lol i love trolling angry euros
>>81 >>83 >>84
americas debt is wholly manageable, it is a fractional percent of an 11 trillion dollar per year gdp.... 500 billion here, 500 billion there... it is nothing in context. 2 trillion is the largest estimate of cumulative debt... and still, it is nothing in the context of 11 trillion in inflows EVERY YEAR
china NEEDS america to legitimize itself. the bonds they buy from america out of 'kindness' are essential to their economy. america is integral to global trade, europe can not replace america. the dollar is low on purpose, it is a controlled strategic devaluation. the euro-zone can barely export anything anymore with its artificially overvalued euro... they want the dollar to get stronger relative to the euro but the fed is keeping it low artificially. the american consumer can do what it wants with houses and so forth, they are not a government structure