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The U.S. owes China over
$800 Billion, a figure that grows by $20 Billion each month. |
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In 2008 the US trade
deficit with China was $268 Billion |
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China's GDP is growing
at 8.9% while the U.S.'s shrinks by 3.8% |
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Countless American
factories have closed up and moved their production to China |
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What does it all mean? |
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Many people have
concluded that China will soon grow tired of
holding U.S. Treasuries which yield 3% or less. What will they do with
their dollars instead? Buy American companies, real estate and other
assets? They plan to allow their currency to appreciate, and that will
give them greater buying power. |
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In the 1980's Americans
had similar fears about Japan. While
the American car companies still struggle in comparison to their
Japanese competitors, Japan itself has suffered economically in recent
years. One might think it is because all of the stuff sold in
America used to be made in Japan but is now made in China. |
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Will China "foreclose"
on the USA and become our overlords? Only time will tell. |
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In the meantime, browse
this site to learn more about our possible future rulers. |
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