Biden Says China's 10 Trillion Dollar Debt Is A Ticking Time Bomb

[Independentthinker]

The US owes 33 trillion dollars. What does Biden call the US debt? Apparently he's not worried about our debt at all.

China's $10 trillion hidden debt mountain could be the 'ticking time bomb' that Joe Biden warned of​

• But the nation faces another, even more worrisome threat: the colossal hidden debt of its local governments.
• Some estimates put the liabilities of China's local financing vehicles close to $10 trillion.

​

China's $10 trillion hidden debt mountain could be the 'ticking time bomb' that Joe Biden warned of

China has faced many economic problems this year, from deflation to record youth unemployment and a property crisis. But now, an even more worrisome threat is emerging: the colossal hidden debt of China's local governments.

www.yahoo.com

 

[shockedcanadian]

China is going to win in the long run, this I am confident of. I will be gone before they rule the earth as the sole Super Power but it will happen and when it does, it will be for a very long time.

We did it to ourselves.

 

[sparky]

Yanno Independent one , i'm not much more than a pig farmer/tradesman from the sticks

But even i can sense it all hittin' the wall......

~S~

 

[Votto]

The US owes 33 trillion dollars. What does Biden call the US debt? Apparently he's not worried about our debt at all.

China's $10 trillion hidden debt mountain could be the 'ticking time bomb' that Joe Biden warned of​

• But the nation faces another, even more worrisome threat: the colossal hidden debt of its local governments.
• Some estimates put the liabilities of China's local financing vehicles close to $10 trillion.

​

China's $10 trillion hidden debt mountain could be the 'ticking time bomb' that Joe Biden warned of

China has faced many economic problems this year, from deflation to record youth unemployment and a property crisis. But now, an even more worrisome threat is emerging: the colossal hidden debt of China's local governments.

www.yahoo.com

Yea, but you are not considering............ya know...................the thing.

 

[Blackrook]

Loaning money to the United States government is a bad investment. If China calls in the loan, the American government will print enough money to pay it.

 

[Moonglow]

Loaning money to the United States government is a bad investment. If China calls in the loan, the American government will print enough money to pay it.

You don't quite understand the t-bill market

 

[Couchpotato]

China is going to win in the long run, this I am confident of. I will be gone before they rule the earth as the sole Super Power but it will happen and when it does, it will be for a very long time.

We did it to ourselves.

China is already in decline. Their population is collapsing.

 

[shockedcanadian]

China is already in decline. Their population is collapsing.

It will decrease their population for a decade or two, They have 1.4B people man.

 

[Blackrook]

You don't quite understand the t-bill market

Explain it to me.

 

[Moonglow]

Explain it to me.

The government needs dough t-bills with a maturity date are auctioned, the note is held until maturity.

 

[Couchpotato]

It will decrease their population for a decade or two, They have 1.4B people man.

It’s not the number it’s the make up. They have an aging society who youth isn’t having kids.

Chinaâs Demographics: It Gets Worse

The problem for China is not so much that it is in a bad demographic position. The problem is that it has limited tools and appetite to change its policies.

www.forbes.com

 

[Donald H]

And again, the sad news on China can at least serve as confidence building propaganda.

MSN

While life goes on!