Lying GOP CLOWNS
New member
loans only from china
behind the eruo and yen
behind the eruo and yen
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DID Ameiricans lose its financial leadership in the world?
- Thread starter Lying GOP CLOWNS
- Start date
mayna_smo_mry
New member
we have no leader ship at all only a some one trying to imitate a president.
Yes, and I'd argue that it happened a long time ago. Sure, people trade here. They invest here. For a long time now, America has run out of tangible assets (oil, industrial equipment) and has been securitizing debt! Debt was the last thing we had to sell, and valid debt (the kind people get around to paying back) is gone too!
China, our main lender these days, has obtained our industrial sector, owns the paper on our debt, has bought gold worldwide, and is by far the real financial leader in the world.
China, our main lender these days, has obtained our industrial sector, owns the paper on our debt, has bought gold worldwide, and is by far the real financial leader in the world.
Son of Woodrow
New member
Sorry, but that is simply not true.
Last year at this time, I was starting to trade forex. I was reading books about commonly-held wisdom, like when an interest rate on a currency goes down, the price of that currency will go down, and that kind of thing. Now when the shit hit the fan after Lehman Bros. last year, 90% of it was happening in the USA, with US dollars. America was obviously the hardest hit and looked like every big bank in the world (most of them in the USA)
Naturally I thought the dollar would go down compared to the Euro, or the Aussie Dollar, or anything else. Nope. The dollar went through the damn roof. The yen did too, but both creamed the Euro.
The dollar price is going down now, but that is because people are taking more risk. The moral of the story is that in times of crisis, the dollar is still seen as a safe haven (Even though America is to blame for the credit crisis!)
Anyone who is familar with the markets will tell you the America has the most advanced financial system in the world--Japan, which you think is ahead of the USA, has a crumbling financial infrastructure that stopped attempting to modernize after the bubble ended in 1989. It has been in Depression/Recession/Stagnation for two decades,and I would wager two more.
Europe , though well educated and home of some great companies, have very low productivity and live in a welfare state paradise as the society grays and there's no one left to pay the 50% of income taxes.
Lets say a mulitnational cement company wants to build a plant, and is deciding between Spain, a place with a 4 hour paid lunch break, siesta time, the month of August off work, mandatory life-long hiring (no ability to lay off or fire) retiring at the age of 53, striking employees if they don't get enough time off, or the toilet paper in the factory isn't soft enough; or they can choose South Korea, where the level of education is just as high (a little higher) as Spain, and they have a work ethic?
My guess is they stay in Asia.
I'm worried about the USA economy, sure, but there's no one waiting in the wings to take over in the developed world. My guess is that China, India, and Brazil will each assert themselves more and there will be a multipolar economic world later this century.
Last year at this time, I was starting to trade forex. I was reading books about commonly-held wisdom, like when an interest rate on a currency goes down, the price of that currency will go down, and that kind of thing. Now when the shit hit the fan after Lehman Bros. last year, 90% of it was happening in the USA, with US dollars. America was obviously the hardest hit and looked like every big bank in the world (most of them in the USA)
Naturally I thought the dollar would go down compared to the Euro, or the Aussie Dollar, or anything else. Nope. The dollar went through the damn roof. The yen did too, but both creamed the Euro.
The dollar price is going down now, but that is because people are taking more risk. The moral of the story is that in times of crisis, the dollar is still seen as a safe haven (Even though America is to blame for the credit crisis!)
Anyone who is familar with the markets will tell you the America has the most advanced financial system in the world--Japan, which you think is ahead of the USA, has a crumbling financial infrastructure that stopped attempting to modernize after the bubble ended in 1989. It has been in Depression/Recession/Stagnation for two decades,and I would wager two more.
Europe , though well educated and home of some great companies, have very low productivity and live in a welfare state paradise as the society grays and there's no one left to pay the 50% of income taxes.
Lets say a mulitnational cement company wants to build a plant, and is deciding between Spain, a place with a 4 hour paid lunch break, siesta time, the month of August off work, mandatory life-long hiring (no ability to lay off or fire) retiring at the age of 53, striking employees if they don't get enough time off, or the toilet paper in the factory isn't soft enough; or they can choose South Korea, where the level of education is just as high (a little higher) as Spain, and they have a work ethic?
My guess is they stay in Asia.
I'm worried about the USA economy, sure, but there's no one waiting in the wings to take over in the developed world. My guess is that China, India, and Brazil will each assert themselves more and there will be a multipolar economic world later this century.