Freedom of speech & Western hypocrisy.

[arshad5]

Re: Freedom of speech & Western hypocrisy.

@Jamal_Sharif

Mr.Ashad5 - you said 20% and Mr.Mercenary proved it was only 7%. It is you who should be admitting your mistake instead of obfuscating the issue.

I am not clear what the point you are trying to make about the US economy and dollar is but since I am very connected with it I will tell you this - US economy, especially industry, has been very mishandled for decades now. A large group of Americans have also got very used to easy money, easy hand outs, easy TV, easy food and easy everything. We Americans have to and are beginning to pay for it. That is the economy. A lot of dollars are being printed - it will lead to inflation of some sort.

BUT

countries like Japan and China who hold a chunk of US bonds and dollar assets have no choice but to continue doing so. Especially China because no other market can replace the demand for Chinese goods other than the US. Well, India can but won’t. That means if China stops exporting to the US, China has to shutter its export oriented manufacturing and send back millions of workers into poverty. (If you study Chinese history, you will agree that when that happens China explodes into revolution). So China continues to export to the US and ofcouse US prints more dollars to pay China. Now what does China do with these dollars? Buy stuff - such as African mines, South American Railroads and yes - American bonds. You will notice that none of these can a) happen without US dollars and b) can be transhipped physically to China. So the mutual dependency continues.

Last year China tried to cut this cycle by stopping to buy US bonds - they returned to the market within 3 months because there was nothing else worth buying anywhere else in the world. Euros were worse and nobody else would accept China’s own manipulated local currency.

Mercenary did not prove anything. He directed me to site and said that the figure of 7% was claimed there. For the sake of argument I took that lower figure and said that even then Jews are over-presented in the Congress and Administration.

Yes I agree with you that the good ole days for the U.S will finish sooner or later, at some stage the easy money will dry up and the U.S will have to give something to the world in order to get, as opposed to getting things for free now. It knows that period is coming and has been trying to prepare for that period.

I understand your point about the dollar keeping the wheels of the global economy, but my point is not that, but that the U.S is getting most of the things from the rest of the world for free. Although it does provide some service for the rest of the items that it obtains from the world.

The U.S has the largest reserves of oil in the world but is not using them as it wants to use and exhaust the free oil in the middle east first.