|From: United Kingdom @good88person||Time : 2016-11-21 21:43:38|
美国欠中国9,000,000,000,000 元 RMB
America owes 1,300,000,000,000 American dollars to China !
9,000,000,000,000 元 RMB
1,300,000,000,000 American dollars
中国 to China
不丰富 not rich
China's holdings of US government debt in October eclipsed the $1.3 trillion mark for the first time, before a Chinese banking official signaled a cut in the accumulation of foreign-exchange
reserves could be at hand, a move some saw as presaging a drop in the country's massive purchases of US Treasury securities.
|From: China 江苏(jiang su) 扬州(yang zhou ) @paulfox1||Time : 2016-11-22 17:33:52 #1|
It's quite amazing that many people don't exactly understand how BIG ONE TRILLION is......
If you are one of those people, let me help you.....
One Trillion seconds = approximately 33,000 years !
Therefore, if America repaid this debt at the rate of one dollar per SECOND ($60 per minute), it would take about 42,900 years to pay it all back.
I wonder if Trump will still be president, lol.
|@Anonymous25428||Time : 2016-11-23 07:32:12 #2|
Yes, but money isn't worth anything so what was the point? Only thing worth something is land. Something that Chinese people in China can't never own. Only lease. And house on leased ground is worth absolutely nothing. Land is something that you can't print more. And population growth is over 200 000 people per day, so demand is high.
Banking is just prison, way to keep people on hamster wheel. Value of money will always go down, about 3,5% a year. About same amount that land worth increases.
So if you want to become rich: Buy a house on own land, rent it so other person will pay it for you, repeat.
|@Anonymous25429||Time : 2016-11-24 03:19:11 #3|
"owning" land is an illusion, try not paying any taxes to the american government and see how truly you "own" your home/land.
|From: China 吉林(ji lin) 长春(chang chun ) @Map1||Time : 2016-11-26 06:38:17 #4|
Yes, China wasn't wise to buy up our debt. Now the government is dumping the Treasury bonds like crazy. The RMB against the $ is the lowest it's been in 8 years. Xi Jingping is trying to appease the new president in order to avoid high tarrifs on Chinese goods. Hu Jin Tao was right to scold Obama and tell him not to spend so much money as we owed China 1.3 trillion. Obama, the facist socialist ran up our debt twice as much as all the other presidents combined! With Mr. Trump we'll see an American Renaissance in every way. He's already done a lot to fulfill his promises and keep manufactoring in our country. The Markets are the highest ever as they have great confidence in Trump. Hillary would have been a corrupt facist dictator who would have led us down the road of destruction and socialism. Her open borders would have made us a 3rd World country as documented by Ann Coulter in her book, "Adios America." Thankfully, patriotic Americans stopped the Clinton machine and repudiated the establishment, globalists, oligarcy, Soros, media, banking and special interests. Mr. Trump gave the mainstream media and their executives a well-deserved tongue lashing at Trump Tower. They're in the dog house for awhile and basically they're finished as 71% of the American public don't trust them. They can whine and complain all they want, but no one watches them anymore or cares.
|From: China 江苏(jiang su) 扬州(yang zhou ) @paulfox1||Time : 2016-11-26 22:06:12 #5|
Mappus Onenus. Everyone makes mistakes. China believed it was doing the right thing at the time and no-one could have foreseen how 'Obama-the-homosexual-married-to-a-transgender-and-with-adopted-kids' would screw up America.
The truth of the matter is this: Trump is feared by people who have the most to lose. Banks; Insurance Companies; Pharmaceutical Companies; etc. Killary would have ensured their safety. These industries have been ripping off the 'ordinary bloke' for decades, and Trump knows it.
Trump has his faults - don't we all? After all, it's the Hebrew Bible that states; 'Let he who is without sin cast the first stone.'
People would be wise to remember that Donald Trump is a billionaire. That's a LOT of money!
(Side note - I'm not sure as to the TRUE definition. There are those who say that a 'Millionaire' is someone who has a net worth of a million dollars; others say that a 'Millionaire' is someone who has an annual income of at least a million dollars.)
Even if we accept the former as being the true definition, then one BILLION DOLLARS is more than one could possibly spend in a lifetime.
So, if 'Uncle Donald' is a billionaire, then he's not made that kind of money through stupidity. He's also not made it due to the fact that everyone hates him and he has no friends.
