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To: elmatador who wrote (77371)8/7/2011 10:29:53 AM
From: Hawkmoon2 Recommendations  Read Replies (2) | Respond to of 218167
 
Meanwhile, China has called upon the US to “live within its means”,

Oh!! NOW they say that!! After selling us all of their stuff on Chinese credit (via T-Bill purchases) and keeping their Yuan artificially low. At the same time, they construct buildings that no Chinese can afford to use/occupy and inflate their GDP numbers.

I wonder how many Chinese workers will suddenly find themselves without jobs if the US implements their recommendations?

The Chinese economy has been running on "manufacturer financing" for years.. Selling us stuff and parking the cash in US debt instruments in order to keep interest rates low. They are just as responsible for the current debt crisis as the US.

That's the reality..

Hawk