Sunday, November 22, 2009

China and the US Dollar

China has been and continues to be “asked” to help pay for the debt incurred by the United States. Since China and United States do so much business, China has given a lot of their money to the United States only to see later that the US government, with it’s current policies, is headed towards inflation. Thus the US dollar because less worthy and the Chinese end up losing big because of the debt they paid to the US. The current Chinese government is not stupid. However I’d say they made a mistake for loaning the money to the US without first seeing how the new government under Obama is doing.


Tapline said...

I don't know enough about debt to speak to this issue. I do know that we are continuing to go deeper and deeper into it and the politicians don't seem to understand it. Seems that with the light beginning to shine of Global warming perhaps we will hawe some money left to live on without it being taxed for Carbon footprint etc....stay well....

JihadGene said...

The Chinese always hooked up North Korea's KIM Il Sung so Obama is a natural fit.


I'm not sure if it was foolish on their part. They are and will use it as leverage in trade agreements and other treaties. We are fools to allow are arch rivals to become our creditor.

Anonymous said...

You may probably be very interested to know how one can make real money on investments.
There is no initial capital needed.
You may begin earning with a money that usually is spent
on daily food, that's 20-100 dollars.
I have been participating in one project for several years,
and I'll be glad to let you know my secrets at my blog.

Please visit blog and send me private message to get the info.

P.S. I earn 1000-2000 per day now. [url=]Online Investment Blog[/url]

Anonymous said...

Good post and this post helped me alot in my college assignement. Say thank you you seeking your information.