Biggest Economy in the World

[Sarastro]

Oh man, you don't know what you just started there...

I'm just curious why so many people here have such anti-Chinese outlooks. Trying to find out.

[Lilas Pastia]

This thread has totally escaped me before .

I note that it originated at the peak of the latest economic  and stock market growth cycle. At the time Americans were happily burying themselves under mountains of goods acquired through borrowed cash. What's really sad is that, through the combination of an insurmountable appetite for consumption and appalingly stupid government and financial rules, trillions of $ of bad loans were sold as "investments" throughout the world. When the whole thing unraveled late in 2007 the mechanics of that financial disaster came into light to a stunned financial world. After 30 years of banking I thought I had been around greed and stupidity long enough, thank you. I would never have imagined that such ingeniosity and ingenuity in finding ways to make a good life could become so monstrously dangerous.

Reading the first couple of pages of this thread, I notice the cockiness of many posts and replies ("my cock economy is bigger than yours ). This is really sad. As a financial planner I see hundreds of hard working individuals whose savings are shrinking because of financial markets convulsions. Most of which are due to the hundreds of billions of $$ of worthless mortgages that have been repackaged and sold to foreign banks throughout the world. Talk about a pandemia: american households' appetite for goods is more damaging than AIDS. The ramifications of this financial disaster are just astounding. The "auction" bonds that mostly consist of contaminated loans and mortgages amount to 330 billions. Many banks are facing bankruptcy because they have been caught in this quagmire. Freddie Mae and Fanny Mac (that's a bank's  name??) will likely go under in the coming weeks. Unless the Bush government compounds its distastrous economic record by buying them back, therefore feeding the hard-working american people with the poisoned harvest of a bunch of Wall Street white collar bandits.

I'm old enough to remember the Michael Milken junk bond saga in the eighties. Same Milken is busy manning his prostate cancer foundation and is a major sponsor for Naxos' Milken Archive of American Jewish Composers series. His fortune is estimated at over 2 billions. He never served the prison term he was sentenced to for his racketeering schemes. I don't have much hopes about who will face what in some distant future. But I'm mad.

[Bonehelm]

I'm just curious why so many people here have such anti-Chinese outlooks. Trying to find out.

Because people have nothing else to do, so they start pulling random, ignorant, and downright retarded statements out of their asses and throw them out.

[Sarastro]

my cock economy is bigger than yours

How big? Dunno about the cocks, but my brains (i.e. Russian literature, music, visual arts, architecture, history) are much bigger. And the cock is actually growing bigger, too...

[lukeottevanger]

And the cock is actually growing bigger, too...

Then you need to calm down and stop taking this thread quite so passionately...

[Sarastro]

Then you need to calm down and stop taking this thread quite so passionately...

If you go to the previous page, you will see what "passionately" really means.
http://www.good-music-guide.com/community/index.php/topic,1649.msg44021.html#msg44021

[drogulus]

    Yeah, Hector, shut up! _{(maybe I should say "bugger off!", something those dumb Americans can understand!)}

   

[arkiv]

I think Russia, with a correct economical strategy in large term, has the potential to establish flexible markets.