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.
100% correct.
What we need to do now, is start responding.
We are still operating under the old assumptions. Those are broke. Our national trade balance has been negative for quite a while, and is wildly growing with China.
We need to make Chinese trade practices an issue.
A big issue.
Either China opens its markets, and incidentally its own immigration policies which are among the most restrictive on the entire planet.
Or we shut them down.
This has gone on far too long, and we need America back.
America first.