Fact; we are currently borrowing billions of dollars from, mostly, the Chineese goverment at some where in the neighborhood of 10% interest.
Why are we not issueing "U.S. Savings Bonds" at 5 or 6% instead? Yes you can currently buy "Savings Bonds" but the rate is ridicoulously low in comparison.
I don't know about anyone else but "pimples on our butt" like Iran, Syria, and North Korea don't really scare me (not to say we shouldn't "sqeeze" them to get out the infection) but the greedy Chineese manipulating their currency to rip us off even more and then turn around and use it to build their military (nuclear program) and set up programs to corner all the all the fossil fuels, shouldn't everyone be a litle more focused on them? Their goverment has said ,with-in the last 10 years, "" that America needs to be over throwned!
What you think?
2007-01-29
00:20:43
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4 answers
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asked by
notmine4268
2
in
Economics