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13 Nov, 2009 12:16

US will never repay China’s $1 trillion

Chinese President Hu Jintao has called for free trade and investment liberalization during his address at the Asia-Pacific Economic Summit in Singapore.

The Chinese leader has also put forward a four-point proposal to boost economic growth and revive the world economy.

“China would love to reduce its dependency on the US and dependency is a good word. The US dollar has become the opium of international trade and China is an addict,” believes former stockbroker Max Keiser.

“America has absolutely no intention whatsoever of repaying China one trillion dollars [the US owes]. That is why China cannot get enough of buying gold bullion. This [showing US dollar banknotes] is Warren Buffett toilet paper,” claims Keiser.