Thomas
PROFESSIONAL
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- Joined
- Jul 22, 2009
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be careful with your words,china exports for our own interest instead of being someone's lackey,so does US,why is the host always come to china bugging for "more treasury" if your backbone is that straight,we also import 84B$ your products last year , should i call you the lackey of china's market?
there is a saying "it is always better to use someone else's rather then your own money" China buys U.S. bonds becuase it see's an opportunity to make money. Hmm, that should have Marx, Lenin, and Mao rolling in their graves. European banks bought U.S. derivative loans becuase it saw a way to make big money. China's investments in U.S. bonds which is around 772 billion dollars is a very large chunk of China's GDP. But consider that China's GDP of 4.3 trillion dollars is a little less then 25% of the U.S. GDP of 18 trillion.
Personally I think the world is heading for a even bigger economic melt down in the future. all that's being done right now is simply putting a bandage on the economic problems of the world. That wont stop Military spending though. Since so many countries strive to have parity with the U.S. on the battlefield. But hey that's just my opinion.
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