China Begins Foreclosure of US

Our government and our citizens cannot pay back what we have borrowed. So, in typical mortgage lender fashion, China is slowly dumping the right to collect interest on their goo-gobs of loans to us in exchange for the right to sell the underlying assets. Can ownership of a country be transferred via sheriff sale? Hmm... I don't think they covered that in law school...

Well, at least we have good company

We in the US aren't the only Debt Children in this world. Greece has been in the news as of late, having mortgaged itself with a toxic loan and hidden its transgressions via Goldman Sachs.

Now the UK's ugly teeth are being revealed before our poor eyes. The kicker is that their debt ratio is so massive that the British Pound (GBP) even lost ground against the Zimbabwe dollar. For those not versed in currency talk, that is like losing ground in a running race... to a corpse.

The real money is in Asia now, Debt Children. The lenders are from China and Japan. We are the borrowers.