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#1 |
So Fucking Banned
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![]() Putting The Myth To Rest!
http://www.globalpost.com/dispatches...-ceiling-china "A close-up look at who holds America's debt. Thomas MuchaJuly 20, 2011 17:45 Truth is elusive. But it's a good thing we have math. Our friends at Business Insider know this, and put those two principles to work today in this excellent and highly informative little slideshow, made even more timely by the ongoing talks in Washington, D.C. aimed at staving off a U.S. debt default. Here's the big idea: Many people — politicians and pundits alike — prattle on that China and, to a lesser extent Japan, own most of America's $14.3 trillion in government debt. But there's one little problem with that conventional wisdom: it's just not true. While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's really Americans who hold most of America's debt. 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!" Perhaps it is time for the largest debt holder to call in the notes, forclose on and repossess the nation? ![]() |
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#2 |
xxx
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chana owns a big chunk.
how does it feel to have gone years slating comunist countries, only to have a comunist country bail the usa out.
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#3 |
Affiliate
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Basically America is fucked
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#4 |
Confirmed User
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#5 |
Too lazy to set a custom title
Join Date: Nov 2002
Location: Earth
Posts: 14,622
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Oh look it is China. Doh!
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#7 | |
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Quote:
Here's the reality, there are not puts on treasuries, so debt holders cannot call in the notes. The issuer sets the terms of the debt, not the buyer. Those of us who own treasury debt are free to sell it on the open market or hold it to maturity -- no more, no less. I'm not counting the $50 saving bond your momma gave you, so you don't fall into this group. .
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#8 |
Confirmed User
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it's EXTERNAL DEBT. china owns u.s. on external debt.
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#9 |
Confirmed User
Join Date: Oct 2002
Posts: 3,745
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Count down to Clinton supporters taking issue with listing the money he borrowed out of the social security trust fund to fund CDA, CDA II, COPPA and his other programs as actual debt.
3, 2, 1 ...
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#10 |
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It looks like America owned by many including yourself
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#11 |
Raise Your Weapon
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Nice Cut and Paste, what's your next trick ?
You know, you don't look smart by cutting and pasting, you just prove you can use ctrl c and ctrl v. Hows amazonforfree.info going for you Sally Rand ? |
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#12 | |
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#13 |
Too lazy to set a custom title
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All that is great is ...
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#14 |
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Broke Asses
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#15 |
Confirmed User
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Time to Invest in Greece
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#16 |
So Fucking Banned
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![]() You are correct on that one as Red China does indeed own the largest % of any external debt holder: http://finance.yahoo.com/banking-bud...debtmanagement "Who Owns the U.S.?" by Greg Bocquet Monday, February 28, 2011 "Regardless of how much closer Obama's budget brings our economy into a balance of payments not seen since 2001, we will continue to run deficits for the next decade, and the national debt will keep growing every year that happens. While most of the country's $14 trillion debt is held by private banks in the U.S., the Treasury Department and the Federal Reserve Board estimate that, as of December, about $4.4 trillion of it was held by foreign governments that purchase our treasury securities much as an investor buys shares in a company and comes to own his or her little chunk of the organization. Looking at the list of our top international creditors, a few overall characteristics show some interesting trends: Three of the top 10 spots are held by China and its constituent parts, and while two of our biggest creditors are fellow English-speaking democracies, a considerable share of our debt is held by oil exporters that tend to be decidedly less friendly in other areas of international relations. Here we break down the top 10 foreign holders of U.S. debt, comparing each creditor's holdings with the equivalent chunk of the United States they "own," represented by the latest (2009) state gross domestic product data released by the U.S. Bureau of Economic Analysis. Obviously, these creditors won't actually take states from us as payment on our debts, but it's fun to imagine what states and national monuments they could assert a claim to. 1. Mainland China Amount of U.S. debt: $891.6 billion Share of total foreign debt: 20.4% Building on the holdings of its associated territories, China is the undisputed largest holder of U.S. foreign debt in the world. Accounting for 20.4% of the total, mainland China's $891.6 billion in U.S. treasury securities is almost equal to the combined 2009 GDP of Illinois ($630.4 billion) and Indiana ($262.6 billion) in 2009, a shade higher at a combined $893 billion. As President Obama -- who is from Chicago -- wrangles over his proposed budget with Congress he may be wise to remember that his home city may be at stake in the deal. 2. Japan Amount of U.S. debt: $883.6 billion Share of total foreign debt: 20.2% The runner-up on the list of our most significant international creditors goes to Japan, which accounts for over a fifth of our foreign debt holdings with $883.6 billion in U.S. treasury securities. That astronomical number is just shy of the combined GDP of a significant chunk of the lower 48: Minnesota ($260.7 billion), Wisconsin ($244.4 billion), Iowa ($142.3 billion) and Missouri ($239.8 billion) produced a combined output of $887.2 billion in 2009. 