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2010-05-27
, 13:30
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Posts: 446 |
Thanked: 114 times |
Joined on Jan 2010
@ Lake District, Cumbria, UK
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#11
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2010-05-27
, 13:34
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Posts: 337 |
Thanked: 283 times |
Joined on Nov 2009
@ NYC
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#12
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2010-05-27
, 13:51
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Posts: 4,384 |
Thanked: 5,524 times |
Joined on Jul 2007
@ ˙ǝɹǝɥʍou
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#13
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Perhaps China should not have been financing US debt but instead raising the living standard of Chinese people...
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2010-05-27
, 13:57
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Posts: 431 |
Thanked: 239 times |
Joined on Apr 2010
@ London
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#14
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2010-05-27
, 14:03
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Posts: 1,096 |
Thanked: 760 times |
Joined on Dec 2008
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#15
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2010-05-27
, 14:11
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Posts: 692 |
Thanked: 264 times |
Joined on Dec 2009
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#16
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2010-05-27
, 14:19
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Posts: 337 |
Thanked: 283 times |
Joined on Nov 2009
@ NYC
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#17
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That is one way the chinese government has been raising the living standard in China. Successfully, I should add.
...
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2010-05-27
, 14:28
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Posts: 4,384 |
Thanked: 5,524 times |
Joined on Jul 2007
@ ˙ǝɹǝɥʍou
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#18
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I fail to see how lending money (or giving goods for free) can raise anyone's standard in the short run. I would rather believe that the standards have gone up due to the fraction of the Chinese production that was actually paid for.
You cannot eat your lunch and have it too. If we are enjoying cheap gadgets in todays shitty economy, then someone else is paying the difference. If not the Chinese, then our kids.
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2010-05-27
, 14:35
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Posts: 337 |
Thanked: 283 times |
Joined on Nov 2009
@ NYC
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#19
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How do you interpret "lending money" btw?
They just give lent out the money for free, without interest, without any other strings attached?
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2010-05-27
, 14:54
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Posts: 4,384 |
Thanked: 5,524 times |
Joined on Jul 2007
@ ˙ǝɹǝɥʍou
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#20
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Well that is why I wrote "in the short run". And, whatever the interest is, I wish the Chinese good luck with getting their money back
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Tags |
bourdain licks, death bad, jobs sweaty blz |
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