What do yo think?

I don't get the whole "China owns too much of America/China is going to forclose on us." thing. China's whole economy is built on supplying the American consumer, without which, China would be back to where they were in the 50s. China's labor pool is too poor to pick up where we leave off and so is India's. Europe? Maybe but there ain't enough of them and they're pretty protective of their own markets so I wouldn't expect a huge influx of Chinese goods there either.

Perhaps when China and India's labor pools are making enough to sustain its markets, there'll be an issue but we're a long way off from that point.


/The above statements have nothing to do with the fact that I feel Americans and American companies have a moral obligation to buy domestic first and foremost wherever possible.

IChina's whole economy is built on supplying the American consumer, without which, China would be back to where they were in the 50s. China's labor pool is too poor to pick up where we leave off and so is India's.

I don't think that this is true anymore. I'm pretty sure that total Chinese Exports will be over $1 trillion this year, and about $300 million is to the USA. Also, over 50% of Chinese exports are machinery, electronics, and high tech. China is supplying much of the expertise and skilled labor to build Dubai, Saudi Arabia, and United Arab Emirates. The internal Chinese economy is growing at 8%, which is doubling every 9 years. Depending on the source and who is counting, China is producing 3 to 8 times more engineering graduates than the USA.

Meanwhile I'm sitting in Brazil, where last time I visited 1 dollar bought about 3 Reais while today 1 dollar buys 1.75 Reais. And I promised my wife a necklace.

I don't get the whole "China owns too much of America/China is going to forclose on us." thing. China's whole economy is built on supplying the American consumer, without which, China would be back to where they were in the 50s. China's labor pool is too poor to pick up where we leave off and so is India's.
Heck, the way things are going OUR labor pool is getting too poor to pick things up. :(

I don't get the whole "China owns too much of America/China is going to forclose on us." thing. China's whole economy is built on supplying the American consumer, without which, China would be back to where they were in the 50s. China's labor pool is too poor to pick up where we leave off and so is India's. Europe? Maybe but there ain't enough of them and they're pretty protective of their own markets so I wouldn't expect a huge influx of Chinese goods there either.

Perhaps when China and India's labor pools are making enough to sustain its markets, there'll be an issue but we're a long way off from that point.


/The above statements have nothing to do with the fact that I feel Americans and American companies have a moral obligation to buy domestic first and foremost wherever possible.

Not sure what your argument is KenB?

Are you saying that China do not have the power to send the US dollar tumbling by selling their reserves of the US dollar, and thus have a significant lever on US political and economic decisions?

As far as I can google, Chinese exports of consumer goods to USA is significantly less than 10% of China's GDP. We've reached a point where China has more power over our economy than we have over theirs.

Not sure what your argument is KenB?

Are you saying that China do not have the power to send the US dollar tumbling by selling their reserves of the US dollar, and thus have a significant lever on US political and economic decisions?
No, I'm saying that by doing that, China would be hurting itself just as badly.

Unless, of course, all of the globalism advocates are just jerking everyone off by telling us that promoting buying domestic is selfish and unhealthy for the economy. :wink5:

I don't think that this is true anymore. I'm pretty sure that total Chinese Exports will be over $1 trillion this year, and about $300 million is to the USA. Also, over 50% of Chinese exports are machinery, electronics, and high tech. China is supplying much of the expertise and skilled labor to build Dubai, Saudi Arabia, and United Arab Emirates. The internal Chinese economy is growing at 8%, which is doubling every 9 years. Depending on the source and who is counting, China is producing 3 to 8 times more engineering graduates than the USA.

Meanwhile I'm sitting in Brazil, where last time I visited 1 dollar bought about 3 Reais while today 1 dollar buys 1.75 Reais. And I promised my wife a necklace.

It may not be. I admit I haven't looked at the numbers in a while. I still hold that it's not in China's best interest to eff with the US economy too much.

How much can we trust the numbers coming out of China?