Although more recent evidence was damning... this was expected and predicted long ago. It's the result of huge trade imbalances. We send them U.S. dollars, they send cheap manufactured crap. The only thing U.S. dollars are good for is to buy U.S. stuff... and they're not buying manufactured goods from us, they're buying power, influence, using it to steal technology, buying land and our governments debt ("the borrower is a slave to the lender" - Proverbs 22:7).
We must break ties to China, and fix our balance of trade (globally).
Although more recent evidence was damning... this was expected and predicted long ago. It's the result of huge trade imbalances. We send them U.S. dollars, they send cheap manufactured crap. The only thing U.S. dollars are good for is to buy U.S. stuff... and they're not buying manufactured goods from us, they're buying power, influence, using it to steal technology, buying land and our governments debt ("the borrower is a slave to the lender" - Proverbs 22:7).
We must break ties to China, and fix our balance of trade (globally).
For sure. First order of business don't trust China China is asshole
This is so simple, but so true. Haven't thought of it before.
The idea of international trade assumes that the other country will buy stuff from you with your currency that you gave it.
But what American stuff could be in Chinese homes?