China bails out USA but can we pay back?
Clinton asked China to participate in the financial toxic waste treatment and buy treasuries.. as if China did not have enough on their hands buying industrial assets, but – when and how and with what will the US pay back?
As China reaches out to buy another chunk of treasuries one cannot but be in awe of the intricate global web that the economic machine has become with a hitherto unsurpassed level of interdependancy and interlocked ramifications.
Not very long ago our present benefactors were our communist enemies, then they became the production park for our toys, and now they have a probe on the moon. The US and most of the western world funded the rising star through consumerism. They were of course happy to take our money even though we scorned and taunted them for their cheap products as we slouched on the couch, lazy and bloated with pride at having gotten a “really good deal” on the China gear.
Asians are business-minded and disciplined. China grew by the day and applied sound asset management and metamorphosed in the blink of an eye from the cultural revolutionary commie politburo algamation to global powerhouse that really knows how to move in fast and secure the best nuggets for cheap. There is much to learn here.
How to build long-term plans. How to apply them (demands authorative power). How to do get paid instead of how to borrow. How to keep a couple of aces in the sleeve, and – quite surprisingly – how to do “good deeds” beyond pure necessity. Very interesting.
The “new” red nation now supports the ailing chronic but, in good Asian tradition, balance is sacred (No, not creative bookkeeping.. real balance) and measures must be taken to safeguard it. Headsup. Well, time will tell, but how did we get here? Too much TV perhaps.
China´s philanthropic eager might backfire though as the Dow and most financial markets are moving in the opposite direction from the real world economy. I read on CNN that Premier Wen recently expressed “To be honest, I’m a little bit worried. I would like for you [a Western reporter] to call on the United States to honor its word and stay a credible nation and ensure the safety of Chinese assets” This was before the Obama administration revealed the toxic asset plan.
Perhaps a bit of balance has been restored 
Related posts:
- AP reports strong China exports
- China lifts the Dow but not enough
- Stronger Yuan to boost commodities and hurt imports
- Japan and Asia continue decline Q1
- Mixed global market signs
Seed Newsvine
