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About LinkBacksIndeed, and always bring along a cow for the skinning for the shiny shiny boots and the tasty tasty aft quarters, yumyum.Originally Posted by G unit Paramilitary
Indeed, and always bring along a cow for the skinning for the shiny shiny boots and the tasty tasty aft quarters, yumyum.
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Where are you sitting, Dios? Or less facetiously, what can you see that I can't?
China does need export markets for the cheaper goods it exports. That is where the US financial crisis may hurt China in the short term. But the rapid industrialisation of China provides something of an internal market for its steel, concrete and other heavy industry whereas where's the market for Pennsylvania Steel now either internationally or at home?
I can't see how anyone, economically or politically can say that the US had China in its hand. I'd say that the Chinese have the Americans cupped and fairly low down on the body at that.
The Japanese propped up Reagan's burn-off of Soviet Russia and this allowed the US to use its deficit as a strategic weapon. The US is now in what could well prove to be an immense debt hole and neither the Middle Eastern or Chinese Sovereign Funds want to be left holding US toilet paper in exchange for hard cash. The Japanese are wary of US paper at this stage, understandably.
Goldman Sachs, Bank Paribas and others are busy setting up the next financial game in Hong Kong and Tokyo ('Dark Pools of Liquidity') and not a sniff of doing that in New York or London. That in itself is a fairly heavy clue as to where the money games will be played in future...
Anyway-I'm interested in any information you may have to build your case that the Americans have the strategic upper hand on China. Because I can see no evidence at all for that cause and a lot of evidence to the contrary!
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