Sixstrings wrote:americandream wrote:The "we" that matter in America own most of its wealth and steer government policy. You can huff and puff all you like, this will not alter things one iota.
True enough..
But if it costs $20 for bread becasue China seriously dumps bonds and say we've pissed off the Europeans and say we've let Japan twist in the wind and they're not friendly with us anymore either, and we done lost the Saudis a long time ago..
Then standing in the Walmart looking at that $20 loaf of bread I'd be in that "we" too, as far as consequences go. I don't like the 1% and banksters in charge either, but I know the realities here, and I have US dollars in my pocket and I know what could happen to their value if the paradigm gets screwed up.
The bonds are nothing. The real connection is in the trillions of American FDI and the wealth it generates for the rich. You tax dollars are small change and were possibly dumped for reasons more related to the FDI interests than a government spat. Remember, it was American money that turned an agrarian China into the world's factory.