Quote:
Originally Posted by Rich Z
You do know that China already owns us, literally, don't you? The trade deficit is such that if they called all the debts due RIGHT NOW, the USA would be bankrupt. Not to mention that if China cut off imports to us of EVERYTHING, we could kiss our economy goodbye.
If we are engaged in an economic war, we have already lost.
Sorry guys, but the rest of the world already has us by the short hairs, and that cannot be turned around overnight.
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Don't mean to sound crass (sp?) but regardless of all that, it's time to stop! It's not going to get any better letting it continue.
So what if China calls in it's markers? What are they going to do if we refuse to pay? We do the same thing other countries have done, we NATIONALIZE thier holdings in the US
And if they cut off thier imports, what is it that we can't make right here in the US?
Of course, the bigger issue is would our own unions and such hold us hostage for the $$ or would they be willing to get on board and make it work?
We can grow our own crops and raise our own beef. Stop building condos and crap and start PAYING the farmers and corporate farms, to do what they do best...FARM!
Stop exporting all the raw material overseas and keep it here. We once had massive steel plants. But "we" allowed the cheap assed oveseas market to take over production. Of course once again, the labor unions influenced that decision by inflating labor rates to a point where it was no longer economical to produce it here
Same thing with the auto industry and other plants. It's a viscious cycle, but one that "could" be reigned in
if we really tried (or wanted to)
But...it would take everyone's help. We'd have to get past the greed and "me" isuse and start worrying about "we" for awhile.
I don't buy the we can't support ourselves theory at all
Now, if the Chinese (or anyone else for that matter) want to get pissy about
our refusal to pay them....well...that's why we have an open door policy
Again, I don't mean to sound like a cheapskate, or one who believes in backing down off a debt (never have in my life!), but we have to stop the craziness somewhere. Now would be a great time to start!