Image by World Economic Forum via Flickr
One of the motivation guys I used to know always used to say, "Everybody wants to be somebody!' And I whole heartedly agree. That also applies to countries too.
In reading this following clip from a recent Reuters News item, it's obvious that China is in yet another way taking over the role of the US in international finance:
(Reuters) - Chinese Vice Premier Li Keqiang has said his country is willing to buy about 6 billion euros ($7.9 billion) of Spain's public debt, Spanish newspaper El Pais reported on Thursday, citing government sources.
As you read through the article it's obvious that China is 'buying into' the global community. What I'd like to call to your attention is the realization of what that's going to do for their world influence.
Just as you gain influence in a neighborhood when you start up a business in it or invest in it or become involved in neighborhood charity, likewise the same thing happens when you start investing in other countries. And especially so when you bail their ass out of a financial crack like Spain is in right now.
Think about what that's going to do to the global balance of public opinion.
The US is really the only country that is worried about expanding Chinese influence and power right now. That's because the only power they're threatening is us....the US. We're the only ones who really had anything to lose (regardless of what you think of the reasons we've been the major world power up til recently).
When China starts spreading money around town, by buying up other nation's debt, they're going to have a lot of friends who are going to stick by them in any future geopolitical disputes in world political bodies. More specifically, the US is even more likely to be outvoted in the UN....not to mention other, lessor world bodies.
I was also reading an article just today in the always interesting www.sovereignman.com site discussing the fact that China's currency market is very strong now and likely to become stronger.
Don't be surprised if China, or at least parts of it's economy, become one of the new opportuniteis for global entrepreneurs of various sorts.