[Cringing Negativism Network]

This is all a bunch of fluff.

Hard landing or not, China now has America’s manufacturing base, technology and money.

That will not change, until we change it.

[UnbelievingScumOnTheOtherSide]

China now has America’s manufacturing base, technology and money.

In 10 or 15 years, those will be a rust pile, obsolete and worthless, respectively. We sold them the noose to hang themselves.

We won't have much either but we won't be alone.

[Adder]

True.

But we don’t have the money to buy their goods.

All the capacity in the world doesn’t mean squat if you can’t sell stuff.

And we are tapped out right now. So is Europe. And China is lending money to both of us to keep us going in hopes of reviving us to buy their goods.

Won’t work. The only way out of this is to start making things here again. I do not know if that is possible. But you have to create wealth, not just swap finite dollars around.