A few weeks back, Germany proposed Greece sell its unoccupied islands to pay off its sovereign debt.
Now Dave Lewis at Seeking Alpha is taking the idea a step further, suggesting the U.S. should punt off New York to the Chinese to cover its sovereign debt explosion.
The move would free up the U.S. financially and dump one of the biggest problems, the New York Fed, on the Chinese. Lewis says, with tongue firmly in cheek, that they wouldn’t take any of the corruption we do, when the government still uses capital punishment as a solution to that problem in China.
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See Also:
- You Think Europe Is A Mess? The United States Has Its Own Set Of PIIGS
- How Kids, Schools, Health, And Local Governments Will Get Slammed By New York’s New Budget
- Hedgeye’s Keith McCullough: Don’t Listen To What They’re Saying, OF COURSE China Is Selling US Treasuries