China didn't, their version of S&P did. And it's funny to have China bitch when the only reason their "official" debt is low is because they create corporations that bear the burden of those debts. Add the debts held by Chinese pseudo-corporations and their debt is double ours
Last edited by rb336; October-18-13 at 04:19 PM.
I don't think that China bitching so much as stretching its expanding muscles. China now has more millionaires than the US, Chinese tourists are showing up all over the world, China yesterday bought a building in NYC from JP Morgan for $75M, china is making plans to land Chinese on the Moon, China is buying up natural resources all over the world to hand to its children while we turn our children into debt slaves. China has its problems but what we are seeing is not a nation in decline.China didn't, their version of S&P did. And it's funny to have China bitch when the only reason their "official" debt is low is because they create corporations that bear the burden of those debts. Add the debts held by Chinese pseudo-corporations and their debt is double ours
This is appropriate although it has been posted before.
Last edited by oladub; October-18-13 at 06:44 PM.
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