CHINA is on the RISE!
They don’t play by the rules set down...
They lowered their value of the Chinese currency so that their citizens can’t afford US products...
There are no rules of regulations on pollution control for food production or anything else - other than turning a profit...
Their military is increasing in size and war production...
We played with the devil on Bill Clinton’s urging...and we are paying the price...
The US doesn’t even have a show manufacture anymore - let alone a microwave, TV, or anything else that the typical consumer buys...soon the world will have a stamp on it, “Made in China”...
"Made in the USA" changed to "Made in Japan," which changed to "Made in China," which will change to "Made in India."
In the aggregate, this is a good thing for America and the world. As other nations become wealthier, they become customers for American products.
Virtually every industrialized country, including us, have done the same thing: screwing asset holders to provide free capital.