The money that runs out is not necessarily the Chinese money it is that of the countries importing those "Cheap Goods" every time you import cheap goods you export expensive money/wealth. When no one can afford to buy where do you sell.
western civilization is complettly (* check below) dependant on cheap sources, this can be china, ME, Africa .. it does not matter.
The point is, you can't just move the whole production within 2 years - and this is exactly what the author said.
Sure, as US banker/rating agency idiots (** check below) you can today manipulate some markets, but luckily not all.
But still, even with manipulations the dependency on cheap sources is such big that you have to be very carefull what
you doing (when you don't want to "blow away" your country as well).
Since few years investors are moving more and more money to ME (oh well, India belongs to ME somehow too) and Africa,
Asia is for sure still good market but not the cheapest source.
The problem is however that since too many local jobs got lost politicians are making some presure on
money-market - not that they really care but the point is they involved as well in money-making machinery.
(*) - China is making only 11% of world export volume, US 8.4 and Germany 8.3%. However these numbers are little bit wrong,
many US/Germans companies have manufacturing locations in China, that what they producing is counted as company
export and not Chinese export.
(**) - my nephew is working for one of the good known rating agency in N.Y., this is a pain in the ass for me as entrepreneur.
Empires rise and empires fall and these days it happens faster and faster.
no doubt, the history is the best proove. The only question is WHEN, the answer ease - as soon western civilization
found/moved over to another cheap source and/or china not cheap anymore and/or the whole corrupt world collapsed.