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To: af_vet_rr

The Chinese manufacturing sector is only slightly larger than the USA.

$1.922 Trillion VS $1.885 Trillion

The USA is able to manufacture $1.885 Trillion of goods in 2010 with only 11.6 million workers.

China needs over 100 million workers to manufacture $1.922 Trillion worth of goods in 2010.

China owns $1.17 Trillion of US government debt. That is only 8% of the $15.7 Trillion national debt.

We could easily print $1.17 Trillion and pay off the debt to China.


16 posted on 06/09/2012 5:13:38 PM PDT by moonshot925
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To: moonshot925
The USA is able to manufacture $1.885 Trillion of goods in 2010 with only 11.6 million workers.

China needs over 100 million workers to manufacture $1.922 Trillion worth of goods in 2010.


China has hundreds of millions of people who will work for a fraction of what an American would or could work for, and they put in 60 hours (or more) weeks.

China owns $1.17 Trillion of US government debt. That is only 8% of the $15.7 Trillion national debt.

We could easily print $1.17 Trillion and pay off the debt to China.


Putting aside damage that it might cause our economy in the long run, the US government might be able to make that debt go away, but they can't make the other Chinese investments go away. That's the bigger problem to me. Right now China makes all of our computers. What happens when they make all of our cars or airplanes? There comes a tipping point at which we can't easily recover, and we are headed there.
35 posted on 06/11/2012 5:39:12 PM PDT by af_vet_rr
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