britain goes to saudi arabia with begging bucket
china isn't entirely dependant on the usa...about 1/4 of china's exports go to the usa, and 1/10 of china's imports are from the usa...more importantly, the exports are not controlled by the government, and it is doubtful that US tarriffs would cause a significant reduction in trade
in 2000, china held $60 billion in US treasury notes...today, china controls more than $600 billion...that's the biggest increase of any foreign lender in history...china can tell uncle sam to sit down and mind his manners
britain goes to saudi arabia with begging bucket
"But if a country tries to keep their resources for themselves or is a little too stingy in giving the West their cut, there's talk of how we need to either put an embargo on them or violently install a democracy."
- or in the case of iran in the 1950's and venezuela in the 2000's, there was US government action to violently overthrow democracies that nationalized their oil industries
britain goes to saudi arabia with begging bucket
Quote:
Originally Posted by maladroit
"But if a country tries to keep their resources for themselves or is a little too stingy in giving the West their cut, there's talk of how we need to either put an embargo on them or violently install a democracy."
- or in the case of iran in the 1950's and venezuela in the 2000's, there was US government action to violently overthrow democracies that nationalized their oil industries
Exactly, man! And Cuba in the early 1960s...the big reason for the embargo was that Castro made moves to nationalize the industry in Cuba that had until then been dominated by America. The U.S. had no problem whatsoever with their former puppet, Batista, because he tyrannized his people and let the U.S. dominate their economy. For placing the economy in Cuban hands, Castro was told the U.S. wouldn't buy Cuban sugar anymore. Having been shat on by one superpower, they of course become friends with the other (the U.S.S.R.) and adopt a communist style of government. The Congo in the 1960s is another example. Fuck, the West doesn't have any problem with tyranny whatsoever, they just hate economic localization.
britain goes to saudi arabia with begging bucket
Quote:
Originally Posted by maladroit
china isn't entirely dependant on the usa...about 1/4 of china's exports go to the usa, and 1/10 of china's imports are from the usa...more importantly, the exports are not controlled by the government, and it is doubtful that US tarriffs would cause a significant reduction in trade
A simple Keynesian multiplier will express that there is much more than the nominal value of net exports gained by trading with the US. Where injection equals leakage, the first step will be 1 to 1, but steps 2 through infinity spur even more economic growth in terms of GDP that you must take into consideration. Because they are not a debtor nation, and because their marginal propensity to consume domestic goods has a very very very small pool (in terms of population) to choose from, China is too fragile to cause any "ruckus" so to speak.
Quote:
in 2000, china held $60 billion in US treasury notes...today, china controls more than $600 billion...that's the biggest increase of any foreign lender in history...china can tell uncle sam to sit down and mind his manners
Japan has a much higher holding, are we also controlled by Japan? At best there is a stalemate in regards to hegemonic attitude from the US.
britain goes to saudi arabia with begging bucket
Quote:
Originally Posted by maladroit
- or in the case of iran in the 1950's and venezuela in the 2000's, there was US government action to violently overthrow democracies that nationalized their oil industries
Iranian and Venezuelan democracy? :S2:
britain goes to saudi arabia with begging bucket
the usa successfully overthrew the democratically elected leader of iran, and installed/supported a brutal right wing dictator:
The overthrow of democracy in Iran - Los Angeles Times
the usa tried to start a coup to overthrow the democratically elected leader of venezuela:
Venezuela coup linked to Bush team | World news | The Observer
the usa even tried to overthrow it's own democracy:
Business Plot - Wikipedia, the free encyclopedia
democracy is for suckers...funny stuff indeed! ha ha ha...
britain goes to saudi arabia with begging bucket
Quote:
Originally Posted by maladroit
I think reading this book and then checking out the reactions made to it is an eye-opener, regardless of how accurate this thing is. these kind of stuff will always remain controversial because those accused hold the power and totally deny it, there wont be any evidence of anything, ever!! until a whistle blower comes along or documents become unclassified after decades
Confessions of an Economic Hit Man - Wikipedia, the free encyclopedia
I would say anyone interested in politics and in economy should read this, it never hurts, it may add up to your knowledge base & worldview though;)
britain goes to saudi arabia with begging bucket
i read that book...it was so poorly written that it made me wonder who would hire that guy to handle high level negotiations...i believe in the author's allegations of economic imperialism, but i don't think he could have played a significant role in it
britain goes to saudi arabia with begging bucket
Quote:
Originally Posted by maladroit
i read that book...it was so poorly written that it made me wonder who would hire that guy to handle high level negotiations...i believe in the author's allegations of economic imperialism, but i don't think he could have played a significant role in it
thats my whole point. cuz some ppl cannot even imagine anything near that happening. it only opens up your mind to the possibility... which by itself is a lot when u know about economy and international politics n history, u may be able to start questioning certain things and just dont be so 100% confident about what u r fed thru the media or by the officials
