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Thread: The world pays the bill for US credit crisis?

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[quote=GUEST6896,341088]The data of BEA reveals that America's overseas assets increased 3.56 trillion dollars in 2007. By the end of last year, US had accummulated its overseas assets to 19.46 trillion dollars. This means that the American investors do investment overseas to earn huge profits. What does other countries do? They are busy with accumulating dollar assets. Last year, the foreign investors accumulated 3.43 trillion US assets.

By the end of last year, US's external total debt had reached 21.18 trillion dollars. However, the dollar has devalued a lot since 2002. With dollar devaluing, its external total debt has decreased 3.58 trillion dollars. Maybe, this is the real reason why US lets the dollar devalue.

The credit crisis in US triggers the financial crisis and US has suffered a lot from the financial crisis. What's more, the whole world are affected by the financial crisis. The world is bearing the losses caused by America. By the way, US's external debts have decreased again.

Now the world is paying the bill for US credit crisis.[/quote]

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