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-------- Original Message --------

Subject:	Depression Economics: Two Good Reasons Why China Would Do Much Better Than America, democratic Europe and India
Date:	Thu, 12 Jul 2012 14:20:32 -0700
From:	Jas Jain

Depression Economics: Two Good Reasons Why China Would Do Much Better Than America, democratic Europe and India

1. It is a near certainty that most democratic countries would do relatively far worse, economically, than China at the onset of the global depression. This would engender great support for the Chinese govt among the Chinese population. At the same time the democratic govt frauds in America and India would hit new low in popular support. How did American dopes forget their Shakespeare: Neither a borrower nor a lender be? Oh, they the listened to the group of people bred in the culture of deception, fraud, and manipulation and put them in-charge of manipulating the economy. The Greek tragedy is embanking on a journey to America via France, the UK and Ireland.

2. China has Das Kapital! Morons like Paul Krugman and Dick “Reagan showed that deficits don’t matter” Cheenee (means Chinese in Hindi) believe that having a huge debt is not a problem. In a depression China and other creditor nations would dictate the terms. American dopes have been sold and debt slaves! One can only guess by whom.
Jas
PS: In terms of the native intelligence, the Chinese are smarter than Americans and lot smarter than the Indians. On top of that democracy turns otherwise smart people into stupid. And it shows.

-------- Original Message --------

Subject:	Re: Two Good Reasons Why China Would Do Much Better Than America, democratic Europe and India
Date:	Thu, 12 Jul 2012 15:44:02 -0700
From:	Jas Jain

Re: Two Good Reasons Why China Would Do Much Better Than America, democratic Europe and India

To: jas_jain
Subject: Re: Depression Economics: Two Good Reasons Why China Would Do Much Better Than America, democratic Europe and India
Date: Thu, 12 Jul 2012 14:41:39 -0700

China has Das Kapital!

Careful, Jas. The oft-reported large cache of reserves held by the PBoC are to a great extent dedicated reserves against US firms' assets in country which cannot be directly converted to foreign currencies except by way of swapping renminbi for US$'s via the PBoC and Fed.

All assets in China are subjected to the pleasure of the Chinese govt. PBoC has the upper hand in negotiations with the Fed. Bernanke is not known for being a good poker player. I bet that the Chinese central baker is a much better gambler.

Moreover, China's debt to GDP is MUCH LARGER than is reported, thereby grossly underestimating the risk of a debt-deflationary regime as Chinese demographics turn down hereafter and US firms pull their money via the PBoC and Fed.

Don't forget that under the communist system the private and public wealth are "the same" while in American system the wealth is private and debt is public. Also, the gains are private and losses are public. I think that we would understand the two systems much better when subjected the real crisis during the global depression that is only few quarters away.

Finally, China will become increasingly dependent upon, and thus constrained by, food, energy, and water hereafter.

More than the rest, especially India? Chinese have worked much harder to secure the resources than Indians.

Don't fall for the nonsense being espoused by self-interested Sinophiles at GS, MS, JPM, and HSBC talking their book.

You forgot JJ and I am not talking my book, which is empty.

 China is a four-letter word: SELL!!!

I agree. And so are America and Europe and India. We are talking about relative winners and losers and two sure losers are America and India, both full of dope dealers and dopes. China has lot to prove while American morons like Krugman have lot to teach to others! Fatal Conceit!! (Title of a book by Hayek).

Relatively bullish on Communist China and bearish on most democracies,

Jas

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