News Focus
News Focus
icon url

CaribbeanJim

03/28/07 7:37 AM

#19469 RE: euterpe1 #19451

OT: I like your analogy: "China is the drug dealer and we are the addicts."

I think China would actually maintain its wealth if it unloaded all of the US dollars on the world market, which would then cause our currency to spiral down and China's currency to go up... it should balance out for them since it has been long overdue anyways... so far they have been prolonging the inevitable. Most countries around the world, especially us, would then have to pay more for their goods since there are very few options. Every year, more and more countries are putting their manufacturing base in China. Intel just announced putting a huge manufacturing base there.

I wonder if Bullwinkle can provide us with a "heat map" of where all our imports are coming from, with percentages from each country. I'm wondering right now if over 60% of all imports into the US are coming from China, and what the growth rate of those imports has been. It would be VERY interesting to see.