Some of you are smart, and may know the answer to this:
Where does China get it's money?
What do they produce? The gimcrackery they pimp to Wal-Mart can't be buying all the oil and steel neccesary to build their military and governmental infrastructure. Do they sell huge amounts of food to the world? What? Don't try to tell me they've got a kewpie-doll economy, cuz I don't buy it.
They must be printing money like a mother, and everybody agrees that it is worth something, but I'd sure hate to be holding any paper on China should there be some sort of crash. Or a war with the US.
I could be wrong, but it looks to me like they are in a scramble to build up as fast as they can, and then do something drastic so someone doesn't call their economic bluff. If I did business with China, for some reason, I would demand payment in gold, or they could just kiss my ass. They remind me of someone financing a new business on credit card debt. Sooner or later, that big-ass chicken is gonna come home to roost.
I could be wrong.
But history seems to me to show that simply financing a huge military machine, and government beauracracy by printing money, leads to an eventual downfall, as one day the salaries and debts can't be paid.
And I don't see any Americans packing it up in boats and heading for China for a better life.
Any (intelligent) insight will be appreciated.