3. United Kingdom Amount of U.S. debt: $541.3 billion Share of total foreign debt: 12.4% At number three on the list is perhaps our closest ally on the world stage, the United Kingdom (which includes the British provinces of England, Scotland, Wales and Northern Ireland, as well as the Channel Islands and the Isle of Man). The U.K. holds $541.3 billion in U.S. foreign debt, which is 12.4% of our total external debt. That amount is equivalent to the combined GDP of two East Coast manufacturing hubs, Delaware ($60.6 billion) and New Jersey ($483 billion) -- which was named, yes, after the island of Jersey in the English Channel. The two states' combined output in 2009 came to $543.6 billion. 4. Oil Exporters Amount of U.S. debt: $218 billion Share of total foreign debt: 5% Another grouped entry, the oil exporters form another international bloc with money to burn. The group includes 15 countries as diverse as the regions they represent: Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria. As a group they hold 5% of all American foreign debt, with a combined $218 billion of U.S. treasury securities in their own treasuries. That's roughly equivalent to the combined 2009 GDP of Nebraska ($86.4 billion) and Kansas ($124.9 billion), which seems to be an equal trade: The two states produce a bunch of grain for export, which many of the arid oil producers tend to trade for oil. 5. Brazil Amount of U.S. debt: $180.8 billion Share of total foreign debt: 4.1% Rounding out the top five is the largest economy in South America, Brazil. The country known for its beaches, Carnaval and the unbridled hedonism that goes along with both has made a big investment in the U.S., buying up $180.8 billion in American debt up to December. That's almost equal to the $180.5 billion combined GDP of Idaho ($54 billion) and Nevada ($126.5 billion), a state that is no stranger to hedonism itself. 6. Caribbean Banking Centers Amount of U.S. debt: $155.6 billion Share of total foreign debt: 3.6% You have to have cash on hand to buy up U.S. government debt, and offshore banking has given six countries the combined capital needed to make the Caribbean Banking Centers our sixth-largest foreign creditor. The Treasury Department counts the Bahamas, Bermuda, the Cayman Islands, the Netherlands Antilles, Panama and the British Virgin Islands in this designation, which as a group holds $155.6 billion in U.S. treasury securities. That's equivalent to the GDP of landlocked Kentucky ($156.6 billion), whose residents may not actually mind if they were ever to become an extension of some Caribbean island paradise. 7. Hong Kong Amount of U.S. debt: $138.2 billion Share of total foreign debt: 3.2% At No. 7 on the list of our foreign creditors is Hong Kong, a formerly British part of China that maintains a separate government and economic ties than the communist mainland. With $138.2 billion in U.S. treasury securities, the capitalist enclave could lay claim to Yellowstone Park and our nation's capital: The combined GDP of Wyoming ($37.5 billion) and Washington D.C. ($99.1 billion) totaled $136.6 billion in 2009. 8. Canada Amount of U.S. debt: $134.6 billion Share of total foreign debt: 3.1% They say that a friend in need is a friend indeed, and our neighbor to the north has proven to be a kind and generous creditor in our time of financial need. Canada holds about 3.1% of our foreign debt, or $134.6 billion. If friend were to become enemy and Canada were looking to annex some U.S. land to cover the debt though, the country would have an easy time of it. The combined GDP of Maine ($51.3 billion), New Hampshire ($59.4 billion) and Vermont ($25.4 billion) comes close to Canada's debt holdings at $136.1 billion. Residents of the three states in our extreme northeast corner should start practicing their French: They might become Québécois one of these days. 9. Taiwan Amount of U.S. debt: $131.9 billion Share of total foreign debt: 3.0% Taiwan, an island barely 100 miles off the coast of China, is claimed by the People's Republic of China, despite having its own government and economic relations with the outside world. Part of those economic relations includes the island's holding of $131.9 billion of U.S. debt, roughly equivalent to the combined GDP of West Virginia ($63.3 billion) and Hawaii ($66.4 billion), which totals $129.7 billion. Unless we get our spending in check, we risk losing some of our most visually stunning territory (West Virginia, obviously) to our friendly neighbors on the other side of the Pacific Ocean. 10. Russia Amount of U.S. debt: $106.2 billion Share of total foreign debt: 2.4% Starting off the list of our major foreign creditors is Russia, which holds about 2.4% of the U.S. debt pie that sits on the international dinner table. Its $106.2 billion in treasury securities is equivalent to the 2009 GDP of our sparsely populated North: The combined output of North Dakota ($31.9 billion), South Dakota ($38.3 billion) and Montana ($36 billion) matches up nicely with the Russian holdings, at $106.2 billion. Let's hope Russian president Dmitry Medvedev doesn't come to collect." |
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#17 |
Jägermeister Test Pilot
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Everyone seems to think that the US gets all of it's oil from the Middle East. We don't. The US gets it's oil from Canada and Mexico.
