RE: So Drumpfucks.... Is It Worth A War?
January 12, 2017 at 12:44 pm
(This post was last modified: January 12, 2017 at 1:44 pm by Anomalocaris.)
(January 12, 2017 at 11:28 am)Crossless1 Wrote: China would never need to fire a shot. They could bring us to our knees by dumping all of the U.S. debt they've purchased. Of course, they'd be hurt badly by such a move (everyone would), but if the shit ever hit the fan they just might decide they could withstand the damage better than us. It's an ace up their sleeve that should give pause to any U.S. administration.
Think of it as the economic equivalent of MAD.
Where china holds us hostage is in the standard of living of the board class of Americans who did not partake in the income growth of this country since 1980. This is an point trumpomatic morons failed to understand. For bulk of trumpomatic Americans, their real income has been stagnating for far longer than China has been exporting shit to the US. The reason why they have not rebelled against piss trickling down economics of the republicans is because China has been keeping the demand for our bonds high for much of last 15 years, which enabled trumpomatic losers to feel they weren't being squeezed by the shift of wealth from them to the billionaires and republicans because they can borrow money on the cheap to finance lifestyle their own productivity and share of national income can't support, and because cheap shit that china exports to us makes them feel their stagnating incomes still allows them to buy more shit, despite the fact that they never partook in any of the economic growth this country experienced since 1990.
It is only because good economic relationship with China that trumpomatic morons support trump and his China bashing. If relationship with China really sours for extended period of time, eventually the trumpomatic morons will find there is no longer cheap money, no longer cheap shit, and they actually have to limit their standard of living by their declining share of total US wealth. Then trumpomatic morons will be lynching trump and his class, rather than voting for trump to "drain the swamp".
If we want to declare war on china, and not suffer an internal revolution, we need to do about 30 years of work to realign expectation of education and skill of a board class of Americans, and put the fear of being lynched into billionaires, so that there can be internally generated and sustained real income growth for broad segments. Socialism is not a dirty word. The threat of socialism is the only gun pointed at the temple of capitalists to keep them minimally honest and willing to continence income growth in broader society.
