DescentBB

I did a quick google search for us government assets minus liabilities. This is what I found.

I'm going to have to find the actual value of assets the US Government has. This should include land, buildings, and machinery. I bet they didn't calculate that, but I'll have to look into this after this week ends.

I wonder how much of US debt is counted as Chinese asset?
Me thinks there lies a large bushel of oranges and apples all mixed up....

Will Robinson wrote:I wonder how much of US debt is counted as Chinese asset?

If I'm not mistaken, 62% of US Government Debt, which should all count is an asset to china, unless they've written part off to bad debt expense. Then it's an expense.

Isaac wrote:

Will Robinson wrote:I wonder how much of US debt is counted as Chinese asset?

If I'm not mistaken, 62% of US Government Debt, which should all count is an asset to china, unless they've written part off to bad debt expense. Then it's an expense.

So if that chart is designed to make it look like the US is in bad shape and China by contrast is in good shape....but such a big piece of China's assets are debt from a place in bad shape....who's really in worse shape?

That's the problem I have with that chart. The US Govt has to own more than China, in quantity and quality.

If someone were to sum the total assets, which includes more than just financial instruments, I bet we'd look better than most countries. I mean, big government has to actually own stuff, right?

I want to spend more time on this. Don't have time to write a full report.

Will Robinson wrote:

Isaac wrote:

Will Robinson wrote:I wonder how much of US debt is counted as Chinese asset?

If I'm not mistaken, 62% of US Government Debt, which should all count is an asset to china, unless they've written part off to bad debt expense. Then it's an expense.

So if that chart is designed to make it look like the US is in bad shape and China by contrast is in good shape....but such a big piece of China's assets are debt from a place in bad shape....who's really in worse shape?

However you slice it Will, China's economic growth was 9.1% for the 3rd quarter of this year. I'd say China has a lot going for it right now.

woodchip wrote:However you slice it Will, China's economic growth was 9.1% for the 3rd quarter of this year. I'd say China has a lot going for it right now.

Well, if you would like to live in a polluted cesspool of a country that's rife with graft, overcrowding, squalor and a truly repressive government, China's the place for you.