Tuesday, August 29, 2006

China's Got Too Much Money

According to MSNBC/Newsweek (hat tip to Fark.com for the link), China's "dollar hoard" is expected to pass one TRILLION dollars in the next couple of weeks.

This is worrying on so many levels.

Not the least of which being the fact that our country is in debt out the wazoo to China, of all countries.

The article, though, says it's worrying China, too. Worrying? Having a huge pile of cash and making the most powerful nation on earth beholden to you for more?

Seriously, I feel bad for the Chinese. They're talking about having to raise the valuation of Chinese money now, which the Chinese are afraid will cause bankruptcies.

My solution:

I will, as soon as I hear from the Chinese government, open an account in Switzerland, into which they may place as much money as they wish. Oh, there'll have to be a minimum. Let's make it one month's worth of revenues, or $17 Billion dollars. Granted, it's a drop in the bucket compared to what they're looking at, but the more they give me, the fewer their worries, right?

I've got to add that I have no intentions of spying on America in exchange for the money. I don't even have any access to classified information, anyway. So, I can't give them that, and I wouldn't if I could.

What I'm proposing is to bridge the gap between our cultures. They give me money, and I in turn tell everyone I meet how great China is.

It's a win-win situation.


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