Satire: China Calls In U.S. Loans, Demands California

["Fergie" <fergdawg () netzero net>]

Via Newsweek.

[snip]

In a move expected to roil the world economy, China today called in all of its loans to the United States and demanded 
the State of California as repayment.

For years, economists have seen the U.S.'s heavy debt burden to China as something of a ticking time bomb, but few 
anticipated that Chinese President Hu Jintao would insist that the U.S. repay the loans by signing over ownership of 
the Golden State.

According to University of Minnesota economist Davis Logsdon, owning California would give the Chinese an opportunity 
to reverse its longstanding relationship with the U.S.: "China would own the Hollywood film business, and the U.S. 
would have to settle for pirated DVDs."

[snip]

More here:
http://www.msnbc.msn.com/id/13048272/site/newsweek/

Cheers,

- ferg


--
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawg () netzero net or fergdawg () sbcglobal net
 ferg's tech blog: http://fergdawg.blogspot.com/


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