Did you know USA owes China 1.4 trillion dollars and more in debt?

yes - it's strange that the USA owes money overseas and more every year. It's almost as if the people who control the world's largest economy are too incompetant to run a small business.

In the last few years, however, Australia (in contrast) has completely paid off its foreign debt.

Industrial and Technical Economics facilitates accounting for what seems to be astronomical debt. The reality is that exchange of goods and services for the debt requires creative and innovative planning and policy.

Resolving trade balances involves activities and events about which most people are behind the learning curve or less than familiar. Arbitrage is the simplest term for resolution of material imbalances.

Trading differences exist by virtue of production availability and demand across borders or oceans. Necessities initiate the exchange. Discretionary and luxury marketing follows.

The interesting feature of the balances is there will be no mass foreclosures of real property. Another factor is the immobility of real property. Sovereignty places a restrictive buffer on methods of resolving international debts.

ok thanks for the info, but it does'nt mean that US is loosing its world power status,

Its very strong in politics and oil, all democrats and republicans love their country which is more important for a country.They are ready to make bloodshed anywhere in the world if US is getting long term benifit from that!!

so no chance for them to loose world power ,because they are already doing their politics to keep in control India and they will do it for China also

Thanks in part to WalMart. We put the nails in our own coffin. Aint we a smart bunch!? At least the stockholders are tickled.

btw, other countries owe the US over 8 trillion $ because the US has helped out with so many other countries out with their problems.

With all the crap that they have sent us over this past year, they should be paying us for taking it.