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#18 |
So Fucking Banned
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#19 |
Raise Your Weapon
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Don't you have something better to do, like fix adultadsusa.com or perhaps go tweak your gay twink sites that you love so much ?
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#20 |
Too old to care
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So will default bring the house of cards down?
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#21 |
Damn Right I Kiss Ass!
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Debt works wonders
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#22 |
Too lazy to set a custom title
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Thats crazy info,never tough about it that way
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#23 |
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I thought I read something recently that china is going into debt/recession too?
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#24 | |
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#25 |
It's 42
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So what? quid pro quo the USA allows Chinese goods to enter the country with most favored nation status on duties. |
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#26 | |
The People's Post
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ive read similar and wondered why would it be otherwise? it's wrong to assume china is immune to what's happening around the globe. fact is, china hides their #s and no one knows for sure what china's economy is exactly. |
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#27 | |
Too lazy to set a custom title
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#28 |
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If some people in Washington get their way, that obligation will go away when the program is deep-sixed.
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#29 |
Unregistered Abuser
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marion lynn is a rampant spammer
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#30 |
Downshifter
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I have a decent share of America.
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#31 |
Nice Kitty
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#32 |
Unregistered Abuser
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#33 |
Raise Your Weapon
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Sally Rands (Marion Lynn) share of America includes:
- his mothers house because he went broke and cant live anywhere else - his spam sites using dirt cheap autoresponder (cos he's broke) - his scam sites because when you're broke you need a 50 cent scam - his gay twink sites , because when you're broke masturbation followed by self flagellation is all there is to do Marion Lynn, we salute you, the young man loving, self flagellating, all round hero of the American underclasses. |
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#34 |
Registered User
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Amy Winehouse.
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#35 |
Confirmed User
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sigh.... sigh... sigh...
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#36 |
Pay It Forward
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the lord jesus christ
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#37 | |
So Fucking Banned
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I mean, how seriously can some dumbfuck be taken who cannot write a correct and coherent sentence in the English language? Are the decendants of criminal deportees from The Empire to be forgiven for abuse of The King's English? Maybe such descendants are genetically defective; what do I know? ![]() And say "Hello!" to Phantom for me! "Phantom" is repsonsible for an email program which is still clogging your inboxes and is the "Australian webmaster" to which AdultKing has refereed when slamming me. For info on "Phantom" go here: spamgossip.blogspot.com Do you people REALLY think that FUCKING GOOGLE would let that site stand if the info on it was not TRUE? |
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#38 |
Raise Your Weapon
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Dude, when you are a poor motherfucker who lives with his elderly mother in a country that is teetering toward default, trying to insult someone who lives in a country with one of the worlds strongest economies and highest standards of living is not going to work.
Nice try though. I suppose I should feel a little sorry for you that in your sixty years or so, you haven't achieved anything, haven't finished anything, rejected by those closest to you, why did she leave you anyway ? What did you do ? Marion Lynn. Just one sad old man, with nothing to show for his life. |
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#39 |
Pay It Forward
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TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com |
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#40 |
Webmaster
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Made from China
If you read it on your product, throw it away!
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#41 |
Carpe Visio
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There'd be all of two things left to buy. Maybe.
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#42 |
So Fucking Banned
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![]() I tnink the key here is that roughly 80% of US debt is NOT owned by China!
Think about it! |
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#43 | |
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Quote:
Now think about it." Bumping this important thread created by an old spamming tranny
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#44 |
HAL 9000
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China is sitting on 3 trillion cash reserves
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#45 |
HAL 9000
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#46 | |
So Fucking Banned
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I like it! Thanks! |
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