Friday, May 29, 2009

Where did all the money go?

I was surprised to find that U.S. government borrowed $770 billion from China. In comparison, all the oil exporters (Saudi, UAE, etc) only lent $213 billion to the US. So, when US is deploying those nuke subs and F22s around China, it is actually using Chinese money. Who owes money is the boss. What a scheme!

There is an explosion of Ponzi scheme cases like this one. The victims are usually friends and relatives of the scammers. It seems everyone is losing money: from small investors, to big banks, to big governments. So where did the money go?

Or, maybe the money never existed in the first place.

What happened was the US government borrowed the money from other countries, and award it to US corporations (for contracts such as weapon systems) and federal employees (such as salaries for judges and agents)...

1 Comments:

Blogger overnite81 said...

U.S. in return backs and fuels terrorrism-ridden countries like Pakistan and Egypt, all in the spirit of 9-11 attacks. Did you know the case of a canadian citizen who willingly converted to Islam and now is living under a non-sense ransom executed by Taliban terrorrists?

Whoever thinks what U.S' facing is just a jihad against the 'infidels' is a fool.

Prescott Bush (G. W. Bush's grandfather) allegedly dealed with the Nazis while the U.S. was combating as an ally in WWII.

8:44 AM, May 31, 2009  

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