When the American government announces one day in the nearish future that China is now the biggest economy in the world and owns half of the US, don't hold your hands up in surprise and horror. And when the current wages of illegals seem like the good old days of fair pay, don't be dismayed. Just remember you heard it hear first on the 15th June 2007!

Housing boom boosts Chinese imports

It is simple inexorable economics. After dressing up a whole house for rental purposes and going half mad in the process, I can categorically state that the post 9-11 US housing boom has provided a bomb-proof platform for China to dominate the world economically. American homes are expensive receptacles for Chinese goods. Every piece of furniture, every frame, piece of cutlery, cookware, rug, corkscrew, you name it, however carefully you shop, bears the mark of a poor Chinese prisoner.

If it has Ikea or Walmart stamped on it, or has any wicker, cane or chintz in it, that item is not made in the US of A - and if it is sold to you in a US superstore by a retiree or school leaver, that equates to a US workforce getting poorer. Head for the fields, the wages there are looking quite good.

Wall St endorses the decline

And now the stock market is going mad over news of low inflation. They are of course ignoring gas prices in the equation, er, in a nation dependent on gas. Good one! That is the end of sanity. The rest of the demise of the US economy is like the A to Z of how to choke yourself on a golden egg.

I cannot believe I am the only pisstaker with a basic grasp of economics who can see the way it is going. I can only presume there are a few knowledgeable people making a quick buck on Wall St?

The red terrors are warring on US soil

One thought that crossed my mind in my delirium as I buckled under the weight of a sofa - maybe the Chinese instigated the war on terror. It makes sense. As I said earlier, a house-building resurgence dragged the flagging US economy along after 9-11, China has the merchandise to equip the empty shells... just a mischievous idea!


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Tags: global economy, Housing