Post by
Cold_Zero »
https://forums.nicoclub.com/cold-zero-u2277.html
Mon Sep 01, 2008 3:33 am
Guys,This has been going on for years. Even before the GW Bush administration. In the 1970's and 1980's it was England that was buying up US held companies (specifically the publishing houses which caused great alarm as this is a main component of your free speech in this country.) Then it was Japan in the 1980's buying up companies and yes US Debt. Since the 1990's it has been China. Now with the Home Mortgage Crisis and the ensuing Credit Crunch, countries like Singapore, Korea and China sent billions of dollars to bail out our financial companies that were in trouble.
What has always concerned me about China is their leveraging the trade deficit between our two countries to buy arms. I fear that our lust for cheep goods at WalMart has helped finance a military (PLAN) that my kids or grand kids will have to fight down the road.
With that said, when these countries buy our debt, they are investing in our country. I would think with hundreds of billions of dollars on the line, they would not want to loose those investments if we all of a sudden went under financially. While this is a concern, I would much rather get our house in order financially by balancing budgets, cutting taxes, stop monetizing our debt for big ticket items and having more efficient government. bud