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China owns us, right? not really - GGniner - 04-06-2009 04:26 PM
http://www.treas.gov/tic/mfh.txt
http://www.treasurydirect.gov/govt/reports/pd/pd_debtposactrpt_0901.pdf
RE: China owns us, right? not really - SumOfAllFears - 04-06-2009 04:53 PM
Is that in US Dollars or Yen.
RE: China owns us, right? not really - Owl 69/70/75 - 04-06-2009 05:22 PM
Watch the Chinese, Japanese, and OPEC numbers get a lot bigger in the next few years. Why? Because a lot of money is going to have to come from somewhere, and there's nowhere else.
Another take from a different perspective. What would be the stimulative effect if the $3.2 trillion in government debt owned by US firms and citizens were instead invested in the private sector?
RE: China owns us, right? not really - Jugnaut - 04-06-2009 05:31 PM
How can you own your own debt? That doesn't make sense.
RE: China owns us, right? not really - Tripster - 04-06-2009 08:34 PM
(04-06-2009 05:31 PM)Jugnaut Wrote: How can you own your own debt? That doesn't make sense.
You ARE talking about the United States Congress and the United States Government after all .....
These characters can legally print money on Rolls of Toilet Paper ...
.
RE: China owns us, right? not really - smn1256 - 04-06-2009 09:25 PM
(04-06-2009 08:34 PM)Tripster Wrote: These characters can legally print money on Rolls of Toilet
Crap, I wonder how much $$$ I've flushed down the drain????
RE: China owns us, right? not really - GGniner - 04-13-2009 08:56 PM
another point I forgot to add to this:
Foreigners owned more of the National Debt in the early 18th century than they do today. Its' believed that they held over 50% of our debt under Jefferson, he had to borrow from the Dutch for the La. Purchase for example.
granted, this wasn't bad debt like some of the Stimulus and other spending the borrowing is for today, no social engineering schemes really then.
In a debate in 1811, South Carolina Senator John Taylor said:
Quote:"No man, who has attentively considered the rise, progress, and growth of these States, from their first colonization to the present period, can deny that foreign capital, ay, British capital, has been the pap on which we first fed; the strong aliment which supported the stimulated our exertions and industry, even to the present day."
heh
Foreign Money dug the canals, built the railroads, and settled alot of the West, etc....
RE: China owns us, right? not really - Owl 69/70/75 - 04-13-2009 09:00 PM
(04-06-2009 05:31 PM)Jugnaut Wrote: How can you own your own debt? That doesn't make sense.
The "assets" backing your social security "account" are IOUs from the federal government. So that represents money that the general fund owes the social security "fund."
RE: China owns us, right? not really - mlb - 04-14-2009 08:09 AM
Yep... it is pretty much all social security money. If the US government had left that money there so it could be invested properly in private companies then they would not have anywhere near the money issues in that fund as they do now.
RE: China owns us, right? not really - GGniner - 04-14-2009 08:47 AM
or if the Baby Boomers had had an average of 2.5 to 3 kids per couple to keep the scheme going
RE: China owns us, right? not really - Owl 69/70/75 - 04-14-2009 09:11 AM
(04-14-2009 08:47 AM)GGniner Wrote: or if the Baby Boomers had had an average of 2.5 to 3 kids per couple to keep the scheme going
But then we'd be in a much bigger import hole.
RE: China owns us, right? not really - GGniner - 04-14-2009 09:48 AM
(04-14-2009 09:11 AM)Owl 69/70/75 Wrote:(04-14-2009 08:47 AM)GGniner Wrote: or if the Baby Boomers had had an average of 2.5 to 3 kids per couple to keep the scheme going
But then we'd be in a much bigger import hole.
only if these extra americans were worthless. If they were out working and producing, it would balance that more so.
of course maybe not with the Govt. restricting things like Oil Drilling(Domestic production).
RE: China owns us, right? not really - I45owl - 04-14-2009 10:36 AM
(04-14-2009 08:47 AM)GGniner Wrote: or if the Baby Boomers had had an average of 2.5 to 3 kids per couple to keep the scheme going
That's what immigration enforcement policy is for (note careful choice of words).
RE: China owns us, right? not really - Owl 69/70/75 - 04-14-2009 10:24 PM
(04-14-2009 09:48 AM)GGniner Wrote:(04-14-2009 09:11 AM)Owl 69/70/75 Wrote:(04-14-2009 08:47 AM)GGniner Wrote: or if the Baby Boomers had had an average of 2.5 to 3 kids per couple to keep the scheme going
But then we'd be in a much bigger import hole.
only if these extra americans were worthless. If they were out working and producing, it would balance that more so.
of course maybe not with the Govt. restricting things like Oil Drilling(Domestic production).
If they're out working and producing things, that might hold true. But if they're working service or retail, no. And that's where we are creating jobs, so that's the basis for my comment.
RE: China owns us, right? not really - Tripster - 04-15-2009 01:05 AM
.
I have always said that when the "Big Daddy Doo Doo" hits that old spinning fan, China will turn out to be our only real Ally against the Oppressor.
After all, Japan created the Modern China during World War II by slaughtering and raping the entire country almost to death and WE WHIPPED JAPANS COLLECTIVE ASS and Liberated China.
And Red is the Conservatives Color anyway .... how uncouth of you Blue Devils !!!
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RE: China owns us, right? not really - GGniner - 04-15-2009 08:18 AM
now, how Bonds, which is what Japan and China and others own as investments to them, apply to this age old Princple on Debt:
Quote:Proverbs 22:7 (New International Version)
7 The rich rule over the poor,
and the borrower is servant to the lender.
I'm not sure, seems to me that unlike Credit Card debt or Loan Shark debt for example, the United States is not the slave of China and if anything its the reverse.