Originally posted by West Coast
The arguments you present are not valid. My argument, which I maintain, is China put on a circus act, in hopes people watching (the world) would think China is something that China is not.
The opening ceremony is just a BIG SHOW, that's all it is. It is not reality TV and it is not a documentary. It is simply a presentation.
Which China in return uses to devalue its own currency, which in turn creates an artificial trade deficit with America.
I do not entirely disagree with what you said, but do you realise how broke America is? How and where do you think your government came up with 410 million dollars/day war spending?
As a percentage of GDP, the US debt to China is 6%. That hardly is a devastating number.
it is not? Please add another 2 trillion dollars on top of China's 500billion dollars then tell me what the % is?
[edit on 22-8-2008 by sirmojo]



