China is the bets, US is condemned, Pinkertons please wake up, NOW!!!

[Dreamer1]

I think the TS taks a very subjective view of the situation.

There is no doubt that USA is in a bad shape,although many seasoned observers have reasoned that USA is a great country,it has the strength to overcome the troubles,I am not 100% sure about whether the people,have the patience to wait it out.

Watching the performance of the great black president for 2 years,and the great disillusion expressed by the US voters during the recent elections,plus the great difficulty of USA to overcome the unemplyment problem,we have to watch how this situation unfolds.It is very obvious that the Amercian voters are totally pissed off by the Wallstreet bankers,which include many democrats in the present establishment,what more can President Obama do?

On the other hand,the TS blind faith on PRC is totally misplaced,does he not know that commies in PRC have been taken for a ride by MM LKY,the wise man who successfully built up a very small town,with a population of about 3 millions,with some able lieutenants such as GKS,etc,with a success formula tailored made for a township.

The secret is to bring in as many MNCs and foreign capital as possible,then pump all yr money into the SOEs,then you picked those who top the GCE (O) and (A) levels examination,to manage the SOEs.

Is it successful?u can name the successful SOEs built up by PAP,even for a small township like Singapore it does not work.

On the other hand,PM Wen confirmed recently that about 80% of the export are done in PRC by foreign MNCs or their JV.Since reform in 1978,China fail to produce a truly world classs MNCs.

My recomendation is for PRC to make use of the USD 2.6 trillion to boost domestic consumption which is running currently at 35%,the lowest rate in the world,and not unlike Singapore,which is probably one of the lowest.Channel the bank loans into poor private SMEs and build them up.

PRC has the useless 2.6 trillion USD which is in financial ruin,PRC has 1.3 billion people who are very eager to consume,PRC has very talented scientific and technical people,PRC can build up world class brand names but not with Temasek type of companies which they want to follow.

Would PRC change?no,the possibility for LKY changing is indeed much higher.

My conclusion,USA is in real bad shape but PRC is the wrong bet.
what do we do?we watch this truly historical moment!
My own humble opinion is that all will not end well,sorry to those who believe that sky is the limit as speculated/announced by their hero MM LKY and the wooden GCT.

 

[ivebert]

Tell me, if you keep exporting junks and do not own any intellectual property of lucrative technologies, how can you be the best?

For inflating the China dream. It's a big scam waiting to be busted. Everyone who has been to China knows that only the CCP members or related elites enjoy the fruits of labor.

 

[Rimururu]

PRC government officials and elites often send their children to US and Australia for work and study.

Shows you how positive they view the future of PRC.

 

[mako65]

Roses are red n violets are blue but they dun bloom all season round! At the present, China is enjoying the growth n prosperity n the credit problem is still haunting the US!

 

[Cruxx]

Roses are red n violets are blue but they dun bloom all season round! At the present, China is enjoying the growth n prosperity n the credit problem is still haunting the US!

At present, USA is the largest economy in the world, approximately 3 times that of China with 4 times lesser people.

 

[Whats4]

25 Ominous Signs For The U.S. Economy

The financial collapse that so many of us have been anticipating is seemingly closer then ever. Over the past several weeks, there have been a host of ominous signs for the U.S. economy. Yields on U.S. Treasuries have moved up rapidly and Moody’s (MCO: 26.33 0.00 0.00%) is publicly warning that it may have to cut the rating on U.S. government debt soon. Mortgage rates are also moving up aggressively. The euro and the U.S. dollar both look incredibly shaky. Jobs continue to be shipped out of the United States at a blistering pace as our politicians stand by and do nothing. Confidence in U.S. government debt around the globe continues to decline. State and local governments that are drowning in debt across the United States are savagely cutting back on even essential social services and are coming up with increasingly “creative” ways of getting more money out of all of us. Meanwhile, tremor after tremor continues to strike the world financial system. So does this mean that we have almost reached a tipping point? Is the world on the verge of a major financial collapse?

Let’s hope not, but with each passing week the financial news just seems to get eve worse. Not only is U.S. government debt spinning wildly toward a breaking point, but many U.S. states (such as California) are in such horrific financial condition that they are beginning to resemble banana republics.

But it is not just the United States that is in trouble. Nightmarish debt problems in Greece, Spain, Portugal, Ireland, Italy, Belgium and several other European nations threaten to crash the euro at any time. In fact, many economists are now openly debating which will collapse first – the euro or the U.S. dollar.

Sadly, this is the inevitable result of constructing a global financial system on debt. All debt bubbles eventually collapse. Currently we are living in the biggest debt bubble in the history of the world, and when this one bursts it is going to be a disaster of truly historic proportions.

So will we reach a tipping point soon? Well, the following are 25 signs that the financial collapse is rapidly getting closer….

#1 The official U.S. unemployment rate has not been beneath 9 percent since April 2009.

#2 According to the U.S. Census Bureau, there are currently 6.3 million vacant homes in the United States that are either for sale or for rent.

#3 It is being projected that the U.S. trade deficit with China could hit 270 billion dollars for the entire year of 2010.

