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Old 03-27-2007, 02:19 PM  
Snake Doctor
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Join Date: Mar 2001
Location: On top of my soapbox
Posts: 13,449
Some of you people really need a course in remedial economics.

China is growing at 10% a year and India is growing at 8% a year.
The thing you fail to understand is that these countries aren't really the ones growing. It's U.S. capital and U.S. companies that are growing, using Chinese and Indian labor. If we pull out they collapse, simple as that. We own the factories and the technology that allow their economic output. We "are" the consumers who purchase the goods and services created there, without us there is no economic growth in those countries.

As for the national debt of the U.S., there's an old saying that's very relevant to this situation "If you owe the bank $50,000, the bank owns you. If you owe the bank $50,000,000 then you own the bank"
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