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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (543744)	10/20/2013 9:53:08 AM
From: skinowski	6 Recommendations of 793931

The Chinese remind me of an English 19th century merchant standing outside one of his rich creditor's house's in London, trying to get paid. The Chinese, in the course of a single generation, were able to move hundreds of millions of people out of their Stone Age countryside subsistence, and into the 21 century. Their people are getting a much better education than ever before, and they have learned not to be satisfied with a couple of cups of rice a day. They have learned crucial working skills and habits. Even if they won't get 10 cents on the dollar for their US bonds, they have already received something far more important. They are the great train that has left the station. You gave good explanations as to why major inflation has not taken place yet -- but they may not hold in the future. The US is still perceived as the most stable big nation, and rightly so - but that may be eroding. So far we have great deflationary pressures, which help contain prices - but there is enough money parked out there which has the potential to overwhelm the system in case of a panic. We are not immune.

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