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Reality

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Registered Apr 30, 2009


Reality's most recent comments:

  • On Sun, 26 Jul 2015, 7:37pm PDT in The end of the Old World Order, Reality said:

    indigenous says

    two countries sharing border, which causes border disputes and conflict as well as making each other's important trading partner in peace time

    So we need to watch Canada?

    haha, we had that already in the 19th century. Twice.

  • On Sun, 26 Jul 2015, 7:36pm PDT in The end of the Old World Order, Reality said:

    thunderlips11 says

    We've been hearing gloom and doom pronouncements of China's debt load since the 2008 Financial Crisis. The country's GDP has been growing between 7-8% over the last few years.

    I have my doubts on the validity of their numbers. GDP has little to do with real economy. IMHO, sooner or later we will find out that much of their economic development after 2008 was malinvestment, waste, and book cooking.

    thunderlips11 says

    China's Public Debt is much lower than it was 4 years ago; China's Government has done the correct Keynesian thing of reducing debt and raising revenue after lean times.

    The state and local governments there however owe enormous amount of debt, many on the verge of bankruptcy

    thunderlips11 says

    Finally, China has over $4T in cash reserves to play with, largely in USD. That's cash reserves, not a line of credit, but actual cash money. In other words, China has more Cash Reserves worth several years of the US Federal Budget Deficit.

    So it is claimed. I have my doubts regarding how much of that money is remaining after capital flights in recent years.

  • On Sun, 26 Jul 2015, 7:30pm PDT in The end of the Old World Order, Reality said:

    The conflict is usually not due to trading partnership per se, but due to:

    1. two countries sharing border, which causes border disputes and conflict as well as making each other's important trading partner in peace time;

    2. two countries are the leading economic powers of the world or the continent. It's the competition in power leading to conflict; they are each other's important trading partner simply because both are leading traders in the world/region.

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