doom and gloom

[petercastro]

Here is the truth, Ruth

Comments

[chocolatebark]

If you want to complicate things even more, look at how fast inflation is rising in China, which owns massive dollar reserves and keeps its currency artificially low in order to rake in the economic growth---if they have to unpeg their currency because of inflation, all those 'made in China' tags are going to become more expensive....

[petercastro]

I hear people say all the time that China's booming economy is unsustainable. Of course, they are right, but not for the reason most people think. You hit the nail on the head though, but China WILL have to eventually unpeg their currency, and that will slow down their boom for a bit, but they are already diversifying their trading partners way from us, so they realize that it has to happen sooner or later are are getting ready for it. Of course, when the prediction I make about the coming crisis of World Capitalism, China will be hit too because they survive by selling us cheap goods

[warriormakresh]

could you source those statements on the US government taking a proactive role in the economy?

[petercastro]

I don't really have the time nor desire to start digging out sources, most of which are dry economic statistics, but I will give you a short history lesson to further shed light on this which you can research for yourself if you want