Author: ning05

CHINA CAN BANKRUPT THE USA!   [Copy link] 中文

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Post time 2014-1-20 14:50:53 |Display all floors
magnetic1974 Post time: 2014-1-20 10:38
True is up to the creditor and China is US banker and creditor. Go a head keep printing with unlim ...

Interestingly...FED holds about 5 trillion of those 17 trillion...


What if left pocket just do a contra with right pocket and extinguish those debts?

Then, it becomes 12 trillion only....easy as a journal entry.


I've made my living, Mr. Thompson, in large part as a gambler. Some days I make twenty bets, some days I make none. There are weeks, sometimes months, in fact, when I don't make any bet at all because ...

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Post time 2014-1-20 15:01:00 |Display all floors
that's the suspicion

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Post time 2014-1-20 16:26:26 |Display all floors
Must China win through such dishonorable ways?  Can't China win simply by inventing science and technology that will make you number one?  You are shameful and have no honor.

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Post time 2014-1-20 16:33:49 |Display all floors
raton Post time: 2014-1-20 12:33
With 1 Yuan you can buy a meal in China, what can you buy with 1 dollar in the USA..?

A meal? Maybe you can buy one dumpling but that is a snack, not a meal.

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Post time 2014-1-20 16:36:05 |Display all floors
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Post time 2014-1-20 16:37:29 |Display all floors
TheHermit Post time: 2014-1-20 12:44
For how long will they need those exports to the US..... that is the question. With the internal m ...

China can not afford to stop supplying the US, it would lead to millions of job losses that as things stand will certainly not be taken up in the supply of the domestic market. It will still be reliant on exports for the rest of your and my lifetimes.

Do you really think a barter system would work in the country that invented paper money? How long would every transaction take, it is bad enough having to bargain with standard currency without complicating thins.

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Post time 2014-1-20 16:38:35 |Display all floors
raton Post time: 2014-1-20 12:45
China is not surviving on the US exports alone; with 1.3 billion people China would survive quite  ...

Exports to the US account for millions of jobs, what would you suggest these people do if they do not make goods for the US?

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