Analyst: US is Practically Owned by China

macedoniaonline.eu...

The US trade deficit and debt continue to grow and the authorities are reluctant to address the problem, preferring to print money, Winnifrith said.

"America is practically owned by China," he said.

He reminded of the fact that in 1900, sterling was the world's reserve currency but by 1948, that was no longer the case as the British Empire collapsed.

"America is doing what Britain did," Winnifrith said. "America spends much more than it can afford and it's not addressing the issue."

In 1832, China and India were the world's two largest economies and by 2032, they will regain that status, he predicted.

"The 200 years when Britain and the US were the top two economies were an aberration and that will change," Winnifrith said.

"The decline of empires has happened much faster than folks think. I believe that gold will be a far better bet in 20 years than the dollar," he added.

US Account Balance is $ -380,100,000,000
US Trade Balance is -5.33%
Historical Economies

This was a rather interesting comparison of the two empires.

Giving my thread a BUMP

Seem to remember back in the 80's it was the Japanese who owned America.

Wonder who will own it 20 years from now?

When you think about the amount of money the U.S. government has borrowed and is still borrowing from China, them owning the U.S. is more of a reality than one may think. When the national debt is as high as it is at this time, paying it back is not only on the shoulders of the present tax payers, but for future generations to come. And IF it gets paid back is the real question.

Why would people do this to the future generations? It is like the government is selling your own children and grandchildren into future debt slavery to the central banks of the world, and your suppose to go along with it, because they think that what they are doing today to fix the economy, is the right answer to the problem, just because they say so.

In MHO, the government and the banks ARE the problem. Why is it, when people go overboard with borrowing money( over spending and not being able to pay it back), it`s called a bad thing, and they are chastised by others, but when the government goes over board with borrowing money(over spending and not being able to pay it back), others call it fixing the economy, and it`s ok? Double standard anyone?

I think you have to consider the fact that more than half of China's exports are from Western and/or American companies operating within, they are not Chinese. It's an oversimplification to state that China owns the U.S., you may want to consider how the above plays into it. China is an overinflated bubble which will pop.

Interesting thread, thankyou.