Chinese Economics Thread

Gatekeeper

Brigadier
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Lol spoken like a true Free Market guy.

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The OZ is going to be in a lot of pain for no reasons other than support US China containment policy....... oh and add a bit of good old fashion OZ racism to boot.

But for what gain? To carry favour with US? Don't make me laugh. Last time round US was happily snapping up their soya bean exports from right under their noses.
 

Gatekeeper

Brigadier
Registered Member
Reason why you don't want a gold standard, yet...

That'll make them a superpower over night.

@Nobino

I think I've read that somewhere before, the economists or something. From memory, I think it goes on to say most of these are in the hands of private individuals as Indian brides gets this to wear as their dowry to wear them on their faces and all around their bodies for weddings. etc.

So the point is, unless the government starred a tax on it (which should ensure riotous act of rebellion) they are never to get their hands on it to use as reserves.
 
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Gatekeeper

Brigadier
Registered Member
If they are selling off over $200 billion worth of US Treasuries then they are letting the Yuan appreciate naturally with free market forces. Better for them to let it loose in a precise rationed manner than to keep the pressure bottling up.

Nor really, it really depends what you are buying in return. If selling dollars and buy gold or other currency. All this will do is to depreciate the dollar. I know it'll mean RMB rise. But it's not the same thing technically. Because against all other major currency, the parity remains. If you want RMB to rise on its own. It'll have to restrict supply of RMB.
 

emblem21

Major
Registered Member
The OZ is going to be in a lot of pain for no reasons other than support US China containment policy....... oh and add a bit of good old fashion OZ racism to boot.

But for what gain? To carry favour with US? Don't make me laugh. Last time round US was happily snapping up their soya bean exports from right under their noses.
It would take a complete collapse of the USA for Australia to see reason and a whole lot more punishment to finally get the government in Australia to see reason and a massive amount of riots due to lack of employment due to Scomos sucking of Trumps dick to finally get some decent change going. To be honest. I dont wish for the people to suffer but I would support the complete and utter downfall of the racist government and there stupid belief in white exceptionalism. This entire world build on America’s greed and lack of humanity that prevades all of its supporters needs to be completely destroyed and if it takes the USA to be hit by a complete economic collapse + pandemic becoming worse + riots going up exponentially + the San Andreas fault & yellow stone erupting, so be it, since it’s the only language they understand
 

AssassinsMace

Lieutenant General
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Love the lying and spinning. The only way they can domestically produce rare earths at home is to subsidize it. It will never be cheaper for them, It will always cost them more. Just like water always finds its own level, greedy corporations always find the cheapest possible place to outsource in order to make themselves more money. I remember when this whole rare earth controversy for the West first started, I would call it outsourcing and people would tell me it's not outsourcing. They don't call it outsourcing because there's an automatic reflexive reaction that it's bad and must stop. The US government and industry doesn't want it to stop. If they want to stop it and want to get everyone on board and act, then they should call it outsourcing. But for some strange reason they won't do it. Why? Because this is all a song and dance routine to also avoid saying they want Chinese to risk their health and lives associated with processing and refining rare earths so they don't have to pay Americans hazard pay and the high cost of health insurance for American labor that they would have to cough up to set up domestic processing. What they're really trying figure out how they can have control over Chinese rare earth production so they don't have to pay all those added high cost to protect workers' health that they would have to in the West. It's a conundrum that they will never solve because what they want is slavery. It doesn't have to be China, they can do it in another country if they can find one that will volunteer to be their slaves where they get nothing for themselves and the West is the only one that gains. You can see the obstacle there when they also claim to be the champion of human rights in the world.

And don't believe the lie where they claim reducing China's dominance to 60% of the rare earths industry saves them from Chinese control. Saudi Arabia doesn't control 60% of the world's oil yet a dominating player in the world oil market. China can still flood the world with cheap rare earths and the West will lose their shirt. Their mistake is thinking China wants to make money and will always want the price high. The West's own domestic production will raise world rare earth prices. If that were the case China could raise the price right now and not make them so cheap. If that were the case why was it a decade ago where the West rang the alarm bells and ran to the WTO because China wanted to reduce shipments to the West. Wouldn't it help their cause for domestic production if China forced them to do it? They lose their eyes on the prize when something more important is at stake and that's being the one in control.
 

horse

Colonel
Registered Member
i have heard about this a lot but to be honest i don't understand how this works. Normally it makes sense for gold to be exchangeable. But if indians have that much gold, why they can't use it?
Is there any grading problem involved.
It is mostly irrelevant.

