The Way It Is

Gold all up in my watch! Don't believe me? Grab your crotch!

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Originally Posted by prendrelemick

Empires- they rise and fall like hemlines. Why should ours be any different? Does it really matter?


There is a Conference going on in Africa at the moment of up and coming Countries discussing alternatives to the IMF based first world economic system. Our great and mighty Western Civilisation is about to be side-stepped by the main thrust of history.

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Well the IMF has already been far outstripped by the Chinese who have near to a million of their people working there on infrastructure projects in North and sub-Saharan Africa which are financed to the tune of $110billion by the China Development Bank. The pay-off is in raw materials that are building China's new empire but there is an interesting article in yesterday's Le Monde about Africans beginning to realise that China may be the new colonial power.

plus ça change....

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Originally Posted by Neely

Well back on topic (if it has ever been on topic) I think that when you look at what is happening to places like Cyprus now, and before it Greece, I can't understand how anyone from any country can be so confident of the future, financially speaking. I think like the scientists financial experts haven't got much of a clue either.

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I keep hearing two conflicting doomsday scenarios on how the debt will be forcibly reduced. On the one hand, the debt can be made to vanish by inflating the currency. This allows the party to continue while slowly impoverishing those who save and fund the debt. On the other hand, the debt vanishes because of defaults and those who save and fund the debt can go bankrupt immediately.

But I'm no economist.

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Originally Posted by Emil Miller

Well the IMF has already been far outstripped by the Chinese who have near to a million of their people working there on infrastructure projects in North and sub-Saharan Africa which are financed to the tune of $110billion by the China Development Bank. The pay-off is in raw materials that are building China's new empire but there is an interesting article in yesterday's Le Monde about Africans beginning to realise that China may be the new colonial power.

plus ça change....

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China is today a capitalistic satellite controlled by Dell, Intel, Microsoft and others. You think the Chinese don't get it? Do you think we gave them Hong Kong as a Christmas present, just because we chickened out of the picture? Don't be ridiculous. The Chinese have integrated into the push for the globalization of democracy. They are slowly learning economy and finance, banking, etc. The Chinese are not stupid as mongers wish to make them look. They are still primitive but on their way to something meaningful to today's world's inertia and seal.

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Originally Posted by cafolini

China is today a capitalistic satellite controlled by Dell, Intel, Microsoft and others. You think the Chinese don't get it? Do you think we gave them Hong Kong as a Christmas present, just because we chickened out of the picture? Don't be ridiculous. The Chinese have integrated into the push for the globalization of democracy. They are slowly learning economy and finance, banking, etc. The Chinese are not stupid as mongers wish to make them look. They are still primitive but on their way to something meaningful to today's world's inertia and seal.

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The companies you have named have absolutely no control over China and are merely licensed to operate there by the Chinese authorities.
The UK returned Hong Kong to China because it's lease had come to an end.
Far from learning about finance, China was a major trading power before the USA came into existence and the banknote was invented in China.
Last year the USA was forced into third place as the world's major exporter, behind Germany in first place and China in second.
The Chinese are certainly not stupid and are long on wisdom and short on bull****.