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Thread: China now #1 holder of U.S. debt

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    China now #1 holder of U.S. debt

    Quote Originally Posted by http://www.chinadaily.com.cn/china/2008-12/17/content_7311752.htm
    China increased its holdings of US treasury securities by $65.9 billion in October, consolidating its place as the No 1 holder of American debt, according to the Treasury's latest report on international capital flows.

    It was China's largest monthly increase this year, pushing the country's total holdings to $652.9 billion, compared with $587 billion at the end of September, when it replaced Japan to become the top holder of US debt.

    The continual increases in US debt holdings in recent months have triggered fierce domestic debate, as the country has channeled almost a third of its $2 trillion of foreign exchange reserves into US treasury securities.
    For those that think that the average U.S. citizen shoulders the nations debt, think again.

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    Re: China now #1 holder of U.S. debt

    Quoted from Orius
    (For those that think that the average U.S. citizen shoulders the nations debt, think again.)
    Sooner or later (IMO later) this debt will have to be repaid by American US Taxpayers.
    However in the meantime don't you realize that this gives China enormous clout over US interests Worldwide, China can dictate US Foreign Policy.
    Do not imagine that this will not happen, when someone holds that kind of debt over you, they can tell US to jump, the US response will be 'How High?'.

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    Re: China now #1 holder of U.S. debt

    Isn't socialism wonderful.

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    Re: China now #1 holder of U.S. debt

    Quote Originally Posted by zimmer View Post
    Isn't socialism wonderful.
    Works for China.

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    Re: China now #1 holder of U.S. debt

    Quote Originally Posted by jujuman13 View Post
    Quoted from Orius
    (For those that think that the average U.S. citizen shoulders the nations debt, think again.)
    Sooner or later (IMO later) this debt will have to be repaid by American US Taxpayers.
    However in the meantime don't you realize that this gives China enormous clout over US interests Worldwide, China can dictate US Foreign Policy.
    Do not imagine that this will not happen, when someone holds that kind of debt over you, they can tell US to jump, the US response will be 'How High?'.
    I highly doubt that China will be dictating US foreign policy any time soon. Debts come with contracts and these contracts would include payment guidelines, none of which would include US sovereignty in its affairs taking a hit.

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    Re: China now #1 holder of U.S. debt

    Quote Originally Posted by Orius View Post
    For those that think that the average U.S. citizen shoulders the nations debt, think again.
    This is incorrect.

    United States public debt - Wikipedia, the free encyclopedia

    Grand total of foreign ownership is $2860.5 trillion. Debt held by public is over $6 trillion.

    More accurately, China is the #1 largest foreign holder.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: China now #1 holder of U.S. debt

    Uncle Sam.....

    Your banker will see you now.
    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: China now #1 holder of U.S. debt

    Quote Originally Posted by Orius View Post
    For those that think that the average U.S. citizen shoulders the nations debt, think again.
    So, Reagan lost at last. the communists won...

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    Re: China now #1 holder of U.S. debt

    Quote Originally Posted by jallman View Post
    I highly doubt that China will be dictating US foreign policy any time soon. Debts come with contracts and these contracts would include payment guidelines, none of which would include US sovereignty in its affairs taking a hit.
    No wonder why my last pay check was paid in yuans...

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    Re: China now #1 holder of U.S. debt

    haha...suckers. This doesn't give them any "clout" over us. Our debt is written in our dollars; and we have a printing press. It will eventually be taken up by the People, but through inflation. But that means that China is more in our pocket than we are in theirs. We own them tons of money, what happens if we don't pay out? I mean, there's nothing that really makes us pay out; China can't take us out, or military is too good (while I don't think we could ever occupy China, I think our military far outclasses China's; so any war not on Chinese soil stands greater chance of being won by America). I can't believe the keep lending us money.
    You know the time is right to take control, we gotta take offense against the status quo

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    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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