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Old 01-22-2013, 03:28 PM   #67 (permalink)
Join Date: Feb 2009
Posts: 13,262

Originally Posted by SocraticGoat777 View Post
The point is, they dont want to be repaid. If they do, their currency will be worth a ton more, and people wont go to walmart and buy expensive Chinese stuff anymore. China will lay off tons of people, increasing their unemployment rate. And if they do want their money back , it just helps USA... THats the whole point of the article. And over time that debt is going to lose value due to inflation... ANyway. I do agree with you that China, and India will have much better living standard in 20+ years, but right now, not* even close to USA, Germany, Norway, sweden, australia, Japan, South korea etc..
You must travel and do your research there. Don't do it from 8000 miles away.

I'm an American citizen and I will say with confidence that United States citizens as a group are the most arrogant of the bunch.

Companies that pigeonhole themselves into a nationalistic corner will fail as a business.
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