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This "secret weapon" kinda pales in comparison to the "money bomb" (with kindest apologies to BJ Lawson, Ron Paul, etc) China can drop on us at their discretion.
Don't forget what happens when the shop owners kicks his only largest customer out.....said the wise man.
Um...it's more than the dumping of debt. It's the resulting trade embargo and poof...no more sneakers gadgets, and toys. Oh yeah, many other countries would enjoy the consumption of what we can no longer consume.
You're also forgetting that the GDP is overstated as well as being tied to the ultimate Ponzi scheme of all time, securitized crap mortgage and CC credit.
Why do you think the prez shuts his big mouth whenever China tells him to, like a good puppy dog?
Don't forget what happens when the shop owners kicks his only largest customer out.....said the wise man.
BigJon
I don't believe the Chinese would do it, but I think it would be a mistake to think it could not knock our economy into a tailspin for many years if they were so inclined.
The Chinese on the other hand have been working for quite some time to diversify from the US being its largest customer. Many companies here in Europe have taken up manufacturing in China too. Also China supplies much of Asia as well as developing a large domestic customer base.
If by some miracle, the USA could stop its addiction to Chinese goods, China would still thrive. It might lose its best customer, but the they wouldn't have to take so many IOUs.
Um...it's more than the dumping of debt. It's the resulting trade embargo and poof...no more sneakers gadgets, and toys. Oh yeah, many other countries would enjoy the consumption of what we can no longer consume.
You're also forgetting that the GDP is overstated as well as being tied to the ultimate Ponzi scheme of all time, securitized crap mortgage and CC credit.
Why do you think the prez shuts his big mouth whenever China tells him to, like a good puppy dog?
What shop owner in their right mind would cut off ties with it's biggest supplier during it's economic boom?
Or a better question what country would commit suicide?
I don't believe the Chinese would do it, but I think it would be a mistake to think it could not knock our economy into a tailspin for many years if they were so inclined.
The Chinese on the other hand have been working for quite some time to diversify from the US being its largest customer. Many companies here in Europe have taken up manufacturing in China too. Also China supplies much of Asia as well as developing a large domestic customer base.
If by some miracle, the USA could stop its addiction to Chinese goods, China would still thrive. It might lose its best customer, but the they wouldn't have to take so many IOUs.
The Chinese are losing on one very very large front....their huge growth is based on petro/coal. As we part from that way of thinking they will be subject to the ever rising prices.....as our demand decreases supplies will increase shortly creating influxes which will give them false hope. We might still fall into that trap.
The Chinese are losing on one very very large front....their huge growth is based on petro/coal. As we part from that way of thinking they will be subject to the ever rising prices.....as our demand decreases supplies will increase shortly creating influxes which will give them false hope. We might still fall into that trap.
Wow.. I am comforted that we are in such a superior economic position in relation to the Chinese.
I am glad that they have no economic advisers that will tip them off to this impending doom they face.
As energy prices increase the NAFTA becomes less effective for "equalization" of other countries and brings some work back....we are on the edge of if it's viable or not to move back.
They are looking to find bargains and build long term goodwill.
They look for strategic investment to strengthen their position.
As any good business partner would do.
This is where I might get bashed......NAFTA and a world free trade agreement is imminent. Why turn away "good" customers? If we have the need/excess of a product why limit our customers?
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