The US Federal treasury is running out of money to US's overseas lenders - CHINA AND JAPAN!!
The financial position of the United States has declined dramatically in the last 15 years. The United States federal budget is in the deep red, adding to America's dependency on borrowing money from overseas lenders and instantly creating huge debts to pay back. So far overseas borrowings have provided essential support to the value of the US dollar but the dollar is declining and so is that support by lenders. As the largest debtor nation, the US will have to be more conciliatory to its lenders; China is one of the biggest among them. The overseas lenders will be forced to switch from the dollar to a new currency reserve for international trade. At that time, the US economy and it's credit standing will plunge all together.
The United State's biggest overseas lenders are China and Japan; both these countries could easily cause very serious financial problems, if they wish to do so at any time in the near future. Nearly 27% of the government bonds issued by the US treasury are bought by China and Japan, another 14% by the Middle East countries. That's why the US doesn't complain much about lawless dictatorships and states with very worst human rights record. A country whose financial affairs are in the hands of foreigners is not a superpower.
Almost no one is saving any money in the United States today. Many don't have any money to save or simply don't want to save. Saving rates are very low or negative in many US states. The US government debt grows by about $1.5 billion per day and has now crossed more than $9.0 trillion dollars. The US private household debt has now crossed more than $11.5 trillion and half of these debts have been incurred after 1998. The fact is that the expanding consumer debt drives the US economy. The Americans are enjoying the present spending spree at the cost of their own future and future generations. In the near future, many Americans might have to face harsh reality like a poverty-stricken, third world family, living from hand to mouth situation without any kind of financial reserves whatsoever. The imminent economic crisis is waiting to happen in the US and will be most thoroughly predicted one in recent human history.
So, they are selling the USELESS NUCLEAR technology to make some money and create a counter balance to China.
Until, the US's '6th class' attitude changes, Anti-Americanism will gro like a wild fire!!
