As i get older I keep getting more forgetful each day.
I kind of remember about 6 months ago the Chinese government had 800million dollars worth of US debt. Then about it was reduced to 600million, or at least I thought it was. Then I heard a comment from a Chinese official that we should stop taking on more debt, and it seemed to be 800million again.
I just recently heard on the radio that the Chinese government complained that we must stop borrowing. At the same time the amount of debt the United States owe the Chinese is over 1.2 trillion dollars.
My ears must definitely me hearing wrong.
Aren't the Chinese buying more European debt now that Europe seems top to be in worse shape then the U.S.?
If the Chinese currency is valued upward, what other product then what is already sold to the Chinese that have made in America stamped on them would the Chinese buy? None?
What product would Americans buy that they don't already buy with a made in America label if the Chinese currency was to be valued upward? None?
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