Why America is in Such a Horrible Mess and Begging China to Reform!

It takes two major mistakes or one bad policy, that of not paying a 'real' interest rate, or two situations to get into a real mess.  America has found them!  One is a financial melt down that calls for lowering interest rates if it is to be sorted out the incorrect but preferred way!  Two is a manufacturing meltdown that calls for lowering interest rates in order to avoid the competitive exchange rate disadvantages of doing what is needed which is the very opposite!  

Two bad policies don't make a good one, and so America is caught in a full economic meltdown from which there is no easy end other than massive unemployment of both labour and capital.

America, solve your problems and raise your interest rates!!!  Start paying your way in the world economy and stop living off your generous trading neighbours.  Don't worry about China. The problem is at home, and I don't expect that you will really deal with it as countries in Europe are being forced to!  Just watch others suffer with deflation and see your financial Viet Nam emerge from the financing mistakes presently being made in America.  Have pride and don't beg China for reforms when the real issues are at home. 

Will ye no think kindly on those who would be your friends!  May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.