Wow, this is the most ridiculous thing I have ever seen. This lady actually said that poisoned products from China are a good thing.
Here is where she is wrong:
A. No, I don't think anyone is willing to pay any price for poisoned dog food or toys
B. Nobody needs Walmart. I have only been to a Walmart like 3 times in my entire life and I get by. Man kind has existed for thousands of years without Walmart.
C. If costs in China were higher it would be a good thing, not a bad thing. Higher costs in China means US manufacturers (who don't sell poison and are subject to FDA standards) will be able to stay in business and hire employees who make a fair wage and aren't exploited children.
D. Poison products from China don't affect mortgages in the US and I would bet it's a hard sell to say that their devalued currency has any relevance to our mortgage situation in the US. Providing interest only loans to homeless people affect the mortgage crisis in the US, not what happens in China.
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