Don’t US Politicians Understand This?

If the Europeans continue to fight among themselves, regarding who bears what losses – and who has to face what kind of public accountability – which other countries gain on the global stage?

Who has the ready money available to recapitalize the International Monetary Fund, if needed?  And it will be needed if Spain comes under serious pressure.

Who understands the strategic concept that piles of “reserve currency” can give you great political leverage?  It is hard to find such thinking among today’s generation of American politicians.

And who is already playing international economic chess at the highest level?

China.

via Who Gains From The Eurozone Fiasco? China « The Baseline Scenario.