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!!
RE:BECAUSE
by on Apr 13, 2007 10:05 PM Permalink
I am an Indian, I don't want tell about others problems & their debts. It is their national preference. Like that I also expect to help us to sort out our electricity problem w/o much bothering about our national security. For that I need US & other Nations in NSG, help.
RE:BECAUSE
by Uday Porandla on Apr 13, 2007 09:59 PM Permalink
He is not being anti-american here.He just said the facts and infact they are stark realities. US would no longer be a economic super power if the oil ceases to exist in the middle east. Its rich economy even though debt-ridden will no longer continue once the US dollar is replaced as Global Reserve Currency. Every country wants to trade with US to get the dollar in its central bank. With more dollars, you make purchase internationally like oil, goods and commodities. Only US dollar mind you and not any British pound or Euro no matter how strong your economy is. Its the military might of US that makes US stronger. Economy is like multi layered sphere. Here incase of US, its like dollar is being backedup of Tomahawk ,Abram tanks..and they are again backed up of US Dollar. Remember Dollar is just a Fiat currency. See some history of Bretton Woods, Middle East Oil Embargo...and you know why US owns most of the world resources for free...!
RE:BECAUSE
by on Apr 13, 2007 09:47 PM Permalink
Anti American dudes in the forum are some commies who always oppose what ever it is american, they don't care good for whom, bad for whom. If it is American, then oppose, that is written in their fate. We expect a moderate policy from American in terms of what ever civilian deal considering our security too, that is my wish. Note it is civilian deal, please avoid talking about military while dealing w/ a civilian deal. We know American and others also responsible too. America is beautiful, educated, technologically superior. Let us wish good for all nations.
RE:BECAUSE
by UmaShankar SathyaKumar on Apr 13, 2007 09:50 PM Permalink
What is your NAME????? NAMELESS...U are talking about America is beautiful?????.... Do you know where is a country called America????
RE:BECAUSE
by Chankya Pandit on Apr 14, 2007 01:22 AM Permalink
by chaitanya kumar on Apr 13, 2007 09:21 PM | Hide message the mere fact that you wear anti-americanism on your sleeves shows the might of the nation. Leave the debt burden out. USA has the best scientific research and educational institutions, very vibrant democracy and to top it all, the US military and cutting edge technology which makes sure that dollar stays the way it is. Pride in your nation instead of going with the flow of anti-american dudes like commies, muslims and others who gain from it.
