Singapore's late Prime Minster Lee Kuan Yew once explained how Chinese workers, who earn roughly 20% of what American workers earn, live on half of their income and deposit the rest into State-owned banks that loan the money to the US government, which, in essence, means that the Chinese workers, despite earning low salaries, have accumulated more wealth than the American workers. America owe China $4.9 trillion dollars! Its crazy!
JD Vance: "We Borrow Money From Chinese Peasants to Buy the Things the Chinese Peasants Manufacture"
As bad as this sounds, it is actually true.
Singapore's late Prime Minster Lee Kuan Yew once explained how Chinese workers, who earn roughly 20% of what American workers earn, live on half of their income and deposit the rest into State-owned banks that loan the money to the US government, which, in essence, means that the Chinese workers, despite earning low salaries, have accumulated more wealth than the American workers. America owe China $4.9 trillion dollars! Its crazy!
Singapore's late Prime Minster Lee Kuan Yew once explained how Chinese workers, who earn roughly 20% of what American workers earn, live on half of their income and deposit the rest into State-owned banks that loan the money to the US government, which, in essence, means that the Chinese workers, despite earning low salaries, have accumulated more wealth than the American workers. America owe China $4.9 trillion dollars! Its crazy!
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ethiopianunity
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Re: JD Vance: "We Borrow Money From Chinese Peasants to Buy the Things the Chinese Peasants Manufacture"
Fiyamenta,
I don’t understand how America can be indebt when it is printing out of thin air at the Fed. Unless you are talking in terms of resources that the U.S does not have. Who made America in debt in the first place when they are able to manufacture it domestically? The ones to blame are the greedy corporations who wants cheap labour that in return will be the fault of the govt by allowing this, today it is on the shoulder of the citizens. The belief for unchecked wealth and infinite wealth in the hands of few is destroying U.S instead of expanding small businesses and growing the middle class that usually makes peaceful and stable nations.
Another paradox, l read once article, this debt comes from China and Russia. How come then U.S wages war against them when they are providing the resources and money? Who are the idiots, China and Russia supplying against their own destruction
I don’t understand how America can be indebt when it is printing out of thin air at the Fed. Unless you are talking in terms of resources that the U.S does not have. Who made America in debt in the first place when they are able to manufacture it domestically? The ones to blame are the greedy corporations who wants cheap labour that in return will be the fault of the govt by allowing this, today it is on the shoulder of the citizens. The belief for unchecked wealth and infinite wealth in the hands of few is destroying U.S instead of expanding small businesses and growing the middle class that usually makes peaceful and stable nations.
Another paradox, l read once article, this debt comes from China and Russia. How come then U.S wages war against them when they are providing the resources and money? Who are the idiots, China and Russia supplying against their own destruction