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Dear United States of America RE: Debt to China
How does it feel being 800 billion dollars in debt to your rival nation that is the People's Republic of China?
I am interested in your thoughts and feelings. Jam it back in, in the dark.
Last edited by Rex Grossman II; Dec 6, 2009 at 07:28 AM.
Reason: tyop
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You were right. This is a terrible first thread.
There's nowhere I can't reach. |
Aint it so!
So about that panda... This thing is sticky, and I don't like it. I don't appreciate it. |
Why must China be a rival? Both need each other!
Americans need to borrow money from China so that they can keep buying cheap things from China! China needs to keep loaning money to America so that their things can remain cheap so Americans can borrow money to buy them! Why can't everyone just be friends? I am a dolphin, do you want me on your body? |
How ya doing, buddy? |
I'm talking about China and Americans here, chief.
What kind of toxic man-thing is happening now? |
Grossman... China... I see where this is going.
FELIPE NO |
Well, at least the USA is getting in on all the FDI.... even if it's only in IOU form.
You've got to build Disneyland with something... What, you don't want my bikini-clad body? |
Nope. China's not getting into the equity portion (FDI) of your international accounts, at least not in a major way ($1.2 billion in 2008). They're going into the liability portion instead (as OP has stated, around $800 billion of gross government debt as at September 2009).
Source (Pg 33-34 of PDF) Jam it back in, in the dark. |
We still have more missiles and a bigger Navy.
But, we need to keep borrowing money to keep it that way. If China wants to keep selling Nikes, it's in their interests to keep loaning us money. There's nowhere I can't reach. Posting without content since 2002. |
Well yeah, the US did prove that by spending another several billion by bombing the moon to prove a point.
If anyone's interested in the total amount of the debt the US is in, outside of what they owe China. Look no further: U.S. National Debt Clock : Real Time This thing is sticky, and I don't like it. I don't appreciate it. |
I am a dolphin, do you want me on your body? |
I was unaware 0.079 constituted several, now. I was speaking idiomatically. |
But it's equivalent to over 5 billion Chinese yuan, so you can see how he gets confused.
What kind of toxic man-thing is happening now? |
How could anyone think they'd ever give NASA billions of dollars in funding these days?
I just don't see why everyone has to make a gigantic fucking deal about it being China in particular. Instead of saying "We have a debt to China," they should try "We have a debt." Yes, it's a single-party state, but it busts its balls to be seen as a responsible power that people can trust to be a team player in global affairs. If anyone has any interest in the matter, go read China: Fragile Superpower. There's more to fear from its fickle population than its Communist government. FELIPE NO |
Fucking USA man, what did the moon do to you? How ya doing, buddy?
Stuff goes here~
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Jam it back in, in the dark. |
There's nowhere I can't reach. |
Looks like we're all going to meet with a terrible fate.
This thing is sticky, and I don't like it. I don't appreciate it. |
Yeah, it sucks to be in so much debt but the Chinese people are the real losers. The Chinese basically keep the value of the American dollar artificially high vs. the Yuan so they can export more cheaply to the U.S. It works, but it also becomes more expensive to import anything of value into China. What you have, in effect, is a country with legions of unskilled labour toiling away in factories for next to nothing and not having any of the luxuries availible in the West.
The so-called burgeoning middle-class in China is such a small part of the overall Chinese economic picture that it's not even worth talking about. There is virtually no consumer economy in China because national income is tied up in either savings or investment. A bit of that is cultural but a lot of it has to do with official Communist Party doctrine in investing perpetually in production, for the mere purpose of surpassing the U.S. on paper but not offering any real benefits to its population. If I had to choose between being Chinese now and being an American, I still think my life would be 100x better with the latter. I am a dolphin, do you want me on your body? |
Move to Russia. Countries are still intimidated by them, believe it or not. The sleeping bear. Have you ever been attacked by a nuclear bear? Me either.
I was speaking idiomatically. |
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