...and will invest much more over time, just as Europe invested in, and profited from, American economic growth in the 19th and 20th centuries. Foreign investment was a big factor in building our industrial base over our history. The benefit of that to our nation should not be underestimated.
In this century and most of the last America has been the world's safe haven for investment. There is nowhere else in the world where money can be invested with the same level of political and economic security and growth that America produces. Thus all the foreign investment. Further, all that investment is denominated in dollars. If it was in Yen or Euros it would be some concern but STILL a very good thing. Because it is in our currency we also ultimately control the value of that debt.
Current Events » in reply to How would I feel? Like China owed me a lot.
The West currently invests quite a bit in Chinese economic growth...
The whole thread (82 posts)
- Worst President Ever?
- You know I've gotten no work done since this thread started...
- Top Ten Reasons why Bush is the worst president
- Academics hate Bush. Film at 11:00 (n/t)
- Occam's Razor
- Anyone with a shred of humanity hates Bush. Guess who doesn't? (n/t)
- re: Academics hate Bush. Film at 11:00
- re: Historians have a good understanding of the past-it's their job
- Well, there was Tonkin and San Pablo.
- re: those who were responsible for 9/11 had no links with Iraq.
- re: those who were responsible for 9/11 had no links with Iraq.
- Trying to rate the present from a historical perspective is like trying to predict the future.
- In part
- By then we'll be bankrupt and China will have the power we once had (n/t)
- Used to hear all these exact same worries about Japan. (n/t)
- How do you figure?
- "Our economy is strong"
- They are holding a great deal of our govt debt.
- re: How do you figure?
- re: How do you figure?
- I agree with REB
- re: How do you figure?
- re: How do you figure?