China Blames the U.S. for Being Insolvent and Facing Bankruptcy

As we all understand, there are two opposite views on China. Some argue it is headed for a collapse. Others contend the U.S. is in much worse shape than China. Time will tell.

From Jesse’s:

China is not the only country that resents the devastating frauds that the US has perpetrated on not only its own people but the rest of the world through its Wall Street banks and ratings agencies.

Most Americans overlook this developing estrangement that is beginning to isolate the US and UK from even their traditional allies in Europe and South America and Asia. This is a serious error, but so typical of the short term mentality dominated by greed, dishonesty, and self-delusion that captured the American psyche in the latter part of The New American Century. But what choice does Europe have except to take what the Anglo-Americans serve them. Take it or leave it. And ain't currency war hell?

It never pays to have a 'checkerboard mentality' when your opponent is playing Go."

http://jessescrossroadscafe.blogspot.com/2010/07/china-us-is-insolvent-and-faces.html