My Dear American Friends:
The Red China does these days to the Africa is the same as you did it to the South America. I still remember the Brady bond creation is try to solve the bad loans that U.S. banks made to those countries of Latin America. But it turns out to be the best investment in the decade. It just shows how great American people contribute to those countries of Latin American because Latin American nations pay down all their bills and their higher inflation is largerly reduced. The most important thing is the lives imporving and living standard upgrade. It shows even the States uses those QEs to help itself, it also makes those countries feel better. Argentina still can not stand on its own feet but Brazil already becomes the fourth or the fifth nation with largest foreign (currency) reserves. It just shows the trend of higher food price and higher oil price does bring wealth.
So the USA has to follow the trend because it has great volumes of food production. It needs to trade its productions to those nations with larger foreign (currency) reserve. Brazil uses less oil reserve for its own consumption and those oil reserve is used to accumulate its foreign (currency) reserve. We already know American people need decent jobs and those jobs can bring more wealth accumulation and more stable financial system and even better US financial markets if American people can accumulate lots of money in your society. It is not a vicious circle but a good cycle as American people get employed and accumulate their wealth all over again like used to be. But all those things are based on the strong output and export of the States. It just need American people to think HARD what kind of output you want to produce which is valuable to the rest of the world. We see a big improvement of the States and we all expect to see some greater progress for the employment of the States. BUT it needs time and market mechanism. American is the great nation because it respects the nature of supply and demand. You respect the science and you always try to improve the way of thinking you have. That is the reason why you are a great nation.
Idea or philosophy does drive the world for those years. Those innovative ways to resolve the malfunction of market make us believe the USA will eventually get out of the wood but just needs a longer period of times than others think. This time you have to solve all those issues all at once. You have to increase your people's wealth and reduce the unemployment both. So it does need a lot of time.
You have to renew your nation and rebuild several new ways of living that we have not dared to dream of. The life style has changed these days as the States becomes more energy independent. The way of thinking has changed a lot also when Americans try to fix those mistakes who made in last decades. I still believe the flexibility Americans have will bring some good things to others. You know the reason behind that the Red China brings two millions people to Africa and makes many loans to African nations is due to the jobs creation for their own people. It is the thing American people should follow as you did it before in the South America.
Believe those tradings between nations bring prosper and jobs is all you have to do. American people should try hard to increase bilateral trade with those African nations or others in order to increase the possibility of its own employment. It seems to be an easy way for American people to reduce the unemployment rate than to create something new for others to consume or invest.
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