1. our leadership elites off shored most of our manufacturing jobs and we allowed it
2. our leadership elites sold the bogus idea of globalization to us and persuaded us we could stop making things and become a service economy..doing each others laundry......and we allowed it.......where has it gotten us?
3. our leadership elites bought the congress for the past 30 years so various kinds of tax and other laws would be passed to make... making things here prohibitive and non competitive... making off shoring easier and we allowed it
4. our leadership elites sold to us the absurd nonsensical idea you can spend your way out of trouble by increasing consumption and going into debt and our math challenged populace believed them and went along.

the only ones who have benefited from the above 4 trends are the elites.....the owners of massive excess capital.......who moved it around where the returns were greatest...........and when they screwed up and blew themselves up from greed the same bought and paid for congress and executive bailed them out with whats left of our capital. these are indisputable mathematical facts. the only thing china did and i am surmising because i do not know for sure is in 2008 when the bubble finally imploded they demanded the fed reserve repurchase all the fraudulently sold mortgage and agency (fanny and freddie) real estate backed debt sold to them by wall street or they would dump their us t bonds enmasse and implode the usa economy. the fed imo bought back all the garbage mortgage backed securities ...MBS.. and now hold them on their balance sheet where their fester as real estate continues its reversion to the mean line trend. the facts are no one can really afford to buy a house which is more than 3 times annual income. this is an historical fact long understood by all bankers and home owners until the past 10 years ......when the idea that times were different got sold to people. in mathematics times are always the same.

china did none of these things, china is not responsible for our plight. look to your elected officials, business elites and wall street and in the mirror for believing all their bullshit in the first place.

everyone of us here on this forum had/s grandparents or even parents who survived the great depression, lived within their means and bought what they wanted when they had the money not before. as a nation and a person you can't go broke living within your means. china did not do this to us...we did by believing the fairy tales sold to us by our elites.... one day at a time.

you can not fix what's broke without getting to the core of the problem. we all surely know that on this forum.

we will as a nation sort this all out, but not before we go through the fire and cram down... voluntarilly or not.... the excess bad debt festering in the system which can no longer be serviced by real income. the math doesn't lie and doesn't care whether we believe it to be true or not. as a nation we have hit the debt wall of max debt. if we stop and cram it down in time maybe we can save whats left of our government and political way of life. if we don't and time has either run out or very shortly will then with the cram down in unsupportable debt will also go our political system, way of life and possibly even our national geography as we have come to know it.