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This page contains all of the posts and discussion on MemeStreams referencing the following web page: The $1.4 Trillion Question. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

The $1.4 Trillion Question
by w1ld at 2:04 pm EST, Jan 13, 2008

Chinese leaders have deliberately held down living standards for their own people and propped them up in the United States. This is the real meaning of the vast trade surplus—$1.4 trillion and counting, going up by about $1 billion per day—that the Chinese government has mostly parked in U.S. Treasury notes. In effect, every person in the (rich) United States has over the past 10 years or so borrowed about $4,000 from someone in the (poor) People’s Republic of China.


The $1.4 Trillion Question
by Decius at 1:37 pm EST, Jan 22, 2008

Chinese leaders have deliberately held down living standards for their own people and propped them up in the United States. This is the real meaning of the vast trade surplus—$1.4 trillion and counting, going up by about $1 billion per day—that the Chinese government has mostly parked in U.S. Treasury notes. In effect, every person in the (rich) United States has over the past 10 years or so borrowed about $4,000 from someone in the (poor) People’s Republic of China.

This is a good article. Fortunately, this relationship looks likely to continue for the time being, and it is the reason the present economic problems haven't turned into an all out catastrophy... The Chinese are literally bailing out our banks.


 
 
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