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Wallace Noll @Wallace_Noll
, 18 tweets, 5 min read Read on Twitter
China is running circles around USA in terms of economic development and building prosperity for their people;
China has a superior monetary system, they create new money & manage their money supply in a superior manner; they use public banking like the original pre-1765 13 American colonies did;
opednews.com/articles/Fundi…
China has a publicly owned fiat currency system, they create new money for the public benefit; This enables them do quantitative easing and focus the new money on conquering targeted industries; money is lent repeatedly for that purpose and the loans simply forgiven, written off
China creates new money for infrastructure, they don't worry about taxing their people for infrastructure, they have 3-4 banks who automatically build infrastructure without taxes; this is why they invest more than 5 times what US does in infrastructure and without taxing;
America does quantitative easing for the sake of propping up over-valued financial bubbles, the new money becomes the property of rich people who did not earn it and America gets nothing but a bubble propped up in return for it, no real new business development at all;
China's universities and media are not dividing their country up with identity politics and impossible internal rivalries; We can't even agree that acting in the American interest is a good thing;
China isn't constantly bleeding itself with global wars that don't even benefit them; The US Dept of Defense is primarily interested in enriching corrupt contractors & stealing money, they don't even focus on defense;
missingmoney.solari.com
American foreign policy is not focused on anything related to the American interest.
davidstockmanscontracorner.com/america-first-…
China is running circles around America at economic development; Americans love to under-estimate and mis-comprehend this ongoing trend;
thechinamoneyreport.com/2017/10/04/hon…
Our media loves to reassure us that Chinese wages are super-low; it is a lie, like much else that comes from our media; the Chinese are making extreme progress over time;
thechinamoneyreport.com/2016/01/07/u-s…
China dominates in rare earth mineral production because their smart leadership focused resources on it over time while our stupid leadership simply did not protect the advantages we had; now we are dependent on them to produce hi-valued goods;
zerohedge.com/news/2018-04-0…
America's financial leadership was extremely willing to invest heavily in Chinese production, while they knew from the beginning that China was going to take the intellectual property and over time undermine our ability to produce anything;
We underestimate badly we're hurt by the unbalanced trade relationship; It's a 3 or 4 to 1 ratio of chinese exports to US over US exports to China; we're not trading, we're being exploited;
epi.org/publication/bp…
US leaders say we have 1 million new legal immigrants a year in order to create jobs while the labor participation rate falls; China says it needs for its domestic population to grow while they are fully participating in their economy;
thechinamoneyreport.com/2018/03/14/chi…
China excels at real production, America excels at financial bubbles;
China has 203 supercomputers, America has 143;
Breakthroughs confirm China's rise as a global high-tech player
chinadaily.com.cn/china/2017-10/…
China is focused & determined to protect its industry; America's efforts to protect industry are unintelligent & not sustained; the future belongs to China;
thechinamoneyreport.com/2017/08/28/tru…
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