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Which is Safer: China or the United States?

July 29th 2010 13:03
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Posted By: Michael 2 - Category: No Category
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Comment by Sam Uretsky

July 29th 2010 17:43


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I think the premise of the article cited is simply false. While it's true that China is lending us money, keep in mind that the basis of the Chinese economy is to export goods to other nations rather than build its internal economy. By selling yuan and buying dollars, the Chinese can keep their currency artificially weak, so that their products are less expensive than US made goods. The Chinese trade surplus is partially a result of lower labor costs, to be sure, but also the result of currency manipulations.

Meanwhile, the Chinese are starting to demand better living and working conditions, which may lead to fundamental changes in the export economy. Consider that China is importing more Cadillacs than any other nation -- they may be a good trading partner yet.

Comment by Michael 2

July 29th 2010 20:59


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If those in control of the US economy wanted the US to be a strong country your argument might have merit. However, those in control believe that the West in general and the United States in particular stole everything we have from the third world. They want us to give it all back and to reduce our standard of living to third world standards. When Obama, Pelosi and Reid get through, we will have nothing to trade and we have no money to buy anything.

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