USA v.s. CHINA

We have finally done it! After years of trying to be like the west we have finally done it. We are now like the west in terms of economy yet retaining the much treasured Asian culture. There is a saying that goes when the sun rise from the east it will eventually ends at the west.

Now you must be thinking what have this got to do with singapore's current economy condition? Well actually nothing much!

But what i am going to say is....being the first Asian country to be in recession it only mean one thing, we have successfully turn into a financial hub that is tightly connected to the west. Then you must be thinking why is HK spared? Well simple...HK isn't really spared just not yet Because they mainly trade with The greater China. And now with China feeling the impact of the western recession, HK will probably follow suit with China tumbling down.

Singapore is like a middlemen in the world of trade...only earning when the countries from both sides of the world are trading. When countries at two sides of the world ship their goods to each other passing through us.

We have the knowledge as our people are seriously...pretty high...almost everyone goes to school in this small but well managed country.

So till the west starts to pull themselves together...there isn't anyone we could really depend on right now. I mean seriously chinese from the rural area are all flocking to the cities in china when the economy is propering...but now with factory closing and these people losing their jobs....they have got no choice but to return home and....honestly...these people have no other skills beside maybe farming. But is there enough land for all these farmers? IF there is...it would only mean there ain't enough farmers previously when the economy is rising...however since there isn't any complains of serious food shortages...with a sudden influx of all these returning labourers...it would only mean farmers earning much lesser....

NOW....wouldn't that be a probably? I mean farmers are already earning miserable pay...now with supply of workers increasing...would it mean...they are going to earn an even more miserable pay? This is so going to be a problem....social unrise will then start....well i ain't sure but its just a guess..

Now china can't save the world...not yet at least.....its true they are the only country that are having a higher level of growth...but its like playing a RPG game... A level 50 character would probably need a longer time to get to the next level as compared to a Level 5 character. But does that mean the level 50 character is worst of than a level 5 character?

I beg to differ. SO what if china is the only country to be having growth? They ought to...they have been lagging for a far too long period of time...in fact they ain't growing if you were to compare relatively...they are merely doing a catching up from a negative figure....If USA is at level 1, China would probably be at level -8. So would you say China is doing well even thou its growing? Think about it again.

China has the largest population in the world...BUT whats the use if all these people ain't doing anything useful? Most of these people cant even meet their basic needs....how are they going to boost the economy of the world...in fact they need very much all the help they can get from the west..

So please people stop putting so much hope on china...hoping they will rescue the world and theye are going to be totally immune to the downturn....wake up your idea... Probably in the future....but for the next 10 years...it will still be the west...

Then we having people arguing....the west cannot be self sufficient...because they are in too much debt....well...debt only helps one to grow beyond their capabilites...so when you remove the debt capabilites...it will just continue to shrink till it reaches the capabilites..

Thats the same with the USA. And to say USA has a much lower capabilities than China would be a wrong statement. Cause...they both in fact have the same capabilities....

Anyway....we are doom.. but we might be the first to recover...depending on the west