141–150 of 177 posts
Earlier quoted context omitted.
A gallon of baijiu is a life time supply of baijiu, dependent on intake rates.
Less than 4 liters of any alcoholic drink, including pure 100% alcohol, sounds like a month-long supply at the very best.
= free auto-gas supplement.
Or home heating.
Earlier quoted context omitted.
Once China reverses its mercantilist policy that % will plummet and the US will suffer very high levels of inflation. That will probably happen once corruption in China becomes manageable, the Chinese stop moving their assets offshore and the US has no industrial technological advantage any more (i.e. once China can make equivalently good airplanes and microprocessors).
You mean the Chinese government will stop protecting their currency and hurt their export? That isn't likely to happen soon even though other governments want them to float freely rather than in a price band. China doesn't hold enough USD to hurt the US economy without hurting themselves even more seeing as the bonds are non-callable by the buyer.
Right. Exactly like the US does right now.
>China doesn't hold enough USD to hurt the US economy
It isn't about who holds the little green bits of paper. It's about who can turn off the wealth spigot.
The US would experience a huge bout of inflation right now if China decided to just float, it's just that China would probably suffer too. Once the US has nothing China wants (soon) they will have no reason to keep giving us a bargain on their imports.
A friend of mine from China was showing me an article in Chinese about the Huawei website (huge site like Amazon + Apple + FedEx) . They have 300 sub stores/warehouses just in his city they are for stock piling popular items. A man ordered something from the Huawei website at midnight and he received the package 12 minutes later.
Earlier quoted context omitted.
You mean the Chinese government will stop protecting their currency and hurt their export? That isn't likely to happen soon even though other governments want them to float freely rather than in a price band. China doesn't hold enough USD to hurt the US economy without hurting themselves even more seeing as the bonds are non-callable by the buyer.
>You mean the Chinese government will stop protecting their currency and hurt their export? Right. Exactly like the US does right now. >China doesn't hold enough USD to hurt the US economy It isn't about who holds the little green bits of paper. It's about who can turn off the wealth spigot. The US would experience a huge bout of inflation right now if China decided to just float, it's just that China would probably…
Earlier quoted context omitted.
>You mean the Chinese government will stop protecting their currency and hurt their export? Right. Exactly like the US does right now. >China doesn't hold enough USD to hurt the US economy It isn't about who holds the little green bits of paper. It's about who can turn off the wealth spigot. The US would experience a huge bout of inflation right now if China decided to just float, it's just that China would probably…
I've been reading this argument since at least 2003.
Trends that continue for a long time do not continue forever. That goes double for things that look like a free lunch.
As a European that takes in a good bit of american business reporting (doesn't everyone?), I'm kind of amused and surprised at how China's rhymes. The common sense understanding of a consumer driven economy, the fantastical scale. I sort of imagine that to a caricature of an old americana businessman, this sale is a significant event. The quantity of the chinese market (even per capita, by the satisfyingly physical m…
> quote attributed to Stalin
Actually, that was comrade Hegel at the source of the idea, but the marxists did run a lot with it, mostly into the ground ...
https://encyclopedia2.thefreedictionary.com/Transformation+o...
"[...] a basic law of materialist dialectics, according to which a change in the quality of an object occurs when the accumulation of quantitative changes reaches a certain limit."
According to Bloomberg they were processing over 1/4-million transactions per second. What are they doing that Bitcoin and Ethereum can't do? https://www.bloomberg.com/news/articles/2017-11-10/alibaba-s...
Not running transactions against a massively distributed blockchain using a proof of work system?
According to Bloomberg they were processing over 1/4-million transactions per second. What are they doing that Bitcoin and Ethereum can't do? https://www.bloomberg.com/news/articles/2017-11-10/alibaba-s...
Um, not requiring a Proof of Work / Proof of Stake?