Buying Friends

Mush Shedlock is mystified as to why China would load up on Japanese bonds when it is unlikely to pay off, and likely to lose money. How about buying friends?

Both capitalism and communism states defines themselves as a territory with a monopoly on violence.  Communism failed, and now capitalism has failed, so what is left except violence?  There will be a showdown over who gets to lead the world, and it will likely center on USA-India vs. China-Pakistan.  USA presence over there is forcing the issue.  We still have time to declare victory and come home.  But since that is unlikely, it makes sense for the Chinese to economically benefit anyone who may be a USA ally.

Bookmark this post --- Email this post