Europe and so, Moscow has been expelled from the cool kids club until such a time as the Kremlin agrees to uphold Western democratic values.

(Obama in Krun)
But the G7 is an equal opportunity exclusionist which means it’s not just former superpowers that aren’t welcome, but rising superpowers as well, which means you won’t be seeing Xi Jinping at the table either.
But “Big Uncle Xi” (as he is affectionately known in China) likely isn’t losing any sleep because in the eyes of Beijing, the G7 — much like the IMF and the ADB — is a relic of a global economic and political order that is well on its way to obsolescence if it isn’t there already.

(Xi Jinping; illustration: The New Yorker)
The Global Times (which, it should be noted, is owned by the ruling Communist Party’s official newspaper, the People’s Daily) has more on why the G7 is largely irrelevant in the modern world.
Via The Global Times:
The G7 summit concluded in Germany last week. Chinese scholars and media barely showed any interest to this outdated informal institution, except for a Declaration on Maritime Security issued by G7 foreign ministers. The declaration expressed their concerns on "unilateral actions" in the South China Sea, with China as the obvious target.
Judging from the agenda and outcomes of this year's G7 summit, it has run counter to the global trend of peace, development and cooperation and become mere of a geopolitical tool.
Since the very beginning of the establishment of the G7, it has been a rich-man's club that consists of Western major powers and aims to maintain the collective hegemony of the US-led West. It used to focus on the world's economic issues, and then extended to political and security affairs. After the Cold War, Russia was included in this grouping, which almost became the core of global governance and looked as though it might replace the UN Security Council.
However, the other G7 members never treated Russia as an equal partner. Russia was only entitled to discuss politics and security but not financial and economic issues.
As the world entered the 21st century, new economies started to emerge and the world's political and economic center has gradually shifted to the Asia-Pacific. The 2008 global financial crisis forced G7 members into a stalemate, and these nations started to realize that they could only get rid of the crisis with the help of emerging economies. Therefore, the US proposed defining the G20 as the main platform to discuss international economic problems. Within the G20, although the G7, as a sub group, intends to dominate the agenda-setting, the G7 cannot play its role without cooperation from new economies whose voices can be heard more nowadays.
Yet countries such as the US and Japan can hardly accept the rising international status of emerging economies and are reluctant to give up their hegemony. When the financial crisis eased slightly, Western media vigorously propagated the "revival" of the G7. But the economic performance of G7 members meant the summit was a gathering of debtors.
To some extent, the role of the G7 in global economic governance is negative. The IMF and the World Bank are under the control of G7 members. This is one of the reasons for the low implementation capacity of the G20.
In the field of politics and security, Western powers relentlessly promoted the role of the G7. But the G7 has proved to be unable to maintain regional stability, and has led to chaos in the Middle East instead. After the Ukrainian crisis, the West excluded Russia from the original G8, making the current G7 grouping on the way to becoming a Cold War relic.
Russia and China are main targets of the discussion at this G7 summit. They decided to continue to impose pressure on Russia amid the ongoing Ukrainian crisis. As for China, they focused on issues around the Asian Infrastructure Investment Bank and the East and South China Sea. But it is worth noting that European members have shown a different stance from the US and Japan on both matters.
Whether the G7 will become a geopolitical tool or a Cold War relic largely depends on European countries. Unlike the US, Europe shares a closer geopolitical and economic links with Russia. If the G7 becomes a platform for the confrontation between the West and Russia, it will undoubtedly be a disaster for Europe. Seeking a peaceful solution to the Ukrainian crisis with Russia fits European interests. As for the East and South China Sea disputes thousands of kilometers away from the European continent, these countries needn't necessarily get involved.
During the G7 summit, Japanese Prime Minister Shinzo Abe tried to pull European countries to Japan's anti-China bandwagon. China should continue to stay wary of the Japanese government.
Obviously this is to be taken with a grain of salt considering it comes directly from the politburo, but nevertheless, there are some important observations here that deserve attention.
