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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Chispas who wrote (105177)9/17/2009 12:59:27 PM
From: Chispas1 Recommendation  Read Replies (2) of 110194
 
"China moved efficiently to undercut our economy" .

Jackson Citizen Patriot, September 17, 2009, 10:48 AM

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While driving through Jackson then north on Mount Hope Road, I noted abandoned factories and unoccupied buildings that used to provide jobs for middle-class Americans.

My mind wandered back to a visit to China in 1989 where I observed mile after mile of two-story factory buildings that had been built in anticipation of future production facilities. I thought to myself at the time how stupid these "central planners" were, building all these facilities that stood empty.

The Chinese devastated our economy, having filled their empty factories with workers making products that used to be made in our now-empty factories.

Anyone who thinks this is not part of a long-term plan on the part of the Chinese communists to achieve world domination is a fool. We did not see it coming.

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