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Posted: 3/14/2016 3:09:03 PM EDT
[#1]
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It's mind bogaling how few people understand the monetization of our debt and the inevitable ramifications. The money lenders will suck this country dry and move on to the next, as they've always done. Probably within the next 100 years. I'm thinking India will be their next victim. I'm already hearing rumors of their infiltration into that culture. They already speak the language next step will be to start breeding with them to better fit in. Quote HistoryQuoted:
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Pretty significant amount of our debt is not owned by the Chinese -- it's owned by us. Yes, that's right, we buy our own debt. It's mind bogaling how few people understand the monetization of our debt and the inevitable ramifications. The money lenders will suck this country dry and move on to the next, as they've always done. Probably within the next 100 years. I'm thinking India will be their next victim. I'm already hearing rumors of their infiltration into that culture. They already speak the language next step will be to start breeding with them to better fit in. Breeding with them to fit in? lol, how adorable. The money lenders? You mean the Fed, which is controlled by the US govt and all the banks which are tied to the govt? Boggle. Not bogal, not bottle. Boggle. Mind boggling. |
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Posted: 3/14/2016 3:12:10 PM EDT
[#2]
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Make me smart on the part in red, please. I don't get it. Quote HistoryQuoted:
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Pretty significant amount of our debt is not owned by the Chinese -- it's owned by us. Yes, that's right, we buy our own debt. It's mind bogaling how few people understand the monetization of our debt and the inevitable ramifications. The money lenders will suck this country dry and move on to the next, as they've always done. Probably within the next 100 years. I'm thinking India will be their next victim. I'm already hearing rumors of their infiltration into that culture. They already speak the language next step will be to start breeding with them to better fit in. Make me smart on the part in red, please. I don't get it. 
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Posted: 3/14/2016 3:13:48 PM EDT
[#3]
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ding ding ding.....tell them to go pound sand.....not much recourse...go park your money elsewhere...its not quite that simple but you get the jest Quote HistoryQuoted:
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nothing, they are getting a raw deal. it will be equivalent to them writing off the debt. they will stop trading with us and just forget about the whole thing. then our stores shelves will be quite light. and not as cheep. ding ding ding.....tell them to go pound sand.....not much recourse...go park your money elsewhere...its not quite that simple but you get the jest And then nobody will loan the US money. US bonds will be downgraded to junk, and the cost to borrow to continue operating the government will skyrocket. Think Greece. |
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Posted: 3/14/2016 3:14:46 PM EDT
[#4]
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10% of our debt is still a ton of debt. It is only small relative to our ridiculous amount of total debt. Quote HistoryQuoted:
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Why do you assume that China holds "a ton of that debt"? I suppose it depends on what the definition of "a ton" is. It appears that China holds something less than 10 percent of our debt . . . 10% of our debt is still a ton of debt. It is only small relative to our ridiculous amount of total debt. The debt isn't how you think it is. Remember the War Bond tours in WWII? Instead of US citizens buying them, we sold them to the whole world. They are one of the most secure investments because they were pretty much guaranteed to be paid back, so if you're country is sitting on a mountain of cash you can invest it and get returns instead of doing nothing with it. China (among other countries and banks) bought treasury bonds which fund our govt, which will mature in a set period and then they get their money back plus some extra. They can't demand we pay them bonds sooner than they were stipulated than they were issued. |
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Posted: 3/14/2016 3:16:07 PM EDT
[#5]
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All of our debt is denominated in dollars. We can print all of those we want. It would be like selling stuff to Hasbro, with Hasbro agreeing to pay you back in the future - with Monopoly money. The problem is we have to live off the Monopoly money too. You can't screw the Chinese without screwing yourself. |
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Posted: 3/14/2016 3:17:50 PM EDT
[#6]
Loving the replies in this thread. I collectively gasp at how bad household budgeting must be for those that don't get this stuff. Hopefully your wives, moms, or grandmas handle your bills, if not a lot of you are in for trouble.