For instance, China equates the G7 with the IMF and the World Bank, two institutions which Beijing is well on its way to challenging via the AIIB and The Silk Road Fund. In public, China has been careful to adopt a conciliatory stance towards existing multilateral lenders. This partly reflects the fact that China isn’t eager to ruffle any feathers among the Western countries who took a rather palpable political risk by throwing their support behind the AIIB in the face of fierce opposition from Washington. Beyond that though, adopting an overly critical stance towards institutions whose goals are ostensibly similar to those of the AIIB risks sending the wrong message to countries who depend on supranational institutions for aid. That said, equating the IMF, The World Bank, and the ADB with the G7 before subsequently calling the latter a “Cold War relic” is a kind of backdoor way of suggesting that the G7-dominated multilateral institutions are, by virtue of their leadership, hurtling towards irrelevancy.
Further, the assertion that “the economic performance of G7 members [means] the summit [is] a gathering of debtors” is on the one hand hypocritical (China, after all, is sitting on $28 trillion in debt) but on the other hand speaks to the fact that, even as China’s economic growth slows as Beijing marks a difficult transition from an investment-led economy to a consumption driven model, economic growth in the West has simply stalled out altogether and as for Japan, well, Tokyo has been grappling with a deflationary nightmare for decades, something Abenomics has so far failed to correct. In other words, China’s economic miracle may be “landing hard” so to speak, but there’s certainly an argument to be made that even in its crippled state, the Chinese economic machine is still capable of outperforming the West.
Finally, and perhaps most importantly, China suggests Washington’s dominance has led the G7 to pursue myopic foreign policies that have conspired to stoke sectarian chaos in the Middle East (it’s now almost impossible for the US to keep track of where it supports Shiite militias and where it backs Sunni militants) and create the conditions for a second Cold War in Eastern Europe. The deliberate exclusion of Russia, Beijing says, risks transforming the G7 into what is effectively the political arm of NATO, which undercuts the institution's ability the foster peace and cooperation.
Again, some of this is propaganda served hot and fresh straight from the Communist Party kitchen. That said, the underlying geopolitical analysis is spot-on even if it's presented with a hyperbolic veneer.
The G7, like the IMF and the World Bank, is quickly falling victim to the arrogance of its most powerful members. If an overriding sense of Western exceptionalism is allowed to create the same type of complacency and rigidity that has paralyzed the IMF, it may not be long before the world's emerging powers supplant entrenched political bodies much as they have moved to supersede ineffectual economic institutions.
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"you can blindfold them with dental floss"
Can someone say BORROWED TIME !
End this SHAM already !
And to think that they are only mere puppets.
Isn't there a Chinese proverb about pissing in your own bath?
I mean, yes, playing around with debt money (aka joobucks) is not really a smart thing and the math will never work out.
BUT, is that anywhere near as dangerous as destroying the very land you live on?
I mean, once a debt money system blows up you can always fall back on small farms, gardens, etc. Basically rebuild from the ground up.
Not really sure that is going to help the Chinese.
And to top it off, the Chinese are just as dependent on that debt money system, otherwise there would be no credit to buy any of their worthless trinkets.
pods
Please, they own the Pacific Northwest already...
that is plenty of ground to build up on.
http://www.channelnewsasia.com/news/business/china-may-have-edge-in-ra/1...
No one has a problem with China "re-investing" domestically, America should simply follow suit, period.
WilliamBanzai7....put a Hitler mustache on Obama, and then he's all set! ))
Damn those African illegal immigrants coming in through Italy are everywhere. Just look at that one in the first pic photo bombing those white bavarian kids.
june 22, next few months are the time of the great changes.
warring branches out in the open?
China is a Paper Tiger,
Full of Wanking Chinamen.
Fuck them,
And the Trojan Horses they rode in on.
Kiss my ass Chou En Lai.
lol yeah and your mom is also a paper tiger isnt it ?
You are a disgusting human being. On many levels.
