if you believe trade will stop, you should be upping your allocation to gold
china 'dependent on trade'?
you mean it absolutely needs to print rmb and have others accept it - that sort of dependence?
or do you mean it makes stuff that are worthwhile to somebodies who in turn are willing to let go of the stuff which are required in making the stuff?
do you believe that any foolish officialdom or more ignorant electorate tribe will stop digging up their ground to exchange for trinkets of varying levels of sophistication?
trade, kyrosl, will continue, just less and less denominated in wastrel dollars, and so requiring less and less of that variety of ponzi lubricant snake oil, and will do so at a pace determined away from the washington-nyc axis, as it has been.
china is a very poor country. it does not need to return to being a very poor country. it is returning to its natural level, and still remain far from it. the basics of trade is the foundation of peace, education, astute leadership, savings, investment, culture this, and ethnic that, etc etc. those are the basics of prosperity, not how wide a river is or where a tall mountain happens to be.
accepting stratfor analysis and worshipping to fox tv are the required acts of wastrelism. do not do it. |