#4 Back in 2000, 7.2 percent of blue collar workers were either unemployed or underemployed. Today that figure is up to 19.5 percent.

#5 The Chinese government has accumulated approximately $2.65 trillion in total foreign exchange reserves. They have drained this wealth from the economies of other nations (such as the United States) and instead of reinvesting all of it they are just sitting on much of it. This is creating tremendous imbalances in the global economy.

#6 Since the year 2000, we have lost 10% of our middle class jobs. In the year 2000 there were approximately 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs.

#7 The United States now employs about the same number of people in manufacturing as it did back in 1940. Considering the fact that we had 132 million people living in this country in 1940 and that we have well over 300 million people living in this country today, that is a very sobering statistic.

#8 According to CoreLogic, U.S. housing prices have now declined for three months in a row.

#9 The average rate on a 30 year fixed rate mortgage soared 11 basis points just this past week. As mortgage rates continue to push higher it is going to make it even more difficult for American families to afford homes.

#10 22.5 percent of all residential mortgages in the United States were in negative equity as of the end of the third quarter of 2010.

#11 The U.S. monetary base has more than doubled since the beginning of the most recent recession.

#12 U.S. Treasury yields have been rising steadily during the 4th quarter of 2010 and recently hit a six-month high.

#13 Incoming governor Jerry Brown is scrambling to find $29 billion more to cut from the California state budget. The following quote from Brown about the desperate condition of California state finances is not going to do much to inspire confidence in California’s financial situation around the globe….

“We’ve been living in fantasy land. It is much worse than I thought. I’m shocked.”

#14 24.3 percent of the residents of El Centro, California are currently unemployed.

#15 The average home in Merced, California has declined in value by 63 percent over the past four years.

#16 Detroit Mayor Dave Bing has come up with a new way to save money. He wants to cut 20 percent of Detroit off from essential social services such as road repairs, police patrols, functioning street lights and garbage collection.

#17 The second most dangerous city in the United States – Camden, New Jersey – is about to lay off about half its police in a desperate attempt to save money.

#18 In 2010, 55 percent of Americans between the ages of 60 and 64 were in the labor market. Ten years ago, that number was just 47 percent. More older Americans than ever find that they have to keep working just to survive.

#19 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

#20 The U.S. government budget deficit increased to a whopping $150.4 billion last month, which represented the biggest November budget deficit on record.

#21 The U.S. government is somehow going to have to roll over existing debt and finance new debt that is equivalent to 27.8 percent of GDP in 2011.

#22 The United States had been the leading consumer of energy on the globe for about 100 years, but this past summer China took over the number one spot.

#23 According to an absolutely stunning new poll, 40 percent of all U.S. doctors plan to bail out of the profession over the next three years.

#24 As 2007 began, there were just over 1 million Americans that had been unemployed for half a year or longer. Today, there are over 6 million Americans that have been unemployed for half a year or longer.

#25 All over the United States, local governments have begun instituting “police response fees”. For example, New York Mayor Michael Bloomberg has come up with a plan under which a fee of $365 would be charged if police are called to respond to an automobile accident where no injuries are involved. If there are injuries as a result of the crash that is going to cost extra.

 

[123456787654321]

What's the point of posting all this doom and gloom about the US? Their culture will live forever. Even now you are writing everything in English. Two hundred years from now everything will still be in English, not Chinese. Wealth can fade, but superior culture will always remain, and inferior culture forgotten entirely.

 

[Dreamer1]

25 Ominous Signs For The U.S. Economy

The financial collapse that so many of us have been anticipating is seemingly closer then ever. Over the past several weeks, there have been a host of ominous signs for the U.S. economy. Yields on U.S. Treasuries have moved up rapidly and Moody’s (MCO: 26.33 0.00 0.00%) is publicly warning that it may have to cut the rating on U.S. government debt soon. Mortgage rates are also moving up aggressively. The euro and the U.S. dollar both look incredibly shaky. Jobs continue to be shipped out of the United States at a blistering pace as our politicians stand by and do nothing. Confidence in U.S. government debt around the globe continues to decline. State and local governments that are drowning in debt across the United States are savagely cutting back on even essential social services and are coming up with increasingly “creative” ways of getting more money out of all of us. Meanwhile, tremor after tremor continues to strike the world financial system. So does this mean that we have almost reached a tipping point? Is the world on the verge of a major financial collapse?

Let’s hope not, but with each passing week the financial news just seems to get eve worse. Not only is U.S. government debt spinning wildly toward a breaking point, but many U.S. states (such as California) are in such horrific financial condition that they are beginning to resemble banana republics.

But it is not just the United States that is in trouble. Nightmarish debt problems in Greece, Spain, Portugal, Ireland, Italy, Belgium and several other European nations threaten to crash the euro at any time. In fact, many economists are now openly debating which will collapse first – the euro or the U.S. dollar.

Sadly, this is the inevitable result of constructing a global financial system on debt. All debt bubbles eventually collapse. Currently we are living in the biggest debt bubble in the history of the world, and when this one bursts it is going to be a disaster of truly historic proportions.

So will we reach a tipping point soon? Well, the following are 25 signs that the financial collapse is rapidly getting closer….