Awww, did the nasty man hurt your feelings?
No. It was that little girl, COSMOS, who hurt his feeeeewings.
He is such a fag to allow a little girl to impact him in that way.
Does he hate the crackers in the above photo as much as the American domestic variety, or do they get a pass? It takes a Nobel Laureate's superior intellect to discern the beasts
Photobombed? He Ground Zero'd that one.
@LawsOfPhysics
In 1942 Japanese American Citizens owned property and business, until they didn't. One of Obama's early executive orders was that any foreign nationals assets could he seized without due process during war time. Considering it's now forever war time, those Chinese Oligarchs night be in for a rude awakening. A revolution at home and asset forfeiture abroad. Pick your poison.
Does that also include rolling back NAFTA?
This is not the 1940s, not by a long shot.
NZero-> your comparison to 1942 Japan does not fly. China owns $1T +
UST which if they dumped would not be pretty. China extends credit to US everyday. China has effectively partnered with Middle East, Russia, Brazil and others. Additionally, China owns outright 4 US shipping ports in the west US. All said if Obama signed such an Executive Order, his credit card would lock up.
Little Obobo's been effectively been neutered in case you haven't noticed.
You will see China continue to buy and colonize in the US.
The FED has been dumping for years. Hello QE ?
The Chinese just have to decouple long enough with the BRICS to effect an already bought (USD dump) deal and preserve their ability to trade for commodities.
When it happens it will be overnight but years in the works. But the registered Chinese assets (read: in trust Globalist) will still be in place for surgical strategic political leverage. And the over-leveraged counterfeit of the USD will dissolve upon the foundation of its own fraud/delusion.
The end result will be internal (US) domestic chaos that will warrant a sea change politically to preserve stability...? martial law Obama hand-off to martial law Repub stooge? (ermm I'm thinking maybe a Bush...if there's one available?)...inverse/mirror warrant/reflection of 9/11 Bush -> Obama
Call it Fiat Famous...or perhaps just the tried and true Stockholm Syndrome
Whatever the Chinese do...it will probably be by design...but not their own.
"In 1942, there were 110,000 Japanese American citizens in good standing, law-abiding people who were thrown into internment camps simply because their parents were born in the wrong country. That's all they did wrong. They had no right to a lawyer, no right to a fair trial, no right to a jury of their peers no right to due process of any kind. The only right they had: "Right this way" into the internment camps!"
- George Carlin
Anything can happen.
I can imagine Obamo just as easily packing up his suitcase, bugging out leaving North Americans stranded. Imagine that.
<<Pick your poison.>>
Imagine a bankrupt nation with NOBODY at the helm. Imagine Obamo turning out the lights before he scrams.
After the dust settles, imagine boatloads of Chinese soldiers at the shores. Imagine not a single person in the world giving a shit what those soldiers do.
There is a reason why many metropoles are hastily pushing through rapid public transit without any regard for cost.
Now imagine a Chinese banker willing to buy and sell your metals or put you to work digging it.
The Chinese need only stand back and watch a foreign implosion. Time is on their side.
Uhhh, no. you guys who think Obama is somehow omnipotent make me laugh. I don't think he'll be "turning out the lights" on the country. In you scenario you'd still have a state governments with National Guards at the ready. Let the Chinese try and land in California. I don't think the Camp Pendelton Marines will go quietly.
In a war of imperial statists versus decentralized local freemen, who would still be in posession of advanced weaponry and air support, I'll take the locals. Your Scenario of the Federal government just abdicating and letting us run our own lives and nation is far to good a dream to come true.
And "How many divisions does the Pope command?" You "OWN" what you can hold.
China is never a country that rushes to do anything. They understand just biding their time will cause the US to collapse in on itself. The constant divisions and ever growing debt ensures a total collapse of America. Meanwhile China has plans all drawn up for a gold backed currency. In fact they plan to print the gold threads within the currency istself, giving it immediate value not some promise to redeem into gold at a later date. Meanwhile the US heads towards a cashless society which is easily hackable by the Chinese who can take every penny out of the banks and throw the country into chaos.
