Ruh-Roh, the Chinese are getting restless about all the money they’ve loaned to the little dictators doing business as “The US Government.” There’s nothing there to back up US debt but the little dictators’ ability to cajole and fool the sheeple into paying their taxes, and the luster has worn off of that strategy lately.
“We have lent a huge amount of money to the U.S., so of course we are concerned about the safety of our assets,” Mr. Wen said in response to a question at his annual news conference. “Frankly speaking, I do have some worries.”
Hmm, maybe my parody of the Facebook TOS hullabaloo isn’t so far out there after all?
Leading economists claim the measure is necessary to forestall national bankruptcy. “With debt – both personal and governmental – at twenty-five times earnings, the Chinese left the Commander with no choice,” said one economist. “They needed to know that individual labor could be called upon to keep up interest payments on our ballooning debts.”