I don’t know where you’re both taking this argument but it is not in the direction I thought. The BRIC org has nothing to do with large companies and shareholders. And Large companies and Corporations are no different from the small companies and shops...all trying to squeeze that last $/£ out of our pocket so let’s get with the real world and the word from top to bottom is greed.

BRIC org has all to do with cheap labour and undervalued Chinese currency, if your country has neither of these assets or the raw resources to make and sell something cheaper than another country, then you tax that other country so that they cannot undercut you. That is down to the Fed Government not the big companies keeping your Kin and Kind in the black. The Fed Govt should be addressing the Chinese problem, as it only needs a little problem worldwide to bring a country to its knees, [As seen in the UK and Europe]. The Chinese might also be waiting for that blip themselves as they are now tightening the purses at home. If no one addresses the Chinese problem it will be as denu says, China ruling the world, or a large lump at least.

The USA has $14 Trillion in debt, and if 60% of that is Chinese paper then your country should be addressing that. The UK, are in £160 billion of debt now but we are addressing it, at the same time some of the European countries owe the UK personal debts of £90 billion +, so it not looking as bad as first seen, and those countries in Europe are also addressing their debt.

Be well IAN 2411