In serious hock to China?

[schrodingerscat]

Having watched various documentaries about the USA's trading debts to China , does anyone know the state of our as in the UK's finances ? Are we in a similar situation ?

[Nobody You Know]

Does it really matter, the UK economy is completely fked anyway.

[Adrian W]

Not many companies get credit in China, up front or letter of credit

[BigLepton]

Not nearly to the same degree, I think the Chinese are havily focused on their economic take over of the US right now.

[schrodingerscat]

Adrian W said:

Not many companies get credit in China, up front or letter of credit

i don't mean companies individual debts but the fact that china has so much currency in US treasury bills that they almost own the place, i was wondering how we stood as a country

[tinman0]

BigLepton said:

Not nearly to the same degree, I think the Chinese are havily focused on their economic take over of the US right now.

Chinese are already having problems with the US consumer for two reasons.

1. the recession
2. mexico is cheaper and its exports to the US are growing each month

My money is that Chinese growth will be history within a couple of years.

[Fittster]

tinman0 said:

BigLepton said:

Not nearly to the same degree, I think the Chinese are havily focused on their economic take over of the US right now.

Chinese are already having problems with the US consumer for two reasons.

1. the recession
2. mexico is cheaper and its exports to the US are growing each month

My money is that Chinese growth will be history within a couple of years.

Don't think China has much to worry about Mexico unlike the US.

"Indiscriminate kidnappings. Nearly daily beheadings. Gangs that mock and kill government agents.

This isn't Iraq or Pakistan. It's Mexico, which the U.S. government and a growing number of experts say is becoming one of the world's biggest security risks.

The prospect that America's southern neighbor could melt into lawlessness provides an unexpected challenge to Barack Obama's new government. In its latest report anticipating possible global security risks, the U.S. Joint Forces Command lumps Mexico and Pakistan together as being at risk of a "rapid and sudden collapse."

"The Mexican possibility may seem less likely, but the government, its politicians, police and judicial infrastructure are all under sustained assault and pressure by criminal gangs and drug cartels," the command said in the report published Nov. 25.

"How that internal conflict turns out over the next several years will have a major impact on the stability of the Mexican state."

Retiring CIA chief Michael Hayden told reporters on Friday that that Mexico could rank alongside Iran as a challenge for Obama — perhaps a greater problem than Iraq.

The U.S. Justice Department said last month that Mexican gangs are the "biggest organized crime threat to the United States." National security adviser Stephen Hadley said last week that the worsening violence threatens Mexico's very democracy.

Homeland Security Secretary Michael Chertoff recently told The New York Times he ordered additional border security plans to be drawn up this summer as kidnappings and killings spilled into the U.S.

The alarm is spreading to the private sector as well. Mexico, Latin America's second biggest economy and the United States' third biggest oil supplier, is one of the top 10 global risks for 2009 identified by the Eurasia Group, a New York-based consulting firm."

[Simpo Two]

Fittster said:

Retiring CIA chief Michael Hayden told reporters on Friday that that Mexico could rank alongside Iran as a challenge for Obama — perhaps a greater problem than Iraq.

But much easier to get to!

[tinman0]

Fittster said:

tinman0 said:

BigLepton said:

Not nearly to the same degree, I think the Chinese are havily focused on their economic take over of the US right now.

Chinese are already having problems with the US consumer for two reasons.

1. the recession
2. mexico is cheaper and its exports to the US are growing each month

My money is that Chinese growth will be history within a couple of years.

Don't think China has much to worry about Mexico unlike the US.

Despite Mexico's problems, Mexico is taking over from China and its already happening. Clothing is the big mover at the moment.