/biz/ - Business & Finance

>>8743486
Yes, debt has been around for a while and can be a powerful leverage tool. The issue this time around is rather who you owe to: the second largest economy with an authoritarian government bent on usurping first place and actively trying to spiral your debt out of control

>>8704714
>What can china manufacture that the US can't
Wrong question
>What can china manufacture at a profit that the US can't
Right question

Lower cost of living, high job demand and better infrastructure make manufacturing in China much cheaper. The trump-hated trade deficit is actually a yearly $400b goods surplus that would require $600b to buy from anywhere else or produce at home. That's why it's been allowed to happen in the first place, the problem is that there's now too many dollars overseas and the US is getting literally bought up

>Be US
>Print dollars to buy chinese products for free
>Enforce petrodollar so that china and everyone else needs the dollars to trade energy with
>Greedily let this spiral out of control, china now huge dollar whale
>China begins to hoard massive amounts of gold, land (much of it in US soil) and other equities with their dollars, in what could be a prep move to dump and crash the dollar value
>Obama does nothing
>China now clearly planning to ditch the petrodollar and dump dollars
>Trump tries to enforce a tariff in order to reduce the rate at which they can buy equities worldwide
>Probably too late
> A low iq faggot at a singaporean orchid gardening assembly says "muh we can make everything china can"
>The absolute state of /biz/

This place truly has nothing of business & finance. It's just a shitload of brainlets baited into buying fake monopoly money