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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 · 4 answers · asked by notmine4268 2 in Social Science Economics

4 answers

I think you are my new Lord, I'm gonna start following you around and preach about your teachings so others can learn the power of your gospel. Amen

2007-01-29 00:30:22 · answer #1 · answered by Jesus.H 3 · 0 0

well im an american too but i think china has the rigth to arm themselves, who put us in charge of a nuclear monopoly. Besides I think If EVERYONE has nuclear capability everyone will be scared to use it, so it will become absolete. Thats why USSR and US never went to war.

On the other hand to answer the prime question, US borrows money because that is the only way to support the war. If the US borrowed money out of its reserve, it would weaken the value of the dollar, think of over inflation (too many in circulation) thats why they need to borrow money, so that the debt can be paid gradually by services no money

2007-01-29 00:29:26 · answer #2 · answered by dragongml 3 · 0 1

In the 1980's it was Japan bashing. Now Americans seem
to want to bash China. Do you not know anything about
international economics, globization, etc? Where is Japan today.
You are basically a zenophobic.

Note #1. Some facts. Of the largest 500 companies in the world, most of them (more than half) are American. Of the richest 500 people in the world, more than half are Amercans, etc. Any
yet you bash China.


Note #2: China is all its thousands of years of history never really expanded or had military campaigns to conquer other people (similiar to India), but only fought internal wars. Contrast this to Europe and US!!!

2007-01-29 04:09:57 · answer #3 · answered by Jim C 3 · 0 2

I think you're crazy, and your country is the one trying to overthrow the world. Just wait, your country will see demise, and probably by iran.

2007-01-29 00:30:56 · answer #4 · answered by Robert 3 · 0 1

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