Quote:
Originally Posted by neophyte
Missle shield? To protect ourselves against China? Is it time to dream up another cold war adversary now?How is it that everybody on the planet doesn't yet know that China has become the strongest, biggest economy in the world, and that they could bring the US to it's knees quick in a hurry with a margin call on our massive debt load, which they now own? Unlike us, they didn't bankrupt themselves by building and maintaining a mega military to go cavorting around the planet interfering with everyone elses business.
In other words, they were smart.
Meet the new boss.
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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.
12-31-2011, 06:05 AM
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