- Joined
- Sep 2, 2008
- Messages
- 49,157
- Reaction score
- 1
Absolutely.
Why are we in debt to China. They send us stuff, we send them dollars, they don't spend the dollar so they buy American bonds. Someone is out of work here because of the trade deficit. In a practical sense we don't owe China money, we owe them stuff. The balance of payments is the mismatch between what they send up and we send them. That gets translated into the trade deficit which helps increase our liability to China.
this isn't enough, the risk vs reward isn't there. lol, like this will solve our trade deficit with china.