US National Debt $180 Trillion & counting

[Windjammer]

Total debt per citizen around $205000.


U.S. National Debt Clock : Real Time

 

[ArsalanKhan21]

It is $18 tillion and not $ 180 trillion and debt per person is $58,000 and not $205,000

Total debt per citizen around $205000.

U.S. National Debt Clock : Real Time

 

[Windjammer]

It is $18 tillion and not $ 180 trillion and debt per person is $58,000 and not $205,000

Yes it is $18 Trillion, ''typo''.
Per tax payer Forbes tells us it's around $154000.

 

[Providence]

Debt inherently is not bad ! Peeps getting some rise out of it should hold their breath. As long as other countries are ready to finance our debt, we are good !

 

[Beast]

Debt inherently is not bad ! Peeps getting some rise out of it should hold their breath. As long as other countries are ready to finance our debt, we are good !

China will slowly reduce financing US debt once our economy is almost on par with US and that is not far. US better prepare for the future.

Just like how Saudi always banking on its oil export for its future. With rise of shale gas, renewable energy and huge drop of oil price. Saudi has come back to reality. Same applied to USA.

 

[Providence]

China will slowly reduce financing US debt once our economy is almost on par with US and that is not far. US better prepare for the future.

Just like how Saudi always banking on its oil export for its future. With rise of shale gas, renewable energy and huge drop of oil price. Saudi has come back to reality. Same applied to USA.

And you know why aren't we surprised much less alarmed ? That's because china has been reducing its holdings quite massively and consistently but the market is not perturbed with such events as you may have hoped for.

Read this:

China Slashes U.S. Debt Stake by $180 Billion, Bonds Shrug - Bloomberg Business

In a nutshell, when 180billion dollars of chinese holdings were dumped into the market, our long term yield rates fell by just 0.6%

So please go ahead and dump more !!

 

[Beast]

And you know why aren't we surprised much less alarmed ? That's because china has been reducing its holdings quite massively and consistently but the market is not perturbed with such events as you may have hoped for.

Read this:

China Slashes U.S. Debt Stake by $180 Billion, Bonds Shrug - Bloomberg Business

In a nutshell, when 180billion dollars of chinese holdings were dumped into the market, our long term yield rates fell by just 0.6%

So please go ahead and dump more !!

LOL.. It just a small start and when more are dump and with your Japanese friend reccession start to hit them hard. See who will finance your debt. This is a long term superpower game. You will not see the real effect in short term. PLus, I did say when China and US reach parity, the dumping will be more and obvious. The real dumping will occur in 2020 when China economy size reaches US. Now we still need US to keep buying China product few more years to make us powerful. Why would we want US to go downhill so quickly?

 

[Providence]

LOL.. It just a small start and when more are dump and with your Japanese friend reccession start to hit them hard. See who will finance your debt. This is a long term superpower game. You will not see the real effect in short term. PLus, I did say when China and US reach parity, the dumping will be more and obvious. The real dumping will occur in 2020 when China economy size reaches US. Now we still need US to keep buying China product few more years to make us powerful. Why would we want US to go downhill so quickly?

The more you guys dump, the lesser would be your share. The more we borrow the more will be our debt. So cumulatively, your share of our wallet is gonna be insignificant by then

 

[Nilgiri]

Correct thread title please. Thx

 

[Beast]

The more you guys dump, the lesser would be your share. The more we borrow the more will be our debt. So cumulatively, your share of our wallet is gonna be insignificant by then

May I know who you borrow from when your japanese friend become poorer and China not interested in financing you anymore? Your saudi friend has also go broke. You think US federal really can print money out of the air? Russia has start trading oil in RMB.

By 2020 China will have a powerful domestic market that dont depend so much on export. We are on our own.

 

[Providence]

May I know who you borrow from when your japanese friend become poorer and China not interested in financing you anymore? Your saudi friend has also go broke. You think US federal really can print money out of the air? Russia has start trading oil in RMB.

By 2020 China will have a powerful domestic market that dont depend so much on export. We are on our own.

let's talk about it then in 2020 !!

 

[Beast]

let's talk about it then in 2020 !!

It will not be far

 

[NP-complete]

GDP : 17.5 trillion
Debt : 18 trillion

100% leveraged economy

 

[Providence]

GDP : 17.5 trillion
Debt : 18 trillion

100% leveraged economy

When our debt was around $14.5 trillion, $9.5trillion of that was domestic owned like by pension funds and insurance companies !!

 

[NP-complete]

When our debt was around $14.5 trillion, $9.5trillion of that was domestic owned like by pension funds and insurance companies !!

so thats investment of peoples money into government projects.