Who owns America? Hint: It's not China

Discussion in 'Politics' started by Zander, Jul 30, 2011.

  1. Zander
    Offline

    Zander Platinum Member

    Joined:
    Sep 10, 2009
    Messages:
    17,452
    Thanks Received:
    6,575
    Trophy Points:
    390
    Location:
    Los Angeles CA
    Ratings:
    +12,892
    Based upon the hyperbole from the media, you'd think China would be our top creditor, right? Not!! You've been lied to...again!!

    Here is what we owe to other nations etc..:

    Hong Kong: $121.9 billion (0.9 percent)
    Caribbean banking centers: $148.3 (1 percent)
    Taiwan: $153.4 billion (1.1 percent)
    Brazil: $211.4 billion (1.5 percent)
    Oil exporting countries: $229.8 billion (1.6 percent)
    Mutual funds: $300.5 billion (2 percent)
    Commercial banks: $301.8 billion (2.1 percent)
    State, local and federal retirement funds: $320.9 billion (2.2 percent)
    Money market mutual funds: $337.7 billion (2.4 percent)
    United Kingdom: $346.5 billion (2.4 percent)
    Private pension funds: $504.7 billion (3.5 percent)
    State and local governments: $506.1 billion (3.5 percent)
    Japan: $912.4 billion (6.4 percent)
    U.S. households: $959.4 billion (6.6 percent)
    China: $1.16 trillion (8 percent)
    The U.S. Treasury: $1.63 trillion (11.3 percent)
    Social Security trust fund: $2.67 trillion (19 percent)

    So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.

    SOURCE ARTICLE
     
    • Thank You! Thank You! x 4
  2. Zander
    Offline

    Zander Platinum Member

    Joined:
    Sep 10, 2009
    Messages:
    17,452
    Thanks Received:
    6,575
    Trophy Points:
    390
    Location:
    Los Angeles CA
    Ratings:
    +12,892
    Another illustration

    [​IMG]
     
  3. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Ans many wingnuts wants to default on payin what is owed to Americans?
     
  4. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Debt the govt owes to itself?
    As in pension funds to US workers?
    SS surplus contributions spent?
    Etc.

    That owed to itself is a very useful deception for those not wanting Americans to get money owed to them.
     
  5. Jroc
    Offline

    Jroc יעקב כהן Supporting Member

    Joined:
    Oct 19, 2010
    Messages:
    19,213
    Thanks Received:
    6,244
    Trophy Points:
    390
    Location:
    Michigan
    Ratings:
    +11,527


    :eek:Theres no money in the "Trust Fund"? But they send me those statements every year.:confused:
     
    • Thank You! Thank You! x 1
  6. Full-Auto
    Offline

    Full-Auto Gold Member

    Joined:
    Jun 13, 2009
    Messages:
    13,555
    Thanks Received:
    1,614
    Trophy Points:
    153
    Ratings:
    +1,615
    LOL BORROW MORE TO PAY OURSELVES

    Christ, I still laughing at that nonsense. So because I want to pay myself I want to go further in debt. OH BROTHER.
     
  7. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Jumping to contusions again?

    Cut spending to the military 25%, just cutting out waste and closing some foreign bases can do that.
    Remove tax breaks for corporations to move jobs offshore.
    pursue and prosecute fraud ie medicaid/medicare.
    Raise the SS retirement age and remove the ceiling on SS withholding.
    Many more things to do.

    Pass a pure flat income tax with no deductions.
     
  8. Antiderivative
    Offline

    Antiderivative BANNED

    Joined:
    Apr 17, 2011
    Messages:
    1,616
    Thanks Received:
    103
    Trophy Points:
    0
    Ratings:
    +103
    China is our top creditor outside of domestic obligations. Your own source confirms this.
     
  9. Zander
    Offline

    Zander Platinum Member

    Joined:
    Sep 10, 2009
    Messages:
    17,452
    Thanks Received:
    6,575
    Trophy Points:
    390
    Location:
    Los Angeles CA
    Ratings:
    +12,892
  10. Zander
    Offline

    Zander Platinum Member

    Joined:
    Sep 10, 2009
    Messages:
    17,452
    Thanks Received:
    6,575
    Trophy Points:
    390
    Location:
    Los Angeles CA
    Ratings:
    +12,892
    Yes, and it still only amounts to 8% of our debt. The massive majority of our debt is to ourselves, that is indisputable.
     

Share This Page