Originally Posted by
onehundred80
That is my philosophy too, it means that I do not buy much these days.
Originally the cheap stuff was made in China and this affected the lower paid workers who worked at places that made the cheap widgets. They went to Walmart and purchased these cheap items that helped them lose their jobs. Then the more expensive stuff was made in China and the cycle was repeated. Soon all items will be made in China and then they will double the prices and we will be screwed. That is a simplistic way to look at it, but not too far out.
So sad, and so true. Our debt to china is astronomical. I fear my great grand kid's great grand kids will still be paying it off, and they won't have a job to do it with.