The Chinese Would Appreciate It All In Just One Bag

It seems our neighbors to the East have decided to become pedantic. A little over thirty years after they opened their own markets, China has decided to direct the US on how to square away our own....

The modest, shy and retiring Wang Qishan offered the always friendly advice we've come to expect from the land of wide-spread, compulsary abortion.

“We hope the US side will take the necessary measures to stabilise the economy and financial markets as well as guarantee the safety of China’s assets and investments in the US,” Mr Wang said.

Zhou Xiaochuan, governor of the Chinese central bank, urged the US to rebalance its economy. “Over-consumption and a high reliance on credit is the cause of the US financial crisis,” Mr Zhou said. “As the largest and most important economy in the world, the US should take the initiative to adjust its policies, raise its savings ratio appropriately and reduce its trade and fiscal deficits.”

So if I grok the water here, The Towering Wang has just told Uncle Sam to stop buying cheap, worthless crap it can't afford and putting the bill on plastic. Consider it a given that we buy a lot of that cheap, worthless crap from The People's Thugocracy.

We then sell our treasuries to manufacturing nations with currencies that are meta-stable at best. This gives us the cash to pay the bar tab, and gives these manufacturers of cheap, worthless crap a stable investment to butress their otherwise dodgy currencies.

So maybe, just maybe, we should take Wang's advice. After all, flushing the Chinese economy down the commode may indeed prove cheaper and wiser than continuing to defend the Taiwanese Straits. It would also have the added benefit of avoiding future recurrences of having the diplomatic equivalent of cheap dime-store thug telling us to gather our economic defecation into just one plastic bag.