So great to know that you know
EXACTLY
what the Chinese Government is thinking.
Wow, how brilliant are you?
aside from relic news info, the chinese are mostly a chinese nation whilst we here in smerica we are smelting pot of raysism because raysism will always be with man and woman kind, ha-on the kind shit. we do not like peoples of other look and culture(for the most part). this experiment will fracute as it is. and i'm not being raycist, but merely stating what i see and observe.
China is #5 on the list of countries by external debt:
https://en.wikipedia.org/wiki/List_of_countries_by_external_debt
ad ussa is number one .
China is never a country that rushes to do anything.
Mao sure didn't mind rushing through the great Leap Foward and Cultural Revolution that killed millions and set back intellectualism in that country generations. Just sayin'...
Yes, China has far more active duty soldiers. Demographics are a real motherfucker.
The question of how a country is supposed to restructure its debt is now more acute than ever, says Nobel laureate economist Joseph Stiglitz in an article co-signed by Martin Guzman at Project Syndicate.
Commenting on the restructuring of the Greek debt in 2012, Stiglitz notes that the country played according to the rules of the financial markets and managed to finalize the restructuring in a very short time.
However, the agreement was poor and did not help the economy recover. Three years later, Greece is in a desperate position and needs further restructuring, he says.
The authors emphasize that the troubled debtor nations need a fresh start. Excessive sanctions lead to negative sum games. The debtor can not recover and creditors can not benefit from the greater ability to repay the loans.
In this context, Stiglitz proposes a global legislative framework – although recognizing the great difficulties to do so - that will help countries to make a fresh start.
“It may not be possible to provide a global bankruptcy code”, but he stresses there might be points of agreement on many issues.
For example, a new framework should include clauses providing for the suspension of legal proceedings for the duration of the restructuring [of debt] the economist says.
It should also include provisions for new borrowing. Creditors willing to provide credit to an economy that is under a restructuring process, will have a priority. They will thus have an incentive to allocate new resources to countries, when they need it the most.
There should also be a consensus that no country will be able to sign contracts that would violate their basic rights. It should not be possible to voluntary waiver the immunity of a sovereign state, just as a person can not sell himself as a slave. There should also be limits to how far a democratic government can bind the following governments.
A loose legislative framework with these features will act as a facilitator and supervisor of the restructuring process and could solve some of today's weaknesses and inequalityes.
He warns, however, that such a framework should not be based on institutions associated with the markets.
This means that the Regulation on the restructuring of sovereign debt can not be based on the International Monetary Fund, which is very closely connected to the creditors (and is itself a creditor).
To minimize the possibility of conflicts of interest, the framework should be implemented by the United Nations or by a new global institution, Stiglitz advocates.
Today’s crisis in Europe is only the latest example of the high cost - for both creditors and debtors - which is due to the absence of a global regulation for resolving sovereign debt crises.
Such crises will continue to occur. For globalization to work for all countries, the rules of public lending should be changed.
http://www.looneymarkets.com/opinions/stiglitz-proposes-an-international...
The legislation is well in process in US, UK, Australia, Canada.
2016 "Launch Date". Govern yourself accordingly.
says Nobel laureate economist Joseph Stiglitz in an article co-signed by Martin Guzman at Project Syndicate.
Stiglitz is a dirtbag. Stiglitz and Guzman? Dual Shit-i-Zens?
Hugh Hendry bitch slapping Stiglitz and Jeremy Sachs the Keyesians.
https://www.youtube.com/watch?v=-DN_eZHxa8Q
"Isn't there a Chinese proverb about pissing in your own bath?"
Special Wan Ton...
https://www.youtube.com/watch?v=DiqmRHPYffM
The Chinese, with the help of the banksters, have all the industry that was offshored to them, via the de-industrialization of the US.
