posted on Feb, 10 2010 @ 01:43 AM
reply to post by SLAYER69
And when do you suppose they will get there money???
I too think China is saber rattling and does need the US consumer economy, but I also am not so in love with the lie that the US is running the show
anymore...
China could and would just move to a new customer(s) and not to think they wouldn't be harmed in the move financially because I think they would..
but lets suppose that someone owes you money and you see they can't pay and maybe will never be able to pay in say ohhhhh 100+ years, they maybe
willing to just take the hit, as will happen ANYWAY with them and a bunch of other countries that hold worthless bonds, including the neighbor to the
north that is a huge supplier of life goods like water and electric to name a few.
contrary to what the die hard American thinks let alone knows is the US is not completely in the drivers seat, the only value it holds as far as I can
see is it is a CONSUMER because as any chart will show you is that the last of manufacturing was well outsourced back in 98', if they are unable to
consume anymore or pay to play, the world markets will move on. and this is already happening with the major players slowly moving away from the all
mighty USD for a world currency.
When that finally happens my friend you will be on the slippery slope to 3rd world.
And frankly I don't think people will turn off American Idol long enough to change the speed of your decent.
edited for spelling
[edit on 10-2-2010 by svpwizard]