If American Economy Collapses Will It Beg For Money From Asian Countries Like India And China?
Posted by China Sourcing CommentatorSep 28
american federal reserves are quickly running out while attending the bailouts while it is a known fact that india and china has good financial reserves even in this period of global recession.
Popularity: 3% [?]
Stumble Upon
Del.icio.us
Buzz
Definetly! The US still owes China trillions of dollars and Japan billions of dollars. As for India, I’m not sure about that.
America already does borrow money from Asian countries. The US is in like trillions of dollars of deficit from borrowing money from China. I guess India will be the next stop in the future.
Looks like
we are 11.5 trillion in debt but still the #1 b@d@$$ COUNTRY IN the WORLD
There is no need to. US can print its own money.