How and why did Americans Come to Owe China and Made the Economy to be in a rece

  1. ixwa profile image85
    ixwaposted 7 years ago

    How and why did Americans Come to Owe China and Made the Economy to be in a recession/Depression?

  2. skgrao profile image71
    skgraoposted 7 years ago

    Its the politicians who come to power by your vote.
    The American Politicians do not know what they know.
    Your Present President before he was voted he told he will kill Osmana Bin Ladan but he is killing Americans in Afghanistan & Iraq.
    He is giving money to Pakistan to kill Pakistanis.
    Industries in America are in China.
    Unaccounted money of American Billionaires lie out side America.
    Made in USA has gone,it is now Made in China.
    Boycot Made in China goods,buy only Made in USA goods.
    Mahatma Gandhi made Indians burn Made in England Goods.
    Do you have a Mahatma Ghandhi in USA.? 
    In China no one votes.

  3. MicahI profile image84
    MicahIposted 7 years ago

    China holds a large portion of our debt for two reasons.  First and primarily, they buy treasury bonds from the government.  The U.S. government has issued trillions of dollars in debt over the last 20 years, and China has been the primary buyer.  The second reason is because of the trade deficit between the two countries.  The U.S. buys more from China than China buys from the U.S., meaning that China is left with extra U.S. dollars in their coffers.  The U.S. is obligated to honor those dollars, thereby giving China considerable leverage.

    As far as creating the current recession, I don't know of any evidence supporting that claim.