China Set to Bail Out EU

Remember just a few months ago all the euro trash punks commenting in glee about America's economic troubles?

China has said it is willing to bail out debt-ridden countries in the euro zone using its $2.7trillion overseas investment fund.

In a fresh humiliation for Europe, Foreign Ministry spokesman Jiang Yu said it was one of the most important areas for China's foreign exchange investments. The country has already approached struggling European countries with financial aid, including offering to buy Greece's debt in October and promising to buy $4billion of Portuguese government debt.

'To have any discernible effect China will have to buy a lot more than 5billion euros if they expect to have any impact on the negative sentiment surrounding Europe,' said Michael Hewson, currency analyst at CMC Markets.

Meanwhile...In America...

I feel I need to state to what is obvious to me.  Western civilization needs a fresh round of colonialism.  Actual or economic.  Capitalism functions best when markets are expanding...Either via new markets represented by land, or new markets via technology.  In short.  We need to start making stuff again...or start conquering again.