Re:Nobody ‘stealing’ your jobs, you spend too much on wars, ...
by taxicabjesus on Friday January 20, 2017 @02:16PM
(#13446227)
> War is funded by government debt.
About 1/3 of U.S. government debt is held by foreigners. China, Japan, and the oil-producing nations use their trade surplus to buy US Bonds, because they have more cash than they need for the goods & services they purchased America.
I think this was covered in Mr. Perkins' book, but it's been a long time since I read it.
About 1/3 of U.S. government debt is held by foreigners. China, Japan, and the oil-producing nations use their trade surplus to buy US Bonds, because they have more cash than they need for the goods & services they purchased America.
I think this was covered in Mr. Perkins' book, but it's been a long time since I read it.