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Topic: USA is now number 2 - page 4. (Read 11671 times)

newbie
Activity: 42
Merit: 0
December 25, 2014, 07:15:52 AM
China shadow banking will destroy both US and china back to the stone age  Smiley

That will be golden age for Europe  Cheesy
hero member
Activity: 686
Merit: 500
December 25, 2014, 06:13:34 AM
The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.

Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.

They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.
There has been buying pressure on the Yuan for decades because they are a net exporter. The chinese government has intervened via keeping the price of the Yuan generally fixed which helps keep the prices of chinese exported goods competitive internationally. 

If the price of the Yuan was able to trade freely then chinese goods would be much more expensive and the chinese economy would not be what it is today
legendary
Activity: 1264
Merit: 1008
December 25, 2014, 01:38:00 AM
The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.

Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.

They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.

lol, guess you haven't spent much time in china recently.  The Yuan is being issued into oblivion quicker than the dollar or the euro.  Inflation is massive.  There is zero chance of getting more rice for your Yuan next year than this year. 

However you might be right about the standard of living, I don't know..  the territory is too large for such generalizatoins more likely. 
hero member
Activity: 1022
Merit: 500
December 24, 2014, 06:25:56 AM
The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.

Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.

They have a plan and it is working. They became the biggest and better producer and now the Yuan will increase in value and the chinese will enjoy even increasing standard of living.
hero member
Activity: 658
Merit: 500
December 24, 2014, 01:54:35 AM
...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.

China is changing, people are getting richer, China will be the new USA in terms of being the first world nation but they will act very differently.
The "rich" in china are very much a minority, even less of a minority then what the rich are in the US.

Not only that but the rich in china can almost always trace their wealth back to the government

There are more than 2.5 millions chinese that have 1,000,000$ or more in cash net of loans. It is a growing number, increasing at a pace of 5% a year. It's obviously a minority but hardly something you can neglect.
That still does not address the fact that much/most of the wealth of the rich can be traced back to the government.

One other thing that I did not mention is that China has very tight capital controls so it is hard to move money out of the country once you have it (although bitcoin could solve this  Grin )

The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.
No, the chinese government is actually very strict about what information flows within the country. They are very much against freedom of speech.
legendary
Activity: 1582
Merit: 1064
December 24, 2014, 12:20:32 AM
The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.

Their efforts were initially directed on making sure that the massive population finds productive employment. Once this is taken care of, they may consider lessening restrictions.
hero member
Activity: 1022
Merit: 500
December 23, 2014, 05:57:29 AM
...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.

China is changing, people are getting richer, China will be the new USA in terms of being the first world nation but they will act very differently.
The "rich" in china are very much a minority, even less of a minority then what the rich are in the US.

Not only that but the rich in china can almost always trace their wealth back to the government

There are more than 2.5 millions chinese that have 1,000,000$ or more in cash net of loans. It is a growing number, increasing at a pace of 5% a year. It's obviously a minority but hardly something you can neglect.
That still does not address the fact that much/most of the wealth of the rich can be traced back to the government.

One other thing that I did not mention is that China has very tight capital controls so it is hard to move money out of the country once you have it (although bitcoin could solve this  Grin )

The government is very present everywhere including in the Economy and they control the capital but they are going slowly in the correct direction in the sense that they talk about less control and restriction.
hero member
Activity: 658
Merit: 500
December 22, 2014, 09:49:50 PM
...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.

China is changing, people are getting richer, China will be the new USA in terms of being the first world nation but they will act very differently.
The "rich" in china are very much a minority, even less of a minority then what the rich are in the US.

Not only that but the rich in china can almost always trace their wealth back to the government

There are more than 2.5 millions chinese that have 1,000,000$ or more in cash net of loans. It is a growing number, increasing at a pace of 5% a year. It's obviously a minority but hardly something you can neglect.
That still does not address the fact that much/most of the wealth of the rich can be traced back to the government.

One other thing that I did not mention is that China has very tight capital controls so it is hard to move money out of the country once you have it (although bitcoin could solve this  Grin )
legendary
Activity: 1582
Merit: 1064
December 22, 2014, 09:17:19 PM
The "rich" in china are very much a minority, even less of a minority then what the rich are in the US.

