Submitted by dog on Tue, 2010-01-26 16:30
The Balance of Power Shifts Toward China
Steve McCann
An unreported (in the once mainstream media) disclosure by China has taken the international financial world by shock and surprise. China declared that its foreign exchange reserves had increased to $2.4 Trillion in 2009, a gain of $453 Billion in one year. It is estimated that the reserves will rise by an equal amount in 2010.
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Educational Efforts
In the midst of the longest,
In the midst of the longest, and probably deepest, postwar recession last year, the U.S. investment position with the rest of the world sharply deteriorated 70-272.
At the end of 2008, America's net international investment position was minus $3.47 trillion, the Commerce Department reported Friday. That represents the difference between the value of U.S. assets owned by foreigners ($23.36 trillion) and the value of foreign assets owned by Americans 70-284 latest dumps($19.89 trillion).
At the end of 2007, the U.S. net international investment position was minus $2.14 trillion. Thus, America's net indebtedness with the rest of the world increased by $1.33 trillion, or 62 percent, during 2008. It was by far the biggest annual increase in data that go back to 1976 70-290 dumps.
Foreigners now hold nearly 50 percent of the federal government's publicly held debt. If foreign investors significantly reduce their purchase of future U.S. Treasury debt securities, without even dumping their current holdings, U.S vcp exam. interest rates could soar and the dollar could collapse, analysts fear.