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Dumping what American debt the Chinese hold now might be more concerning. I just think they are more responsible than to do that.
I also think the Chinese are well aware that the trade imbalance is unsustainable over the longer if not shorter term. Yet America has not bothered to develop a real plan.
Threats and putting a tax on the population is not a plan. Well part of it may be. The increased taxation part. Many countries ban importation in some industrial sectors like Japan does. They just do not let imports of those items in.
China told Canada that our agriculture products no longer meet their standards. So we lost the substantial export of pork and field crops to them.
What disturbs me the most. Is we cannot start to automate production at the rate the Chinese are doing. Under our system the rewards would only be captured by the few. So there would be no general relief. Under the Chinese system a heavy percentage of them are distributed across their society. China is also protecting it's industrial base from countries with cheaper labor. in the process.
I am happy that the economy is booming in north America.
Last edited by barry12345; 05-24-2019 at 03:15 PM.
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