Forum Post: China is bankrolling us - We owe CHINA 2 TRILLION DOLLARS!
Posted 13 years ago on Oct. 14, 2011, 12:34 a.m. EST by usaworktomuch
(55)
This content is user submitted and not an official statement
nuff said!
I always wondered what China will do if we said we couldn't repay it.
Let me just tell you it wouldn't be pretty. But perhaps it might be "Alaska" - (they might ask for it). I'm not a fan of Bill O'Reilly - but he knows (and has spoken about this before) this same issue. He knows that this situation is serious and can/will affect us in the future. One of the most immediate effects (from the dept we owe China) that we may witness in the immediate future is that China will have some sway on our actions throughout the world. For example if we wanted to "take action" in a country and China didn't want us to do that - they may threaten us to pay them what we owe them and if we couldn't - then out foreign policies might be altered because of this.
Exactly. They will start influencing our policies. If we don't obey, no more money. They are the smart ones. They have realized economic power is better than military power. They are taking over the world. While we keep fighting barbaric wars.
Said eloquently "FuManchu" in fact better then I said :-)!
Who is running the federal reseves? Little Finger!?
World Collapse Explained in 3 Minutes: http://www.youtube.com/watch?v=NOzR3UAyXao
That's HYSTERICAL!!!! But actually kinda sad/scary?!
I don't mean to be offensive. When people post somethiing like this, it doesn't come across well. One of the characteristics of propaganda is the part that isn't said. It's deliberately left for the audience to conjure up whatever they can from a statement that sounds vaguely ominous.
Why don't you show your integrity and fill us in. Why is this such a danger?
I apologize for any propagandist innuendoes - I would be a lair to say that might not have been my motive. But I believe that now is the time for such propaganda - at this way people will begin to wake up. As to why this is such a danger - please read below (as replies to this post should answer).
It's nonsense written by people who don't know what they're talking about. You suggested there was something to be concerned about. All I'm gonna say is that this is a mutually beneficial arrangement that neither side would want to disturb.
Have you been reading about the newly signed Trade Bill sparked by China's currency? This is not "nonsense" you imbecile - this is fact. If it is such a mutually beneficial arrangement" why is China up in arms regarding this newly signed bill?! It is not healthily for a country to owe the exorbitant amount of money, money which would be near impossible to payback. These rich elites wall street people are bankrolled my China. I just wish China would pull the rug out from under us - just to see what would happen LOL!
Go in your kitchen, turn over all the appliances, and tell me what it says on the bottom. Let's cut to the chase. The 1% has a plan. They didn't this close to seizing power on a whim. Part of that plan is war with China. So be ready. In the US, we may have all of those job back. At $2/hr. That's where we're headed. You can call me imbecile or whatever you like. I consider the source.
I agree "Dirty Hippy" that most everything in my apt is made in China. Do I think it is a good thing? - Not necessarily - because I know that America's manufacture jobs are lost because of this. But I don't blame China one bit - I blame whatever policies lead to this. I want manufacturing jobs back in America and I know this will help our economy. As far as war goes - this would be horrible. China has a population of 1,331,460,000; we have a population of 307,006,550 - which mean they have almost 1 billion more people then us (10 hundred billion people more). I don’t care what weaponry we have - we would not prevail. Remember what Albert Einstein said: " "I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones" - and none wants this.
The present situation came about through deliberate policy. The US issues Treasury Bonds routinely at auction. Anyone can buy. It's a market. We couldn't sell them if there were no buyers. China is a buyer. That's what people call the debt because the bonds have a maturity date and the bondholders must be paid back in full on that date. Most of the buyers are American citizens. Europe and Japan buy a lot too. Even with the downgrade which basically says these bonds aren't as safe anymore as they were, they still buy. Even with the interest rate almost at zero, they still buy. China has excess cash. They need to put it somewhere. There are no feasible alternatives for them. They don't have any leverage over us by owning the bonds anymore than the other bondholders. The only real problem is our own economic situation. There's a market for the bonds and China could theoretically put all their bonds up for sale. But you can't sell something if there isn't a buyer. And they'd only be back where they started with cash and nowhere to put it. Owning the bonds is also a bet on their part that the dollar will appreciate against their own currency because the bonds are only issued in dollars. The debt isn't the problem. The jobs however is a real problem. Corporations like GE that were founded in this country and became successful here have no loyalty or responsibility. We've been screwed .
And yet the Federal Reserve owns 5.3 trillion of our debt.
And no one screams.
http://www.cnbc.com/id/29880401/The_Biggest_Holders_of_US_Government_Debt?slide=16
Perpetual debt servitude.
Exactly!
Are you kidding. I love working meaningless jobs that have no end.
And being born owing more than you could ever possibly pay off.
Now that's putting a real figure on our 'debt to society'.
Not surprising when you consider this:
http://www.youtube.com/watch?v=TX1N3opw5eI
Chinese subsidies support supply in China, and Chinese loans support demand in the US. Where would we be without China? We have become economically dependant upon China in every way, and are going into debt at the same time while China does not. Some partnership huh? The Chinese do trust us though because they invest immensely in our currency, but I doubt that we should have made any commitment. We need to control our currency. I remember in the eighties hearing about how we were exporting freedom to China. Now I think that the nature of business is so inherently mutual that we must have also imported some slavery as well, because we have become an Indentured Nation.