Friday, March 27, 2009

China's Solution: Invest in America

Everyone is talking about China as a prisoner of the current currency problems, as the dollar gets devalued, wiping out their dollar reserves.

Here's a crazy idea: why don't the Chinese use their dollars the way international trade is supposed to work, and buy American. Why is everyone acting like their only choice is to buy more financial securities?

They should do like the Japanese in the 80's: invest in America. Specifically, use their dollars to build factories in America. Especially targeting things that the Chinese people need.

Lord, its like international balance of trade is a frickin' alien concept to the universe...

Newsflash to the Chinese, stop buying paper and debt, which only encourages our idiot politicians to do fiscally unsound things, and invest directly in American industry, which will both expand your bottom line and give you a great ability to trade with America.

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