8/7/11

China Should Mind Its own Business Its Future is Bleak

China demands U.S. 'live within its means' - latimes.com

I want to be very clear
By minding its own business I mean China's business decisions
The time will come when we do not do as much borrowing from China
As far as I can see China is emulating the United States
This is not good business
We have built up a culture and society that does not work
We have fallen prey to the big oil game
We have invested too much in cars
China is acting as though we are the Major Domo
China has cut back on its eco program
We have no alternative to continue with ours
All told I would suggest that China's business is no less shaky than ours



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