Were the richest nation....

They have billions of dollars of debt in their trade deficits, billions of dollars in Budget deficits & their answer is for the federal reserve just to keep printing millions of dollars every day & invest them into the stock market to stop a repeat of the 29 wall st crash. & to finance the wars in Iraq & Afghanistan The Chinese & the Japanese have bought millions of $ of US treasury bonds to keep their currencies low & their products cheap. A lot of American manufacturers have built factories in Asia & the Americans are now importing 20 times as much as they export. They think they have a divine right to be the world leaders. Fiscally they are in a mess, they don't have the money to pay the pensions that were promised to the baby boomers. They think they have a divine right to be the world leaders.I give them 10 years until the Chinese become the economic leaders of the world. rant over

Posted By: fareastcanary, Sep 3, 00:10:27