Who bailed out Americans poor butt? CHINA
Who still has an debt to pay to China? USA
You should read
47 signs that china is absolutely destroying america on the global economic stage. China controls over 90 percent of the total global supply of rare earth.
http://theeconomiccollapseblog.com/...stroying-america-on-the-global-economic-stage
1 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Today, China's high-tech exports are more than twice the size of U.S. high-tech exports.
#2 America has lost more than a quarter of all of its high-tech manufacturing jobs over the past ten years.
#3 The Chinese economy has grown 7 times faster than the U.S. economy has over the past decade.
#4 In 2010, China produced more than twice as many automobiles as the United States did.
#5 In 2010, China produced 627 million metric tons of steel. The United States only produced 80 million metric tons of steel.
#6 In 2010, China produced 7.3 million metric tons of cotton. The United States only produced 3.4 million metric tons of cotton.
#7 China produced 19.8 percent of all the goods consumed in the world during 2010. The United States only produced 19.4 percent.
#8 During 2010, we spent $365 billion on goods and services from China while they only spent $92 billion on goods and services from us.
#9 In 1985, the U.S. trade deficit with China was 6 million dollars for the entire year. The final U.S. trade deficit with China for 2011 will be very close to 300 billion dollars. That will be the largest trade deficit that one nation has had with another nation in the history of the world.
#10 The U.S. trade deficit with China is now 28 times larger than it was back in 1990.
#11 Since China entered the WTO in 2001, the U.S. trade deficit with China has grown by an average of 18% per year.
#12 According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China.
#13 According to the Economic Policy Institute, America is losing half a million jobs to China every single year.
#14 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
#15 The United States had been the leading consumer of energy on the globe for about 100 years, but during the summer of 2010 China took over the number one spot.
#16 15 years ago, China was 14th in the world in published scientific research articles. But now, China is expected to pass the United States and become number one very shortly.
#17 China is also expected to soon become the global leader in patent filings.
#18 In 2009, the United States ranked dead last of the 40 nations examined by the Information Technology & Innovation Foundation when it came to "change" in "global innovation-based competitiveness" over the previous ten years.
#19 China now awards more doctoral degrees in engineering each year than the United States does.
#20 China now possesses the fastest supercomputer on the entire planet.
#21 China now has the world's fastest train and the world's most extensive high-speed rail network.
#22 The construction of the new $200 million African Union headquarters was funded by China.
#23 Today, China produces nearly twice as much beer as the United States does.
#24 85 percent of all artificial Christmas trees are made in China.
#25 Amazingly, China now consumes 53 percent of the world's cement.
#26 There are more pigs in China than in the next 43 pork producing nations combined.
#27 China is now the number one producer of wind and solar power on the entire globe.
#28 Chinese solar panel production was about 50 times larger in 2010 than it was in 2005.
#29 Right now, China is producing more than three times as much coal as the United States does.
#30 China controls over 90 percent of the total global supply of rare earth elements.
#31 China is now the number one supplier of components that are critical to the operation of U.S. defense systems.
#32 According to author Clyde Prestowitz, China's number one export to the U.S. is computer equipment. According to an article in U.S. News & World Report, during 2010 the number one U.S. export to China was "scrap and trash".
#33 The United States has lost an average of 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.
#34 Back in the year 2000, more than 20 percent of all jobs in America were manufacturing jobs. Today, only about 5 percent of all jobs in America are manufacturing jobs.
#35 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.
#36 The average household debt load in the United States is 136% of average household income. In China, the average household debt load is 17% of average household income.
#37 The new World Trade Center tower is going to be made with imported glass from China.
#38 The new MLK memorial on the National Mall was made in China.
#39 A Washington Post/ABC News poll conducted a while back found that 61 percent of all Americans consider China to be a threat to our jobs and economic security.
#40 According to U.S. Representative Betty Sutton, an average of 23 manufacturing facilities a day closed down in the United States during 2010.
#41 Overall, more than 56,000 manufacturing facilities in the United States have shut down since 2001.
#42 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent out of the country over the next two decades.
#43 Over the past several decades, China has been able to accumulate approximately 3 trillion dollars in foreign currency reserves, and the U.S. government now owes China close to 1.5 trillion dollars.
#44 According to the IMF, China will pass the United States and will become the largest economy in the world in 2016.
#45 According to one prominent economist, the Chinese economy already has roughly the same amount of purchasing power as the U.S. economy does.
#46 According to Stanford University economics professor Ed Lazear, if the U.S. economy and the Chinese economy continue to grow at current rates, the average Chinese citizen will be wealthier than the average American citizen in just 30 years.
#47 Nobel economist Robert W. Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040 if current trends continue.
In my deep heart, and of the Chinese people, the real table should be this.