I still doubt that it makes sense and I think a creditor is not always in the better situation compared with a debtor.

And if e.g. China would use Mercantilism even after having an overall decent standard of living, we could still start protectionist measures to defend ourselves against them. But up to now this is not the case and western protectionism would really hurt a lot of poor people (and has done it in the last years on agricultural protectionism).

Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers