Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
In other words at this point the State can continue playing kick the can while juggling if they are not blindsided.
“The former Citigroup chief executive infamously said in July 2007, referring to the firm’s leveraged lending practices: “When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.” – Charles O. Prince III
Citigroup is basically saying to keep on lending to Illinois until they default. But they won’t…wink wink..