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Posted: 3/14/2016 3:19:45 PM EDT
[#7]
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Social Security tax inflow has exceeded social security expenditures since program inception. In 2013, SS taxes totaled $855B. 95% of that money was paid to beneficiaries. 3.8% of that money was "trust fund increase" i.e. used to purchase treasuries to fund the federal government. Social Security is not breaking the country today; it's the promises to pay a growing retiree class that has a growing lifespan. SS is a manageable problem with political will. Medicare, not so much. Quote HistoryQuoted:
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Only if you buy that "on books"/"off books" budgeting that the Treasury department does. Total federal income - total federal expenditures = deficit. Largest component of expenditures is SS/Medicare and similar wealth transfer payments. Social Security tax inflow has exceeded social security expenditures since program inception. In 2013, SS taxes totaled $855B. 95% of that money was paid to beneficiaries. 3.8% of that money was "trust fund increase" i.e. used to purchase treasuries to fund the federal government. Social Security is not breaking the country today; it's the promises to pay a growing retiree class that has a growing lifespan. SS is a manageable problem with political will. Medicare, not so much. Political will--laughable, the proof is the on-books/off-books accounting. The "will" amounts to nothing more than the willingness to gradually rob younger persons of more and more of their wages. And the main point is that SS inflow exceeds CURRENT outflow. What needs to happen (for Medicare too) is that each age cohort's inflow must exceed their own expected actuarial outflow. THAT is the proper measurement. Anything less and you MUST use an overall perspective of the federal budget. So at present that means you MUST proportion the blame for deficits to ALL outflows, including SS/Medicare. |
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Posted: 3/14/2016 3:22:27 PM EDT
[#8]
Quote HistoryQuoted: That's not really how it works. Quote HistoryQuoted: Quoted: Quoted: We are in debt, we are getting deeper in debt. China owns a ton of that debt. I would have to think they will eventually get sick of IOUs. What can they do to get their money back? That's not really how it works. |
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Posted: 3/14/2016 3:23:08 PM EDT
[#9]
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This. Quote HistoryQuoted:
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Pretty significant amount of our debt is not owned by the Chinese -- it's owned by us. Yes, that's right, we buy our own debt. This. The whole things is a race to see if we can leverage outward until we discover technologies that render things like money moot. Printing food, cheap nuke/solar energy, loss-less batteries, room-temp super-conductors, self-driving delivery, AI, etc... |
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Posted: 3/14/2016 3:25:03 PM EDT
[#10]
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Who eats Chinese food for breakfast? Quote HistoryQuoted:
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You wake up one morning and all the Chinese restaurants are closed down until paid in full. Who eats Chinese food for breakfast? Chinese people. |
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Posted: 3/14/2016 3:35:11 PM EDT
[#11]
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The whole things is a race to see if we can leverage outward until we discover technologies that render things like money moot. Printing food, cheap nuke/solar energy, loss-less batteries, room-temp super-conductors, self-driving delivery, AI, etc... "Beam me up, Scotty." |
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Posted: 3/14/2016 3:41:32 PM EDT
[#12]
Quote HistoryQuote HistoryQuoted:
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Pretty significant amount of our debt is not owned by the Chinese -- it's owned by us. Yes, that's right, we buy our own debt. It's mind bogaling how few people understand the monetization of our debt and the inevitable ramifications. The money lenders will suck this country dry and move on to the next, as they've always done. Probably within the next 100 years. I'm thinking India will be their next victim. I'm already hearing rumors of their infiltration into that culture. They already speak the language next step will be to start breeding with them to better fit in. Make me smart on the part in red, please. I don't get it. http://i.imgur.com/6o98WqI.jpg That's what I kept coming up with ongoogle searches, but I wanted to hear his logic. |
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Posted: 3/14/2016 3:44:11 PM EDT
[#13]
False OP. China does not own the vast majority of our debt people seem to think they own.
The article is as of APR 2015. 
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Posted: 3/14/2016 4:01:54 PM EDT
[#14]
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And the main point is that SS inflow exceeds CURRENT outflow. Which is exactly what I posted multiple times in this thread. While I loathe the idea of targeted taxes that is the SS construct. Delaying the age where one can collect SS benefits, which we've done before, can keep the program in fiscal balance by restricting future outflows. |
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Posted: 3/14/2016 4:05:48 PM EDT
[#15]
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Make me smart on the part in red, please. I don't get it. Quote HistoryQuoted:
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Pretty significant amount of our debt is not owned by the Chinese -- it's owned by us. Yes, that's right, we buy our own debt. It's mind bogaling how few people understand the monetization of our debt and the inevitable ramifications. The money lenders will suck this country dry and move on to the next, as they've always done. Probably within the next 100 years. I'm thinking India will be their next victim. I'm already hearing rumors of their infiltration into that culture. They already speak the language next step will be to start breeding with them to better fit in. Make me smart on the part in red, please. I don't get it. Oh, I think I do. 
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Posted: 3/14/2016 4:44:22 PM EDT
[#16]
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That's what I kept coming up with ongoogle searches, but I wanted to hear his logic. Quote HistoryQuoted:
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Pretty significant amount of our debt is not owned by the Chinese -- it's owned by us. Yes, that's right, we buy our own debt. It's mind bogaling how few people understand the monetization of our debt and the inevitable ramifications. The money lenders will suck this country dry and move on to the next, as they've always done. Probably within the next 100 years. I'm thinking India will be their next victim. I'm already hearing rumors of their infiltration into that culture. They already speak the language next step will be to start breeding with them to better fit in. Make me smart on the part in red, please. I don't get it. http://i.imgur.com/6o98WqI.jpg That's what I kept coming up with ongoogle searches, but I wanted to hear his logic. He's foolish enough to believe Jews are infiltrating Indian society to take over their economy too, but clever enough at this point to know that if he actually speaks his mind he'll get booted. Me thinks he's gotten the lock on quite a few websites for telling the "truth." |
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Posted: 3/14/2016 4:48:13 PM EDT
[#17]
"Money lender" has never been a sideways slur for Jews. Ever. In all of history.
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Posted: 3/15/2016 6:36:19 PM EDT
[#18]
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Why? They get interest payments. And not just from us. England, Farance and many others are in debt to China. |
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Posted: 3/15/2016 7:34:43 PM EDT
[#19]
I vote for California....
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