Originally Posted by Guest

Who told China to buy US treasuries to join the club? We did. The World Bank, the International Monetary Fund, the Bank of International Settlements.

Japan holds a lot because of WWII, part of the agreement. Saudi Arabia does too, because WE developed their oil fields, part of the deal. We got petrodollars too...free money out of the ground!

We, the Fed, determine the rates and the value of the dollar, not some piddly country smaller than many states. China is being used for it's cheap labor. China isn't "really" in the big boys club, wrong race. They're being played too.

More taxes? You mean $1.2 trillion in new taxes? That's what we borrow every year. That's $3500 in new taxes for EVERY man woman and child, a family of 4 would pay $14,000 in new taxes every year.



Let that sink into your head, EVERY year, the government borrowing is making a family of fours share $14,000. Each family of 4 would have to pay $14,000 more a year to balance the budget. Government pays half a $ trillion a year in interest payments ($500,000,000,000). Interest rates are artificially low due to printed money to keep the debt interest serviceable.

You ARE right about one thing, the corporations DO run everything...and I do mean everything.

Corporations don't pay tax, their customers do. Raise their tax, the price goes up. You pay more. Nothing is free. You gonna add that to the $14,000 for balancing the budget? This whole recovery is fake, it's the result of spending almost $10 trillion, going $10 trillion deeper in debt.