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Old 01-22-2013, 02:17 PM   #59 (permalink)
Join Date: Mar 2011
Posts: 15,220

Originally Posted by SocraticGoat777 View Post
LOL. If you think China owns USA you are smoking some really good stuff. THe living standard is not even close. I said most inventions so far came from Europe/USA because of the University system, which China never had. Indonesia, India are also developing countries, its a nice term for "poop hole". America/some of Europe is the Roman empire of our time. China, India, still need 30-50 years to reach their living standard
What type of living standard? One that bankrupts a nation and puts it in trillions of dollars in debt? That standard of living?

The United States of America is a fairly "new" nation when it comes to history. You cannot compare it to the history of nations like China, India or some old Europe nations.

You're right China does not own the US. Infact China has nothing to do with the US by your viewpoint. You keep buying everything they manufacture for you. You keep trading your bank note for a promisary note while the chinese buy that debt.

On 10 January 2013, debt held by the public was approximately $11.577 trillion or about 73% of GDP. Intra-governmental holdings stood at $4.855 trillion, giving a combined total public debt of $16.432 trillion.[4][5][5][6] As of July 2012, $5.3 trillion or approximately 48% of the debt held by the public was owned by foreign investors, the largest of which were China and Japan at just over $1.1 trillion each.[7]
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