Reply to China dumping bonds – how exactly would the fed salvation work?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Who let China control the US in this way[/quote]

Republicans![/quote] Actually, Bill Clinton let them in the WTO. I like Clinton, but he played a major part.[/quote]

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.[/quote]

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.

[/quote]

After WW2 there were no functioning economies left. They all had been destroyed during the war. The British empire wealth transferred stopped. [/quote]

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