12 Replies to “It’s Probably Nothing”

  3. Just wait till the Chinese take back their 3 trillion dollar loans ‘Made in America.’
    –
    On line language translator
    ‘請讓我居住這裡’
    ‘Please let me live here.’
    –
    嘿夥計能您饒恕10美元 ？
    Hey Buddy- Can you spare 10 dollars?

  4. I read somewhere a couple days ago that total world wide government debt is on the order of $100 Trillion-with-a-T dollars. Somewhere else I recall seeing that there are something like $30 Trillion bucks worth of unsecured derivatives out there floating around in BankingSpace.
    There will come a point when everyone finally admits all that “money” is so many bits in a computer, and doesn’t really signify anything. Probably at the same time part of Europe declares war on some other part of Europe. Or the Chicoms declare war on the USA, which would be GENIUS of them I must say.
    At that time it will be really good to be in thinly populated Canada, sitting on top of several gigatons of oil, iron ore, coal, wood and what have you.
    We also have one other ally that never deserts us: winter. Gotta remember your friends when times get tough, and winter is one of ours.

  5. How about 1.3 trillion dollars? You can’t even get your facts in the ballpark, but your lies can certainly stir up the troops. Most countries have a bit of our debt for their benefit. The vast majority of our debt is local, USA, but let’s have a good Chinese scare.

  6. The Phantom >
    “At that time it will be really good to be in thinly populated Canada, sitting on top of several gigatons of oil, iron ore, coal, wood…”
    I dunno, it feels like a dangerous place to be to me. Sort of like a baby gazelle standing between a starving old lion and a Cheetah.

  7. That’s a thought I agree with. There’s always been a significant drawback to subleting our defence requirements to our benign neighbours to the south. The drawback being they may not always be benign.
    How do Sweden, Finland and Switzerland preserve their neutrality and independence? By being armed to the teeth.

  8. I transplanted to SW Iowa from Northern California several years ago. When people whine about the (cold) weather, I tell them: Don’t complain. It filters the riffraff. I haven’t been pan handled in 16 years.

  10. How about 1.3 trillion dollars?
    You can’t even get your facts in the ballpark,
    –
    Thank you dear teacher, correcting my reading.
    China is the third-largest, behind only the Social Security Trust Fund’s holdings of nearly $3 trillion.
    –
    But you are wrong- BINGO ! –
    To put China’s ownership of U.S. debt in perspective,
    (its holding of $1.2 trillion is even larger than the amount owned by American households.)

  11. cgh >
    Agreed.
    Even worse than Sweden, Norway et al, is that the Liberals have essentially disarmed and feminized the general culture of Canada.
    At least the Swede’s have reasonably trained and well-armed civilian militia forces that can defend strategic resources – like their immediate families and communities.
    Canadian’s can throw them a gay pride parade, and hope the old WW2 vet hiding out in the park with his .303 Lee Enfield gets a lucky shot in.

  12. “Foreign governments hold about 46 percent of all U.S. debt held by the public, more than $4.5 trillion. The largest foreign holder of U.S. debt is China, which owns more about $1.2 trillion in bills, notes and bonds, according to the Treasury.
    In total, China owns about 8 percent of publicly held U.S. debt. Of all the holders of U.S. debt China is the third-largest, behind only the Social Security Trust Fund’s holdings of nearly $3 trillion and the Federal Reserve’s nearly $2 trillion holdings in Treasury investments, purchased as part of its quantitative easing program to boost the economy.”
    randomly googled. I get the same figures (100 bn higher at other sources. Don’t confuse TOTAL foreign debt to that held by China. Did you read that China has about half this in loans to China secured by copper and iron?

Proudly powered by WordPress & Skyrocket Themes

MENU

Navigation