This post was edited by sfphoto at 2017-4-13 13:07
dusty1 Post time: 2017-4-13 10:43
Still means nothing to me I see America as a war zone so nothing has changed
The difference between the poor in China and poor in the USA is this：poor Chinese have less money to buy things which they don't need to live while poor Americans have more money to buy guns and drugs which they use to kill themselves.
The US having reserve currency status and control over credit rating agencies and forex markets allows them to rob the value of Chinese peoples money. The time has come for the global community to agree on an orderly transition away from the USD as reserve and a transition to exchange rate parity and a global currency so that the money that a Chinese or African earns is worth the same as the money that a person earns in USA. The current system that USA sits atop of is robbing all of us that are not being paid in USD.
emanreus Post time: 2017-4-12 15:13
I have already pointed out in another thread that home ownership is no reliable indication of a people's wealth. in China it is pure necessity because the State does not offer housing whereas in Europe people rent apartments and sae their money. in China home ownership is pure speculation that excludes the vast majority.