When they stop taking US toilet-paper backed currency, take a trip to Walmart and see what is still left on the shelves to purchase.
Then go home and start your own garden
China isn't trying to destroy existing fiat regimes, it's trying to supplant them.
Is it just me...Or does barry soetoro seem to be a sociopath version of Forrest Gump?
Europeans putting their trust in Trayvon. The only thing dumber are Americans - liberals who voted for Trayvon and conservatives who think we have real elections and who think tthe US military/soldiers are American serfs freind.
The G7 are bankrupt led by the US with debt and unfunded liabilities of only $1,400,000 per taxpayer.
Greece has debt of $65,000 per taxpayer.
Forward
China mocks G7?
Little slow on the uptake there Sum Ting Wong.
Renowned economist Laurence Kotlikoff recently testified at the U.S. Senate about the runaway U.S. budget. How bad is it? Kotlikoff says, “I told them the real (2014) deficit was $5 trillion, not the $500 billion or $300 billion or whatever it was announced to be this year. Almost all the liabilities of the government are being kept off the books by bogus accounting. . . . The government is 58% underfinanced . . . . Social Security is 33% underfinanced . . . . So, the entire government enterprise is in worse fiscal shape than Social Security is, but they are both in terrible shape.” So, how much is America on the hook for in the future? Kotlikoff contends, “If you take all the expenditures that the government is expected to make, as projected by the Congressional Budget Office (CBO), all the spending on defense, repairing the roads, paying for the Supreme Court Justices’ salaries, Social Security, Medicare, Medicaid, welfare, everything and take all those expenditures into the future . . . and compare that to all the taxes that are projected to come in, and the difference is $210 trillion. That’s the fiscal gap. That’s our true debt.”
http://usawatchdog.com/financial-system-will-collapse-just-a-matter-of-w...
CHina’s biggest fear is the US army.
At best it will break down when it goes bankrup.
Buuuuttt... most probably it will invade the countries that have the assets and weak armies.
The US can't handle bigger wars. They're far too complex and risky. Besides, China and Russia teaming up is a formidable force. A very motivated force also. And motivaton and morale are huge problems in the Western countries. For very good reasons, as many readily understand.
Switzerland? Curacao? Monaco? New York? London?
put the chinese army in South Central Los Angeles, no really, I am curious to see how they'd do.
They'd be taken out by 12 year old black kids in no time.
the Chinese would enlist them-with good pay-they then would be a kickass army
You think a nation with an economy based completely on CHEAP would pay thier soldiers well?
tgat stuff aka cheap stuff is for you stupod muritards and they pay their soldiers well whereas ussa neglects their veterans .
They don't fear the US army, they've beaten them before.
The US navy is another matter, which is why they've spent so much on anti shipping
weapons, and with the new Silk Road that turns the USN into useless rustbuckets.
Not bad, it does bypass all the US controlled Azian shipping lanes. Didn’t think about that one.
'We're gonna need a bigger boat'
That OK, I'm sure the Chinese did.
+1
Most people have no idea why the Silk Road is important and a game changer. The US Navy will be worthless.
Also Gazprom pipelines. If they connect to Japan, Korea, China and a few more countries than oil shipping and ships are not needed.
but Mao's peasants had beaten shit out of nuclar armed US Armed Forces between 1950 and 1953 in Korea, which Washington called the first major war the US lost. It was the US that was so fearful of China. Later, they had done everything to make sure China wouldn't send its army into Vietnam during the Vietnam War.
Mao's mighty peasants wouldn't even come out of hiding to face the Japs.
1 Jap soldier is worth 20 Chinese.
in fact Mao openly thanked the Japs for their invasion of China when the two countries formalize diplomatic relationships back in the early 70s if you bother to read thzt history.
To win the total war or to minimize the number of other people's kids killed in action? Am i retarded to ask such a stupid question?
And now that 'Jap' soldier has enough plutonium in his lungs to kill a small town. As do all the US service people in Japan, including Okinawa. Tick, tock.
