Well, that's comforting

"I challenge anybody to say that I wouldn’t know how to approach foreign policy, because unlike some of the other people I at least have a foreign policy philosophy, which is an extension of the Reagan philosophy, peace through strength, and my philosophy is peace through strength and clarity... All of the details for each individual situation we got plenty of experts, but what a leader must do is be able to state some fundamental principles, fundamental philosophy, listen to the input, and make judgments," - Herman Cain.

1. A Counterfeit Buzz

   China's forgery market has reached the vineyards:
   

   Wine consumption has grown by 16 percent in past three years, making China the ninth-largest wine-drinking country in the world in 2010 ... The price of a bottle of Château Lafite Rothschild, considered one of the finest Bordeaux in the world, increased 574 percent, according to Lucas Botebol, who writes about the Chinese wine market on his site Zhongguo-wine.com. And wine merchants believe more than 70 percent of all Lafite bottles sold in China are fake, according to the magazine China International Business.

7 Oct 2011 07:33 AM

Americans Own America

Dan Blumenthal attempts to debunk 10 "unicorns" about Chinese foreign policy. Among them:

China is America's banker. America cannot anger its banker. In fact, China is more like a depositor. It deposits money in U.S. Treasurys because its economy does not allow investors to put money elsewhere. There is nothing else it can do with its surpluses unless it changes its financial system radically ... It makes a pittance on its deposits. If the United States starts to bring down its debts and deficits, China will have even fewer options. China is desperate for U.S. investment, U.S. Treasurys, and the U.S. market. The balance of leverage leans toward the United States