***** please read *******China has serious problems

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  • longbow

    Grandmaster
    Rating - 100%
    3   0   0
    Apr 2, 2008
    6,900
    63
    south central IN
    Stay alert!

    I just got an email from a friend who is on business in Tiawan. His company imports furniture. China is about to go crazy......

    The people are demonstrating for more freedom and people have started to go missing ( the people are pissed)

    That is all!
     

    indykid

    Grandmaster
    Rating - 100%
    4   0   0
    Jan 27, 2008
    11,879
    113
    Westfield
    If the commies in China fall, I wonder if those who take over will even realize that they own us? Interesting situation.
     

    longbow

    Grandmaster
    Rating - 100%
    3   0   0
    Apr 2, 2008
    6,900
    63
    south central IN
    The down't own us....we could just print the money and toss it to them. But bread will be 200 a loaf and cars will be millions...........I would be nice to pay off my house with a paycheck.....
     

    nate1865

    Sharpshooter
    Rating - 100%
    1   0   0
    Oct 22, 2010
    584
    16
    Indiana
    China has a booming economy and is becoming more and more free.

    We have a struggling economy and are less and less free.

    We still have more freedom and a better economy, but I hope our trend joins China's!
     

    IndyBeerman

    Was a real life Beerman.....
    Rating - 100%
    5   0   0
    Jun 2, 2008
    7,700
    113
    Plainfield
    China has a booming economy and is becoming more and more free.

    We have a struggling economy and are less and less free.

    We still have more freedom and a better economy, but I hope our trend joins China's!

    China's economy has been propped up with their own version of our stimulus package.

    Listen carefully for the shoe to drop, it will be heard across the ocean.
     

    ryan3030

    Master
    Rating - 100%
    94   0   0
    Dec 2, 2010
    1,895
    48
    Indy
    If the commies in China fall, I wonder if those who take over will even realize that they own us? Interesting situation.

    China doesn't "own" us in the sense that everyone always uses it. Of US debt, about 27% is owned by foreign holders, and of that 27% percent - china owns roughly 20%.

    This means China, in total, owns roughly 6% of total US debt.

    Sources: A quick Google search can turn up lots of sources.
     

    nate1865

    Sharpshooter
    Rating - 100%
    1   0   0
    Oct 22, 2010
    584
    16
    Indiana
    If the world realizes we've borrowed more than we can repay, they will lose faith and credit in the U.S.

    That's all the dollar represents. The world just needs to lose confidence over time for it to happen.
     
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