China gets upset as they see the US pull ahead in the race-to-the-bottom in terms of currency valuation. Seriously, we are managing our money, and our spending in general, with no more discipline than your typical third world country. Certainly we are introducing instability into our own currency and therefor into world markets with our quantitative easing (unrestrained money creation). Whether we are solely responsible or not we will be blamed for inflationary pressures throughout the world.
China rating agency blames U.S. for credit war | Reuters: www.reuters.com/article/2011/01/28/us-china-usa-ra...10128
http://chum.ly/n/63e193
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