China Overtakes UK!

January 27, 2006

The Chinese economy only just passed that of the UK and has a long way to go before it approaches the US. Their growth is very fragile, and they’re most likely to implode as one or more of their systemic weaknesses bites them.

The news comes via the New Economist:

China’s economy grew 9.9 percent in 2005, probably overtaking the U.K. as the world’s fourth largest, powered by record exports and investment in manufacturing. Gross domestic product rose to 18.2 trillion yuan ($2.3 trillion) after expanding 10.1 percent in 2004…

The economy grew 9.9 percent in the fourth quarter from a year earlier after expanding a revised 9.8 percent in the previous three months, the NBS said today. Economists forecast growth of 9.5 percent in the quarter and 9.8 percent for the full year, according to a Bloomberg News survey.

…The U.K. economy was worth $2.14 trillion in 2004, according to the World Bank, and the Organization for Economic Cooperation and Development has forecast 1.7 percent growth for the country in 2005. The U.S. economy, which measured $11.7 trillion in 2004, is the world’s largest.

China’s problem is that most if its technology is stolen, and the rest is imported. It’s also a very corrupt Fear State and these don’t prosper. Plus, it depends on the US buying its exports – if the US buys elsewhere, devalues the $, or forces a big revaluation of the Chinese yuan, they’ll hit the wall. Finally, they’re tooling up for a war with Taiwan, which – even if they win – will leave them severely trashed.

I wouldn’t put money into China.

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Carter Shows The Way

January 27, 2006

Jimmy Carter continues to be an invaluable aid to moral clarity – what he says is right is actually wrong, and vice-versa. So funding Hamas by the back door, as he suggests, is plain wrong and the US should cut all direct and indirect funding of Palestinians (my emphasis).

Former President Carter said the United States, by law, would have to cut off direct funding to the Palestinian Authority as soon as Hamas takes control, but it should look for other ways to give money to the Palestinians, such as through the United Nations. Hamas has been branded a terrorist group by the U.S. and Europe.

“United States law would require that the money would be cut off if Hamas is in the government, so that’s a foregone conclusion,” Carter told The Associated Press.

Carter said the United States should increase its donations to U.N. and other aid groups earmarked for the Palestinians to make up for the cut in direct aid “so that the people can still continue to have food and shelter and health care and education.”

He’s saying that a nation that’s elected a government of100% certified terrorists should be funded by the US in a manner that circumvents US law. Because any money we give a terror state simply frees funds for it to spend on killing. And that assumes that earmarking works in a terror state – it doesn’t because the money provided for “food and shelter and health care and education” is simply taken by men with guns. If Carter doesn’t realize this, he’s a fool – and if he does, he’s a knave.

Here’s the record of the people he wants the US to finance:

Hamas has set the destruction of Israel as its goal. Between September 2000 and April 2004, Hamas perpetrated 425 terrorist attacks against Israel and murdered 377 Israelis – nine every month.

377 dead out 6 million Israelis are equivalent to 18,850 dead Americans, that’s six 9/11s at the rate of about two every year.