Dragonomics 1

1) There is a, perhaps apocryphal, story of an old time HSBC (then BBME - British Bank of the Middle East) manager at a branch somewhere in Araby who was faced with a rumour inspired run on his bank. He quickly threw all the papers from all desks behind the counters and piled upon these all the currency that he could lay his hands on, opened up the vault, at the mouth of which he piled further dough, and announced that everyone could have their money back if merely they waited in turn. Confidence restored, run dissipated, mentioned in despatches.
2) What if the obscene reserves accumulated by China are the same thing? The cash pile that obscures the trash pile. What if all the dough is kited off the backs of foolish gweilo's (an oxymoron to any red blooded Chinese)? After all, none of us can explain the US economy, let alone the Chinese one.

Ponder.