Quote:
Originally Posted by Tommy
Someone please help me understand the problem. As I understand it, China is accumulating wealth by selling its products and services around the world. It is using that wealth to buy IOUs from the USA and other nations. It has enough wealth to buy lots of stuff. What is the bubble? What are we concerned will happen to our economy if they continue to build wealth and buy more IOUs?
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Tommy,
I think the world is succumbing to runaway Captalism; ever bit as bad as runaway anything else. We are out of balance. We have never considered this as a problem before in history.
China, or whoever owns China, is poised to win the Monopoly game. They will have all the paper at their end of the table. In the end, that is what they win. It is not like they can trade it back for useful products, when we have just finished sending the last of our factories overseas and are all unemployed like a bankrupt game player. And, yet, were we to restrict the free enterprise of factories to relocate, we would be restricting Capitalism.
As the winner of Monopoly, as literal sole proprieter, I suppose China could decide to rename every property, every land, Boardwalk, or in this case, China. Perhaps start a new game by re-writing new rules. It just can't be good for America, whatever the game and whatever we used to call this land.
Wes
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