- Jan 12, 2012
- Reaction score
But they own a chunk of our debt. Important distinction. What we are going to be seeing over the next decade is the theory that intertwining the two countries and a globalization of trade would promote peace – which underlies all the trade deals made – put to a genuine test. I hope it's correct. Because much of what the Chinese make for us is essential now and those industries do not exist here anymore. Meanwhile, ahem, they'll have those capabilities either way. But it is hard to again climb that learning curve once, say, your big screen production is kaput or your electronics components manufacturers are gone. What's left of those two industries in the USA, for example, is minimal and mostly military directed.I don't worry so much about that, since if they bring us to our knees, they do the same thing to themselves.