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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?


To: i-node who wrote (117159)4/7/2019 7:33:33 PM
From: mel221  Read Replies (4) | Respond to of 358348
 
I understand what you are saying, but what was predicted simply didn't happen. Nobody predicted China.

China buys our debt. They have no choice if they want to run a trade surplus.

The reality is China ships goods into the US and we give them worthless IOUs in return.

Everyone is happy!

A well worn quote is appropriate here. "When you owe the bank a $1M, you have a problem. When you owe the bank $10T, the bank has a problem."

China is our bank.