I was sitting in Barnes & Noble a few weeks ago and some book title I can no longer remember caught my eye. It made me think of this question: what if China fails? It got me thinking. What if the Chinese economy collapsed today? What would it mean for all of us here?
This is particularly important in light of the excuses given for the trumped up debt debate (a blatant excuse to impose an austerity economy) when it began in April. These massive loans are being taken out from the Chinese! Won’t the Chinese inevitably overtake us the global superpower? Fear our Chinese overlords!
So I got to thinking about that and the irony of the Chinese superpower equation demands that the Chinese economy grows while ours...
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