The Fantastic Map

There is a significant number of Chinese that don’t like the idea that the USA has simply been printing money and borrowing to pay for the massive imports from China.  They are offended by the fact that we owe them so much money and their government loans us more.

See: http://finance.yahoo.com/news/fantastic-map-shows-staggering-amount-200024702.html

Certainly we could stop importing and many Chinese would be out of work. They don’t want that.  It’s kind of like Greece and Germany.  As long as Greece was buying from Germany, and Germans had plenty of work, German banks were willing to loan them money.  Then they got all indignant when Greece said they couldn’t pay the debt.

When Chinese complain to me that we owe them too much money, I always have the same answer . . . “We can pay you tomorrow. Do you want cash or check?”