US National Debt

[LeGenD]

No one really know how much Gold China really has. China is gold net importer, and biggest producer in the world for many years and many years to come.
View attachment 655703

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All is known and understood by those in the know.

This is the source: https://www.gold.org/goldhub/data/historical-mine-production

Here is the update in real-time: https://www.gold.org/goldhub/data/monthly-central-bank-statistics

Another: https://tradingeconomics.com/country-list/gold-reserves

It is out in the open.

 

[vi-va]

All is known and understood by those in the know.

This is the source: https://www.gold.org/goldhub/data/historical-mine-production

Here is the update in real-time: https://www.gold.org/goldhub/data/monthly-central-bank-statistics

Another: https://tradingeconomics.com/country-list/gold-reserves

It is out in the open.

It's NOT.
China import hundreds tons of gold every year, and produced another hundreds tons of gold every year.
Accumulated more than 1000 tons of gold every single year.

 

[LeGenD]

It's NOT.
China import hundreds tons of gold every year, and produced another hundreds tons of gold every year.
Accumulated more than 1000 tons of gold every single year.

You posted a graph, I mentioned the source of 'your' graph.

Now you are speculating.

Let me help you: https://www.ceicdata.com/en/indicator/china/gold-production

 

[vi-va]

You posted a graph, I mentioned the source of 'your' graph.

Now you are speculating.

Let me help you: https://www.ceicdata.com/en/indicator/china/gold-production

I agree. But there is no other data source available on internet.
I did research on China gold years ago. I knew China is hiding large stockpile of Gold in case of emergency.

 

[LeGenD]

I agree. But there is no other data source available on internet.
I did research on China gold years ago. I knew China is hiding large stockpile of Gold in case of emergency.

I understand.

The figures I posted are (recent) disclosures. Chinese GOLD stockpile is definitely climbing; China is in the TOP 10 for sure.

GOLD production does not happen without logic - economic considerations and pressures are in the works behind-the-scenes. Just saying.

 

[vi-va]

US debt is rocket speed increasing.
https://www.cbo.gov/
In past 6 month, accumulated 3000 billions. It's definitely unsustainable.

 

[mmr]

US debt is rocket speed increasing.
https://www.cbo.gov/
In past 6 month, accumulated 3000 billions. It's definitely unsustainable.
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Asset bubble in making. All this will do is inflated real estate and stock market.

 

[Nilgiri]

US natural reserves and assets is over 280 TRILLION ( 2018 ) now must be more. so what is 23 trillio to 280 trillion?

Where did you get that number from?

I believe credit suisse total wealth estimate has US at around 110 trillion USD.

 

[Prince Kassad]

Where did you get that number from?

I believe credit suisse total wealth estimate has US at around 110 trillion USD.

110 is the number which is not including natural gas and oil reserves

the United States had about 438.5 Tcf of proved reserves and 2,390.3 Tcf of unproved reserves of dry natural gas. Im including the 2390 figure as well in this calculation

 

[Prince Kassad]

Just imagine when China sells that 7 trillion dollars in Global Market and then switches to Yuan. You can add that 7 trillion to US total debt.

where will they put the 7trillion debt? the safest by is us by a mile, + if your looking to sell, they are plenty of around the globe looking to buy

 

[Prince Kassad]

The collapse of US Empire is just a matter of time. For those who want to sink with this ship, on your own risk. @hindutva

you're confusing total debt with net worth. Your net worth is your assets minus your liabilities. So if you have a debt of 10 trillion dollars and assets worth 100 trillion dollars, your net worth is 90 trillion dollars, not negative 10 trillion.

If you added up all the real estate, infrastructure, and other assets owned by the United States, it would be a huge amount. Yes, the national debt is also huge, but the total assets of the United States are much larger than that. You’re only bankrupt when your liabilities are greater than your assets, and your income is no longer enough to service your existing debt.

 

[Nilgiri]

110 is the number which is not including natural gas and oil reserves

the United States had about 438.5 Tcf of proved reserves and 2,390.3 Tcf of unproved reserves of dry natural gas. Im including the 2390 figure as well in this calculation

Again you are going to have to provide a source for this..given I have read the credit suisse report in some depth, and natural resource estimates basically transmute under real assets and financial assets....given total valuation of those are gotten by market cap of the companies involved in natural resource sector.

For example for Australia:

The composition of household wealth in Australia is skewed toward non-financial assets, which average USD 275,420 and form 58% of gross assets. The high level of real assets reflects a large endowment of land and natural resources relative to the population, but also high property prices in the largest cities. While financial assets are just 42% of total assets, they are also high in absolute terms in part because of Australia’s mandatory superannuation system, which generates strong pension wealth. Average debt is 19% of gross assets.

 

[mmr]

Just imagine when China sells that 7 trillion dollars in Global Market and then switches to Yuan. You can add that 7 trillion to US total debt.

What are u talking about. China hold 1.1 trillion not 7 lol.

 

[mmr]

110 is the number which is not including natural gas and oil reserves

the United States had about 438.5 Tcf of proved reserves and 2,390.3 Tcf of unproved reserves of dry natural gas. Im including the 2390 figure as well in this calculation

Dude oil and gas should not be counted. If so then canada will have trillions. Or Saudis and iran will have trillions as well as russian.

We should look at gdp per year which shows economic activity. And decide if too much debt or not.

Weather you like it or not usa is simply printing money. Which will create inflation down the road and make rich ppl even richer. Specially ppl who own real estate and stocks.

 

[Nilgiri]

Dude oil and gas should not be counted. If so then canada will have trillions. Or Saudis and iran will have trillions as well as russian.

They are counted, in the exact way I just said. Why should they not be?

We should look at gdp per year which shows economic activity. And decide if too much debt or not.

Why? debt is leveraged on wealth, not production.

Weather you like it or not usa is simply printing money.

That is a very simplistic take...not to mention that every country has bought into it and buying into it heavily.