Do you believe it is any different for citizens in the United States? The United States is built on cheating the sucker out of his money. Then we have all manner of private and public charities set up to help the fleeced and cheated. As with credit card debt for individuals, or IMF credit for nations, the same fact applies--debt is no good.

So I agree with you. Avoid the IMF like the plague! And best to be a homeowner in the Netherlands. Or part of the Saudi royal family. But that often isn't an option. So one is tempted.

I hope that makes it clear my thoughts on the sleezy IMF ;) But my point remains, borrowing from the Chinese won't be any different. Indeed, I believe it will be worse but no use speculating at the moment!