As for America's national debt, let's wait and see how he attempts to deal with it.
|From: United States Virginia Manassas @Beaverdam||Time : 2016-11-27 06:15:41 #6|
@Map1 Obviously the debt is a huge and even potentially fatal problem, and a big chunk of it is owed China, but, respectfully, what at least from published reports does Mr. Trump plan to do about it? From what I have read significant tax cuts, massive infrastructure investment and significant military spending increases will lead to the need for more debt and not less. What does Ann Coulter or anybody else have to say about this prospect? How can he get the above done without deficit spending which of course means borrowing more money, not paying it back?
|From: China 吉林(ji lin) 长春(chang chun ) @Map1||Time : 2016-11-29 02:47:10 #7|
Beaverdam, President Trump will make massive cuts in spending. I've recommended that he talk to Sen. McCain and Citizens Against Government Waste for suggestions. Tax cuts and manufactoring staying or returning to the US will grow the economy and create jobs. This will also provide monies to cut the debt. No more deficit spending. He's already asking to put a freeze on government spending and hiring for the bloated bureaucracy. Hopefully he'll shut down the Departments of Education, Transportation, Energy, IRS via the FairTax (www.fairtax.org) and consolidate the Departments of Commerce and Labor. HHS and HUD need to go also. Hopefully UN Ambassador Hailey will under Trump's directive stop paying dues to the UN. This will save billions. Let the Europeans, China, Russia and the Socialist 3rd World run the archaeic and useless world body. What I learned from having participated in two Model UN conferences in college, is that it's a waste of time and money. Many other programs and wasteful spending can be totally eliminated. Yes, he'll beef up spending on the military and infrastructure. This is one of the roles of Federal government. If he appoints Rep. Ron Paul MD to Treasury, he'll elinate the Fed and have Congress issue Greenbacks (like Lincoln) or silver certificates (like JFK did).
|@Anonymous25450||Time : 2016-11-30 20:30:44 #8|
Haa haa, dont get over confident to ever getting this money back !!!! USA is very good at trade war or trade blockade to avoid paying back !!!
|From: United States Virginia Manassas @Beaverdam||Time : 2016-12-07 12:55:52 #9|
@Map1 Well, Mr. Trump is a breath of fresh air and I wish him well, but let's check back in a year and see how much of what you list comes to pass. My guess - tax cuts, military increases and maybe the infrastructure, none of the rest. People like to repeat it, but there is no evidence cutting taxes shrinks the deficit. It increases the deficit. We've tried it twice Reagan and Bush II and the deficit did not shrink. Anyway what to me is interesting is what the response will be when we have to increase the debt ceiling to pay for the latest round of tax cuts. Do the deficit hawks rule the day or the tax cutters? Greed I think still controls the Congress, but how will businessman Trump weigh in on that one - hopefully start toeing the line on deficits. Time will tell. Cheers.
|From: China 辽宁(liao ning) 沈阳(shen yang ) @AchrisT||Time : 2016-12-10 15:52:18 #10|
I guess don't understand how it works in China. My understanding is that you purchase property and you have ownership for seventy years, no land tax bills. When the seventy years roll around you return the property to the government or buy it back for the government. In the states, we own land that has a royalty paid yearly to the city, county, state governments, not Federal. This is only different in the Commonwealth States that only pay to the States. This different in every state but it is based off the assessed value of the property. States like New York, New Jersey, you will pay the value of the house every 6 to 7 years. New York has three taxing authorities; being City, County, and State. Now you couple this with property growth you end up paying much more than a standard percentage. Most states make almost impossible to get the taxes lowered in a market fall as in 2008. Courts and legal fees add up quickly so choosing this route can eat the saving of the lower taxes very quickly. So as many Chinese think the ownership of property in the west is a great advantage, it really is nothing more the rice is sweeter at the neighbor's house, or we say in the US, the grass is greener on the other side of the fence.
As @Anonymous25429 Stated don’t pay the taxes, see who really owns the property as it will be taken by the government whom makes claim first.
As most states have a last bill gets paid first. Meaning if you are trying to get caught up, you have to pay the last bill, while the previous tax bills are still being charged late fees and penalties monthly. So don’t run into bad times, loose income or fail to make a completed tax payment as the systems are made to kick you while you are down.
|From: China 辽宁(liao ning) 沈阳(shen yang ) @AchrisT||Time : 2016-12-11 16:10:35 #11|
I love it when people talk about something and make a big thing out of nothing, specially forieners and citizens, that have no idea how the bond market works; but let us look at facts.
1. America does not owe China anything,other then the interest due on the accounts that are list owners of the bonds. America owes the markets at maturity date the face value of the bonds that have matured. (Yes, the bonds are US debt instruments sold on a market) America has sold the bonds on the market and have nothing to due with them till a matuirty, or interest payments every six months.
