04-27-2019, 07:31 PM
(04-27-2019, 06:18 PM)Tim Randal Walker Wrote: Eventually Americans will come to the conclusion that the Chinese are, in general, untrustworthy.
And that trying to trade with China is like trying to trade with a con man.
We should expect to see the escalation of trade wars, which will become more draconian.
We are in deep trouble should China get a hold of our public and private debt -- or a big chunk of it. We could lose control of our public assets, including roads, dams (thus power generation), and hospitals. If you think medical care is expensive now, then just imagine what happens if foreign interests own the hospitals and exact huge costs just to collect on debt and interest. Interest will be at loan-shark terms that we will never be able to cast off.
I distrust any political entity (like China) that treats its own people badly to treat us well.
We need to start weaning America off debt even if such brings about another Great Depression. We need to get people to invest money in federal bonds as we did with War Bonds during World War II so that more America's federal debt. We need to promote small business at the expense even of formal education. (As compensation, business owners' kids do well in formal education and the workforce).
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.