Time is on no one's side now, but the wind does blow east, not west. Follow the jetstream, Grasshopper.
Have you seen the Jap boys lately? They are so feminine, they are ready to serve as Thai whores.
That was then. This is now. Mr Asian Fighter Maven
btw. tell us who's better in bed? Chinese soldiers or Japanese?
inquiring minds
Don't Macarthur me, bro
US Army couldn't fight their way out of a wet paper bag./
Chinese Army about 4 million with 10 million reserves.
Great, 14 million useless troops who can't fight.
Some miniature nukes should mop them up real nice.
Another Americunt idiot,
Canadian actually, and you don't seem to like the country that liberated you, which puts your gratitude on par with your cocksucking Chink buddies who also showed no appreciation.
China should have been nuked in 1950.
Seems like the idiocy is rubbing off on Canadians now. Why should China have been nuked?
You are a goddam Canuck fucktard.
Can't trust anyone that puts fuckin' gravy on their Freedom Fries!
.
Just like England, Spain, France, Germany, Japan, and many others, Canada is ruled under US citizenism. In the US citizen nations hall of fame, Canada tops the list.
I have relatives in their 90's here are at ''A Bridge too Far'' that say its a shame that Americans are Canadians have become like the Nazis we fought here.
Google Operation Paper Clip.
BTW, do you really think the allies invaded Europe for the benefit of freedom? It was all about getting economic foothold in Europe and now they are losing it.
A lot of it was about getting loans paid back. Big loans. And Hitler had pretty much accomplished what his 'bankers' wanted anyway.
A real shitty story once one starts digging.
All wars are bankster wars. Look up David Cameron's wiki. His non-goyish family have been financing wars for over 200 years for the Red Shield in Europe and around the world.
The US and European bankersters and industrialists bankrolled Hitler. The poor German people got conned in two world wars as did the rest of Europe.
"Military men are dumb, stupid animals to be used as pawns for foreign policy." Henry Kissinger, quoted by Bob Woodward in The Final Days, 1976
I am not sure why you were down voted. Anyone dumb enough to let their kid die for the banksters is a fool.
I only respect men and women who defend their own people from invaders.
Couldn't have said it better, SG
You shouldn't be too proud of being Canadian these days.
America's bitch following American aggression lock step against the Russians..
Z-Canada run by the zios like Amerika, UK and many others.
Yet, you insist on posting as Euro trash?
"Military men are dumb, stupid animals to be used as pawns for foreign policy." Henry Kissinger, quoted by Bob Woodward in The Final Days, 1976
"Military men are dumb, stupid animals to be used as pawns for foreign policy." Henry Kissinger, quoted by Bob Woodward in The Final Days, 1976
lol! Dream on!
Like them or not, but give the devil his due. The U.S. military has massive experience, with tested tactics and weapons systems. There is no military on the earth that can match them at this point in time. It's simply a fact, but there is a glimmer of hope. The Government is doing it's very best to destroy it.
So, please explain why they lose every war they start?
I have the feeling they will break that streak when they take on, and destroy, the american people.
I'm sure you're referring to the Iraq/Afghanistan occupation, but you don't seem like a well reasoned person, so it's an easy mistake for you. Our problem wasn't the war it was the nation building.
yep
And I coulda been a judge but I didn't have the Latin.
He probably thinks Calvary is still the shit. Wonder how many horses China has?
they have your ............... idiot family ready to be served as horses .
Discipline is the backbone of an army. But remember good discipline does not entail urinating on the corpses of the dead enemy. (or selfies).
The discipline of an army starts out as a function of marching and parade. We recently saw the Russian Army put on a pretty impressive parade in Moscow to celebrate the 70th Anniversary of the Victory of World War II.
With all due respect to the Russian Army and their advanced weaponry, their army and all of the other armies in the world, can not compare to the parade and exhibition of the PLA. It is otherworldly.
