(no subject)

Date: 26/4/10 19:14 (UTC)
Well China has many impacts in the story.

1) Tons of cheap exports and holding U.S. currency, causing it to be artificially higher than normal because that currency isn't being traded

2) Buying U.S. currency to keep it high in order to keep exports going and their economic boom going, further artificially inflating our currency

3) Loaning money to the U.S., which basically is like transferring debt. If a person gets a cheap loan and the money came from China, they owe the bank money, the bank owes China money, China is taking on the debt that way

4) And yes, finally, China actually buying U.S. debts including mortgage debt, packed and bundled by the deregulated U.S. financial markets.
This account has disabled anonymous posting.
(will be screened if not validated)
If you don't have an account you can create one now.
HTML doesn't work in the subject.
More info about formatting

Credits & Style Info

Talk Politics.

A place to discuss politics without egomaniacal mods


MONTHLY TOPIC:

Failed States

DAILY QUOTE:
"Someone's selling Greenland now?" (asthfghl)
"Yes get your bids in quick!" (oportet)
"Let me get my Bid Coins and I'll be there in a minute." (asthfghl)

June 2025

M T W T F S S
       1
2 34 5 678
910 1112 131415
1617 1819 202122
23242526272829
30