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China isn't going to magic up another stable economic system, nor would a move towards the renminbi as the reserve currency be of benefit to anyone but China. China does not give a poo poo about anyone else but China, and by all accounts they've committed to a merger between modern capitalism and one-party rule.
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May 23, 2017 09:55
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| # ¿ Apr 27, 2024 15:51 |
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Al! posted:hey any of u dumb assholes talked about bretton woods itt yet
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May 28, 2017 01:05
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There's a difference between worshippimg amerikkka, and just recognizing that China isn't going to save you, or the world, or China, or anyone else who isn't a ccp member/chinese business leader
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May 29, 2017 00:39
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Commerz posted:I was arguing that 50 years out from now it is possible. BRICS countries are going to be a very large part of the economy, and are already forming extensive rival governance institutions. I'm not really that interested in how posters here think that is ridiculous as many professional China scholars believe it is in the realm of possibility. Some of that is probably fueled by Trump hysteria and resent towards USGAY but it's not that outlandish to suggest rival China led institutions will become powerful. It's important to note that they're still developing and may be a less transactional partner in the future, while the US seems to be regressing into a shittier worse country and ally by the day. See the South China Sea stuff for just how much respect China has for anyone else (none).
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May 29, 2017 06:14
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Rip Alberta
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May 29, 2017 08:47
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Our love is a bubble, ready to pop, dropping me dead like a stockbroker
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May 31, 2017 07:26
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Housing is hosed because millennials can't afford housing, so they're delaying purchase But the tech bubble + foreign capital keeps it gong in certain places, but neither can last forever Tech will burst, and housing will die with it
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May 31, 2017 07:28
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| # ¿ Apr 27, 2024 15:51 |
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Bubbles are unpredictable by their nature, as soon as 'enough' people think it will pop, and act accordingly, then it pops, but you can't predict that ahead of time. But my guess is: it'll start with the public failing of some high profile tech companies. That starts a run, some tech bros have to sell up or whatever, and it spreads from there. But a pop isn't going to necessarily mean its a buyers market, far from it. The nature of econonic crises is that everyone is affected. In other words, don't think you'll get a home on the cheap, because you'll be finding yourself in money trouble as well. Millenials are, more than likely, never ever ever ever reaching the same level of home ownership as boomers. They and the next generation are going to be in poo poo, their entire life.
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May 31, 2017 07:42
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