Not my problem fortunately. In 2040, I'll be living easy in the sweet lap of government guaranteed Social Security.I take it you're not paying attention to the current political debates, right? Rick Perry, the front runner for the republican nomination says he wants to abolish it. Not for the current retirees, of course. And even democrats have been talking about raising the retirement age to 67.
Yeah, this does assume that China will continue to flourish during the intervening years - which is far from certain. China has at least two major problems quite apart from holding all those dollars: Political reform will happen one way or another, and economic growth will slow dramatically to support the elderly.Robots, comrade. Actually, they can solve both problems.
Cosmopolitan population, leisurely pace, less militarism, museums full of stolen art you'll never have to give back, sounds like a deal.Eh, the brits stole all the good art before we got there.
"According to Dr. Jerome Corsi, the U.S. government has already set up 257 "foreign trade zones" across America. These "foreign trade zones" will apparently be given "special U.S. customs treatment" and will be used to promote global free trade ..."I'm gonna take a pass on it also. There's something about nutty serial-liars that just makes them hard to take seriously.
The U.S. Citizenship and Immigration Service administers an immigrant investor visa program called EB-5. The program grants foreigners permanent U.S. residency in exchange for helping create U.S. jobs.The original article about Sinomach in Idaho was in the Idaho Statesman last December:
The program requires a $1 million investment in urban areas or a $500,000 investment in rural or targeted employment areas and the creation of 10 permanent jobs. The investment must also remain “at-risk” without repayment for a period of two full years.
A Chinese national company is interested in developing a 10,000- to 30,000-acre technology zone for industry, retail centers and homes south of the Boise Airport. Officials of the China National Machinery Industry Corp. have broached the idea — based on a concept popular in China today — to city and state leaders.Please notice that was "interested" and "broached." Later in the same article:
City officials were cautious, since the idea is at an early stage. 'We understand they are at a preliminary stage. We are waiting to hear back from them with a proposal for where they want to go from here,' said Cece Gassner, assistant to the mayor for economic development.They are still waiting. There was a follow-up article in the Idaho Statesman in June of this year:
Officials of the China National Machinery Industry Corp. have not followed up to city and state leaders about the long-term proposal they made last year. But the city has had a number of inquiries from 'conspiracy theorists' who have seen versions of my story that went viral on the Internet in the last month....The latest interest in the 2010 story started with a May 13 cover story in the The New American , which is affiliated with the John Birch Society. The article, 'China: The New Investment Savior,' by William F. Jasper, is an expanded rewrite of my story, adding many of themes that show up in the blog stories that have generated a flurry of e-mails and calls.Emphasis mine.
Chinese history is not remotely that simplistic. The power structure in China, though very different from the Western world, has been constantly evolving and changing, just as it has throughout the rest of the world in every culture. (And, please. The American Democracy was hardly a novel idea by the time it was introduced and implemented.)Well, it was never a democracy. Up until the 1900s it has always been an authoritarian top down government. It was pretty chaotic in the first half of the 20th century, but once things stabilized under mao it's been authoritarian since then. Taiwan didn't even have it's first elections until 2000.
China is buying the US, both in terms of debt and quite literally, building 50 square-mile self-sustaining cities in the United States for economic production.Crazy nonsense from a blog hawking gold and silver coins and emergency life kits and other nonsense. The loans china is giving us entail buying treasury bonds. It's not like the Chinese get to reposes the U.S. if we don't pay. It would pretty much destroy the global economy if the U.S. defaulted.
Perhaps that is why they are on a Gold buying spree -- They plan ahead, past the next quarter.It will be pretty hilarious when that bubble pops.
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Anyway, if the U.S. actually defaulted it would screw over the Chinese pretty hard.
posted by delmoi at 4:28 AM on September 12, 2011