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Thread: Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

  1. #41
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    Re: Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

    Quote Originally Posted by American View Post
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    I like this, because eventually China will get in over its head. I remember when Japan got cocky with its new money, and got its lunch eaten for stupid investments.
    Yep

    You know - at one point in the not to distant past we were the country that everyone was borrowing money from - and look how quickly things changed.

    China's wealth comes from it's labor-sector.
    More recently this sector has become disenchanted with being the labor-force of the world - and are demanding higher pay among other things - some workers have gone on strike - and quit ea few companies are leaving china altogether.

    Companies who deal in China are also suffering financially from the money-saving Chinese Standard - aka - crap. Which has cost millions in litigation and liability payouts.
    Last edited by Aunt Spiker; 12-24-10 at 12:15 AM.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

  2. #42
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    Re: Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

    Quote Originally Posted by apdst View Post
    The Commies are going to take over the world, without firing a shot.
    And you'll realise how much better off we all are for it.

  3. #43
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    Re: Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

    Quote Originally Posted by Le Marteau View Post
    And you'll realise how much better off we all are for it.
    Oh sure - because the countries who've opted for Communism have so totally improved everyone's lives and become exemplary.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

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