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Subject:
China sustains breakneck growth rate with real money
Le Zookeeper
7/23/2009 3:15:32 AM
The Dragon still has feet!!
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YelliChink
7/23/2009 4:12:15 AM
What Peter Schiff doesn't know is that, commies spent most of the US dollars Chinese people earned in the form of:
1. As the deposit for printing RMB,
2. USG bonds,
3. equity for foreign investment.
Yes, commies have their own spending problem, too, on a even more ridiculous scale then Obama admin due to total lack of opposition and monitoring mechanism. Most of savings of Chinese workers have been squandered by commies already. It's only a matter of time before they will reach the end of the rope. Statistics from China is generally untrustworthy.
I put my bet on India.
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Le Zookeeper
Yelli
7/23/2009 5:03:22 AM
The Indian government is left wing spend spend too, in fact one of the currencies that hasn't appreciated a lot against USD is the Indian rupee, but Taiwan, Australia, Japan, and New Zealand are tops in asia-pac.
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YelliChink
7/23/2009 10:53:26 AM
The Indian government is left wing spend spend too, in fact one of the currencies that hasn't appreciated a lot against USD is the Indian rupee, but Taiwan, Australia, Japan, and New Zealand are tops in asia-pac.
Indian government has some serious deficit, but they aren't systematically robbing people's saving like commies do. If you look at those spending, you see that a lot was spent on infrastructure, which India needs urgently. You'll see the return from investment of infrastructure in five to ten years.
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Le Zookeeper
YelliIf anything India is slower to finish projects.
7/23/2009 3:09:54 PM
But keep wishing things are changing.
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YelliChink
7/23/2009 7:51:41 PM
You can praise the "commie efficiency." When the unintended consequences hit, you'll know that commie efficiency isn't cheap, and isn't efficient after all.
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