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A gentle reminder: China owns more than 320 BILLION of our foreign debt. [View All]

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Poll_Blind Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-16-06 08:29 PM
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A gentle reminder: China owns more than 320 BILLION of our foreign debt.
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And it's still buying... Currently #2 after Japan.

MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES

  Unlike our allies/friends who compose the bulk of the list China may not have the best of intentions when purchasing our debt. As China buys more and more debt from the United States their ability to cripple us economically via a sell-off of those Treasury Securities grows. They are currently the second-largest holder of our Treasury Securities held by a foreign nation.

  China has about 20 ICBMs. That's right, about 20 with a total stockpile of less than 200 warheads. Even if that's a low-ball, and it probably is, it's something far far less than the nearly 6,000 nuclear weapons the United States has spread out over ICBMs, submarines, etc.

  China does not need so many nukes.


  China has a bomb that can destroy our country and leave every building perfectly intact.


  And we sold it to them.


  Our debt.




Translation: All your economy are belong to us!

PB
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