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This Guy in the above video is a book peddling idiot.
China sold 50B of Treasuries just last week!! He said China can’t sell them.
China should keep this up to raise their dollar which will give them more buying power in the current tanking global economy to buy global commodities. US treasuries are being snapped up by everyone else freaking out about Europe it’s perfect for China to sell now, they are shrewd traders.
Further, this nob in the video claimed it’s easier to start up a business in China than the US.
Total rubbish.
You have to be a connected China man to get any significant business off the ground.
Foreign investment is raped and gutted in China and normally fails. Pretty much the only foreign thing that has worked is the use of China’s labor force and that has just led to mass counterfeiting and stolen technology - fake, copy cat factories which compromise the original foreign brand even fake Apple stores.
Take Google for example, it was allowed to enter the Chinese market with excessive regulation, pay offs and constant government censorship and spying then was ripped off by Government controlled Baidoo, then manipulated into irrelevancy, as was Fosters, Telstra etc etc. All losing Billions for their efforts.
That’s not how the US works believe it or not.
It’s also not what will ultimately work in the end either.
I'm boaring myself crapping on about China don't think I can stomach much more of it.
If it's not obvious to you by now well

<blockquote data-quote="notting" data-source="post: 664959" data-attributes="member: 21105">This Guy in the above video is a book peddling idiot.China sold 50B of Treasuries just last week!! He said China can’t sell them.China should keep this up to raise their dollar which will give them more buying power in the current tanking global economy to buy global commodities.&nbsp; US treasuries are being snapped up by everyone else freaking out about Europe it’s perfect for China to sell now, they are shrewd traders.Further, this nob in the video claimed it’s easier to start up a business in China than the US.&nbsp; Total rubbish.&nbsp; You have to be a connected China man to get any significant business off the ground. Foreign investment is raped and gutted in China and normally fails.&nbsp; Pretty much the only foreign thing that has worked is the use of China’s labor force and that has just led to mass counterfeiting and stolen technology - fake, copy cat factories which compromise the original foreign brand even fake Apple stores.Take Google for example, it was allowed to enter the Chinese market with excessive regulation, pay offs&nbsp; and constant government censorship and spying then was ripped off by Government controlled Baidoo, then manipulated into irrelevancy, as was Fosters, Telstra etc etc.&nbsp; All losing Billions for their efforts.&nbsp; That’s not how the US works believe it or not.It’s also not what will ultimately work in the end either.I&#039;m boaring myself crapping on about China don&#039;t think I can stomach much more of it.If it&#039;s not obvious to you by now well <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite11" alt=":rolleyes:" title="Roll Eyes&nbsp; &nbsp; :rolleyes:" loading="lazy" data-shortname=":rolleyes:" /></blockquote>

[QUOTE="notting, post: 664959, member: 21105"] This Guy in the above video is a book peddling idiot. China sold 50B of Treasuries just last week!! He said China can’t sell them. China should keep this up to raise their dollar which will give them more buying power in the current tanking global economy to buy global commodities. US treasuries are being snapped up by everyone else freaking out about Europe it’s perfect for China to sell now, they are shrewd traders. Further, this nob in the video claimed it’s easier to start up a business in China than the US. Total rubbish. You have to be a connected China man to get any significant business off the ground. Foreign investment is raped and gutted in China and normally fails. Pretty much the only foreign thing that has worked is the use of China’s labor force and that has just led to mass counterfeiting and stolen technology - fake, copy cat factories which compromise the original foreign brand even fake Apple stores. Take Google for example, it was [B]allowed[/B] to enter the Chinese market with [B]excessive regulation, pay offs and constant government censorship and spying[/B] then was ripped off by Government controlled Baidoo, then manipulated into irrelevancy, as was Fosters, Telstra etc etc. All losing Billions for their efforts. That’s not how the US works believe it or not. It’s also not what will ultimately work in the end either. I'm boaring myself crapping on about China don't think I can stomach much more of it. If it's not obvious to you by now well :rolleyes: [/QUOTE]

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