Submitted By: Jesse Bilsten

Ignore the fact that there are 1,321,851,888 Chinese and only 301,139,947 of us and come up with some sort of average and according to the trade deficit with China an average American owes an average Chinese $4,000. Add that to the $30,000 that we owe in our share of the national debt and each of us owes at least $34,000 to the global community we’re borrowing against after we get out of college. Of course that was back when I was putting together this article and over the weeks of reading more articles we’re now somewhere around $79,000 that each tax payer owes. Plus we’re getting back another $600 in tax refunds. Of which we’d think would come from a tax surplus. We’d be wrong. The rebate will be another $150 billion that we’ll be borrowing from other countries. The largest of which is China.

Whether we like it or not we’re economically linked with China. So much so that they can’t pull their money out of our economy without taking more losses than they incur by leaving it in. Yet the dollar continues to lose value and the global community is abandoning it as fast as a sinking ship.

Is there anything we can do as young entrepreneur’s and business people to fix this problem? What are our responsibilities? As Americans? As business people? Are any options ethical? Maybe we only deal in Euros? Saudi Arabi, China, South Korea, Venezuela, etc. are all thinking along these lines. Iran recently requested that it’s shipments to Japan be traded for yen instead of dollars.