PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: haqihana who wrote (748092)	8/21/2006 1:05:13 PM
From: DuckTapeSunroof	Read Replies (1) of 769670

'Too much' CASH? (The US spends $8 Billion a month just on Iraq --- all borrowed and all in addition to the rest of our massive federal borrowing --- while China ADDS $20 Billion a month to it's foreign reserves): Too Much Of A Good Thing Shu-Ching Jean Chen 08.21.06, 6:00 AM ET China has a problem that seems enviable: It's sitting on a mountain of cash. It has amassed nearly $1 trillion in foreign currencies in just a few years by becoming the exporter of choice for all kinds of manufactured goods, which it produces at a far lower cost than would be possible in more developed economies. forbes.com

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