Quote:
Originally Posted by IllTestYourGirls
China is already preparing for us to stop buying their goods. Their standard of living has a lot of room for growth and they know that and have planned it that way. While we buy less their own people buy more and their standard of living goes up and ours goes down.
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It may take a generation for China to decouple. Peter Schiff is right about this I think... Just his timing is a bit off...