Tag Archives: truism

by Jake Towne If one owes a bank a thousand dollars, he has a problem. But if one owes a bank a billion dollars, then the bank has the problem. From the four years I spent in China, I assure you this truism is not lost on the Chinese, though one must never forget the banks’ ni…. ….China has downgraded our debt and has ceased increasing its Treasury holdings…… http://www.peacefreedomprosperity.com/?p=3693 added by: shanklinmike