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I have said repeatedly in many<br />
of my previous writings on this<br />
subject that we need to take our<br />
eyes off the Western economic<br />
models and turn our gaze<br />
towards China. It is not<br />
coincidental that former<br />
economic powers such as the<br />
United States of America and<br />
several European Nations are<br />
now crumbling. This is the<br />
consequence of taking a short<br />
cut approach to economic<br />
growth. America used to be a<br />
manufacturing giant, and long<br />
before China came on the scene<br />
the world consumed American<br />
made products, and where<br />
doing so until Americans turned<br />
their gaze from manufacturing<br />
and unto the financial markets<br />
and “Wall Street” took over<br />
from “Main Street”.<br />
Greedy and unscrupulous<br />
bankers realized that they could<br />
make Trillions of dollars<br />
speculating and manipulating<br />
stocks and therefore did not see<br />
the need to invest in<br />
manufacturing or in new<br />
technology.<br />
The bursting of the dot com<br />
bubble in early 2000 is a prime<br />
example of this new economic<br />
reality that continued right up to<br />
the bursting of the real estate<br />
bubble in 2008 and beyond.<br />
Nothing has changed since then<br />
either, it’s as if the western<br />
democracies are deliberately<br />
trying to destroy their<br />
currencies and their ailing<br />
economies because the<br />
proverbial definition of a lunatic<br />
is somebody who “keeps doing<br />
the same thing over and over<br />
again and each time expecting a<br />
different result”. Whilst the<br />
western democracies were busy<br />
69<br />
speculating and gambling on<br />
the stock market china was busy<br />
manufacturing “real” products<br />
and selling them to the rest of<br />
the world. The Chinese also kept<br />
their currency weak so as to<br />
make their products affordable<br />
to the global economy. This in a<br />
nutshell was how China<br />
dominated the global<br />
manufacturing sector.<br />
It may have taken China many<br />
years to become the world<br />
economic super power but at<br />
least they have now achieved it,<br />
and their economy is built on<br />
the collective labours of microindustrialists.<br />
China has dollar<br />
reserves in the Trillions where<br />
as America and most European<br />
nations are in debt up to their<br />
eye balls. America cannot<br />
possibly pay back its debts,
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