why does a superpower needs to take a loan from a developing contry like china??
2007-12-03 19:15:22 · 9 answers · asked by Anonymous in Politics & Government ➔ Government
In Australia recently watched a doco on Chinese foreign affairs they say they want to break you for the way they have been treated lately so they are going to swamp you re economy with borrowed green backs then ask world bank to lift the interest rates .they don't like the Japanese either but are pissed off with you re tariff system on car imports against the Japanese so they are going all out to build good quality
cheap cars to flood the market to wipe out Detroit .and they don't mind pushing the price of oil sky high because there getting most of it under the counter from the Saudis in exchange for what they wouldn't say SCARY ISN'T IT
2007-12-03 21:07:03 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Yes, and china also owns about 44% of our treasury bonds as well as american real estate and banks. we borrow money because we are broke and at war and continue to go to wars.
2007-12-03 21:44:49 · answer #2 · answered by Anonymous · 1⤊ 0⤋
I think much of this has been due to a rather large trade imbalance, a result of our importing more from China than we sell to them.
But it is also a result of Chinese investors (which includes banking and similar financial firms) investing in the U.S. In effect when the U.S. sells bonds we are borrowing money.
An inequitable tax system, which punishes entrepeneurs, hurts our economy in ways that are not offset by the money raised.
2007-12-03 19:27:27 · answer #3 · answered by Warren D 7 · 0⤊ 3⤋
The US government has borrowed 9 trillion dollar bills from all over the place. That is 9,000,000,000,000. Guess who is going to pay that back?
2007-12-03 19:24:52 · answer #4 · answered by Anonymous · 2⤊ 0⤋
I'm sure we did. I'm sure we did. Plus, China is on the up and up. Rapidly going from developing country to Megatron.
2007-12-03 19:24:21 · answer #5 · answered by PhiloSophia 3 · 2⤊ 0⤋
U.S.-We don't have the money to make war georgie!
Georgie-sheeooot less jus have ol chinamans borrow us a treeeillion dollars sheeiiiitt
2007-12-04 21:19:31 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Yes it is true. Because we love to have or cake and eat it too.
Doing things like cutting taxes while going to war....
2007-12-03 19:21:44 · answer #7 · answered by Anonymous · 4⤊ 0⤋
In fact, we are now a debtor nation to even Mexico.
2007-12-03 19:22:56 · answer #8 · answered by Anonymous · 3⤊ 0⤋
Not a good prospect is it ?
2007-12-03 19:30:07 · answer #9 · answered by batfood1 4 · 2⤊ 0⤋