Discussion » Questions » Politics » Has the US economy really gotten this bad?
Nanoose

Has the US economy really gotten this bad?

While defending Trump’s tariffs JD Vance said - the US now has to borrow money from Chinese peasants.

"We borrow money from Chinese peasants to buy the things those Chinese peasants manufacture". 

It isn't very diplomatic and no way to negotiate a trade war . Cheers!

 

Posted - April 8
Tags : None

Responses


  • 17319
    The US has been borrowing money from China since the Second World War. The deficit is almost entirely underwritten by the Chinese, and if they decide to stop buying US paper, you are going to see hyperinflation that will make Weimar Germany look like a Sunday School picnic.
      April 8, 2025 5:49 PM MDT
    1

  • 35818
    Japan owns more of the US debt than China does. 
      April 10, 2025 8:25 PM MDT
    0

  • There is nothing diplomatic or professional about almost anyone in the Trump administration.  As you know, money doesn't buy class.
      April 9, 2025 7:14 AM MDT
    0

  • 10941
    It doesn't buy intelligence (brains) either.
      April 9, 2025 8:26 AM MDT
    1

  • Quite true!
      April 9, 2025 10:40 AM MDT
    1

  • 35818
    US has always borrowed money from the China.  It has always been the Chinese people who were/are purchasing the US bonds etc that fund our debt.  And yes some of those people are peasants.
      April 10, 2025 7:02 AM MDT
    0

  • You think Chinese peasants can afford to buy US bonds?  Must be nice living in your fantasy world.
      April 10, 2025 7:14 AM MDT
    0

  • 35818
    That is what has been reported for decades. They and Japanese buy US bonds for retirement planning. 
      April 10, 2025 8:24 PM MDT
    0

  • It would appear you don't understand the definition of "peasant."

    EDITED TO ADD:

    peasant

    noun
    1. a member of a class of persons, as in Europe, Asia, and Latin America, who are small farmers or farm laborers of low social rank.
    2. a coarse, unsophisticated, boorish, uneducated person of little financial means.

    With little financial means, how do Chinese peasants buy US Bonds for the non-existent retirement?  
    This post was edited by Benedict Arnold at April 11, 2025 9:04 AM MDT
      April 11, 2025 8:31 AM MDT
    0

  • 35818
    Read Vance's statement.  He is not talking about the rice field workers. 

    He is talking about the people working in manufacturing.  
      April 11, 2025 11:51 AM MDT
    0

  • OK - you can have the last word.  Have a nice day.
      April 11, 2025 1:18 PM MDT
    0

  • 35818
    You have a wonderful day as well. 
      April 11, 2025 3:51 PM MDT
    0