Your thoughts on this.

[one1]

http://www.pbs.org/program/xmas-without-china/

I will keep my big mouth shut.

[merrylander]

Just the Christmas season? Hell we do that 365 days a year, and if Tom thinks I misunderstand his extended family he is sadly mistaken.

[one1]

Oh ,I did not see the thread Bigerik started.One thing I did not realize when I was researching this is that America is in dept to China to the tune of over one trillion dollars,Is this a Fact?
I always thought everybody owed us.

[MrPots]

Originally Posted by one1

Oh ,I did not see the thread Bigerik started.One thing I did not realize when I was researching this is that America is in dept to China to the tune of over one trillion dollars,Is this a Fact?
I always thought everybody owed us.

Japan comes in at a close second at about 1.2 trillion, and then there is a short list of countries who we only own 100 - 300 billion, and a lot of smaller ones after that.

http://viableopposition.blogspot.com...eral-debt.html


In short, if we default there's going to be a whole lotta hurt spread around.

[Dondilion]

I like what the Chinese are doing with some of our money.

They are doing a lot of infrastructure work in Africa.

[Rajoo]

Originally Posted by MrPots

Japan comes in at a close second at about 1.2 trillion, and then there is a short list of countries who we only own 100 - 300 billion, and a lot of smaller ones after that.

http://viableopposition.blogspot.com...eral-debt.html


In short, if we default there's going to be a whole lotta hurt spread around.

Thus it is said: " when America sneezes, the world catches a cold"
Deficits baby, more deficits.

[donquixote99]

It's true. China has these big piles of dollars because we buy more from them than they want to buy from us. So they buy bonds with them.

Ever here the old saying, about the guy who owes $10,000 to the bank, and he loses his job? He's in big trouble. But what if he owed $1,000,000 to the bank? Now it's the bank that's in big trouble.

[Charles]

It's currency manipulation.

The Chinese aren't stupid, they realize that we are devaluing the dollar through QE. They just don't want the value of the Yuan to rise too fast...otherwise their products will become too expensive.

Besides, the men behind the curtain will make sure they get their cut, one way or another...long before we figure out what they're up to.

Chas

[Dondilion]

The Chinese now have Europe in sight. As a matter of fact Britain has surrendered. They have allowed China in their nuclear industries.

[BlueStreak]

It kills me when people talk about China coming after us in military terms. That won't be necessary. We sold our selves out for the sake of a fatter profit margin and cheaper toasters.

One more time;

If you want to destroy Capitalism, appeal to Capitalist greed. They will destroy themselves.

Dave