Hey.
I've just been reflecting on something that I think is a major political event. The pressure being put on China to raise it's currency.
Background (for those who don't know, probably not too many.)
For many years, business's have been using China as wage- slave labour. A lot of stuff is 'made in China.' The Chinese governments and various other establishments have a great interest in this arrangement. To keep the business interest in China the Chinese have been artificially squashing down their currency conversion. The thrust of the reason why the pressure is being put on China by the IMF seems to be that China's currency is upsetting almost all others including the US and all of Europe.
Some of the trends that are most likely to follow from this are:
1: The money the Chinese civilians and upper classes are making will suddenly lead to more imports to China, possibly increasing the value of life for more Chinese.
2: Chinese entrepeneurs will suddenly start buying up western companies with this new money.
3: This might not be good for the US debt to China.
These trends could (could) lead to a significant change in the balance of power and for new interests (Chinese business) to start affecting those on the world stage. There could be shifts in culture if Chinese start buying up media industries, and those currently in power in the Western world (in the business sense) are obviously under threat.
In discussing ('if') can we keep away from things that single individuals have said about the future that essentially can't be proven (I.e. alien disclosure), thanks.
I've just been reflecting on something that I think is a major political event. The pressure being put on China to raise it's currency.
Background (for those who don't know, probably not too many.)
For many years, business's have been using China as wage- slave labour. A lot of stuff is 'made in China.' The Chinese governments and various other establishments have a great interest in this arrangement. To keep the business interest in China the Chinese have been artificially squashing down their currency conversion. The thrust of the reason why the pressure is being put on China by the IMF seems to be that China's currency is upsetting almost all others including the US and all of Europe.
Some of the trends that are most likely to follow from this are:
1: The money the Chinese civilians and upper classes are making will suddenly lead to more imports to China, possibly increasing the value of life for more Chinese.
2: Chinese entrepeneurs will suddenly start buying up western companies with this new money.
3: This might not be good for the US debt to China.
These trends could (could) lead to a significant change in the balance of power and for new interests (Chinese business) to start affecting those on the world stage. There could be shifts in culture if Chinese start buying up media industries, and those currently in power in the Western world (in the business sense) are obviously under threat.
In discussing ('if') can we keep away from things that single individuals have said about the future that essentially can't be proven (I.e. alien disclosure), thanks.