Quote:
Originally Posted by jjmerago
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.
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There is a very small amount of truth in your post...but you are wrong about what the U.S. GDP is based upon. The amount of the National Debt owed to foreign countries is a relatively small percentage of the National Debt.
The U.S. economy is in a weaker state than it was at its peak...but the U.S. is still...by far...the richest country on the earth.