B-but the dumbfuck-in-chief said coal was coming back!
Re: The chinese are offering...
Posted: Thu May 25, 2017 11:47 pm
by Ferno
Not in this reality! hahaha
Re: The chinese are offering...
Posted: Fri May 26, 2017 2:25 pm
by Tunnelcat
Why not, the Chinese pretty much own us anyway. We've sold them our nation bit by bit over the years. Hell, they carry most of our debt too. Bow to your Chinese masters all you Americans.
Re: The chinese are offering...
Posted: Fri May 26, 2017 4:13 pm
by Ferno
As long as they keep making products that are on-par or better than american products, I'll buy from them all day.
Just like any game -- you want to be the champ, beat the champ.
Re: The chinese are offering...
Posted: Sat May 27, 2017 2:26 pm
by Tunnelcat
I wasn't talking about buying their products. I was talking about them actually owning us like loan sharks. And you guys live right next door just to north of us.
Re: The chinese are offering...
Posted: Sat May 27, 2017 3:00 pm
by Krom
The Chinese do not own the majority of the national debt, just the foreign portion of it by a narrow margin over the Japanese. The foreign portion being roughly one third of the total, the rest is owned domestically and the majority of that is held within the government itself.
Here's some more recent information. China owns $1.24 trillion, or roughly 10% of the publicly held U.S. debt, which by the way, isn't chump change. In fact, it ranks third behind Social Security. But you're right Krom. The American people and the government do own the bulk of our $14.3 trillion in U.S. debt, which comes to a whopping $9.8 trillion.