Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By halthouse1 (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

US downgrade: Communist China is one unhappy camper!

Sunday, August 7, 2011 13:50

% of readers think this story is Fact. Add your two cents.

Communist China owns over $1.1 trillion of US treasury debt and it is not a happy camper!

As the largest holder of US treasury debt of all non-US countries, Communist China has a large stake in the future viability of the US economy.

Similarly the United States, with Communist China as the greatest foreign benefactor of our deficit spending habit, has a large need to keep that country coming back to buy more of our bonds.

Note: I am using the name Communist China rather than simply China in order to highlight just how ironic it is that the largest and most important capitalist economy in the world (the US) is now dependent on one of the few remaining communist country’s in the world (China) for its economic viability.

China states its unhappiness with US politics and US spending habits in no uncertain terms!

China has commented on US fiscal policy before, but in light of the fact that S&P finally downgraded the US to AA+, Washington should probably start to take it a little more seriously.

We cannot continue airing any more episodes of the Washington Dysfunction Chronicles – Kicking the can down the road edition to the rest of the world if we want to maintain any semblance of economic credibility, keeping them buying our debt!

Read the commentary from the official Chinese news agency at The Political Commentator here.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

LION'S MANE PRODUCT

Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.

Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.

Comments

Visits:	1,819,597,487
Stories:	8,668,476