tag:blogger.com,1999:blog-2761684730989137546.post8349973261726789924..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: China.org.cn — Chinese tech set to take quantum leap mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-58332411213817263252016-03-28T14:05:22.193-04:002016-03-28T14:05:22.193-04:00That stock exchanges are investing in high speed f...That stock exchanges are investing in high speed fiber optic lines is seen as a waste of resources and a testament to our obsession with finance. The best and brightest minds being hired to develop 'smarter' trading algorithms. These are opportunity costs.Peter Panhttps://www.blogger.com/profile/09473311771939167712noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-9725090707222087492016-03-28T12:15:53.178-04:002016-03-28T12:15:53.178-04:00All going unnoticed by western media, just like th...All going unnoticed by western media, just like they ignored the Chinese declaration over Christmas/New Year 1979/80 of China’s stated plan to take global manufacturing hegemony away from the US within 25 years. Stated just that baldly: ‘We are going to take away America’s manufacturing business.'<br /><br />Which they did.<br /><br />China is going for reserve currency status. Not just being part of a basket of currencies. They’re going for the whole shebang. Obama’s sanctions against Russia gave them the opening. Watch how fast they set up the infrastructure to be able to replicate the current $750 billion/day market in treasury securities when the opportunity presents itself. They’ve already bought one of our stock exchanges. That’ll be for practice. Meantime, pundits stateside will sit around with their thumbs in their bum and their brain in neutral pontificating about China’s economic slowdowns.<br /><br />This quantum computing thing is huge. Excuse me, Yuge.MRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.com