Quote from: Edward50 on December 15, 2013, 04:31:10 AM

What is interesting about china is that every body complains about them. They rob our jobs etc.

Actually people do not understand economics very well and do not understand that china has propped our economy up so much with cheap goods and buying our debt. In a way they are just handing us free stuff. It is like if we had a robots here building the stuff for free.

China keeps getting burned though.

But you have to also understand they also stole all our ideas on how to build all these goods and build their economy. If it was not for our technological advancements they would probably be nothing. So they gained and we also gained.

So you can look at this both ways.

+1 Agreed.

I like to add though, that in the past 5 years the U.S Federal reserve has been printing Trillions of U.S dollars. The chart for the money printing now looks like a hockey stick.

So in the last 5 years, China has gotten really screwed by the U.S.A.
China owns over 1 Trillion dollars of U.S Treasuries, and as the bankrupt U.S government prints more money, it puts itself further into debt heading toward default and eventually will not even be able to pay interest to investors/holders of U.S bonds/treasuries like China, Japan and Germany (3 largest holders of U.S debt). So you see, it's not just China that is going to be screwed.

Think about it, if you bought bonds from a bank and the bank defaults and you lose your interest and principle (all your money) investment. Are you going to be happy?

That is why the world is the way it is today, because the U.S government spent tomorrows money today, and it got worst from president to president, they just wracked up the credit card with no intention to pay back. This will eventually lead to "WAR". Why do you think the U.S is in middle east, why do you think tensions are rising between Japan and China. A war is being instigated, trying to coax China into a war.

Any, how does all this relate to Bitcoins.

Bitcoins is a store of value, similar to gold. This comparison has been made several times by finance writers.

The world's geo-political situation is getting worse, and if you can see the writing on the wall ... a United States major devaluation of the dollar or default is coming. RESET. This can lead to war and other bad economic events to happen.

In an environment like that, what are people going to do? Look towards history.

- People will use their money to buy things of value, because if the U.S dollar doesn't survive, gold and silver will and possibly Bitcoins and other crypto currencies. During a reset there is also "confiscation of GOLD".
- People might by Bitcoins because it will be harder to confiscate....who knows.

The really long term view is that if and when the SH!T hits the fan, those stores of value will go up in price significantly.

Just my 2 cents....and there is a chance I may be completely wrong.

You can learn more about the U.S economic situation by taking a course , link below:

http://www.peakprosperity.com/video/218/playlist/153/chapter-1-three-beliefs