A bubble that we really can't foresee

Budget deficit is what most countries face currently, which range from the superior US to our homeland Malaysia. It is one of the factors that triggers the bankruptcy crisis at the doorstep of Greece as well. One point to add on, China is the largest creditor to US, while US remains as the superior power which fall may break the healthy life cycle of the global economy. For more than 10 years, China has been able to maintain its high growth rate quite consistently, and its reserve fund is one of the largest in the world which may be the last straw that it needs to rely on when its economy is at the brink of busting off.

What would happen when Chinese falls, and US can't sell its debt to it anymore? Looking at the current overheating Chinese economy and the extravaganza World Expo at Shang Hai, is there any potent risk that gonna trigger the next imbalance of the global economy? Can a country without democracy be able to sustain its growth?No matter how benevolent or wise the leadership is, a big crook on the top would be capable of screwing up the country, and perhaps the world order. When the unpredictable crisis happens, what is going to happen to Malaysia? Can the so-called New Economy Model contain the future risks of a more far-reaching global economic crisis?

As a tiny country of which survival can't rely solely on domestic consumption, who can we depend on?

But one thing can be quite sure. Prepare a back-up fund for ourselves, because our country may not have time to take care of us the commoners on the street, when the critical time comes. That's how the capitalist system works: save the capitalists, then the world can be secure. But secure for who? For corrupted politicians and capitalists?

I'm not an economist, so I may not be able to re-engineer the status quo. But I remain skeptical of whether economists are willing or able to do so too, because that's where they can earn from- analysis of the CURRENT economy. LOL