| Who let China control the US in this way |
| The Fed could buy it all up, but it would increase the money supply. This didn’t cause inflation during quantitative easing because the economy was depressed so banks just sat on the liquidity. If you pump out base money while the banks are lending, the results could be very different. |
Who indeed- oh right everyone because we don't want to craft our own iPhones in our basement workshops. It's called trade. |
Republicans! |
Actually, Bill Clinton let them in the WTO. I like Clinton, but he played a major part. |
I mean, what do you get by trolling like this on every finance thread? This is DCUM. No one is taken in. Precious few take your bait. Go back to 4chan or something. |
Letting China into the WTO isn't the same as allowing China to buy so much of our debt. |
The fact is the US consumer created this situation. Addiction to having the latest and greatest (even if it's cheap Chinese crap), the open availability of consumer credit, the incessant need to stroke oneself with new phones, tvs, laptops, cars, furniture, etc., etc., etc. You want blame? Look to the left, the right and in the mirror. |
The USA emerged from WWII as the richest country in the world. Since, it has only gotten richer. None of the other first-world countries come close in terms of sheer disposable income. And it's only human nature to want to accumulate stuff and buy at low prices. Third world nations are developing and some have become first world nations based on that principle - they provided cheap goods for decades to any consumer willing to buy. Supply and demand, people. This is NOT a zero sum game. EVERYONE has become richer. Globalism is a good thing. |
You work for Chyna or the Fed? |
It’s a totally free market, once the debt is issued, you can’t control who holds it. International payments are settled in US dollars, so it makes sense that they hold treasuries since they get paid in US dollars for their exports to us, and everyone else.It’s not like they can stuff cash in a mattress. |
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Only way to manufacture and supply chain bass in US is exec white collar jobs pay less. Instead of people in management s C level execs make $1M-50M they would be making only 250k or 3M.
I dont see US OK with raking a hit on standard of living. |
We got off of it so we could print money and have a World War that killed 10 million people? |
Richard Nixon initiated it by inviting China into the global economy. |
| Help! I shifted a bunch of my 401K funds into bonds, specifically VBTLX - vanguard total bond market index fund. Should I switch back into equities -- or cash? |