Comments by "DrScopeify" (@drscopeify) on "Nobel Laureate Krugman: China's Economic Model Is 'Not Sustainable'" video.

  1. Its 34 trillion and not 37 and people like you said the USA has been crashing since 1929 but it only gets larger so its a failing argument. Debt does not mean a crash, it means the economy is expanding, debt = someone creating a new business, building a new house, right? If debt was bad it would not exist.
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  2. ​ @ttemp2631  Becasue that means USA GDP is only getting started so the debt means nothing
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  3.  @JonySmith-bb4gx  The Dollar is for sure the world reserve it is used in over 60% of all deals and the enemy of the USD is not Yuan it is actually Euro that has eaten USD market share, funny enough.
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  4. China needs to change to a Services based Advanced economy to be sustainable. The problem is that China has many competitors coming soon, you have India/Pakistan and then all of Africa which will provide cheaper manpower so China has to advance the economy above them.
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  5. That's not how it works, the USA is not competing with other countries over cheap labor prices but China is. Soon India and Pakistan then Africa, China will not be able to compete over cheap labor so it has to become advanced economy like Europe/USA and move up. China has to make airplanes not small gadgets to be sustainable.
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  6. Of course it is because look at the world economies that have yet to develop = more money going to Wall Street for decades to come. India, Africa South America, we have a very long road to go
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  7.  @SumTingWong888  Is that what you get paid to comment?
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  8. Yeah and people said that in 1929 but the USA has only ever grown the economy so maybe say that again in 100 more years LOL
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  9. That is not how it works, the USA is the world's #1 consumer economy allowing China to exports goods to sustain the Chinese economy, because Americans make money at work and spend money on items made in China and other countries, the money they use exits out of the USA economy leading to lower inflation, this requires the USA to issue more bonds as a result to maintain higher inflation, this is actually very normal and healthy. The USA can continue this way for a very long time and China benefits from it as it allows China to continue to sell goods to Americans at rising quantity even if the USA population is not rising that fast overall. China will have a hard time selling goods to other countries as they want to maintain local production and industry but the USA has sacrificed local industry for China's benefit as a 2-way deal.
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  10. The USA is not competing with other countries for being cheap to make goods but China is and that is not sustainable when India and Africa are much cheaper. China has to become advanced economy like the USA and export advanced goods, not cheap goods.
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  11. He dos not work for the US Government so your comment makes no sense.
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  12. People said that in 1929 but we are almost 100 years later so you will be saying that after you are gone??
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  13.  @redcapitalist  And then 3 years later was a big internet stock crash so he was right the 2000 internet bubble crash
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  14. He was 100% right, just 3 years later in the year 2000 with the internet bubble crash!!!! a lot of people lost their money. Investors went all in on internet companies but the returns took many more years to materialize. Every time there is new innovation it is always the same, people rush to invest before the income materializes leading to a bubble crash.
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  15. ​@trevorwebb448 No, Hyperinflation is not a random force of nature it is done on purpose by policy of not raising interest rates to balance inflation so why did Germany do it on purpose? It might have been to pay for re-arming German army, for rebuilding after WW1 and also on purpose to avoid paying back the Allies which demanded payment in gold requiring Germany to buy gold from other nations in exchange for currency which created inflation but it might have been done on purpose to force the Allies to take less gold for payment.
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  16.  @JonySmith-bb4gx  You are just throwing nationalist blank statements which is not good becasue you are lying to yourself for nationalist ideology but it is a fabrication and untruth. If you say lies it does not make it become reality right?
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  17.  @JonySmith-bb4gx  That makes no sense at all, there is no such thing as someone that supports a narrative in the USA because they are not getting paid by anyone, the USA is not China there is no national entity that forces pro-USA narrative that simply does not exist. The USA has people working for the Government with a job to do, you have elected politicians and that is it. Anyone else is just whatever they want on their own free will. The USA does not have any central planning like China there is no central narrative.
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  18.  @yiquny  LOL he is a bit old for that hahaha
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