OTCPK:TOUBF - Post by User
Post by
ghost11on Jul 01, 2011 8:53pm
351 Views
Post# 18789436
America declares economic war on China
America declares economic war on ChinaStarted yeras ago with China using child labour, with levies on imports, with usage of lead in toys and other materilas that may pose health risks to forced labour ( prisoners). When all failed to derail the thundering economy and China's refusal to float the Yuan, they are after chinese companies.
The latest funny news on CNN is that China is bankrupt and Chinese government has heavy debt load of 150% of GDP as opposed to America 93% and Greece 142%. The host they invited an Chinese American depunked the accusations however, and explained the different methods of calculations of national debt between America and China. America is worried tthat China may dump the floundering dollar and stop buying American debt thus causing a historical run on the dollar.