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  • Chinese Stock Market Bottoms: What Should U.S. Investors Do? [View article]
    China is a good bet to become the future powerhouse economy of the world. The first thing wrong with those that disparage China is labels -- Communist and Capitalist. China is a conservative capitalist state with little debt, and a government run by non-elected representatives from various regions of China which pick the President (or equivalent). While semi-dictatorial and potentially dangerous, the history of Chinese culture has not been militarily very aggressive toward other countries. By contrast, the United States has been a capitalist-socialist state with an irresponsible penchant for maximizing debt, leverage, and pyramid schemes for the past twenty years. It is hopelessly paralyzed by citizens in debt up their eyeballs, corporations that rely continuously on borrowed money for operating capital, and a bankrupt government. While democratic in voting, the government is entirely run by lobbyists that have only their own self interests at heart. Economic recovery is being attempted by piling on even more debt -- which seems highly risky.
    Dec 06 10:14 am |Rating: +1 0 |Link to Comment
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