japan is now the largest us debt holder

Discussion in 'Economy' started by blu, Feb 16, 2010.

  1. blu
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    blu Senior Member

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    china sold off 4.3% of its t-bills putting it behind japan. kind of scary that such an economically unstable country holds the most of our debt
     
  2. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Thank you Japan

    Can you fix my Toyota now?
     
  3. uscitizen
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    uscitizen Senior Member

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    Kind of fittiing if you aske me.
     
  4. hjmick
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    hjmick Gold Member

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    Meh, mine was built in Japan, I'm not worried.
     
  5. xsited1
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    xsited1 Agent P

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    [ame=http://www.youtube.com/watch?v=URSKm4VKg10]YouTube - Toyota Lawn Mower.wmv[/ame]
     
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  6. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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    I wasnt expecting that
    hahahahaha
     
  7. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    well. i guess that knowledge test we all just took in Jillian's thread isnt correct anymore.

    So what happens if we dont pay Japan back? Will they attack us to collect our debt through war?
     
  8. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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    Higher interest rates here we come.
     
  9. Gadawg73
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    Gadawg73 Gold Member

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    China has NEVER been the largest holder of US debt. Ever.
    They are #3 now where they have been for a long time.
    Guess who #1 is.
     
  10. uscitizen
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    uscitizen Senior Member

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    Foreign demand for Teasury securities falls




    Feb 16, 1:31 PM (ET)

    By MARTIN CRUTSINGER

    WASHINGTON (AP) - The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing its holdings by $34.2 billion.

    The reductions in holdings, if they continue, could force the government to make higher interest payments at a time that it is running record federal deficits.

    The Treasury Department reported that foreign holdings of U.S. Treasury securities fell by $53 billion in December, surpassing the previous record of a $44.5 billion drop in April 2009.

    The big drop in China's holdings meant that it lost the top spot in terms of foreign ownership of U.S. Treasuries, dropping to second place behind Japan.

    Japan increased its holdings of U.S. Treasuries, boosting them by $11.5 billion to $768.8 billion in December. That amount was higher than China's December total of $755.4 billion, putting Japan back in the top spot in terms of foreign ownership of Treasury securities, a position it had lost in the fall of 2008 when China surpassed Japan.

    My Way News - Foreign demand for Teasury securities falls
     

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