I would think they would be ashamed by doing this it in a way admits that the communist system is more successful than the democratic type.
2007-06-12 14:55:39 · 10 answers · asked by Anonymous in Politics & Government ➔ Politics
The USA owes China $342 Billion USD dollars and the Chinese federal reserve holds over $1 trillion USD.
2007-06-12 15:09:17 · update #1
The US borrows from whomever will lend us money to pay for wars and taxcuts. The Chinese have the largest surplus. The US has more debt than all other debtor nations on Earth combined.
2007-06-12 15:27:15 · answer #1 · answered by Anonymous · 1⤊ 0⤋
You are right, since the Chinese have lowered the dollar standard by holding the loans and interest. What has happened in Europe is they are exchanging the dollar now for the Euro because it has more value. Bush has done this in 6 1/2 years too. America never collects it debts from any other Countries like Iraq and Afghanistan.
2007-06-12 15:05:44 · answer #2 · answered by leonard bruce 6 · 2⤊ 0⤋
because of fact the U. S. desires money. Communism effectively resulted in China around 1980. as we communicate China is a Capitalist financial equipment. They produce maximum issues bought international huge and for this reason have a great number of money to lend.
2016-10-09 02:19:25 · answer #3 · answered by ? 4 · 0⤊ 0⤋
No the government has a national debt becuse of stupid civil programs but the spirit of the American buissnesperson is what makes this country glorious the fact that any one with and idea can live a life of luxury with hard work and a little elbow grease so the dumb government is stupid but the spirit of the people and the free capitlaist market is what makes this country succesful
2007-06-12 15:04:59 · answer #4 · answered by Superfan 3 · 0⤊ 2⤋
The Chinese are not communist anymore. They are right wing authoritarians.
Your analogy between communism and democracy is faulty seeing one is an economic model while the other is a government model. You can be a capitalist nation and not be a democracy - aka the PRC.
2007-06-12 15:06:57 · answer #5 · answered by The Stylish One 7 · 0⤊ 1⤋
Well, it is because the countries that we have lent money to haven't bothered to pay it back as of yet. And we spend all the money financing war efforts (like saving Europe in WWI and WWII) and bailing out other countries. Hmmm. . . I wonder why we have to go to the communist countries? Maybe it is because all of the "democratic" countries and our friends owe us money, so how are they going to "lend" us money????
2007-06-12 15:05:59 · answer #6 · answered by volleyballchick (cowards block) 7 · 0⤊ 1⤋
China seeks out investments in America, not the other way around. Get your facts straight and begin to understand the market for U.S. Treasuries.
2007-06-12 16:22:16 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Where have you been the last 15 years? What's been strengthening the Chinese economy is their ability to adopt a free market style economy. I'm not sure what you are specifically referring to the US borrowing money, perhaps you mean investing by the Chinese?
2007-06-12 15:03:42 · answer #8 · answered by Anonymous · 0⤊ 3⤋
GE borrows money are they not successful?
It's because we're so successful that everyone wants to buy our debt.
2007-06-12 15:02:23 · answer #9 · answered by Anonymous · 0⤊ 1⤋
Son, we are owed FAR more money than we owe. National debt? EVERYONE has a national debt. They also hold debt on other nations.
Don't people realize this?
2007-06-12 15:00:24 · answer #10 · answered by mckenziecalhoun 7 · 1⤊ 4⤋