Posted on 03/04/2006 3:13:51 AM PST by hawkiye
Total foreign ownership of US Federal deficit currently stands at 45% as of end of first half of 2005 COUNTRY OWNERSHIP OF U.S. GOVERNMENT DEBT
Japan $687.3Billion
China $252.2 Billion
United Kingdom $182.4 Billion
Caribbean Banking Centers $102.9 Billion
Taiwan $71.8 Billion
Germany $63.5 Billion
Korea $61.7 Billion
OPEC $54.6 Billion
Hong Kong $48.1 Billion
Canada $47.8 Billion
Grand Total $2,065.5 Billion
Conclusions:
* Foreign sources financed 54% of US Federal deficit in 2002, 73% in 2003, and 99% in 2004
* Total foreign ownership of US Federal deficit currently stands at 45% as of end of 1st half of 2005
* The US Government currently owes Japan $687 Billion, China $252 Billion, and Korea $62 Billion - together $1.0 Trillion
* The US Government currently owes $2.0 Trillion to foreign lenders
Amen! What's with all the apologisst for dangerous liberal fiscal policies on a pro conservative site?
Its not one event...its a series of events and an alignment of conditions. If this government continues on its path of fiscal irresponsibility, damaging trade practices, choking taxes on business, debt driven stimulus, inflationary fed practices...and a whole host of other factors both internal and external...somthing has to give...
There is one thing I find rather curious too...
Corporations are subject to audits by independent agencies and agents. There statistics and unit valuations and results are subject to governmental and independent review.
Our government on the other hand operates behind closed doors...and more and more doors are closing.
If a public corporation operated like our government does, the board would be rounded up and thrown in jail, and the companys assets would be siezed and liquidated.
However the sheeple just accept whatever the government says lock stock and barrel...why is that?
http://www.cmsfx.com/resources/commentaries/Daily/Nilsson-2006-03-03-14-40-15-en.pdf
>> PS And you did make the Pero quote I copied and pasted it directly off your post go back and look.
Blindiye, I did go back and look. I still didn't make the Pero quote.
Your right it was someone else inbetween two of your posts who made the Pero quote. Sorry my bad.
No problemo.
We should just print more money to pay them off. Thats what we are doing right now anyway. Crank up them printing presses. The international banking cartell that runs the US economy would finally be exposed and Americans will revolt against the bankers and re institute the gold standard. Unfortunately America really learns nothing except when it suffers unfortunately.
It's extremely silly in that the Chinese aren't going to attack us PERIOD!
Fascinating. They have written reams of articles on the necessity of purchasing their four DDG Sovs mounting SS-N-22s and their 14 Kilo submarines, just for the expressed purpose of sinking U.S. Aegis CGs and DDGs. They have purchased the SU-30 again with the stated purpose of countering a U.S. Strike Group. They make no bones about being 100% committed to unifying Taiwan, by force if necessary, and much of their writing says force is indeed necessary. We are committed to protecting Taiwan from such an attack. But you think I'm "silly" for thinking that conflict with China is a possibility. Interesting. I live on the planet Earth. Where have you been camped out for the last ten years?
read later
"I live on the planet Earth."
But your mind is far, far away.
Again, explain. You have yet to provide any argument, just statements.
I don't need to. You're the one who started with the asinine hypothesis that China will attack both Taiwan and the U.S. simultaneously and the U.S would respond by defaulting on our treasury securites. i.e. Only the ones that China owns as if there are serial numbers which depict the registered owners of our debt paper.
Please engage your brain before you start typing next time.
That pretty well sums you up I suppose. What's next, "I'm paper, you're glue?"
Perhaps you don't understand the principle of a forum such as FR, where people don't "have to" sign on, but if they choose to, they are expected to have ideas that go beyond, "I'm right and I'm not going to discuss it any further." But then you "don't need" to be told this do you.
I'd counter your argument, if you had bothered to make one. Perhaps you should just stick to yelling at the TV at home, where no one will question you.
"but if they choose to, they are expected to have ideas"
Exactly where your post fails.
So it is rubber and glue for you.
All bidders on securities must be identified.:
http://a257.g.akamaitech.net/7/257/2422/08aug20051500/edocket.access.gpo.gov/cfr_2005/julqtr/pdf/31cfr356.14.pdf
Further reading, if you were to do it, would show you that securities can indeed be refused on a case be case basis were the U.S. to choose to do so. The only key would be to make it clear that no transactions after a given date would be honored, thus freezing the fungible liquidity of such holdings.
China is a military threat to Taiwan. If you differ, don't even respond, as I'll know you are simply working for the Chinese or you are in fact Cindy Sheehan.
As we (the USA) have taken a position to defend Taiwan from forceful reunification, and the Chinese have made extremely costly military preparations to keep us from preventing them in doing this, your statement that no hostilities are possible is either based in total ignorance or diluted logic.
Have you a fact, any fact, that you would like to offer?
But will we know before it's too late (now that M3 is no longer being reported) ?
BUMP
If we don't pay the debt, then our currency sinks to something along the lines of whatever it is they use in Mozambique. Welcome to $30.00 a gallon gas and $40.00 cheese burgers.
Every bill always comes due.
If we don't pay the debt, then our currency sinks to something along the lines of whatever it is they use in Mozambique. Welcome to $30.00 a gallon gas and $40.00 cheese burgers.
Every bill always comes due.
I know this sounds ridiculous but why? I mean we just give them the finger and go on our way. I am sorry for being really ignorant about this subject, but I know that many countries don't pay us back and they don't have 30 dollar gallon of gas or 40 dollar cheeseburgers.
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