China is, quite rightly, beginning to flex it's financial muscle, following a request from the Eurozone nations to back their rescue plan. This lesson in logical economics is recommended by the head of the Chinese state's overseas investment arm, Jin Liqun. Chairman Liqun suggests that Europe gets it's working house in order, cutting back on welfare, and working for longer; in both hours per week and years before retirement. Most of us understand that the money for all these welfare excesses simply does not exist.
Britain can do this quickly, by exiting from the European Union. All that is required is enough political will; we know that the majority of the electorate would be behind the Government.
From hereon, China will dominate the world financially, because it holds the largest cash mountain. This occurred because the West, particularly the USA and Britain, started to overpay themselves, which automatically expunged them from the market place. So China's wealth came from the western nations.
The real problem lies in the initial decision that we will have to pay ourselves less, or produce goods much more efficiently; otherwise we will only push the problem further down the road, ultimately turning it into a disaster.
ARE WE READY FOR SINO IMPERIALISM?
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