#1 The official U.S. unemployment rate has not been beneath 9 percent since April 2009.

#2 According to the U.S. Census Bureau, there are currently 6.3 million vacant homes in the United States that are either for sale or for rent.

#3 It is being projected that the U.S. trade deficit with China could hit 270 billion dollars for the entire year of 2010.

#4 Back in 2000, 7.2 percent of blue collar workers were either unemployed or underemployed. Today that figure is up to 19.5 percent.

#5 The Chinese government has accumulated approximately $2.65 trillion in total foreign exchange reserves. They have drained this wealth from the economies of other nations (such as the United States) and instead of reinvesting all of it they are just sitting on much of it. This is creating tremendous imbalances in the global economy.

#6 Since the year 2000, we have lost 10% of our middle class jobs. In the year 2000 there were approximately 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs.

#7 The United States now employs about the same number of people in manufacturing as it did back in 1940. Considering the fact that we had 132 million people living in this country in 1940 and that we have well over 300 million people living in this country today, that is a very sobering statistic.

#8 According to CoreLogic, U.S. housing prices have now declined for three months in a row.

#9 The average rate on a 30 year fixed rate mortgage soared 11 basis points just this past week. As mortgage rates continue to push higher it is going to make it even more difficult for American families to afford homes.

#10 22.5 percent of all residential mortgages in the United States were in negative equity as of the end of the third quarter of 2010.

#11 The U.S. monetary base has more than doubled since the beginning of the most recent recession.

#12 U.S. Treasury yields have been rising steadily during the 4th quarter of 2010 and recently hit a six-month high.

#13 Incoming governor Jerry Brown is scrambling to find $29 billion more to cut from the California state budget. The following quote from Brown about the desperate condition of California state finances is not going to do much to inspire confidence in California’s financial situation around the globe….

“We’ve been living in fantasy land. It is much worse than I thought. I’m shocked.”

#14 24.3 percent of the residents of El Centro, California are currently unemployed.

#15 The average home in Merced, California has declined in value by 63 percent over the past four years.

#16 Detroit Mayor Dave Bing has come up with a new way to save money. He wants to cut 20 percent of Detroit off from essential social services such as road repairs, police patrols, functioning street lights and garbage collection.

#17 The second most dangerous city in the United States – Camden, New Jersey – is about to lay off about half its police in a desperate attempt to save money.

#18 In 2010, 55 percent of Americans between the ages of 60 and 64 were in the labor market. Ten years ago, that number was just 47 percent. More older Americans than ever find that they have to keep working just to survive.

#19 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

#20 The U.S. government budget deficit increased to a whopping $150.4 billion last month, which represented the biggest November budget deficit on record.

#21 The U.S. government is somehow going to have to roll over existing debt and finance new debt that is equivalent to 27.8 percent of GDP in 2011.

#22 The United States had been the leading consumer of energy on the globe for about 100 years, but this past summer China took over the number one spot.

#23 According to an absolutely stunning new poll, 40 percent of all U.S. doctors plan to bail out of the profession over the next three years.

#24 As 2007 began, there were just over 1 million Americans that had been unemployed for half a year or longer. Today, there are over 6 million Americans that have been unemployed for half a year or longer.

#25 All over the United States, local governments have begun instituting “police response fees”. For example, New York Mayor Michael Bloomberg has come up with a plan under which a fee of $365 would be charged if police are called to respond to an automobile accident where no injuries are involved. If there are injuries as a result of the crash that is going to cost extra.

Some of yr info are not accurate,pl re-check to ensure accury
such as

#19 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

Thank you.

 

[Aussie Prick]

Why are you youngsters so hopelessly worshipping the useless fuckers in the US who condemned the whole world with their mortgage fraud and quantitative easing

China is the best. Turn east. Give up the useless western cheebyekias

Know where your future lies, it is not too late to realise the error of your ways

Actually the problem was a UK one. CDOs and other mortgage swaps are complex financial instruments that originated in London, not Wall St. From London the debt was packaged and sold worldwide. Singapore Banks lost billions.

We should be very thankful the US is still the world's only superpower and you should fear China's growing influence for the Communist Party would very much like to control you and make the PAP seem like a sunday picnic. If you value civil liberties and what little freedom you have, consider how very much the Chinese would prefer it if you were to live in perpetual fear with mobile execution vans, no facebook etc.

Try to keep your perspective.

 

[Aussie Prick]

Roses are red n violets are blue but they dun bloom all season round! At the present, China is enjoying the growth n prosperity n the credit problem is still haunting the US!

Absolutely ridiculous. The avg Chinese is facing 10% inflation in the past year while the avg American faced 0.9% inflation.

Americans are enjoying extremely cheap products while the Chinese are going to Hong Kong to buy vegetables. Chinese people are facing property prices they cannot afford while American investors are buying 2nd, 3rd properties and renting them out for a 10% ROI.

Dont believe everything you read in the ST or on CNN.

 

[ronaldinho]

US is doomed. There will be much social unrest, like my bowels when irritated by the syndrome

Also in China as the rich-poor gap becomes wider than my ass crack during diarrhoea

Singapore is the worst as we will starve until we eat our own shit