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Originally Posted by TheMaster
oh fuck, knew Japan was doing it, if China goes that way, the dollar is doomed, so the Communists will win in the end  (seriously I would never call the China communist) |
I never knew Japan was at it as well.
And agree... China may be a communist country, but sure as hell has very strong capitalist leanings - and full plans to continue in that direction.
China also has the "bankers problem" - ie when the bank lends too much money to a client, they have to be considered more
Another aspect is the US does reasonable biz with China and why should they want to lose that biz? (Tho - sure does not help the US to keep buying shit from there - or any other country).
So... they may be dumping dollars, but sure don't want to dump these in a harmful way - so chances are that may be "moderate".
Keep thinking this is one monumental task to stop the rot alone - nevermind turning it around - and, dunno... but smell this will never happen in any eight year term of office for any party.
Only my
but smell it will take far longer than the typical term of office and needs strong investment into manufacturing and tech industries - with an end product that can be exported to other nations to kill the trade deficits. Coupled with that - it prob needs a cutting-down of imported product (Wallmart alone are a major source of this problem).