... and got American and Europe on the ropes of debt.
The couple-page analysis HERE is about as good a summary of China's successful economic strategy as I've ever seen. Well worth your time to read and digest. The conclusions about what we must do to avoid the dustbin of history are right the to the point.
The Debt Ceiling is a total red herring. So are the "plans" by the political parties to deal with our debt. The story is the debt itself, how we got to where we are, and what we must do, if bitterly, to correct it. Few will be spared - my parents grew up in the Depression and remembered it vividly. Most sacrificed to one degree or another.
Oh, I and I wouldn't be looking for a replay of WWII to 'save' us. The war is already well advanced, and it is ECONOMIC, not military. China used asymmetry to its great advantage in gaining the economic upper hand. Time for us to wake up, generate a viable strategy and action plan, and work like hell to execute it.
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