New York. 2008. $19.95 A must reading for all Americans or other thinking folks who want to help change USA: to stop spending and to promote responsible economic programs.
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On page 90: Bill Bonner,President of Agora financial research group said: China is creating real wealth. The Real Wealth of Nations should be the human resource in any nation to be educated and trained to enhance productivity for growth with plasticity in the 21st century.
Page 202: Wall Street Journal Correspondent Areday in Shanghai: "China and the USA are closely linked in economics. That is the same rationale as I sent my blogs in Sino-American Economics for readers to realize the significance of US-China relations in the days to come for mutual benefit. It is very clear that China is investing in the USA as a friend with trust and confidence. Should US cooperate and collaborate with China in global economic growth? The answer is obviously clear and known to thinkers.
IOUSA: "One nation under stress in debt." By Addison Wiggin and Kate Incontrera.
"The President-Elect better take this seriously or I fear that we'll be in a much worse situation than a recession." David Walker,former Comptroller General of the United States.
Four Deficits the nation faces:
1. The budget deficit.
2. The personal savings defit.
3. The trade deficit.
4. The leadership deficit as called by the author who resigned abruptly in 2008 over Congress's lack of action.
Francis Shieh a.k.a. Xie Shihao to compare notes with others. Nov. 9, 2008
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