The United States is mired in debt, both internally and externally. If you think this does not affect you not to live in this country, think again because more than 70% of transactions made in the world are in dollars . in simple terms: US issues Treasuries backed by the word of the country (since 1971 equated to the value of gold) to pay after, say 30 years or more.
Once the bond matures and is going to charge, you can renegotiate its debt and say that then pays more interest. With the money you give, the United States spends on buying ipods China, plasma TVs and filling the quota of your credit card to go to Mcdonalds. In this country, do not save a penny and government is the first to give this example.
On the other hand, China buys these bonds and that funds its low wages that workers make iPods and plasma televisions which will then sell to the United States. But this story of love and hate sick can not go on forever ..
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