The ORIGINAL gathering place for a merry band of Three Percenters. (As denounced by Bill Clinton on CNN!)
The stature of China on the world stage is built on a foundation with multiple faults. Rapid economic growth, domination of world trade, and military power are their observed hallmarks. Each of these faults stands to fracture at any time with catastrophic results.China’s economic growth and the associated domination of world trade have serious under lying problems. They have the ecological philosophy of a 1901 Pittsburg steel company coupled with the personnel policy of a 1920 West Virginia coal mine. They are poisoning their water, land, air, and population with industrial pollution. Most workers toil under slave-like conditions with barely substance compensation.Their export products that place them at the top of world are drawing questions from their customers. Poorly made products, often falsified to appear as top quality items, are scrutinized by buyers. The list is long and wide. Governments and industry often reject pharmaceuticals, construction materials, and electronics for not meeting basic standards. Some exports from China, especially food products, contain poisons hazardous to the consumer.China’s money, technology, and manufacturing capabilities have given them the ability to assemble a potent military. Unfortunately they have not learned the hard lessons of command and control acquired by other countries over the years. The United States was educated through blood and toil about operating a carrier task force in the Pacific during World War II. China on the other hand has assembled a collection of loose cannons on the precipice of destruction at any time. A nuclear armed ballistic missile submarine is a remarkably dangerous thing to release into the wild without controls on the launch command.Everyone, please welcome China, a new international power.
I am under the impression that China is one of the leading purchasers of the U.S. debt.Bad enough we are in debt to them but in the event of an economic collapse for China, how does that affect us?I can imagine various scenarios, none of them good.
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