Tom, they're not playing a communist game. They're playing a capitalist one, they're just better at it than the round-eyes are.
The Chinese are buying stuff with money they made by selling us stuff. But they are not buying as much of our stuff as we are of theirs. That's called "balance of trade". They taught me that in economics 40 years. It's something which our corporals of industry have forgotten. We only know how to make money in banking, real estate and the stock market, and by doing each others laundry and selling each other pizza.
We don't make anything or sell anything, we just buy consumer goods cheap from other people, and sell them at a big markup to our people, who borrow money from foreigners because they can't afford them on our declining salaries. Nobody did this to us. We are doing it to ourselves.
The Chinese realized that allowing a few American retailers and banks to get rich by selling cheap Chinese goods would give them a cadre of allies here that would lobby to allow them to get away with unfair trade practices and currency manipulations that allowed them to clean our clock.
Just think, America's capitalists sold them the rope, Walmart, and many other companies like them, particularly those who moved their manufacturing operations to China and other overseas locations, sold their country down the river for a quick profit.
We weren't beat by the commies, we were bet at our own game, under our own rules. BUSINESS! The Chinese have a manufacturing economy, they sell us stuff, and we owe them money. We sell each other IOUs. Those are the facts, no one disputes them. Are you gonna blame this on Jimmy Carter and Bill Clinton?
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Re: China offers a billion customers, but are they worth the cost of getting to them?
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- China offers a billion customers, but are they worth the cost of getting to them?
- Re: China offers a billion customers, but are they worth the cost of getting to them?
- Re: China offers a billion customers, but are they worth the cost of getting to them?
- Re: China offers a billion customers, but are they worth the cost of getting to them?
- Re: China offers a billion customers, but are they worth the cost of getting to them?
- Re: China offers a billion customers, but are they worth the cost of getting to them?
- Re: China offers a billion customers, but are they worth the cost of getting to them?
- Re: China offers a billion customers, but are they worth the cost of getting to them?
- Re: China offers a billion customers, but are they worth the cost of getting to them?
- Re: China offers a billion customers, but are they worth the cost of getting to them?
- Re: China offers a billion customers, but are they worth the cost of getting to them?
