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Reload this Page Why dose the US owe China so much money? (loan, buying)
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Old 10-17-2008, 12:17 AM
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Default Why dose the US owe China so much money?
Wow! 1.4 Trillion Dollars
Just why dose the US owe China so much money? looks like China is the new landlords of America

Maybe the Taliban will go after China for supporting the Iraq war indirectly
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Old 10-17-2008, 01:19 AM
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Because they buy our bonds. They need a safe place for all their cash and the U.S. has ever defaulted on its debt payments. So they loan us back the money we already sent there.
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Old 10-17-2008, 02:24 AM
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Echo what Rick Lee said, plus add that China's investments in U.S. Bonds helps prop-up the U.S. economy allowing it to keep buying stuff from China. Not a bad situation, eh? Loan your customers money so that they'll keep coming back to your store.

Wonder what will happen if the Chinese lose faith (with the U.S. economy now faltering) and pull out the supports that keep the economy at least where it is, even as bad as that is.
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Old 10-17-2008, 02:40 AM
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wars cost money, we borrowed it.
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Old 10-17-2008, 02:47 AM
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Quote:
Originally Posted by Huckleberry3911948 View Post
wars cost money, we borrowed it.
Yup, and the kids, grand kids, and great grand kids will repay it. Sure hope China won't decide to cash out those bonds and invest somewhere else.
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