Quote:
Originally Posted by Twistys Tim
The Chinese are dependent on Western civilizations. A tiny percentage of the Chinese population has managed to crawl it's way into the 21st century. An hour outside of Shanghai the countryside and the way of life is more reminiscent of 1909, than 2009.
The American system cannot collapse, as it is the foundation that holds the whole house of cards up. If America gets into hot water, it just prints more money, and the Chinese have to buy it -- if they do not buy, then the ship they are on sinks (and there are no life boats).
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I've seen first hand the villages around major cities like Manila and Bangkok. China and India have to be worse.
But it's a huge gamble they will continue to take less and less in real terms. The West has to balance the books. Living in perpetual debt is not an option.