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2004-12-01 China-Japan-Koreas

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Posted by Steve White 2004-12-01 12:46:05 AM|| || Front Page|| [2 views since 2007-05-07] Top

#1 Mmmmmmmmm maybe. With those cash reserves, borrowing isn't as important and the rating has less of an effect. I suspect that there are ways around it, as well, by the government holding assets abroad in trust for lenders.

Just like Israel, this is a nation on a war footing. Deficits result. Because of the refusal of most world governments to recognize Free China, they have to pay cash on the barrelhead for their weapons. Heck, even the Congo can get credit, but not Taiwan.

Posted by Chuck Simmins 2004-12-01 11:40:38 AM|| [http://blog.simmins.org] 2004-12-01 11:40:38 AM|| Front Page Top

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