Tuesday, March 19, AD 2024 12:29am

The Future?

Actually, I think if current trends continue, I could imagine in  2030 a group of Chinese prisoners under guard working in a rice field.  A passerby yells out, “What did they do?”  A guard growls at one of the prisoners, “Wang, tell him what all of you did!”  Wang sheepishly yells out, “We are the economic advisors who thought that American debt made for a good investment!”   As the screen fades, the passerby has to be physically restrained by the guard from attacking Wang.

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T. Shaw
T. Shaw
Sunday, October 24, AD 2010 7:40am

And said: “Naked came I out of my mother’s womb, and naked shall I return thither: the Lord gave, and the Lord hath taken away: as it hath pleased the Lord so is it done: blessed be the name of the Lord.” Job

Blackadder
Sunday, October 24, AD 2010 8:15am
Anthony
Anthony
Sunday, October 24, AD 2010 1:34pm

While I agree with the underlying sentiment of the ad (the purchasing of American debt by the Chinese government helped enable Washington D.C. to essentially spend the nation into oblivion), I’m not too comfortable with the sinister and demonizing tone towards China (and future China).

I’m not into blaming the Chinese for problems we created for ourselves. I suppose you could make the argument: if the Chinese were really our friends, they would refuse to keep buying our debt…

Either way, I’m just not cool with the Chinese as scapegoat, nor am I ok with enacting policies that would begin a trade war…

Anthony
Anthony
Sunday, October 24, AD 2010 2:26pm

To-MAY-to, To-MAH-to…

At some point they’ll realize the bills aren’t going to get paid. I’d rather take steps to ensure that our “rivalry” tends towards friendship rather than leaning towards inevitable conflict.

If it were me, I’d level with them while they were still significantly weaker than us militarily. This debt must be restructured, or it will not be repaid. That, and there must be major austerity measures at home… you can’t have one without the other…

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