Libertie76
Banned
- Joined
- Oct 9, 2014
- Messages
- 2,143
- Reaction score
- 313
- Gender
- Undisclosed
- Political Leaning
- Libertarian
Screw the Gini, inequality etc. instead think of how future generations going to settle the $17 trillion debt. Apart from China, Japan and others, we are also financing your debt.
Only in manufacturing, we export the majority of services on the planet. This is what happens when a nation becomes developed, the create service based jobs as opposed to manufactured based jobs.
The American debt is only a problem to the central bank, I advocate to end the federal reserve and end the central banking system, however in the meantime the Chinese are required for our debt to not combust because as you quoted about the holdings of reserves, guess who's economy will sink with the United States if the debt becomes an economic failure. I agree, the us needs some serious cutting of the fed. However china relies on the United States probably more then any other country on the planet right now