In our world, the old adage “real estate makes the world go around” is paramount, especially as the flailing housing sector continues to parallel unemployment rates in America, weighing down a struggling economy.
But real estate is only one of two things that make the world go around- currency rates is the other world spinner. You’ve probably seen the scary commercials during election time this year about how China is going to own America and how we’ll all speak Chinese by 2015. You’ve seen the political ads about how someone’s opposition is unpatriotic because they don’t support production exclusively in America.
Oddly enough, the best way to explain the codependency of the Chinese and American economies is this horrible, ugly, awkward, borderline racist, and difficult to hear or understand cartoon rap. This is real. It exists on the internet and I think all economic lessons going forward should be done in this method. Watch and you’ll see why:
I have the chorus stuck in my head, no lie. Make it stop!
Sidenote: this week’s visit abroad by Obama and his officials has failed to sway the Chinese government to change their currency.