Dow Jones plummets - Chinese laugh
The Chinese stock market fell 9% in a day and when the US markets realised it, they did as expected and panicked. China watches and smiles as they see the US markets knee jerk and sell off. Why smile when their own market has tanked? Simple, in China they don't care because it was a short term plan to drum up some business for China! How so?
The US stock gurus read the wrong signals coming out of China and thought the world economy was on the way to hell. As a result, there is suddenly no value in any American business that was doing just fine yesterday. Manufacturers in America then think, "Shit, we really need to drop prices to counteract the impending drop in consumer confidence. What do we do? Oh yeah, outsource more jobs to China."
Bingo, China gets more orders and buys more cheap US stock with the proceeds and buys up more debt and so it goes on, eating into US sovereignty and eventually achieving world domination.
Outsourcing cures all economic ills
The US stock gurus read the wrong signals coming out of China and thought the world economy was on the way to hell. As a result, there is suddenly no value in any American business that was doing just fine yesterday. Manufacturers in America then think, "Shit, we really need to drop prices to counteract the impending drop in consumer confidence. What do we do? Oh yeah, outsource more jobs to China."
Bingo, China gets more orders and buys more cheap US stock with the proceeds and buys up more debt and so it goes on, eating into US sovereignty and eventually achieving world domination.
|
