No not everyone.
China is making virtually everything now.
China is doing just fine. Owning 50% of all the factories we use, to use Chinese employees to manufacture everything anymore.
How about we start paying attention to that.
And the rest of the World depends on the Japanese, the Europeans, and US for their livelihood.
That's true for the Chinese and, to a lesser extent, to the other BRIC members. Its also very true for any oil producing nation. The effect of our paper suddenly become worthless would be very devasting to them too. So they will play along and look the other way....for quite a while. Bernake and his ilk are fully leveraging the fact that the West and Japan has the rest of the World by the short hairs. But, as I said, it won't last forever. Something will break loose. I'm just not smart enough to know what or when--not sure anyone does. I just think 2013 is too early. My hunch, and that's all it is, is more like when Obama leaves office (~ 2017). That's when things will get REALLY interesting.
Heh heh, I’m waiting to see what what happens when the other shoe drops with china. All of these companies rushed to china to get in on the cheap labor gravy train, sold their souls and trade secrets to the communists, and in the process gave away the keys to the kingdom. What will we do when they start calling in all of those notes we’ve been floating them? Tell them no? They OWN our manfacturing capacity, they OWN all of the factories pumping out cheap consumer products, computers, auto parts, and almost all of the high tech products on the market today. The chinese will take all of those companies operating in china, and make them their own, and nobody will be able to do anything about it. It’s a brilliant plan really, and one that the communist chinese put into motion a long time ago, and they will thank the suckers (investors) for falling for it.
Well, not everything. The USA is still the largest manufacturing economy in the world, we just don’t employ as many people in the manufacturing sector as we used to.