Hey Ed + John. Ed writes: >Yes, because China is gaining more by buying the US in contrast to >taking.
Exactly; but doesn't this solve the problem? Red seems not to understand that when our government borrows money to pay for things rather than tax, what it is doing is selling the country to foreign investors. In this case, it's the Chinese who are buying our T-Bills. As you say, this process is accellerating. When the crunch you predict occurs, China will own truly substantial portions of America, so bombing us would make about as much sense as a landlord bombing his apartment complex to force the tenants to pay their back rent. I'm not sure why W. is so anxious to sell off America, perhaps he sees it as a bad investment? Maybe he knows something we don't. K.
