"10 Years Time" America Wont be able to Pay off China's Debt

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PostWed Aug 17, 2011 9:26 pm » by Rydher


domdabears wrote:It ends for them like everyone else.
lol you seriously need to go to a religious forum.
Why the fuck are you here?
This isn't a religion forum.
I'm seriously getting sick of it.


It is a forum where you are able to speak what you believe the truth to be though, right? If that's what he believes, then so be it.

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PostWed Aug 17, 2011 9:28 pm » by domdabears


rydher wrote:
domdabears wrote:It ends for them like everyone else.
lol you seriously need to go to a religious forum.
Why the fuck are you here?
This isn't a religion forum.
I'm seriously getting sick of it.


It is a forum where you are able to speak what you believe the truth to be though, right? If that's what he believes, then so be it.

yeah, only if it was the truth.

And there's no free speech here.
Everyone needs to get that notion out of their fuckin head.
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PostWed Aug 17, 2011 9:30 pm » by Phaeton


Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:

Hong Kong: $121.9 billion (0.9 percent)
Caribbean banking centers: $148.3 (1 percent)
Taiwan: $153.4 billion (1.1 percent)
Brazil: $211.4 billion (1.5 percent)
Oil exporting countries: $229.8 billion (1.6 percent)
Mutual funds: $300.5 billion (2 percent)
Commercial banks: $301.8 billion (2.1 percent)
State, local and federal retirement funds: $320.9 billion (2.2 percent)
Money market mutual funds: $337.7 billion (2.4 percent)
United Kingdom: $346.5 billion (2.4 percent)
Private pension funds: $504.7 billion (3.5 percent)
State and local governments: $506.1 billion (3.5 percent)
Japan: $912.4 billion (6.4 percent)
U.S. households: $959.4 billion (6.6 percent)
China: $1.16 trillion (8 percent)
The U.S. Treasury: $1.63 trillion (11.3 percent)
Social Security trust fund: $2.67 trillion (19 percent)

So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.
http://globalpublicsquare.blogs.cnn.com/2011/07/21/who-owns-america-hint-its-not-china/

The trillion-dollar coin solution
http://www.economist.com/blogs/freeexchange/2011/07/so-crazy-it-just-might-work
http://pragcap.com/lets-end-this-debt-ceiling-debate-with-a-1-oz-1t-coin
Last edited by Phaeton on Wed Aug 17, 2011 9:33 pm, edited 1 time in total.
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PostWed Aug 17, 2011 9:31 pm » by Rydher


Who said anything about free speech? If you feel that strongly about it, then ban him. You're a Mod.

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PostWed Aug 17, 2011 9:32 pm » by domdabears


rydher wrote:Who said anything about free speech? If you feel that strongly about it, then ban him. You're a Mod.

Trust me, I want to, but I wont.
I just complain like the rest.
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PostWed Aug 17, 2011 9:32 pm » by Flecktarn


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PostWed Aug 17, 2011 9:33 pm » by Troll2rocks


phaeton wrote:Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:

Hong Kong: $121.9 billion (0.9 percent)
Caribbean banking centers: $148.3 (1 percent)
Taiwan: $153.4 billion (1.1 percent)
Brazil: $211.4 billion (1.5 percent)
Oil exporting countries: $229.8 billion (1.6 percent)
Mutual funds: $300.5 billion (2 percent)
Commercial banks: $301.8 billion (2.1 percent)
State, local and federal retirement funds: $320.9 billion (2.2 percent)
Money market mutual funds: $337.7 billion (2.4 percent)
United Kingdom: $346.5 billion (2.4 percent)
Private pension funds: $504.7 billion (3.5 percent)
State and local governments: $506.1 billion (3.5 percent)
Japan: $912.4 billion (6.4 percent)
U.S. households: $959.4 billion (6.6 percent)
China: $1.16 trillion (8 percent)
The U.S. Treasury: $1.63 trillion (11.3 percent)
Social Security trust fund: $2.67 trillion (19 percent)

So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.
http://globalpublicsquare.blogs.cnn.com/2011/07/21/who-owns-america-hint-its-not-china/

The trillion-dollar coin solution
http://www.economist.com/blogs/freeexchange/2011/07/so-crazy-it-just-might-work



How much of this money is owed to China?

As of December/2010, the United States owed China $1.164 trillion.