2. US didn’t go to China force them to purchase the bonds, nor did they solicit the purchase of the bonds, as that is illegal.
3. By the law the US Government and States Governments must sell the bonds on the market and get a value for them that is determined by the market. Bonds are sold at, face value, at a discount or at a Premium.
4. China, any time they choose can return to the market and sell the bonds, the strips, or the obligations or any portion they choose.
5. Monetary Policy is determined by the Board of Governors and not the President or President Elect. So, Trump has nothing to say about it or can take any action other than beg the Board of Governors to do something.
6. In the years 2010 to 2015, China had a trade Surplus of US$ 1.8 trillion in trade surplus. This money is sitting in their vaults not making any thing.
7. China has Defaulted (total Defaults) twice in the same time periods America hasn't.
8. Europe and the Union had problems with many countries, Greece, Italy, Spain and defaults. Making not for a smart investment.
9. An old saying “A dollar today is worth more than a dollar tomorrow.”
10. The RMB is not a market item and the value is chosen by the PRC.
11. Governments use Bonds to pay debts, or take cash off the market or puts cash back into the market. China doesn't have this headache, as I said before the RMB is not a marketable currency. China choose the value not a market.
So, looking at the fasts, I hope you can come up with a choice that China, chose to remove currency and replace it with instruments that where paying an interest. They chose to use the US debt. They went to the market on their own choice and purchased US Bonds, Mainly 10 years, but also 20 and 25 years. If China choose to hold onto the currency, they would lose money to inflation, and devaluation. Exchanging the currency to paper that pays interest keeps the value at a level close to the value at the time it is gained.
The selling of the bonds remove dollars off the market, therefore lowering the supply on the market and causing the demand to increase, and there by increasing the value of the dollar against all currencies. Also, allowing the PRC to choose a weaker valuation of the RMB, keeping their exports at more of a favorite position.
China is far from the attitude of the west and the bottom line, their goal is to maintain the level of employment. The strengthening of the dollar increases the growth in the US economy and at the same time increases Chinese exports. This allows a contraction in the Chinese economy to help maintain employment.
When you look at the number it seems big, yes especially to us that have never had that much money cross our hands. Is it a lot for America to fold, not likely. If you look at America and its economy and tax structure is it a good investment, that is your choice to choose. China has made their choice. If you are a Chinese Citizen, and choose to tell the one party government that it is a mistake, you can; it is not recommended .
|From: China 江苏(jiang su) 扬州(yang zhou ) @paulfox1||Time : 2016-12-12 18:20:16 #12|
It's interesting that you have twice said that Trump will increase military expediture. Doesn't the 'Divided States of America' already spend trillions of dollars on its military? Why on earth does it need to spend more?
|@Anonymous25496||Time : 2016-12-13 03:00:48 #13|
Yes, you're right that the US didn't solicit China to buy our Treasury Bonds, but the Chinese government realized that they had to as our economies are so interconncted. The way the US goes so will China and the rest of the world. Hu Jin Tao did rebuke Obama as he was concerned about our 16 trillion dollar debt at that time. True, that China's governent props up the RMB and doesnt' allow it to float on the world market. Mr. Trump will do something about this. China will comply. President Xi wants to appease our new president to avoid high tariffs. As a resident of the PRC, I've observed that the housing market is out of control. Apartments in every city are empty. Even the small city where I lived in Ningxia Province had many empty apt complexes and they were building more without any urban planning. . I read in the Wall Street Journal that China is now wanting to restrict the loans that the banks gives for people to purchase apts and homes. I will purchase an apartment with my wife in southern China and pay cash, for investment purposes, we'll rent it out and live there when we're in China. I also own a home in the US. My future wife owns an apt. in her city.
|From: China 江苏(jiang su) 苏州(su zhou ) @JFjane||Time : 2016-12-14 20:13:35 #14|
As we know , the USA goverment is not rich, but Trump wants to rebuild their infrastructure , where is the money? ok ,more DEBTS...
The rising debts make the more interests cost,if the interest rate is 1.5% ,then the investment profit rate must be higher than 1.5%.Otherwise,the debts and severce cost may affect economic growth rate.
But the USA goverment is like most Americans ,using tomorrow money ,enjoy nowdays life :) which we Chinese learned it from the USA too ,haha ....When the economic grows fast ,that is ok ,if not , then it seems like that one generation is receiving the benefit of the future generation .
But just as the Anonymous25450 said ,the USA goverment is good at playing (sorry ),when the 2008 finacial crisis ,many banks got broken ,then they dont need to returen the debts to the country :Iceland anymore ...loss and risk were transfered......
So now the world is still in bad case ...domino!