/biz/ - Business & Finance

>>24098813
Get off your high horse, we're not talking Keynes vs Mises right now.

We're talking about the PRC, which is an entire nation built on the most extreme excesses of planned econ bullshit. China is a nation that hands out bottomless supplies of loans, no questions asked, to anyone that says they can provide employment. Not a useful service, not a product that will turn a profit, not something critical to the national defense: employment. Why? Because people with a job won't march to the local party office and start giving out hemp neckties. The guys in charge understand this, because they GOT their jobs after a peasant revolt.

China doesn't have an off ramp from their export led economy. Overwhelmingly, the things they produce only have value AS EXPORTS. Their system is extremely brittle, and only works on the premise that the worker drones trade freedom for some sort of economic security. When that goes away, you get warlords again. And don't even start about the 'MuH lAcK oF uS MiC mAnUfAcTuRiNg'. The ONLY THING the US still makes is military hardware, are you some Balkan Europoor that you don't know this? And somehow, the US MIC given a real war to fight isn't going to gorge itself on federal money and expand out the ass?

BTW good job ignoring the rampant counterfeiting of gold in China. I see you're just going to act like they didn't get caught gold cladding bars of copper (not even lead) as loan backing. No one in the world is dumb enough to take Chinese gold as payment. The chinks don't have power projection to secure their own export driven, Arab oil dependent economy, but somehow they're going to dictate terms of trade? No, Zhang, what's going to happen is the US (maybe we let Japan do it for the luls) is going to camp your oil shipments in the Indian ocean and wait for the blackouts to start, and then you'll do what the thassalocracy tells you to do, just like every other time you dealt with English speakers in your history.