A Hard Economic Lesson

[Richard S. (rich815)]

China wouldn't have to go to war with us to bring us to our knees, they would just call in our debts.

So just one day or on a whim they can do that eh?

 

[Xmas]

So just one day or on a whim they can do that eh?

If they stopped buying the interest rates would go up & you might have to pay more taxes. Their finances are not that wonderful either. The Greeks liked the cheap German credit.

If you guys sneeze the rest of us get bird flu.

 

[Richard S. (rich815)]

If they stopped buying the interest rates would go up & you might have to pay more taxes. Their finances are not that wonderful either. The Greeks liked the cheap German credit.

If you guys sneeze the rest of us get bird flu.

That's them stopping buying (not calling their debt) and they've been slowing down for a while.

 

[benjiboy]

Please people lets have some facts. At the end of 2011, when America’s gross public debt stood at $14.3 trillion, China’s holdings amounted to just $1.2 trillion, or 8.4 percent of the total. So much for the popular myth of the China debt.
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Foreign holdings excluding China stood at 22.4 percent, and domestic holdings at 27.3 percent.

But the largest percentage of debt was held by the Social Security Trust Fund and the Federal Reserve: 39.9 percent or $5.7 trillion.

The Federal Reserve in fiscal 2011 was the largest buyer of new U.S. Treasury debt, acquiring 77 percent.

- See more at: http://www.libertynewsonline.com/article_301_33093.php#sthash.1LZ7nazw.dpuf

The Fed.owed 22% of the total of U.S.Government debt is a very unhealthy economic situation, it's printing money that I'sn't supported by Gold or other tangible assets in the treasury,which is what Germany did under the Weimar Republic between the wars, which caused hyper inflation and the currency was so devalued that they had to take a suitcase to work every.day to carry their pay home.