Are you confused by comparison between Capitalist USA and Communist China?
Capitalist USA , as a NO. 1 nation int the world, has dragged the whole world into a greatest global economy depression in history; Uncle Sam carries 12 trillion dollars of debt and is still borrowing from Communist China; American people carry trillion dollars of credit card debts, equity loans debts , student loans, home foreclosures…
Chinese Communist, as a poor developping nation, considered as an enemy of free world, has trillions dollars of foreign currency reserve; it owns 2 trillion of US T-bills and is still buying more at the request of Uncle Sam; Chinse people has more than 3 trillion dollars of saving sitting in the banks and pays minimum of 30% down payment under government’s regulation when they buy a house….
Are you really confused which system is better, which one is worse? Will Uncle Sam ever hasve the ability to pay off its debt? Will American people survive without carrying personal debts? Has our government learned anything from Communist China?
No, but you appear to be.
