Dev wrote on Jan 19, 2014, 18:15:
Yosemite Sam wrote on Jan 19, 2014, 14:48:Dude, its not the corporations that are the biggest issue. The issue is that if china merely stops buying our new debt every month (they don't even have to sell off any of their holdings), we'd be screwed.
Cutter wrote on Jan 19, 2014, 14:24:
And yet they know China is spying and stealing state and corporate secrets, not pegging their currency, etc. and its still business as usual with them. What a fucking joke.
Never bite the hand that feeds you. Corporations are earning billions because of China, therefore the government apparatus will not rock the boat with China. America doesn't do what's right, they only serve their own self interest.
And that's only a problem because of the massive deficits we've gotten so used to running.
Yes I understand that, I was just over simplifying it. You do know that China buys (parks) it's money in US treasury because the US consumer is a major driving factor in their economy, to the tune of over 300 billion a year... and that part of the US deficit is directly related to that huge import\export imbalance... and the whole thing is related directly to US corporations.
I'm no international economist, but this is the picture I put together based on what's been going on. China opened it's doors to outside investment. American corporations moved their production to China to increase their profit margins, increase, it was done not to make a profit but to make MORE profit. This took a job from an American and gave it to a Chinese person, this also took an American export and turned it into an American import. This puts a huge pressure on the American economy. Not only do you have less employment opportunities (less income taxes) and more unemployed people (more social programs) but you also have a huge trade deficit. So China is buying up American bonds to keep America going so Americans can buy their shit... all so people who do nothing but play with money can make a killing... and the kicker is they move their money offshore so they don't even have to pay their fair share. Corporate America is bankrupting the USA so people with money can make even more money and they own enough politicians to make sure it stays just as it is... although at this point I don't think it's even possible to reverse the trend... but hey maybe that VP will trickle down a fiver or two to the now, what is it, 40 or 50 million Americans who can't make ends meet... meh fucking pisses me off and then you see these same people who got fucked over actually defending these greedy ass mothe... bah humbug, I'm a gonna go play vids.