Can someone please explain why it is that approx. 70 to 80% (I think I am being a little too conservative with these percentages) of the "items" for sale, at any given department store in America today, are made in China? This question has bothered me for years.
There are those who will tell you that China declared economic war on the US by first devaluing their currency, and then pegging it to the US$. The income gain from the resulting flood of merchandise you've described has enabled China to embark on a program of acquiring key assets in and around the US such as both ends of the Panama canal, the largest container trans-shipment facility in the Atlantic, Global Crossing's fiber optic network, etc.
China currently holds a half-trillion in US securities, a holding which could allow them to crash the dollar any time they chose by dumping those securities on the world market. That makes for an impressive chip to hold over Washington's head any time they want to play hard ball. The sale of an endless supply of cheap consumer goods through Wal-Mart (they market more than $10 billion a month of these goods) has shifted control of the dollar from Washington to Beijing.
China has also embarked on a program of using those funds to buy up blocks of strategic resources and technology. For example, the super magnets used in the servo motors of cruise missiles used to be manufactured in the US. The Chinese bought that plant, duplicated it in China, and have since begun the process of closing down the US plant.
Walt _______________________________________________ Biofuel mailing list [EMAIL PROTECTED] http://wwia.org/mailman/listinfo.cgi/biofuel Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Biofuel archives at Infoarchive.net (searchable): http://infoarchive.net/sgroup/biofuel/
