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To: WFTR
Since when is it a good thing that foreigners own our money supply or our debt? Foreigners holding our debt simply means that we are going to be paying taxes for years to come in order to pay the interest to foreigners.

Yes, but at the same time, China wouldn't want to try anything stupid like nationalize the our factories because we can stop paying that interest.

12 posted on 06/10/2007 8:27:58 PM PDT by Barney Gumble (A liberal is someone too broadminded to take his own side in a quarrel - Robert Frost)
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To: Barney Gumble

“Yes, but at the same time, China wouldn’t want to try anything stupid like nationalize the our factories because we can stop paying that interest.”

That, of course, is presuming that China is more interested in keeping the money flowing in, and not more interested in taking over as a world super-power. They once were a world super-power and want to be one again.


16 posted on 06/10/2007 9:19:00 PM PDT by mjaneangels@aolcom ("nor prohibiting the free exercise thereof.")
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