But, hey, people disagree. You probably don't think that discipline is important when two armies face off or that marching makes discipline. And that discipline learning has any affect on the outcome of war.
The proof will be in the pudding. However, this pudding is going to leave a bitter taste in everyone's mouth.
https://www.youtube.com/watch?v=cJEn5zON4Fw
If the jungle bunny decides to go to war, don't enlist.
Yes a real military is all about shining the brass.
If soldiers to do what their officers tell them to do, from fire bombing Dresden, to My Lai, to droning anything that moves....
YES, SIR.
More Kabuki. By design. Good cop/Bad cop.
If this is true, then foreign troops/merc's are here too.
https://youtu.be/YT3rSPTE8jQ
China does not fear the US army -- but it does still fear the US air force, navy, and missiles (at least for a while yet). This is one of the reasons for their island building in the South China Sea, and for their plans to build the Marco Polo road to Europe. China is very dependent on ocean shipping and needs to keep those open. Likewise, the US can still place more missiles into China than China can into the US.
Hey,to all you tea-bag dragging GOP idiots... This is not a fucking video game...Start a nuclear war??
"Hey,to all you tea-bag dragging GOP idiots...Start a nuclear war??"
Hey, hey! The pot called the kettle black. And with the transport of heavy weapons to the East, the proggie meddling Manchurian Kenyan is doing what exactly?
My Bad, Good point. It is just that we do not have many neo-liberal fucking idiot hypocrits here on ZH. But you can smell the ditto heads crawling out of the sewer here often..
Each ICBM carries 15 warheads each warhead destroys 15 miles of property, plus radiation, emp and earthquakes. So how ever many China needs they likely have, same for the US.
Its not a numbers game the numbers are small the effect is total collapse of whatever official order was in place.
Both are control freaks and lost in power plays. To throw the game is not what anyone in power wants or will even threaten to do. All sides share the same goals, more for them less for everyone else.
I fear the F-35 if I am an American pilot.
He's correct you know.
When you’re a alcoholic, the first thing you need to do when you want to clean up your act is ditch enabling "friend" who need no excuse to go drinking with you as most probably they’re drunks to.
And those G7 guys do like to drink...
The addiction to debt has no cure. Annihilation, followed by a new, sane monetary system is the only solution.
in other words, there is NO solution.
Meh, China is just as fucked with their debt as any other country....
However, most Americans dont have capacity to discern the difference. In the developed world what Adolf Hitler called International Bankers are collecting interest while in China the sovereign state of China collecting interest. In America, every source dollar is issued as an instrument debt to enrich the International Bankers. In China every source Yuan is issued as sovereign money not as debt. in other words in the glorified west subjects live in a financial slavery paying rent to existence on this planet.
No, China is NOT anywhere near as fucked. They have a vast, growing manufacturing sector. America has jack shit.
what you don't know about US manufacturing capability could fill volumes...
How many more mfg. facilities closed today? It sure isn't working for the small business mfgs.
When the manufacuring comes back it's all going to be automated anyway. The Chinese may as well be making buggy whips.
nothing is on its way to come back to socialost dreamland ussa . keep dreaming .
The Chinese will hold up much better than this nation of Orange County Houswives will...
Who are they going to sell that shit to, since you know, they haven't transitioned to a market based economy.
They have only if you have cared to look propagandist
I swear to God you fuckers are brain dead. Do you ever read what you write? You're argument is that Americans are slaves to banks because they are collecting the interest, but that in China the government is collecting the interest, and that is somehow better. Doesn't that mean the Chinese are slaves to the governement, and if so then how the hell is that an improvement? You could make the arugment that since they get to vote on a representative government then it's better to be the slave of the governement, except for the fact that we are talking about Communist China, and votes don't matter. Whch brings us full circle right back to you're fucking crazy.
done with your moronic .... trolling douchebag
We China we raughing at you, arr of you
They may be raughing now.
ah rress, 10,000 yuan for your rollar?
Exactly....
