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US will never repay China’s $1 trillion
Published: 13 November, 2009, 15:16
Edited: 14 November, 2009, 13:57
TAGS: Scandal, USA, Economy, Finance
Chinese President Hu Jintao has called for free trade and investment liberalization during his address at the Asia-Pacific Economic Summit in Singapore.
The Chinese leader has also put forward a four-point proposal to boost economic growth and revive the world economy.
“China would love to reduce its dependency on the US and dependency is a good word. The US dollar has become the opium of international trade and China is an addict,” believes former stockbroker Max Keiser.
“America has absolutely no intention whatsoever of repaying China one trillion dollars [the US owes]. That is why China cannot get enough of buying gold bullion. This [showing US dollar banknotes] is Warren Buffett toilet paper,” claims Keiser.
13.11.2009, 06:05
1 comment
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13.11.2009, 16:43
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'Also think is a matter of time for the dollar the debt is to big, the Euro zone is doing well they already got out of recession, 'Mean the big economies like Germany, France and Italy they have surplus in the last 3 quarters, also Asia and Latin America, but Asia is doing better, its better for the all world to have another markets not just depending on one economy that's why the countries around the world need to make more free trade agreements with each other.
1 Trillion $ ?! OMG! China should procced to ... attachment of the White House, throw out Obama and put the red flag on the top. LOL.