America owes foreigners about $4.5 Trillion in debt. But America owes America $9.8 Trillion.
Why are Americans so afraid about who owns it's Debt?
Americans are scared because China owns $1.16 Trillion (8 percent) of the US debt.
The USA should be scared of what 1.3 Billion Chinese ( 3.5 times the US population) working together can do in the Global markets.
Actually when I read the above article I was also thinking this is not a good thing that a country like China owns any part of the US debt. Here is why I think it is really scary!
A group of us visited China a few years ago, we were all surprised by the impressive Modern Cities, Beijing, Shanghai are just as modern as New York City. The Chinese factories can duplicate anything - Rolex watches, any name brand clothing, luggage, purses, cars, computers you name it. - I was most impressed by the people, their disciplined methods of doing everything. Steady concentration on whatever they are doing. Never losing focus. I started thinking what if their computer programmers (like myself) were as innovative as Americans but applied their Chinese disciplines in Math and science.
Could you just imagine 50,000,000 Bill Gates types just making all kind of hardware and software products. We would have a serious problem competing with that, (they have numbers that can work around the clock) maybe we already have that problem and are unaware because they have over a Billion people to sell their stuff to, even if only 1/3 of their population can buy their own products it is still 400 Million consumers.
What if they could duplicate Lebron James' moves to the basket, M. J. or Kobe Bryant. Just think there are 360 Million Americans, there are 360 Million Chinese that play Basketball. This is what scaring me most the overwhelming numbers. Just think, they are cloning Mercedes Benz vehicles right now, so if they could create a car like the Benz maybe they can duplicate any car. The Chinese can sell cars in their local markets and perfect their performance before releasing to the rest of the World. They can have it running on alternative fuel-cells that automatically recharge. They could create thousands if not millions and flood the markets. Every Middle-class man and woman could own one, but of course Benz would still sell because its a prestigious Foreign car and the Rich folks will not want to buy Chinese cars, Yet. But the rest of us? Remember when a Toyota (Japanese) was a cheap piece of crap that rusted out in 3 years. Or the Hyundai (Korean) was the car Comedians made jokes about. Not anymore. They are the top selling vehicles in today's markets.
Okay, you're thinking I have an over active imagination....
Allow me to introduce the Mercedes C-class 203 clone. Only the emblem is different if you place them half / half, you can hardly tell the difference.
So if they can clone a Benz.
Q: What next?
Is this a good thing?
Will they dominate the car industry next ?
Current buyers of Mercedes Benz vehicles can still call theirs an original, but when you zoom by at 75 miles an hour in a clone who would notice the Chinese emblem. We can always think that they will not be able to catch up with the USA because Americans are more innovative. We can even fool ourselves into believing that we can always Stop their products at the ports and the borders, but here is the reality they can sell their products in every other market in the region and around the World. i.e. Central America, South America, the Caribbean, even Canada. Don't think that they can't take over African markets. Chinese to build Car Assembly plant in ETHIOPIA.
You tell me, will the USA or Europe be able to export any products in the future markets to compete with the numbers the Chinese and other Far-Eastern Countries can produce?
So when folks start talking about "Taking America back," Ask them, Back to What? If they mean: Back to the time when the USA was able to compete in all the Markets without much competition, or, Back to when "made in the USA" was tops in quality. Or EVEN BETTER, Back to when China was called the "Sleeping Giant" and we thought it would never wake up. News flash: 1.3 Billion Chinese are awake and thriving. The USA should start thinking about taking the Americas forward..... Here is something all of the Americas can start paying more attention to. If you have a good product to market to China, now is the right time, this is our opportunity to target this huge market - if you have the marketing skills to get their attention.
Let us see if the Chinese can duplicate our SXM beaches!
Affluent Chinese have buying power.
Hawaii, California and Las Vegas are among American tourist destinations vying fiercely for a vast and largely untapped new market segment. About a half-million Chinese traveled to U.S. destinations in 2008. Chinese travelers spend more than counterparts from any other country — about $7,200 per person per trip, according to the U.S. Commerce Department. Everybody should be looking at China and seeing a country with 1.3 billion people and a growing economy; Like I said before It's a good thing we have math. Simple math: $7,200 * 500,000 visiting Chinese = $3.6 Billion.
Just for fun checkout Hipmunk flights from BJS to your destination.
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