Quote:
Originally Posted by charlie g
Do you have a clue what the GDP in America is? Do you have a clue what the National debt for America is? China hold about 8% of the US public debt. US GDP is almost 2 times that of China. I think it would take more than 800bln to own America.
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The large US GDP is based on there relation ship with China whom they have borrowed well over 800 billion from so is a ying yang thing. If the Chinese call in the debt the US can't afford to buy there shit and China suffers so they are ok with loaning them the $ and letting it earn interest. So GDP has got nothing to do with the US being rich as your whole economy is bank rolled by China and the Saudi's.
Also any country that borrows money to pay interest on national debts owing to other countries is truly a house of cards.