[jblum315]

Really doesn't matter because China is on its way to owning the USA

[Golfingnut]

Originally Posted by jblum315

Really doesn't matter because China is on its way to owning the USA

That would be horrible for the top 1% money makers. I think the jury is still out on the effect on the rest of us.

[Cisco Kid]

A lot of the farm ground around here is being bought buy China. Land prices are over $12000,00 per acre. A family farmer can no longer afford to buy ground. It all goes to big investors.

[donb9006]

Originally Posted by jblum315

Really doesn't matter because China is on its way to owning the USA

Take a look around, things have changed...it's the "Federal Reserve" that is on it's way to "owning the USA". Using "credit" made up on a computer...they now "own" 2X what China does. The bankers of the Federal Reserve are "buying" (again all credit), about $90 BILLION of treasury bonds and mortgages from the other banks EVERY month. China doesn't buy as much or hold as much as they used to. Nobody is buying our debt like they used to. The Fed has become the main buyer...using CREDIT.

Now there's talk of the Fed canceling the debt...after they made over $100 billion in interest on "money" they created as credit on a computer. Ah, banking...quite the racket! Make up "money" as credit, and have people pay you in REAL money the interest they "owe" you...



What we have is a spending problem...