Nothing terrifies me more than the thought of China becoming the world's economic superpower (it is also clear that the Chinese government will even steal corporate and government secrets to get a competitive edge). Eventually, China will either steal or buy military technology as well, it might also become a military superpower. That will not be a good day for humanity because the Chinese Communist Party is a group of power-hungry, thoroughly corrupt thugs who have absolutely no morals. Expect them to support dictators all over the world and anyone who opposes them will be destroyed.
There is more bad news. Latest data shows that Chinese people now hold an incredible 25% of the world's savings (yeah, the Chinese are the new Japanese), approximately $4.5 trillion. It is also a fact that we keep borrowing from China so that we can keep consuming the junk from China. So what will the Chinese do with all this money? As the Japanese did in the 80s and 90s, they will simply invest it overseas and buy assets. In other words, chances are that many of our so-called American companies will be owned by Chinese and we will all be forced to work for the Communists.
My only hope is that at one time we all were afraid that Japan will take over the world and look where Japan is today (I even learned Japanese to please my future Japanese bosses). I hope that China will collapse under its own problems and we can continue to dominate the world.
There is more bad news. Latest data shows that Chinese people now hold an incredible 25% of the world's savings (yeah, the Chinese are the new Japanese), approximately $4.5 trillion. It is also a fact that we keep borrowing from China so that we can keep consuming the junk from China. So what will the Chinese do with all this money? As the Japanese did in the 80s and 90s, they will simply invest it overseas and buy assets. In other words, chances are that many of our so-called American companies will be owned by Chinese and we will all be forced to work for the Communists.
My only hope is that at one time we all were afraid that Japan will take over the world and look where Japan is today (I even learned Japanese to please my future Japanese bosses). I hope that China will collapse under its own problems and we can continue to dominate the world.