Presenting "Europe - Made in China"
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sankara
Members Posts: 33
In what would be undoubtedly be a major coup in geo-political dating history, 'broke' Ms Europe iis looking for a 'man' who can help her pay her bills. She wants a 'man' with lots of cash, is strapped, who doesn't take s**t and whose swag is recognized by boyz in the hood - pardon the pun!!
....weird thing is that the only man who fits the profile right now is some dude called..........CHINA!!
What?? But Europe never even even looked dude as being a serious contender. I mean truth be told this dude is creepy as hell. And no one knows where he got his cash - especially since some time back he was Mc Hammer broke. And dude always has some bad African broads in tow.
http://www.guardian.co.uk/commentisfree/2011/oct/30/china-global-financial-crisis-g20-cannes
Not only does China have the largest dollar reserves in the world, they also keep Uncle sam afloat buy constantly buying its T-Bills. Not content with that, China will prolly soon own Europe. Sweet!!! Its like having a menage trois with hot twins........Nice!!
So, Social Lounge, whaddaya think? Time to cut the losses, kiss the Chinese ring and move to Beijing and start playing the harmonica on the street?
....weird thing is that the only man who fits the profile right now is some dude called..........CHINA!!
What?? But Europe never even even looked dude as being a serious contender. I mean truth be told this dude is creepy as hell. And no one knows where he got his cash - especially since some time back he was Mc Hammer broke. And dude always has some bad African broads in tow.
http://www.guardian.co.uk/commentisfree/2011/oct/30/china-global-financial-crisis-g20-cannes
How China can save the eurozone
This is a historic moment for the eurozone. The sovereign debt crisis has put European monetary union in jeopardy and called into question the sustainability of the European project. Given the economic and political weight of the eurozone, the crisis has the potential to match the damage wrought by the 2008 US financial crisis on the global economy. So China should welcome last week's agreement in Brussels and, in advance of the G20's meeting this week in Cannes, consider using its wherewithal to lend a supporting hand.
Europe is China's largest trading partner and China is Europe's second largest trading partner. Their bilateral dealings were valued at €363bn last year. In 2009, the onset of global recession cut China's exports to the EU by 15.6%, resulting in a sizable surge in unemployment and factory closure in southern China. A deep financial crisis in the eurozone and the resulting reduction in spending would be felt particularly strongly in export-oriented provinces in southern China. To the extent that a supporting hand from China can contribute to a creditable resolution of the sovereign debt crisis and limit its negative impact on economic growth in the eurozone, there is little reason for China to stand on the sidelines.
Maintaining the euro as a reserve currency is in China's interest. China currently lacks the necessary institutions that would permit the country to adopt a floating exchange rate regime with free capital flows. The People's Bank of China, the country's central bank, isn't run as an independent monetary authority. And even its monopoly control over monetary policies can sometimes seem questionable. Under the prevailing institutional environment, China's only viable option is to maintain its currency peg, but add some upward flexibility on the exchange rate.
................*rest in article*...............
Not only does China have the largest dollar reserves in the world, they also keep Uncle sam afloat buy constantly buying its T-Bills. Not content with that, China will prolly soon own Europe. Sweet!!! Its like having a menage trois with hot twins........Nice!!
So, Social Lounge, whaddaya think? Time to cut the losses, kiss the Chinese ring and move to Beijing and start playing the harmonica on the street?
Comments
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china will fall from grace sooner than you think....
yes they may be the next superpower but they wont hold on to it for long.....and they cant sustain the growth becuz ppl in china want more money and want to live like the west...you can live like the west if you make more money and not the lil money they are given monthly....they want to own ? and want more freedoms....they have these ppl thinking freedom is some that happens over time and its not good right now.
anyway...when pplin china want more that will drive the cost of ? up...and the manufactoring jobs will need to charge more becuz the people want more money and the jobs will move to vietnam, or cambodia or some ? ...
its a nice country but fukk em
