Globalization, ai, automation and the internet have changed everything about commerce

We don't live in the same world we did 25 years ago

Manufacturing jobs were primarily lost because of automation

Yes we live in a world where china is trying to take over

no they weren't

idiot

There's plenty of statistics on that

it was from outsourcing

Remember when Trump save that factory during his campaign?

The chinese regime should be burned to the ground

it's the only way to protect our future

The guy who owned the factory got a couple million and tax breaks... To keep it going.

he was interviewed and they asked him what he was going to do with the money... He said automation.
It's anecdotal..but ironic

There can be no green initiatives as long as china still stands

period

The Chinese already ow half of America. Trump just gave them more ownership by putting us more in debt

Own

This is a war

We are never going to pay back chinor

China could ask for it any day and if we don't pay it that our credit rating goes down

That's not how it works

Use credit karma

That is how it works

China isn't ever getting their money back

it's not even that much money either

almost all of our debt we owe to ourselves

Do you know what happened in Greece?

@pennypal
They owe us actually for helping them a ton

GG @Svea Rike, you just advanced to level 4!

Greece-oof

china never lent us money, they only purchased some of our own debt

a small amount mind you

only about 2 trillion or so

We are our own primary creditor

because of the jacked up federal reserve system

where we borrow money from ourselves

The U.S. debt to China is $1.11 trillion as of May 2019. That's 27% of the $4.1 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $22 trillion national debt is owned by either the American people or by the U.S. government itself.

^

so even less than 2 trillion

literally nothing

War with china is inevitable

China has held more than $1 trillion in U.S. debt every year since 2010. That's when the U.S. Department of the Treasury changed how it measures the debt