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Man the Chinese have us by the balls

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  • Drama Queen
    replied
    Originally posted by udontknowme View Post
    China's holdings of US T-bills isn't really a big deal at all. They could sell all of them today and it might have a worse effect on them then us.


    "It's politically popular to say that the Chinese "own the United States" because they are such a huge creditor. The reality is very different than the rhetoric.


    While around 5% of the national debt isn't exactly insignificant, the Treasury Department has had no problems finding buyers for its products even after a rating downgrade. If the Chinese suddenly decided to call in all of the federal government's obligations (which isn't possible, given the maturities of debt securities), it is very likely that others would step in to service the market. This includes the Federal Reserve, which already owns nearly three times as much debt as China."

    https://www.investopedia.com/article...t-how-much.asp

    The Chinese love American cars.

    He meant T-birds.


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  • udontknowme
    replied
    China's holdings of US T-bills isn't really a big deal at all. They could sell all of them today and it might have a worse effect on them then us.


    "It's politically popular to say that the Chinese "own the United States" because they are such a huge creditor. The reality is very different than the rhetoric.


    While around 5% of the national debt isn't exactly insignificant, the Treasury Department has had no problems finding buyers for its products even after a rating downgrade. If the Chinese suddenly decided to call in all of the federal government's obligations (which isn't possible, given the maturities of debt securities), it is very likely that others would step in to service the market. This includes the Federal Reserve, which already owns nearly three times as much debt as China."

    https://www.investopedia.com/article...t-how-much.asp


    Last edited by udontknowme; 03-23-2020, 05:04 PM.

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  • Birdwatcher
    replied
    Frankly, it is a symbiotic relationship, if they try and screw us, they screw themselves in the process. If our economy crashes, the whole world will crash in the process.

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  • thegodfather
    replied
    $$$$$$CASH IS KING$$$$$$

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  • Dim Bulb
    started a topic Man the Chinese have us by the balls

    Man the Chinese have us by the balls

    They are heavy into T Bills now. If they decide to stop investing we are fucked. The Feds buybacks will be a blip if China stops support. On the flip side, the Chinese would be cratering their own export trade if they did so. Man this is a financially fucked up situation.
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