China is angry over US debt and says that America has to re-establish what it calls the “common-sense principle that one should live within one’s means.” Good advice for anyone facing economic stress today with the decline of the US dollar.
China has expressed strong concern at the downgrading of America’s triple A credit rating by Standard and Poor. As the largest single creditor to the US, China has every right to demand that the US address its structural debt problems to ensure the safety of Chinese dollar assets.
With this increasing economic uncertainty, many in the US are considering relocation overseas and Mexico is a favorite choice with its simpler lifestyle, lower cost of living, and easy access to family back home. We at Learn Vallarta can help you explore your options.
Some excerpts from Euronews/August 6, 2011