Not only that but the rich in china can almost always trace their wealth back to the government

The gini coefficients of both China and US are pretty high.
http://upload.wikimedia.org/wikipedia/commons/thumb/0/0c/2014_Gini_Index_World_Map%2C_income_inequality_distribution_by_country_per_World_Bank.svg/800px-2014_Gini_Index_World_Map%2C_income_inequality_distribution_by_country_per_World_Bank.svg.png
sr. member
Activity: 252
Merit: 250
December 22, 2014, 10:30:10 AM
China shadow banking will destroy both US and china back to the stone age  Smiley
hero member
Activity: 1022
Merit: 500
December 22, 2014, 06:22:38 AM
...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.

China is changing, people are getting richer, China will be the new USA in terms of being the first world nation but they will act very differently.
The "rich" in china are very much a minority, even less of a minority then what the rich are in the US.

Not only that but the rich in china can almost always trace their wealth back to the government

There are more than 2.5 millions chinese that have 1,000,000$ or more in cash net of loans. It is a growing number, increasing at a pace of 5% a year. It's obviously a minority but hardly something you can neglect.

...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.

China is changing, people are getting richer, China will be the new USA in terms of being the first world nation but they will act very differently.
LOL, only a few people are getting richer, most of people can't even afford the housing.
China will never be rich or strong as USA because it political.

The average salary and the medium salary are growing between 5 to 10% a year for at least the  last 15 years so most chinese enjoy a higher standard of living which is not the case in the US. The bottom went from starving to having a future.
hero member
Activity: 658
Merit: 500
December 22, 2014, 03:46:11 AM
...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.

China is changing, people are getting richer, China will be the new USA in terms of being the first world nation but they will act very differently.
The "rich" in china are very much a minority, even less of a minority then what the rich are in the US.

Not only that but the rich in china can almost always trace their wealth back to the government
sr. member
Activity: 462
Merit: 250
December 22, 2014, 12:45:11 AM
...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.

China is changing, people are getting richer, China will be the new USA in terms of being the first world nation but they will act very differently.
LOL, only a few people are getting richer, most of people can't even afford the housing.
China will never be rich or strong as USA because it political.
legendary
Activity: 2890
Merit: 1135
www.Crypto.Games: Multiple Games, Multiple Coins
December 21, 2014, 04:51:01 PM
As far as I know China own Usa for some time...debt over debt over debt...
sr. member
Activity: 378
Merit: 254
December 21, 2014, 04:39:33 PM
...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.

China is changing, people are getting richer, China will be the new USA in terms of being the first world nation but they will act very differently.

Bro, do you even read?  Look for the red text.
But keep cheering for China, they're certainly doing the right thing by protecting their economy from Bitcoin.  Communism IS the future! Smiley



hero member
Activity: 1022
Merit: 500
December 21, 2014, 04:26:12 PM
...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.

China is changing, people are getting richer, China will be the new USA in terms of being the first world nation but they will act very differently.
sr. member
Activity: 378
Merit: 254
December 21, 2014, 09:23:37 AM
...
The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

What country do you live in & [roughly] how old are you?
Telling people they'll get rich if they just "keep working hard" is clueless, sadistic, or both.
sr. member
Activity: 378
Merit: 250
December 21, 2014, 08:40:48 AM
LOL, as a chinese, I am still poor than most of american.
it's nonsense, if it can't make their own people benefit.

The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.

It'd "only" take about 110 million? Americans for the chinese to be richer. That's like 1/10th of China's population
hero member
Activity: 1022
Merit: 500
December 21, 2014, 08:21:52 AM
LOL, as a chinese, I am still poor than most of american.
it's nonsense, if it can't make their own people benefit.

The number of chinese that are richer than the average American is going up by about 10%/year so you will get there if you keep working hard.
sr. member
Activity: 462
Merit: 250
December 21, 2014, 05:51:52 AM
LOL, as a chinese, I am still poor than most of american.
it's nonsense, if it can't make their own people benefit.
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