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Who is paying American's credit card??

(2007-08-11 07:44:13) 下一个
America is a country living on credit. But has the whole world ever think of, or dear to think of the risk underlining this whole credit?? Definitely, nobody dear to think. As the collateral is the whole world's future and fortune.American is a nation living on credit. No only the individuals living on high debt, the government also has huge deficit. Too manys blame China to be the villain who causes the America having high trade deficit, undervalued RMB is means. Has anybody ever think of that China is subsidising the America by providing undervalued life necessities, while facilitating the American's huge credit line, enable them to enjoy the luxury life while in advance of they earn the money. Is the whole world gone mad, or being fooled around by ourselves??The one who over spent at the benefit of others blame others selling too cheap and lending too much money to himself?? Maybe one day we will find a son sue his parents spoiled him too much, so that he does gain the ability of living on his own.Now, think about it. Who is paying for the credit card of the sub-prime loan now? The sovereign funds, i.e. almost the whole world, from you and me, because eventually, we are the contributors of these sovereign funds.There is no fairness in the world. Yet, there is an invisible hand behind all. The world pampers one to over spend, therefore everyone will feel the pain; while the pampered fears most.This invisible hand is the law of nature. Next paper will explain why America over spend, and why it is not her own fault.
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