Posted on 11/29/2006 8:46:56 AM PST by GodGunsGuts
'Sources', actually.
The Treasury data you can find here: http://www.treas.gov/tic/mfh.txt
The other data is a sum of economic information I work with every day and what I look at is what funds are controlled by Chinese companies. Those numbers are very disturbing.
I keep wavering between "Gigi is a lying teenage kid" and "Gigi is performance art by banned ex-Freepers."
I just can't decide.
I don't need the Treasury data, I need the data showing that China (which just crossed $1 trillion in foreign reserves) suddenly has more than $2 trillion. Or that Japan has more than $2 trillion.
I'm leaning toward the latter.
I never said they had $2 trillion in foreign reserves. "reserves" and "debt instruments" are not the same thing. "Debt instruments" are muni bonds, state bonds (China owns 118 billion of California's debt), stocks, mutuals, & etc. If you have Lexis you can run up a realtime report on this for yourself.
So they bought $2 trillion in debt without having $2 trillion in cash. How'd they do that? Why'd they do that? Can you give a link showing that they did that?
We will spend more here on travel, American made goods and services.
Whatever it is that you're warning us about, it sure sounds pretty awful. The problem is with figuring out just what this horrible thing looks like so I'll know when to hide when I see it.
All I'm getting is that "it" has something to do with how the US$ relates to other currencies, but there's nothing new showing up in the exchange rates.
This 'disaster' talk is making as much sense as those global warming rants the trolls and their dupes keep posting.
They don't have to have 2 trillion *at one time* to acquire 2T of our debt. It is the same funds flowing back and forth - we buy crap from China with our dollars and they buy NOTHING from us in return. To keep the cycle going they lend us back the money we just gave them and, in turn, we buy more crap. The cycle goes on and on and we end up owing more money than we have on hand to pay it off. Even when they buy our stock it is an act of lending us money, stock certificates are just another form of a debt instrument.
YES!!! Thank God someone gets this!!!
So they borrowed money to buy munis? You're joking!
they buy NOTHING from us in return
$41.9 billion last year might not be enough, but it's not NOTHING.
No, they're not.
No, they're not.
The SEC is looking for you. My advice; Run!
I own a farm outright --land, crop, equipment, and I incorporated it and now I own 100% of the shares. I didn't borrow no money from nobody.
A stock certificate is no more a debt instrument than would be a deed to a plot of land or a title to an invention's patent rights --even though they're all what's being traded for foreign goods and services. Here's the latest rundown from the BEA if you're interested.
Sounds like you're pushing this talk about America buying goods with debt because of all the doom'n'gloom about the balance of payments. It's a pack of lies. Some people who repeat the lies actually know better, others are just, well, "misinformed". Whatever the motivation, they're all telling lies to make America look bad. Now that you got a link to the actual figures you can ignore the liars.
OK, how about I say I agree with you --then maybe will you tell me what "it" is?
currency war, the collapse the EU ecconomy continues.
The weak dollar is devastation for the EU. the EU was supposed to CRUSH the USA.
Think of this was currency ju jitsu, we are using the euro against the EU.
in part yes, because absent government regulation - they created instruments like interest only mortgages, 40 and 50 year mortgages, being able to borrow for amounts greater than the assessed valuation of a house, etc. and let's not even talk about credit cards.
yes, they don't force anyone to take those loans or run up charges on their cards. but these practices, spread across a large society of undisciplined sheeple, inevitably will lead to big problems regarding debt.
):
Why would they look for me? For correcting your errors?
You ever figure out why the Chinese would borrow money to invest in lower yielding munis? Or have you realized that they really don't own $2 trillion in US debt?
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