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China owns several hundred billions of U.S. treasury bonds. USA is broke, running a huge budget deficit and spending money that it does not have.|
When you are broke, sell what you have to pay debt. That's just common sense.
USA should sell some of what it has, such as land, minerals, and encourage companies like General Motors, Bank of America, etc. to sell themselves.
China has the money to buy an entire state such as Nevada, New Mexico, and others. Perhaps the USA should entice China with offers better than Nevada or New Mexico. How about a part of California? How about one of the ports in Los Angeles, either Port of Los Angeles or Port of Long Beach?
Selling off part of Americana is a good thing. The money can be used to help pay off the huge budget deficit.
China, after buying Nevada for instance, would probably build factories there. That would create jobs for poor Amerikans. Chinese bosses are generally better than Western bosses. Besides, Chinese companies would give employees an additional month of salary at the end of the year, namely, two months pay in December. Sounds unfamiliar to you? Naturally, Western culture has not advanced to such generosity yet. Chinese boss knows better how to treat employees who make money for the boss.
Another thing, China can buy the Indian reservations from the native Amerikan Indians. Indian reservations are "sovereign nations". As nations, they don't need approval from Washington to sell their land to others. This is definitely a possibility for China to investigate.
Amerikans want China to "buy Amerika". China can buy smartly, especially land, factories, banks, .... to the advantage of both the Chinese and the poor Amerikans.
It is a win-win.
[ Last edited by myfriend at 2009-3-13 12:43 PM ]