| Subject: | Savings Grace for China and Debt Deface For America -- RE: China |
|---|---|
| Date: | Wed, 9 Mar 2011 11:47:34 -0800 |
| From: | Jas Jain |
Date: Wed, 9 Mar 2011 11:26:16 -0800
Subject: RE: China
To: jas_
"Imo, a financial crisis is baked into the cake for China. For me the big question is what will the Government's response be once the financial crisis can't no longer be ignored. Part of me thinks they'll take the pain and restructure private debts. I'm basically assuming that the Chinese will take a longer term view than The U.S. By accepting a debt deflation, the Chinese would be well positioned with low overhead costs going forward. Hu can say for sure?"
Yes, the Chinese policymakers enjoy the Savings Grace! Americans would "enjoy" the Debt Deface, well deserved I might add. There are consequences to allowing debt-pushing Crooks to take control of the economy and the govt policies. That is what is going to separate China from America and India during and after the Greater Depression.
Jas
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