China

[pred]

Joe90 you wrote that they made stuff out of raw materials yes but then we bought the produce they made, so surely if we (the western world) hadn't of bought there produce, they would not have had the money to invest as they have.

 

[joe-90]

China lend us the money to buy their goods. That's why we are in debt. China (and all other countries) make wealth from debt. It's complicated but if you look on You Tube you'll find plenty of vids about it.

 

[merlin50]

the money they lend us is the foreign aid we give them

 

[sooey]

I don't know whether we give China foreign aid or not, but if we do it will be measured in the millions.
The money they lend us is measured in the billions, or maybe trillions.

 

[joe-90]

If China don't lend us the dosh - their factories close and they go t*ts up with the rest of us.

 

[Blasphemous]

So why not get all the world leaders around a table and wipe out all debt and start again? Would solved the world debt crisis over night, we could all start spending more, creating more jobs, creating more demand... the very basis of Demand Management.

 

[pred]

So why not get all the world leaders around a table and wipe out all debt and start again? Would solved the world debt crisis over night, we could all start spending more, creating more jobs, creating more demand... the very basis of Demand Management.

Wasted talent! I think you should be on the "slow boat to China" no sorry i meant to say trade delegation to China.

 

[ryme64]

So why not get all the world leaders around a table and wipe out all debt and start again? Would solved the world debt crisis over night, we could all start spending more, creating more jobs, creating more demand... the very basis of Demand Management.

Well done Mr. Brown.

 

[Norcon]

So why not get all the world leaders around a table and wipe out all debt and start again? Would solved the world debt crisis over night, we could all start spending more, creating more jobs, creating more demand... the very basis of Demand Management.

That would be great but world leaders control jack .... when it comes to financial matters.

 

[joe-90]

The bankers rule the world. The Jews own the banks. Simples.