Joined
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74 Posts
after reading articals from other prep sites
china seems to be not that far behind us
esp if they own most of our debt
china seems to be not that far behind us
esp if they own most of our debt
Technically I guess you're right, they own a little over 5 trillion dollars of our 16 trillion dollar debt. So in total they don't, but that other 11 trillion is our debt, so technically they "own us" as far as international countries who hold the most debt, but the real problem is our own debt that we hold, which can't be fixed when the government keeps spending money it doesn't have, and raises taxes on its citizens.they own most of our debt
we are already printing money as fast as we can, its the only way we can repay our debt, make our dollar worth pennies, compared to their dollar.ya the problem is wait till they get into trouble and then try to cash in on their American debt...where is the money coming from?...the US will not print more money as to devalue the dollar world wide, and there is no gold in the treasury either...that is a good time to say that shtf!!
Could someone please bring me up to speed on this? How does China own 5 trillion dollars of our debt? How does that come to be?Technically I guess you're right, they own a little over 5 trillion dollars of our 16 trillion dollar debt. So in total they don't, but that other 11 trillion is our debt, so technically they "own us" as far as international countries who hold the most debt, but the real problem is our own debt that we hold, which can't be fixed when the government keeps spending money it doesn't have, and raises taxes on its citizens.
Could someone please bring me up to speed on this? How does China own 5 trillion dollars of our debt? How does that come to be?
They never asked me if they could do that! WTF!!
Years and years of liberal cradle to grave government teat. We no longer teach people to fish, but just give free fish. This creates a permanent class of dependent voting blocks will to selling there soul to any one promising to give them more teat.Could someone please bring me up to speed on this? How does China own 5 trillion dollars of our debt? How does that come to be?
I disagree, the Fed is printing money faster than they can refill the ink. Isn't that what quantitative easing is? As for the U.S. not paying its debts when they are called I doubt anything would happen really. Some states aren't paying their bills now and even some sectors of the government are paying up either, i.e. the post office failing to fund pensions.ya the problem is wait till they get into trouble and then try to cash in on their American debt...where is the money coming from?...the US will not print more money as to devalue the dollar world wide, and there is no gold in the treasury either...that is a good time to say that shtf!!