Quote:
Originally Posted by bhunter
They also have internal problems that will continue to fester. They aren't the "biggest and strongest" economy; we still are and will be for at least the near future. The new Chinese wealthy are fleeing rapidly because of the future turmoil that the continued repression of the underclass will surely engender. There are more mouths to be paid off than food available. Also, they need a market for their products; thus, their economic clout would vaporize without the West purchasing their products.
A margin call by the Chinese would be their suicide not ours. We need to get tougher with them and pressure them to quit artificially manipulating their currency. We seem to forget how Japan was once supposedly a big threat, but ultimately floundered. China has far more internal structural problems and will likely flash and then burn out, then ascend to be a more fair player in the international economic scene.
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Yeah, I remember when the Japanese came over here intent on buying America, and most of them got sent home wearing a barrel.
Uncle Sam may be on a losing streak, but whenever he puts on the green visor he's still capable of passing out a world class screwing.
Chas
12-31-2011, 09:43 AM
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