Jim Rogers: It's easy to blame China, but it deflects attention away from the real problems
Every time we have problems, people instinctively blame foreigners. Its easy to blame China for the US woes, but really the debt and the uncompetitive nature of the US economy cannot be blamed at China's feet. We have to look at our own policies and find the real underlying reasons why the US economy is uncompetitive.
Truth is, we don't save enough.
The three people that always get blamed are foreigners, because they don't vote. They blame bankers because people are envious of those who are successful. The next person they blame are jounalists.