Friday, December 5, 2008

China Encourages Americans To Boost Their Savings And Investments


Dragons have long been a symbol of power and usually depicted
by fierce looking creatures. This dragon represents the inner manifestations of ourselves, the dragon has always been living in us but for most of us it is in slumber. Our highest purpose is to awaken the sleeping dragon and to see the dragon, one must be courageous.

To slay the dragon means to slay the poisons of our mind, the
poisons of fear, greed, hatred, jealously and selfishness all of which
are destructive emotions and corrupts the mind. In the heart of the
dragon lays a powerful blaze of love but we must be willing to slay
the dragon, the ego within ourselves, a false sense of self love.
The dragon is waiting patiently in our hearts for us to reveal its
courageous spirit.

On 30 September I wrote here are Americans to blame for the current credit crunch? Chinese savings rates have averaged 50%, maybe we should be taking a lesson from our Chinese friends?

China with the worlds largest currency reserves, have invested
$2 Trillion Dollars in U.S. Securities making them the largest
holder of Treasuries.

On Thursday at the Strategic Economic Dialogue between China and the United States in Beijing, Henry Paulson was lectured by his Chinese counterparts to stabilize the U.S. economy and boost Savings rates, thereby protecting investments that we have come to rely so heavily upon by other countries.

More here from Financial Times of London