Column: China’s commodity import trend driven by prices, not economy
China's imports of major commodities are often viewed through the prism of the performance of, and outlook for, the world's second-biggest economy.
This budget brinkmanship nonsense has happened 18 times in the last 30 years and America has been kicking its debt problem down the road for 60 years, according to investor Jim Rogers.
“And countries that are lending to America…Russia, China, a few other countries are starting to say, ‘we’ve got to do something else, we cannot keep putting money into US dollars and into US government bonds, because this thing is going to end badly,’ I’m not the only one who knows that.”
The US is exceptional, says Rogers, “it’s the largest debtor nation in the history of the world.”
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The Observer
America needs to start off a few more wars, they make lots of money from wars, and it solves their unemployment problem, and crime problem.