Posts Tagged ‘Current’

 

How is China buying our debt if they are one of the poorest countries on earth?

Tuesday, March 16th, 2010
pearbear asked:


China is supposedly buying more than 1 trillion of our current debt. I am aware that we have a trade deficit but it is no where near that amount. So how are they buying our debt? Or are they?

 

What would happen to the debt of sharecroppers if the next year’s crop didn’t do as well as the previous year?

Saturday, December 6th, 2008
sarah asked:

AThe debt would be forgiven by the store owner.

BThe debt would be turned over to the government to enforce payment.

CThe debt would grow larger and be added to current debt.