Under the most recent gold standard, it was 1 oz of gold would be given from the gold reserves of the America, which probably meant the central bank, for $35 US dollars, until Nixon discontinued it.

It is kind of like saying that instead of going to the US Federal Reserve bank with $35 dollars to exchange for gold, the 1% would go to the Indian housewife association to get that 1 oz of gold for their $35 USD.

They only saying that to make themselves feel good about themselves. White liberals will do that.
 

horse

Colonel
Registered Member
Love the lying and spinning.
There are probably some rare earths they cannot find anywhere in enough quantities other than inside China.

They do not talk about that either.

That is why there will be no war between China and America.

America will run out of ordnance. And they know it.
 

Gatekeeper

Brigadier
Registered Member
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Love the lying and spinning. The only way they can domestically produce rare earths at home is to subsidize it. It will never be cheaper for them, It will always cost them more. Just like water always finds its own level, greedy corporations always find the cheapest possible place to outsource in order to make themselves more money. I remember when this whole rare earth controversy for the West first started, I would call it outsourcing and people would tell me it's not outsourcing. They don't call it outsourcing because there's an automatic reflexive reaction that it's bad and must stop. The US government and industry doesn't want it to stop. If they want to stop it and want to get everyone on board and act, then they should call it outsourcing. But for some strange reason they won't do it. Why? Because this is all a song and dance routine to also avoid saying they want Chinese to risk their health and lives associated with processing and refining rare earths so they don't have to pay Americans hazard pay and the high cost of health insurance for American labor that they would have to cough up to set up domestic processing. What they're really trying figure out how they can have control over Chinese rare earth production so they don't have to pay all those added high cost to protect workers' health that they would have to in the West. It's a conundrum that they will never solve because what they want is slavery. It doesn't have to be China, they can do it in another country if they can find one that will volunteer to be their slaves where they get nothing for themselves and the West is the only one that gains. You can see the obstacle there when they also claim to be the champion of human rights in the world.

And don't believe the lie where they claim reducing China's dominance to 60% of the rare earths industry saves them from Chinese control. Saudi Arabia doesn't control 60% of the world's oil yet a dominating player in the world oil market. China can still flood the world with cheap rare earths and the West will lose their shirt. Their mistake is thinking China wants to make money and will always want the price high. The West's own domestic production will raise world rare earth prices. If that were the case China could raise the price right now and not make them so cheap. If that were the case why was it a decade ago where the West rang the alarm bells and ran to the WTO because China wanted to reduce shipments to the West. Wouldn't it help their cause for domestic production if China forced them to do it? They lose their eyes on the prize when something more important is at stake and that's being the one in control.

Another utter nonsense from the West. As we all know, rare earth is actually not that rare. It's the processing and environmental costs that prohibits the West extracting and processing it.

So the bastion of free market America is going all government intervention and decided to subsidise and re-start their rare earth industry. Well good luck with that.

But here's my issue with that article which flies in the face of free market economics 101. Which states new entrants to an industry lead to increase in supply, and his should in turn lead to increase in consumption and decrease in price. So just how the hell the US is going to fly against basic economic theory by raising the world, and therefore the price China charges for rare earth?

Just who thought this up, Ron varra?
 

horse

Colonel
Registered Member
Just who thought this up, Ron varra?
There was a story a few years ago, where China would come out and say to the rest of the world that they encouraged more development of rare earth production.

The reason the Chinese gave that they thought they would use all of their own domestic rare earth production, and none left for export. So they were warning people who are customers to be aware.

That I thought sounded like total bullshit.

Maybe that all was really a test, a strategic test from CCP to see if the West really had any production capability with rare earths.

Regardless of the case, as the years roll by, we see the answer to that is no.

:)
 
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