hi all i used to like jr but since he started talking his book over the pound you canrt trust this guy any more shame he really no’s his stuff

gl

Not a good idea to mess with the Chinese lol.. Just about every type of manufacturing is banned in the US due to some locals protesting because they don’t want factories in their neighborhood or because of some green activist protesting because they don’t want to ruin their blue skies. Bottom line is you pretty much can’t do shi* in the US these days due to some sort of law that prohibits you from doing so. This means we better not upset the Chinese or cut off trade with them. GM is now making more money in China than in the US. If it were not for the Chinese we would be paying double for all of our computer products these days and for our cell phones (the list goes on and on for how much more we would be paying if it were not for them).

I don’t think so Andy. Jim Rodger’s point is that all countries lose when they engage in trade wars, so both China and America will suffer.

In my opinion though China would stand to lose a lot more. Where is it going to sell all its vast exports to? What will all its near starvation workers do? There are already 100,000 violent protest in China every year. The experience of the Great Depression was that countries that ran large trade surpluses suffered most and the USA with a huge trade surplus at the time suffered the most. Britian with a deficit raised trade barriers and, although it still suffered, it didn’t see anywhere like the economic devastation that the US did. China will suffer like the US did in a new global trade war.

It will not be long before China takes over Western companies or builds factories in Western countries to assemble its Chinese manufactured components and it willl be welcomed with open arms by coutries with high unemployment and large deficits like Japan did.