And now, possibly in preparation for the kinds of books I'll be reading to our son when he's a bit older, I'd like to present a rant in the style of those old "Dick And Jane" books from eons ago:
Consumers in North America have been buying Chinese-made toys and other crap for decades, because it's cheap.
Oil has traditionally always been bought/sold/traded in US Dollars.
China bought oil from Iran, and paid for it in Euros.
The American government doesn't want oil to be bought/sold/traded in Euros.
The American government began conducting safety tests on Chinese made toys recently, and guess what? The toys aren't safe all of a sudden.
China is about to host the biggest circus of all, The Olympics.
Most places that host the Olympics lose money on the deal.
The North American media has also recently informed us that a lot of the food in China is bad.
People who go to the Olympics want to eat occasionally, but not if the food is bad. People may not go to China to see the Olympics if the food is bad.
China may lose lots of money on the Olympics if people don't go there because the food is bad.
China may lose lots of money if the American and Canadian governments stop the importing of Chinese-made toys and other crap because they aren't safe all of a sudden.
China shouldn't have bought oil from Iran with Euros.
Bad China, bad.