For all intents and purposes,
I think that the US is a 'bankrupt country', mostly because of the
excessively consumerist-lifestyles of its own
populace:
It's
people are 'perverse' and unhealthy: [Tue, Mar 16, 2010]>
'Woman aspires to be the world's
fattest female':http://www.asiaone.com/Health/News/Story/A1Story20100316-204955.html > Should
current trends continue, 75% of adults in the United States are
projected to be overweight and 41% obese by
2015.[5] >
Yes, easy money through fame, but perhaps that's why The United
States spends a greater
portion of total yearly income in the nation on health care than
any United Nations member
stateexcept
for East Timor
(Timor-Leste),[5] ...The
direct medical cost of obesity and indirect economic loss to
obesity has been estimated to be as high as $51.64 billion and
$99.2 billion in 1995,
respectively;[6] this
rose to $61 billion and $117 billion in
2000.[7] (*and
these figures are 10yrs old)
The U.S.
ranks seventh in energy consumption per-capita after Canada and a
number of small countries.[2][3]
US$3706.1
Billion, the Estimated
foreign holdings of U.S. Treasuries as at
Jan2010 by
foreign countries.
The US can in this case raise
protectionist measures all it wants, however, pressuring China to
raise it's exchange rate should be the last of it's priorities.
According to the Bible, Matthew 7: 5: "You are not true to
yourselves! First take the stick out of your own eye. Then you will
be able to see to take the dust out of your brother's eye".
Perhaps the US should return to its Christian roots, stop meddling
in other's affairs. Do its own social housekeeping before blaming
other's for it's own unemployment problems- get the society up in
ship-shape, get the people educated, innovative, research
environmental causes, help each other and make US culture one where
the world would want emulate. By all means, be protectionist for
the time being to boost the US economy, and lastly, strive hard to
buy back US treasuries whilst living frugally for the time being to
compensate for your previous years of decadent spending. US
senators should drop their crap excuses, cos without better living
concepts, US can never beat Communist China's Billion population
based on factory productivity alone.