July 15, 2009

China’s Currency Reserves May Top $2 Trillion for First Time - Bloomberg.com


China’s Currency Reserves May Top $2 Trillion for First Time - Bloomberg.com: "China’s Currency Reserves May Top $2 Trillion for First Time"

China has all the money and the US has all the debt.... classic cash heist.

1 comment:

  1. Dude, whose fault is that? The prevailing fiscal policy over the last 30 years has been to severely cut taxes and spend outrageously on the military and the space program. This fits with well with the "use other people's money" mindset we have as Americans. If we finally admit that we need to address the revenue side AS WELL AS the expense side, then we may be able to start eliminating some of this debt.

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