Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: 1rudeboy
I smell a whiff of confusion between the budget and trade deficits.

Where do you think the Chinese get the money to buy Treasuries with?

Trade deficits are not a problem in and of themselves, combine them with a profligate government and a foreign government willing and able to vacuum up the surplus and buy the profligate government's debt and you have a problem brewing...

28 posted on 06/16/2011 7:50:33 PM PDT by Gunslingr3
[ Post Reply | Private Reply | To 10 | View Replies ]


To: Gunslingr3
This may come as a newsflash to you, but the Chinese have money. Don't buy your urinal cakes from them, if you wish. It won't make a damn bit of difference.

Good Lord, and God help us . . . it appears that few see the real problem.

29 posted on 06/16/2011 7:54:54 PM PDT by 1rudeboy
[ Post Reply | Private Reply | To 28 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson