Charles, China has been financing the west's deficit spending for some time. The relationship is strongly interdependent, and China's export based economy would collapse with the loss of the American market.

Sure, China has reinvested it's cash reserves within, and abroad. The question becomes though, with an increasingly global China will it's pro growth policies hurt it more then hurt it? Massive investments in commodities for planned growth could hamper domestic plans, and already property bubbles are becoming apparent in many of the fastest growing areas.

We'll see, but as it stands Osama bin Laden still is the most important man of the decade. China was nowhere near as powerful as it was now between 2000-2005.

ya, yo're right Bison.

But now, they try to develop their domestic market to get out of this interdependance.
It just arrives earlier that they wished it.

(Europe has other problems to rule but not this one, so deep.)

The only way to not collapse for the USA would begin by:
- high level tax for richest but the middle class too now ! (because it's already too late)
- complete and severe reforms of the banking system "to get it back in the box".
- tarifs
- probably massive public investments in new industries. (but which one ? Nobody knows ! green energy but what else ?!)
- close the US bases outside, reduce the army, stop the agressive policy of war.
etc

All things Obama should have done since the beginning. But he didnt understand how terrible is the situation. Too late now.
And anyway he wont be able to act because he lost his majority. So...

In the 30's, the USA had:
- a positive trade balance.
- a positive invest balance
- powerful industries
- stocks of, gold
- no debt

It was almost a cool situation in comparison with today !

During one of the last visits of Obama in China (in order to ask them to keep on buying treasuries), he said to chinese students that the Dollar is still a solid currency. And they all laughed at him !

i change mine to tpain

Did Osama bin Laden change the world ?
--> Not at all
Did Bush ?
--> Not either
Obama maybe ?
--> not more

Is China changing the world ?
--> Oh yes ! Deeply

So Charlie's answer to the most influential person of the last decade is CHINA.

(and he wonders why I decided to stop arguing with him...)

Wew Kdicemod,

Just read the posts on the previous page at least. that's not so difficult even for u dude.

To all of us dumb asses who play this game and read this shit -

It would have to be Ryan, right?

or maybe monte

I don't care.....98% of the world couldn't name the Chinese President if they had his picture in front of them. What a wonderful country, China. Let's censor everything so we can keep our populace under control. Let's keep most of our population poor and treat them like animals.

I just think it's funny that you think the U.S. will "collapse". I guess you're entitled to your opinion.

This is China's future...........they better save their money.

http://www.timesonline.co.uk/tol/comment/columnists/rosemary_righter/article6736697.ece

Lol, always your stupid nationalist reactions.

Where did I say China is a wonderful country ?!
However I say the USA are clearly out of the global game now. An evidence.