To show how goddam STUPID you are. its Japanese that can't pronounce their ''R's"
Fucking American know nothing retard!!
Go back to Copenhagen
That was good!
Thanks! "It's the smiles that keep us going...The little giggles and bits of good cheer."
not to mention the assignations in West Hollywood and the West Village. :-D
.
ROR!
Why do you rike China so much?
Haha I work with Chinese people who can't pronounce their Rs, and you don't!
He who raffs rast, raffs roudest.
Debtors nations asking for debtornation. That was a shot across the bow.
Where all da white women at?
White women are a hot commodity over there in the Asias, and may be needed to service all this debt, especially since they kill all their female babies.
well, for one, Victoria Noodleman is in Kiev.
she likes little guys she can boss around.
Glass houses.
One China-hard-landing, coming right up.
Large LOLs.
Yeah, right, because China has been and is so transparent...
Let me say it again you stupid fucks...
this time it is global Weimar..
Indeed...
The Reckoning will be 'Global'....
No, it's Infanta 1984.
Where we don't have to imagine Joel Grey and Liza Minnelli in drag.
Oh oh, here come the brown shirts...
That's why the true Victor(s) will be the one(s) coming OUT of the Reset in good shape, because they have the best Fundamentals.
And i mean the Real* fundamentals, not the BS on paper that Club Fed keeps conjuring.
*Healthy Demographics, Resources, Infrastructure, Technology, and a Functional and Competent Government that is able to adapt to the Reset.
"It is not the fastest, the smartest or the strongest who will survive and prosper, but those who adapt to Change the best" -Darwin. Note that this may include being fast + smart + strong, as well as mentally and culturally "elastic" and innovative. Should prove to be interesting times.
Funny how they point fingers at everybody else without a thought to the home front. lots of very cranky not getting laid boys around. fun times ahead for China.
The Chinamen shouldn't be pointing and laughing at anyone else's debt problems.
They're currently juggling a record number of Ponzi schemes and treat every market like it's a casino.
At no time does money theory ever trump politics.
When one nation is beholden to another nation; however so bound, there are two political venues to attend.
A house divided against itself cannot stand. (Lincoln)
We now serve too many masters via slavish adherence to un-American ideals.
Monetary policy will always submit itself to political pressures.
QE how many so far? Why are rates negative? Why are repos negative? Whats the real unemployment rate? You people are not only in denial, but total ignorant about your own situation.
IMF will be used like a buffet term, cigarette butt investing. One last puff before its dis-guarded.
2 blokes in a room, one with a pocket full of credit cards and another with a huge savings account.
Both can buy shit, but one going to be broke as soon as the credit card company (China etc.) terminates and invalidates the cards. Right now, its happening (dismantling of the US credit line).
Now, all the BRICS and creditor nations are swapping their worthless paper (US Govt. bonds, UK gilts, etc) for physical (pretty well documented here), so Einsteins go figure.
Nice , you could expand those thoughts a bit , into a rant.
Wake us when the "new system" is actually tethered to something fucking real. - Thanks.
China has printed "better" than anyone else.
I still have a great bit of uncertainty about China's gold holdings, and why if demand is so high to back a new fiat, gold price is held so low.
The 'gold option' is the final option. Might as well think of it as equal to the 'nuclear option' because the devastation wreaked upon the offending nation could potentially be as lethal as limited nuclear strike. Likewise, this option will only be employed if either absolutely necessary or with absolute confidence.
"I still have a great bit of uncertainty about China's gold holdings, and why if demand is so high to back a new fiat, gold price is held so low."
Arnold, the word "fiat" describes precisely a currency that's not backed by anything else than your belief it's worth something. As soon as it's backed by something physical like gold, it stops being fiat to become real money.
As for the low prices of gold, here's your answer. Also explains how and why the US gold has probably entirely gone... to China.
http://www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipula...
Lawsofphysics: +1000
http://www.zerohedge.com/contributed/2014-01-25/chinas-great-wall-credit...