China tells U.S. "good old days" of borrowing are over

[hanselthecaretaker]

http://finance.yahoo.com/news/China-flays-US-over-credit-rb-3974888722.html?x=0


In other news, U.S. law enforcement websites were hacked by the Anonymous group-

Group says it hacked US law enforcement websites - Yahoo! News


Another hacking group Lulzsec knocked out the CIA's website recently too-

LulzSec Claims Credit For CIA Site Takedown -- InformationWeekLulzSec Claims Credit For CIA Site Takedown - security Blog

First PSN and now this. Wonder what's next.

and it's still down.

 

[EnderJE]

Bah. Most of America's debt is with internal people. China has 9.5%.

 

[PICK3]

Government Motors FTW!

General Motors Helping to Design City of the Future...in China - FoxNews.com

 

[Mr. dB]

China is as dependent on us as we are on them.

 

[mrplunkey]

China is as dependent on us as we are on them.

True, but not for long.

They'll soon be able to thrive off their own middle class. Even the guy on the street in China knows they need to fuel their own growth. It's all over the newspapers.

 

[samoth]

I want to know what the fed plans on doing with interest rates.

 

[bakemeacookie]

I can't wait til american parents depend on foreigners to start teaching their children. Online videos teaching various subjects like that kumar series in India.

If so, I so wanna be part of it. Unf. I gotta wait til someone with money starts it.

c

 

[PICK3]

But China’s debt-to-GDP ratio is worse than the United States’ ratio. It is worse than insolvent Portugal, which is now relying heavily on the European Central Bank for help, and had to go to the International Monetary Fund to get a financial bailout.

Read more: China's Debt Problem Worse than Portugal - FoxBusiness.com

 

[bakemeacookie]

But China’s debt-to-GDP ratio is worse than the United States’ ratio. It is worse than insolvent Portugal, which is now relying heavily on the European Central Bank for help, and had to go to the International Monetary Fund to get a financial bailout.

Read more: China's Debt Problem Worse than Portugal - FoxBusiness.com

Then why is it they lend us money and not the other way around?

He who has the money, has the power.

c

 

[chewyxrage]

China gained somewhere around 50 new billionaires last year

IMO, they won't have a large middle class anytime soon, at least not the way we think of it