[Cruising For Freedom]

This surprises ... nobody who's familiar with China and has been there.

Ours is an economy, possibly the only one, that believes in the idea that wealth is created from human innovation rather than plunder, and that human innovation must be protected through a strong individualistic philosophy and natural rights.

China is an economy that believes in plunder. Make no mistake, their economy may be run by a group of engineers that are smart enough to learn from the mistakes of Mao, but they are still communist at heart and therefore believe wealth must be stolen from the likes of the US and others, whether by labor & environmental manipulation, or wholesale ignorance of patent agreements & stealing of research.

Plunder-based economies always fall. Always. As long as we believe wealth comes from within, we will outlast even when someone can temporarily make their house of cards look bigger than our economy.

[jonrick46]

Brilliant analysis! When China’s economy crashes, there will be the problem of U.S. debt with China. Mainland China holds $1169.6 billion dollars in U.S. debt. China has a national debt crisis of its own, which makes its economy even more fragile. If China falls, there will be a domino effect in the world markets. It does not look good and one thing for sure, Zer0 is not up to the task for the economic challenges on the horizon.

[monocle]

Ours is an economy, possibly the only one, that believes in the idea that wealth is created from human innovation rather than plunder, and that human innovation must be protected through a strong individualistic philosophy and natural rights.

Obama doesn't believe so.