But foreign junk-food is piling on more pounds.

但是外国垃圾食品也使情况更加恶化。

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A worker looks at a pile of junk computers from foreign countries in Guiyu, Guangdong.

广东省桂玉镇一名工人检视一堆来自国外的废弃计算机。

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In this ploy, a U.S. taxpayer purchases (through a partnership) junk foreign debt for pennies on the dollar and then claims big paper tax losses losses that are real, but that were sustained by a foreign lender, not the U.S. taxpayer.

FORBES: Judge Shoots Down Another Forbes 400 Member's Tax Shelter

In that case, you might look to a multisector bond fund that invests in many markets, such as lower-rated "junk" debt and foreign bonds, in search of higher yields.

WSJ: Face Your (Investment) Fears

With all the hysterical talk about slowing takeovers with legislation, about curbing the spread of junk bond acquisitions and foreign buying of U.S. assets, few people seem aware that our current tax code--passed by Congress and approved in general by the business community--provides a huge bounty to people whether Americans or foreigners, who want to take over companies.

FORBES: How The Government Subsidizes Leveraged Takeovers