China Bankrolling USA
Swallow your pride America, China is Bankrolling the USA big time. And the big guys are celebrating. The silk route is flowing again.
How about this guy, Stephen Schwarzman threw himself a $3million birthday party. Why? Well why did the Blackstone group get their IPO funded?
More and more, you’ll hear about that 1.4 trillion dollar question – “The Chinese are subsidizing the American way of life. Are we playing them for suckers—or are they playing us? ” – James Fallows.
There’s more and more news of Chinese loans to pay for the “American Way” and the tabloids are sqealing about it. But really, who cares? Even African countries are getting loans from China.
“China is a huge holder of US government debt and that is why Secretary of State Hillary Clinton´s visit to Beijing had a conciliatory tone and invited authorities to keep buying US Treasury bonds, says online newsletter Money Morning on Monday ” Ambrose Evans-Pritchard.
Well, I’m not rubbing it in, but just to say that perhaps it’s time the world sat up and acknowledge the new power player in the world economic stage – at least where their money and banking power is concerned.
Bear in mind, everyone right down to the poorest person is seeing the benefits of having America and some impoverished nations stay afloat because of China’s liberal loans.
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It’s amazing how things have changed. $1.4 trillion is just mind boggling. I mean, 20 years ago, it was thought the US would be the financial super power too and the big loans creator. Now, they are the big borrowers themselves!
And to top it off, China is the lender, and not the have not borrower…
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