<<You'd better HOPE AND PRAY that the US and China never come to armed conflict. What that happens, HK's usefulness as a economic "pipeline" to western trade and finance will then become a threat and your "island of freedom" will suddenly become your "prison of despair".>>
... your wrong premise leads you wrong once again, as it has for eons, given that should your feverishly imagined scenario plays out:
- russia would win
- hong kong would thrive (hong kong, as free and enterprising center, always benefits one way or another from all opportunities and all crisis, because we are truly flexible and genuinely able), and
- you would lose all you have as your credit ponzi schema blows up
- in the mean time, thanks much for soften up afghanistan, and handing over metal mountains of same, along with iraqi oil, and the loan to petrobra china oil venture :0)
<<Btw, did you notice we're not buying as much Chinese stuff? Down something like 15% in 2009>>
- did you notice that it not made one iota of difference to china, and less than zero of iota difference to hong kong, because you are disposable
<<Do you think this will improve in 2010 and beyond?>>
- your customer-ship has been totally discounted, on the one hand, even as
- your continued buying of essentials still must be, and
- when you no longer need essentials, the world would merely move on, for no one would need to engage with those who can no longer afford essentials
- news flash: the world has no need for bankrupted customers, and there would be no time to cry tears
- in the mean time, china stands by to supply rapid trains gereports.com to usa :0) get your stimulus wallet ready
<<If Mish's scenario plays out, I would doubt it.>>
- not familiar with scenario
<<We'll be looking at even more unemployment and the political hue and cry for protectionism is going to become difficult to ignore by US politicians. This will replicated in Europe as well.>>
- i am counting on more unemployment, figuring on protectionism, discounting political tyranny, reckoning capital control, embracing coming fiat money inflation, wanting to engaging with for sure debt reneging deflation, and all manner of chaos already baked in the cake of wastrelism creation
- confiscation, redistribution, fascism, evaporation, revolution, etc, all figured on, 100% bang on for sure, because we just need to fractally expand on the thoughts of the likes of you and all would be clear
- let us watch n brief
- just as i was ready in 2000 for what came after, i am similarly braced for what must come now
<<So who will China sell their stuff to?>>
... china did beautifully in 2009
... astutely
... creatively
... you must remember 5 truths: the chinese culture invented paper, ink, printing press, paper money, and banking (conduit for movement of capital, as opposed to that infernal machine of theft that be the likes of usa banking monstrosities)
... i.e. there is nothing the chinese does not know about paper money and its wonderful uses, especially when there is hardly any credit debt embedded w/i society
... china and usa are at different points of the debt super cycle. usa at usa circa 2010, china at china circa 2010 that is equivalent to usa circa pre-1900s
<<Btw, do you agree with some of the market pundits who are suggesting that China is an in a financial bubble that is growing increasingly closer to collapse??>>
- tell me another funny one ;0)
<<I hope you don't have the occasion to learn firsthand that those with no property often have nothing to lose in taking that property from you (or burning your property because of your bourgeois attitude)>>
- no one in hk would be without property, because the ones without would be moving
- otoh, the team usa banking infernal machine is efficiently creating a class of equity-free serfs, and so let us watch n brief what they do going forward. re joe stack, did he own the home that he burned down before he crashed 'his' plane into his civil servants’ office building? or did the bank own his home and plane, and he was pulverized in so far as excess savings and surplus capital went?
<<Never forget that the poor always outnumber the rich>>
- counting on that truth.
<<And since most rich people have no clue as to how to defend themselves (or eventually lose that knowledge)>>
- in hk folks hire the every trustworthy gurkhas news.bbc.co.uk from companies specializing in ex-british commando provisioning, courtesy of easy flow of people policy of our island's freedom of people movement
- and also depend on ability to go anywhere anytime unobstructed by non-existent officialdom
- besides, of hk's small civil servant population (130,000 serving 7 mm folks), 60k are for public safety - they are very good
<<they rely upon paying others to protect them, they will always be vulnerable>>
- the gurkhas are famously better than loyal Doberman in courage as well as loyalty, and besides, it is exceedingly difficult to be vulnerable when residing at a four seasons resort in thailand, maldives, or hawaii
<<I think it's safe to say that the soldiers in the PLA are not particularly keen on defending a increasingly indifferent financial elite>>
- hk civil servants gets their highest (and very high by global standard) pay point for life upon retirement, unless they lose their job before such retirement, and that policy makes the servants exceedingly dedicated servants
- there is also a garrison of people's liberation army very nearby on the peninsula where we live, and even though they have been here since 1997, we have only seen them during sunday morning soccer practice on their garrison's sport field where refugees kids from the world over play in peace and harmony. i am sure, under any dire conditions, the good pla boyz would rise to the task of protecting hong kong's very precious banking system.
<<In fact, I think this kind of the same thing that brought on the "Long March" in the first place, is it not?>>
- actually not. the long march resulted from evil usa intervention against grassroots china popular and democratic discontent, for and on behalf of hated dictator chiang, and resulted in victory against same intervention, resulting in today's china
;0) |
