i write this note for your own good, because what you wrote is ...
Too funny - excellent;
Unrepentant - puzzling;
Still not getting it - sad.
Show your math? The equations that show debt for interest on debt plus interest, spirally ever upward until not, ponzi style.
Here is the short version of what you should consider –
(i) China enabled its own reform, real income stepping up;
(ii) USA profligacy expedited China’s enabling;
(iii) China is a continental economy reverting to its natural mean, and doing so at speed, in some sense thanks to USA wastrelism, but hardly altogether accounted for by USA wastrelism;
(iv) USA is in effect bankrupt, rotting from the inside out, and there is preciously little to no time for its middle class to recover especially given the money grab by all against them, already stagnating for eons and now finally done in and/or destined to be done in by debt, leveraged on obligations, piled on interest owed, supported by thinning spin. but there is plenty of time to take down the surviving 50%;
(v) All events coming to mob democracy and spin-meister mobocracy’s inevitable and natural end, as the survivors of the 2008 pre-quake is led about blindfolded trying to recover what was never there, even as a greater storm gathers full punch.
and, as to ...
<<If the US defaults China loses the value of its investments,that wld just be tough luck>>
... precisely nothing happens to Wang3Cups, and absolutely everything will engage with Joe6Pack, a simple enough truth that should be intuitively obvious to the most casual of passing observers riding by in a hummer.
There are no appreciable W3C investment in USA.
T-bill holding by PBOC can go to zero, and so what? You do not actually figure that nations invest in nations do you? The schema is just a score keeping function until game over.
In the mean nasty time, there is spending to be done.
In the event of T-bill default, what do you suppose happens to J6P? same as what happened in zimbabwe and argentina? Are you looking forward to the experience? be patient.
regarding <<Witness that other Asian super-power-Japan-and its lost decade>>
... you still do not see the obvious, do you, that team usa is machinating hard to avoid japan's fate by doing a japan to the exponent of 10, and will surely arrive at the argentine outcome by way of the zimbabwe schema.
Ponzi convolution does have a natural and ordained end.
as to this <<No-one solves its problems faster than the US>>, it is the funniest.
Zimbabwe's problems are nearly done for, and
Argentina solves problems once every 10 years.
try rephrasing, as in this "No-one solves its problems with bigger still problems, in alignment with the usual ponzi schema, faster than the US>>
<<China's bigger problem>> is figuring out when its real income will double again, whereas USA's real issue is adjusting expectations downward without uttering a shreds of truth while monetary inflation does its insidious work, from the inside out, hopefully not noticed by those being cleaned out.
<<Caveat emptor comes to mind!>> indeed!
cheers, tj |
