Originally posted by: dmcowen674
Originally posted by: Accipiter22
Topic Title: To People Worried That China is going to Bankrupt Us...
I have a question; I see a lot of people here talking about the Chinese sucking up US assets and currency, etc. I see just as many talking about them 'bankrupting' us....My question: WTF are you guys talking about? If the US collapses then China takes almost as big of a hit as we do, seeing as how we're one of the main consumers for their goods....
I never really understood this line of doomsday thinking, and was wondering if someone could explain to me a situation where China could 'bankrupt' the U.S. and not suffer immensely themselves.
Sorry but China isn't doing anything to us.
It is ourselves allowing Corporations using China for cheap labor (children living in factories) and material (see lead paint and anti-freeze used in food etc) that is bankrupting the general population of the U.S. to benefit the few rich at the top.
It's quite a grand plan and working to a T.
I disagree about it merely benefiting the few rich at the top...it benefits everyone who plays a part in it (for now).
For everyone who goes to Walmart to buy 4 TV's so their kids can have one in every room of the house instead of having just 1 TV (at elevated price, made in USA).
So yes, it isn't China doing it, and it also is not rich people in the US doing it, it is every joe 6-pick and his family doing it to themselves in a silly attempt to live life like one of the few rich guys at the top.
Rich guys at the top really could care less what China does or what Joe 6-pack does, they make their money elsewhere anyways. Of course there are plenty of wanna-be rich guys attempting to get to the type by playning wallstreet scams with Walmart stocks, etc.
But these folks are along for the ride too. No one forced Walmart onto the american people, and the reason we all keep going there is not because we are too poor (yet) to go anywhere else but rather because we want to have 6 of everything instead of just 1 or 2. (i.e. it benefits the consumer, for now, to attempt to be cheap...by being cheap)