There is currently $4.3 trillion owed to countries such as China, Japan and the United Kingdom. China owns roughly 27% of this total.

The United States currently has a public outstanding debt total of over $14.1 trillion. Of this total, China owns roughly 8%.

Interesting note - it initially appeared as though China was slowing down their purchases of US debt in 2010. The United Kingdom, on the other hand, was rapidly ramping up their purchases - so much so, in fact, that the United Kingdom's holdings of US debt increased over 200% in 2010.

But wait - the US Treasury Department later revealed that it was China that was behind most of the United Kingdom's frantic buying of US debt. China was buying hundreds of billions of dollars worth of US Treasuries through UK-based money managers, which meant that the purchases were initially credited to the United Kingdom. The US Treasury Department recalculated their results, and China ended up being credited for the vast majority of the purchases that were initially credited to the UK.

http://www.davemanuel.com/so-how-much-m ... -china-85/
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PostWed Aug 17, 2011 9:35 pm » by Rydher


domdabears wrote:Trust me, I want to, but I wont.
I just complain like the rest.


The Lord will no doubt bless you for your acts of mercy. :mrgreen:

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PostWed Aug 17, 2011 9:37 pm » by Will69ease


domdabears wrote:
rydher wrote:
domdabears wrote:It ends for them like everyone else.
lol you seriously need to go to a religious forum.
Why the fuck are you here?
This isn't a religion forum.
I'm seriously getting sick of it.


It is a forum where you are able to speak what you believe the truth to be though, right? If that's what he believes, then so be it.

yeah, only if it was the truth.

And there's no free speech here.
Everyone needs to get that notion out of their fuckin head.

I am quite sure he is referring to the end game prophecy were the tidings in the east trouble the king of the north. Ultimately it means WWIII were there are no winners. It won't make any difference where you are or what religion (if any) you follow if the world winds up in a nuclear nightmare. It's a pretty pessimistic way of looking at it none the less.

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PostWed Aug 17, 2011 9:39 pm » by Phaeton


troll2rocks wrote:
phaeton wrote:Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:

Hong Kong: $121.9 billion (0.9 percent)
Caribbean banking centers: $148.3 (1 percent)
Taiwan: $153.4 billion (1.1 percent)
Brazil: $211.4 billion (1.5 percent)
Oil exporting countries: $229.8 billion (1.6 percent)
Mutual funds: $300.5 billion (2 percent)
Commercial banks: $301.8 billion (2.1 percent)
State, local and federal retirement funds: $320.9 billion (2.2 percent)
Money market mutual funds: $337.7 billion (2.4 percent)
United Kingdom: $346.5 billion (2.4 percent)
Private pension funds: $504.7 billion (3.5 percent)
State and local governments: $506.1 billion (3.5 percent)
Japan: $912.4 billion (6.4 percent)
U.S. households: $959.4 billion (6.6 percent)
China: $1.16 trillion (8 percent)
The U.S. Treasury: $1.63 trillion (11.3 percent)
Social Security trust fund: $2.67 trillion (19 percent)

So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.
http://globalpublicsquare.blogs.cnn.com/2011/07/21/who-owns-america-hint-its-not-china/

The trillion-dollar coin solution
http://www.economist.com/blogs/freeexchange/2011/07/so-crazy-it-just-might-work



Interesting note - it initially appeared as though China was slowing down their purchases of US debt in 2010. The United Kingdom, on the other hand, was rapidly ramping up their purchases - so much so, in fact, that the United Kingdom's holdings of US debt increased over 200% in 2010.

But wait - the US Treasury Department later revealed that it was China that was behind most of the United Kingdom's frantic buying of US debt. China was buying hundreds of billions of dollars worth of US Treasuries through UK-based money managers, which meant that the purchases were initially credited to the United Kingdom. The US Treasury Department recalculated their results, and China ended up being credited for the vast majority of the purchases that were initially credited to the UK.

http://www.davemanuel.com/so-how-much-m ... -china-85/


Interesting find. Didnt know that. Still, this 'trillion dollar coin' solution seems viable. And would make a big impact. :think:
Last edited by Phaeton on Wed Aug 17, 2011 9:42 pm, edited 1 time in total.
"Those who danced were thought to be quite insane by those who could not hear the music"
"All our science measured against reality, is primitive and childlike - yet, in contemporary consensus, its the most precious thing we have"


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