Nov 15, 2008

The borrower and the banker


The guy on the left runs a country that has lost 5 trillion in housing value and 1 trillion in equity (imagine a $1 million bill stacked 5 million high), has massive debt and trade deficits and maintains 700 military bases around the world. He devastated his country morally and economically.

The guy on the right (Chinese President Hu Jintao) is the banker. He runs a country which has massive cash reserves and trade surplus. His people have never felt greater national pride.

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