Comments by "bighand69" (@bighands69) on "Trump unplugging Chinese banks will end China’s economy: Gordon Chang" video.

  1. The whole consumer argument with China is pure nonsense. Buy cheap goods on credit is not good economics. Nor is having trade planning that allow Chinese goods the competitive edge over American goods. Imagine American branded goods being produced in China at artificially lower prices. Anybody who brings up free trade should be laughed at.
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  2. It is a myth that you would be paying more. The US economy is far more productive than China. An average US workers output is far higher than a Chinese workers output. The US economy is far more productive.
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  3. Every economy in the world is based on fractional reserve banking. If the US goes down they all go down.
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  4. I wish you would not buy into propeganda. The US in 2018 owes China about 1.4 trillion and then China owes the US about 1.2 trillion so the balance is about 400 billion. Also the debt that the US owes to China is treasuries meaning the US could lower rates to 0% and the Chinese would not be able to actually make a profit. Also the debt that China holds against the US is a secured treasury meaning it cannot be called back on their terms but is issued on US government terms. It really is an investment for China.
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  5. The US military is bigger than Turkey, China and Iran combined. Modern warfare is all about air power. Ground Troops cannot advance without airpower. Also Naval power still matters no matter what people tell you. The China 2025 policy will give the Chinese an economic boost but would not be a basis for war. Also the US has an atomic capability that those other countries do not.
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  6. The whole cheaper china thing is nonsense. The cheaper that exists is an artificial price fixing arrangement that was ok in the 1970s when the figures were really small. Most US goods are priced high because of taxation and regulation. US industry is far more productive than China. The average US worker can output about 20 times more than the average Chinese worker through automation and technology. China is an economy built on a mirage. Most of this can actually be sorted out by the president and does not need new laws put through congress.
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  7. The whole China is cheap thing is nonsense. Chinese goods are cheaper than US because of the planned economy that is in place. Chinese goods do not receive the same level of regulations as US goods nor the same level of taxation. The US has just cut many of its regulations and taxes. And there is a second wave of tax cuts just about to happen and regulation cuts. As it stands right now US goods are just a fraction of Chinese goods and with some changes they will be producing goods of the same price but higher quality. The US economy outputs far higher levels of productivity than China. 10 workers in the US could out put 100 times more than a factory of Chinese workers.
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  8. WW3 China does not have enough Nuclear firepower to actually damage the US. People have been duped by nuclear weapons. They are powerful but they require a wide distribution to actually damage a country the size of the US. If China collapses it will be its own fault and it will mean a civil war in their own country. They will not be able to actually fight the US never mind the EU.
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  9. China and Russia cannot dump the dollar as it is the only thing holding up their economies at the moment. The dollar is in trouble but it is the only thing keep Russia and China afloat.
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