To: Cringing Negativism Network
massive and growing cash surplus measuring in the hundreds of trillions of US dollars The US as total assets of around $100 trillion but the Chinese have cash assets of hundreds of trillions, in US dollars no less? Now that's impressive!
8 posted on
11/01/2005 7:23:41 AM PST by
Mase
To: Mase
Oops. You're right, sorry - got caught up in writing.
China's total foreign exchange reserves are somewhere around 700 Billion.
Still, that's about one tenth the size of our - cumulative national deficit.
9 posted on
11/01/2005 7:28:32 AM PST by
Cringing Negativism Network
(There's nothing sarcastic in this post. Sure there isn't. Not one bit.)
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