gambit
PROFESSIONAL
- Joined
- Apr 28, 2009
- Messages
- 28,569
- Reaction score
- 148
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The American people is the largest debt holder of US debt. China is only the largest FOREIGN debt holder.ofcourse we can sell you clown.
we can sell in the secondary market.
china is not holding that toilet paper until maturity.
without china holding the massive debt of the US, you have to find other buyers in the long term(non-speculators), or you wont have such low rates. imgine you having to pay higher rates to attract buyers and your interest payments will be massive.
we have plenty of buyers for our exports, only about 18% of our total exports go to the US. and last year domestic consumption contributed 50% to chinese growth.
china is less and less dependant on exports.
while your budget deficit is around 10% every year.
stop sniffing agent orange kiddo
Here is an example from 2008...
See that slice that says '27.90%'? China is the largest holder of that slice with Japan and others not too far behind.
Heck, you probably can barely balance a checkbook given how recent is China into the capitalist and finance area.
Nonsense. That was a very educational 20 min for you. You just learned how ignorant you really are when it come to China's meddling in Viet Nam and to being a co-starter of the Vietnam War.i just wasted 20 mintues of my life on a clown like you.