Post
Topic
Board Economics
Re: China and the US a la Munger: "Bitcoin is rat poison!"
by
Honeypot
on 21/12/2013, 07:46:03 UTC
Why China is the most important market of the 21st century.


America, a thing of the past.

America is a thing of the past. It is the biggest debtor with huge unfunded liabilities. Its citizens consume but save and produce nothing. They are deeply in debt. They are living of the dollars status and Chinese productivity. The US is becoming more and more socialist. Responsibilities are delegated to the government. The first question we often hear from US citizens is: "How can government help me?". The US dollar is being printed like it is going out of style.



Now this sounds very familiar for views towards United States of America, on more than several occasions in its entire history.

It's also interesting to note how this idiotic argument is virtually identical in motivation, tone, and 'rationale' to 80s 'japan takes over the world' or 'USSR takes over US'.


Worst of all, it cherry picks and embellishes its tone to the point of masturbatory bitchfest while ignoring all the advantages US not only enjoys but keeps advancing.

But of course, if they were capable of considering that, they will not be getting so ahead of  themselves Smiley