Is China Next?

In 2003, I spent some time in China to have some better, firsthand knowledge of that country before I became a Congressional candidate in 2004.

I had a great tour with a visit to a different industry each day, along with the usual points-of-interest stops, such as the Great Wall, Tiananmen Square, the Forbidden City, Peking Duck Restaurant, an alley city and other memorials.

At night we could watch the government in action on TV. It appeared the size was small, just a few, sitting in to make the decisions of state.

While the group was small, day-to-day ruling was done, good or bad, but it was done, with no demonstrations. Right now it seems that with the great growth since the Tiananmen Square affair where I saw the bullet holes quite near the site of the single China man standing in front of a tank, in 1989, just 22 years ago, perhaps the planners became guilty of the sins of other countries and have created the latest bubble that might soon explode.

It is good that Vice President Joe Biden is talking there as I write this because if China gets pressed for funds to support their needs, perhaps they will demand payment of some of our IOUs to them, as they hold about a trillion dollars of U.S. bonds.

Just remember, you heard it here first. With the stock market swings, it even has my computer not computing well. I will cut this short, because a longer effort had just been erased.