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haiguike

haiguike
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  • China's Giant Catch-22 [View article]
    Notice the "hai gui" part. Obviously I'm not in the U.S. anymore. I do agree with your statement on higher wages, but the U.S. was nowhere near its peak in the late 1800s. And during the late 1800s to the early 1900s, the rich got much richer than the middle class.

    During the industrial revolution, NYC was full of sweatshops and kids were encouraged to work to make addition income.

    I don't have the statistics to challenge to your claim on the U.S. having close to the highest GDP per capita. First thought that comes to mind is that the rest of the world was in shambles while the U.S. began improving drastically following the Civil War.

    By the way, I'm making more now that I'm not in the U.S. anymore, and my upside is now at least a hundred times higher now that I'm in East Asia.
    Jul 29 09:26 PM | 1 Like Like |Link to Comment
  • China's Giant Catch-22 [View article]
    But they already have. China has been exporting more to developing countries than developed countries since 2010.
    Jul 29 01:32 AM | 1 Like Like |Link to Comment
  • China's Giant Catch-22 [View article]
    Did you know that China's domestic consumption already produces more profits than exports? Did you know that over 55% of China's exports are now to developing countries and still gradually rising?

    China is now deliberately slowing down its economy and gradually shifting more towards domestic consumption.
    Jul 29 01:29 AM | 2 Likes Like |Link to Comment
  • China's Giant Catch-22 [View article]
    Oh, you mean like what USA did 100 years ago? Tariffs, protectionism, VAT, etc... Sounds very familiar.
    Jul 29 01:26 AM | 1 Like Like |Link to Comment
  • China's Giant Catch-22 [View article]
    And after the RMB increase by 50% in value versus the USD, U.S. politicians will still harp about the RMB being undervalued and destroying the competitiveness of the USD.
    Jul 29 01:23 AM | 2 Likes Like |Link to Comment
  • China's Giant Catch-22 [View article]
    Singapore has an authoritarian dictatorship. Are their citizens complaining? Why are so many Europeans and Americans spending millions of dollars to try to become Singaporean citizens?

    Have you been up to date on recent news in China? Citizens are violently protesting against local governments because of sweetheart deals that are polluting their water and air. Netizens complain ALL THE TIME on the forums and it is impossible for the government to regulate.

    Economic prosperity is more important than political freedom. How's democracy working out for Europe?
    Jul 29 01:17 AM | 1 Like Like |Link to Comment
  • China's Giant Catch-22 [View article]
    In the late 1800s, the U.S. did not rank very high in GDP in per capita either. It will take China many decades to catch up in GDP per capita. Also, GDP per capita is not an accurate measurement of wealth as a high percentage of China's economy is in underground cash.

    USA also experienced the same symptoms during its meteoric rise. The rich got richer and the poor got poorer in comparison to the rich. Not every country can be like Norway.
    Jul 29 01:14 AM | 3 Likes Like |Link to Comment
  • China's Giant Catch-22 [View article]
    You misunderstood. Ben Gee stated 2nd largest economy in the world, which is completely true. He never said it was #2 in terms of GDP per capita.
    Jul 28 03:30 AM | 5 Likes Like |Link to Comment
  • Is China's Economy Heading For A Crash? [View article]
    DL, two months ago I met an 87 year old Scottish man that came to Mongolia to collect art and look for investment opportunities. So you're right! You're still 87 years young!
    Jul 25 03:44 AM | 2 Likes Like |Link to Comment
  • How to Play Schiff's $5,000 Gold Prediction [View article]
    Such buying activity would cause the price of gold to skyrocket. Use common sense please. China participates in a lot of underground purchases precisely because they don't want to spook the market.

    One thing for sure is that China will buy a lot more gold if gold drops more.
    Jul 23 08:59 AM | 2 Likes Like |Link to Comment
  • How to Play Schiff's $5,000 Gold Prediction [View article]
    When gold was over $1900, did you think gold would go back down to the high 1500s? Most people have been calling $2,000+ gold for the past year. Gold pulled back by 50% in one year back in 1976, then skyrocketed over 400% to an all time high in 1980.

    I said gold could go down to $1,200, but I did not say it would stay at that price for long.
    Jul 22 05:37 AM | 1 Like Like |Link to Comment
  • Is China's Economy Heading For A Crash? [View article]
    Providing water to Mongolia and north China will be big business for many years to come.
    Jul 22 04:56 AM | Likes Like |Link to Comment
  • China Aims To Be 'Major Gold Trading Center' With Interbank Gold Trading [View article]
    That empire has already been created through diplomacy and trade. This is nothing new for China for thousands of years in history.
    Jul 21 04:34 AM | 2 Likes Like |Link to Comment
  • How to Play Schiff's $5,000 Gold Prediction [View article]
    Could be 10 years away and next year gold could go down to $1,200.
    Jul 21 01:25 AM | 1 Like Like |Link to Comment
  • America's 'Trente Glorieuses'? [View article]
    DL, what are your thoughts on corruption and wealth inequality in China? From what I hear from Chinese businessmen, they say that it is getting worse.
    Jul 12 04:28 AM | Likes Like |Link to Comment
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