/biz/ - Business & Finance

>>16697991
He's smug as fuck, but also 100% correct. Americans like me are dumb, fat, entitled, and lazy. Chinks are used to working hard and not living above their means. They HAVE NO CHOICE after all. It's either that or get shoved in a modern concentration camp or get disappeared.

When the liquidity crisis and inevitable massive inflation hits everyone around the world is fucked. But USA is going to be fucked much more than China. From the 2020s global depression China will emerge in the 2030s as a bigger superpower than the fading lazy america. It'll be a Psycho-Pass kind of nation where the citizens are all surveilled and controlled, but will ironically have a better standard of living than the West.

>>16696531
China is much more ahead of the curve than US appears to be. They know they are reaching the upper limits of how much money they can print before the confidence barrier is breached, so they're letting Tewoo and others go bust to try and squash some of that moral hazard going around. It doesn't fix the problem, but at least it deters other state-owned corporations from going too crazy with debt and making the problem worse. China is also buying up gold at record rates, and that's just going by the publicly available information we know about, who knows how much they're buying under the covers.

When the liquidity crisis and inevitable hyperinflation hits pretty much everyone is fucked, but I think China will come out of it faring much better than USA. Their citizens are used to working hard and not living above their means (they have no choice), versus Americans like me who are entitled, proud, and lazy. In the 2030s I can definitely see China as the top superpower, it'll be a Psycho-Pass kind of world where everyone there is surveilled and controlled, but ironically they'll have a better standard of living than the West.