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by DouglasChick from Orlando Area

Last Post 131 days, 4 hours Ago


U.S. Borrowing from China
Jan 29, 2008 | 3:52 PM
Category: News
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The U.S. budget deficit is financed by borrowing. More and more of that money comes from China, now the United States' second-largest lender, after Japan. China's investment in U.S. government debt has more than tripled in the past five years, from $71 billion in 2000 to $242 billion in 2005.

 My question is; what are they using for collateral, the future labor of its citizens?

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Member Comments Total Comments: 2
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Truthguys read my blog view my photos
Jan 29, 2008 | 4:54 PM

The reason the trade is growing is that US mfg are going to Red China, Vietnam and India to make the goods. But the only thing Bush, Democrats, and McCain and Paul havent done is get this Trade rules on the same level... We cant even sell some goods in China South Korea and India which is nuts. THank All of Washington for that.
bobnash
Jan 29, 2008 | 8:48 PM

I think the Chinese money is tanted with lead?
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DouglasChick

My name is Douglas Chick, author, computer engineer, and creator of The Network Administrator a popular website for computer people.

Member Since: 8/16/2006


 

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