Asians save; Americans don't. And right now, "Red" China's economy is much closer to laissez-faire than ours, and far closer than most of Europe's. Our entitlement programs, already bankrupt (and with Obamacare added to the ugly mix) are pulling us down at an ever faster rate.

That said, the poor Chinese could be seriously victimized by holding ever more worthless US Treasury bonds. If they're smart, they'll stop purchasing them.

I keep telling people that this is the next wave.

I call bull. Why? Because right now, China is in copycat mode. Furthermore, it has 5x the population of the USA, yet only half of its nominal GDP. In other words, its GDP per capita then, is about 1/10th of that of the average American, who doesn't exactly live an amazing lifestyle either.

In my opinion, this too shall pass, after we vote out all of the ideological clowns out of congress, and replace them with more level-headed people.

If I had my way, the only people that'd be allowed to be congressmen would be those with at least a master's, and only an American citizen holding a PhD would be eligible for the white house. But that's just my own personal utopia--a government for, of, and by scientists.