Sunday, March 13, 2011

They arrested 3100,but 3098 have already been released. One was drunk, and the other is waiting for his mommy to bail him out.The United States’ national debt is approximately 14.1 trillion dollars. We owe China (and Hong Kong) approximately $1.05 trillion. (The U.S. owes Japan approximately $897.38 billion and England approximately $476.74 billion.)

Money is power! China has foreign exchange reserves (FOREX) totaling 2.85 trillion dollars. That is a lot of money. To put it in some perspective, consider this:

NASDAQ lists 2,874 companies, which have a total market capitalization of approximately $3.1 trillion. So, China can easily purchase all of those companies.

China has now overtaken Japan as the world’s second largest economy. Remarkably, the United States is still first. In 2010, China accumulated 183.1 billion dollars in global trade surplus. In 2010,China’s economy achieved a growth rate of 10.3%, while the United States currently languishes at mere 2.5%. The economic super-powers want the Chinese economy to be much more consumer-driven. However, that is wishful thinking! China only embraces certain capitalistic notions and practices. It respects few free-market principles. After all, it is still a communist country.

No comments:

Post a Comment