China Threat? Bloomberg tells Americans to blame it on themselves

[Aeon]

America should stop blaming its problems on other countries such as China, and instead focus on its own practices. That's the message from New York mayor Michael Bloomberg, who was addressing a meeting on climate change in Hong Kong. RT talks to Istanbul-based journalist Richard Peres.

--RT

YouTube - China Threat? Bloomberg tells 'ignorant Americans' to blame it on themselves

 

[Chinese-Dragon]

If America wants to use China as their "bogeyman" then so be it.

It is their own loss... It will just stop them fixing their REAL problems.

 

[AZADPAKISTAN2009]

American companies are to blame for their own downfall they outsourced work to India etc so they wanted to make short term profit they did now their economy suffers

Corporations wanted to start IRAQ/AFGHANISTAN wars so they could go and rebuild it or charge gov legally they did and they stole all billions invested there and ppl are now living in UAE

Americans themselves bought homes valued at 500,000 USD with salaries of $20/hr becasue some greedy sales man sold them mortgages

When jobs went bye. bye.... they got their arses kicked , China helped US by buying bonds , instead US gives india all sweet deals

I think US is misguided in term of loyalty they also backstabbed pakistan

US automotive industry went bye bye, in 80s , and then IT sector suffers .. the trend is continuing in all area of life ...

The SAME select ellite are still rich ... they are just moving their assets safely to other countries they don't want to risk all their assets in US economy so they invest in multiple countries

All in all Americans ellected idiot bush and then liar obama so they are to blame for their own MEDIA based elections

 

[pmukherjee]

American companies are to blame for their own downfall they outsourced work to India etc so they wanted to make short term profit they did now their economy suffers

Corporations wanted to start IRAQ/AFGHANISTAN wars so they could go and rebuild it or charge gov legally they did and they stole all billions invested there and ppl are now living in UAE

Americans themselves bought homes valued at 500,000 USD with salaries of $20/hr becasue some greedy sales man sold them mortgages

When jobs went bye. bye.... they got their arses kicked , China helped US by buying bonds , instead US gives india all sweet deals

I think US is misguided in term of loyalty they also backstabbed pakistan

US automotive industry went bye bye, in 80s , and then IT sector suffers .. the trend is continuing in all area of life ...

The SAME select ellite are still rich ... they are just moving their assets safely to other countries they don't want to risk all their assets in US economy so they invest in multiple countries

All in all Americans ellected idiot bush and then liar obama so they are to blame for their own MEDIA based elections

Sorry to say this but leaving aside your undying love for China, exactly how much do you actually know of what you are commenting on?

Most of the job losses in the US have been in the manufacturing sector and those jobs have gone to China, Taiwan, South Korea and not to India. The jobs which have come to India, mainly in the service sector are minuscule in comparison.

What sweet deals did America give us, pray tell. India is buying American products and paying for them in hard cash. 50,000 Americans will get employed as a result of these purchases. Indian balance of trade with the US being already one sided will be further unbalanced by these deals.

China did not purchase American Treasury Bonds as a favour to America. Who told you otherwise? China bought them as they were a good investment and, even with the falling dollar, US Treasury Bonds are still a good investment, although the some of the shine has gone off from them. So let us stop this childish 'China helped US by buying bonds' stuff.

Yes Americans are largely to blame for the state which they are in. Yes corporate greed has a lot to do with it. But that is how capitalism works.

 

[Chogy]

Corporations wanted to start IRAQ/AFGHANISTAN wars so they could go and rebuild it or charge gov legally they did and they stole all billions invested there and ppl are now living in UAE

This especially is a basic parroting of propaganda that has its roots in the 1950's, the cold war. The cabinet meeting that launched the invasion of Iraq, for example, DID NOT have representatives from Boeing, Lockheed-Martin, Northrop-Grumman, and others, present.

Lockheed cannot declare war, nor does it command troops.

 

[Chinese-Dragon]

China did not purchase American Treasury Bonds as a favour to America. Who told you otherwise? China bought them as they were a good investment and, even with the falling dollar, US Treasury Bonds are still a good investment, although the some of the shine has gone off from them. So let us stop this childish 'China helped US by buying bonds' stuff.

You think China wanted to buy US treasury bonds?

The truth is that there is no other bond market big enough to sustain our needs. No other country is looking to borrow trillions at a time like America is.

 

[CardSharp]

You think China wanted to buy US treasury bonds?

The truth is that there is no other bond market big enough to sustain our needs. No other country is looking to borrow trillions at a time like America is.

That and there was very little incentive for Chinese exporters to exchange their USD profits back into RMB or some other currency. Come to think of it, the trade imbalance and the flood of liquidity provided by these exporters is probably what wallstreet wants.