Saturday, May 28, 2011
China is the largest foreign debt holder
The united states owes china 900 billion dollers. This is a substantial amount of money to owe another goverment. Many people these still think that america is driving the car in this world but really this definetly is not true. Honestly I do not know how the united states of america is going to pay off the large amount back to china. One possible solution is too stop giving nations large sums of money. America is always giving and never wants to think of the problem they are in, we are in a 14 trillion doller debt and some how we still find time to give other countries money that we dont have. This is very puzzling to me and i would like you readers to comment about this issue.
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When debt becomes this large it kinda takes on a different meaning. This isn't really something we can just "pay back." The US national debt is so large that we'd have to make extremely large cutbacks for several years to pay it all back. Our current debt is equal to our GDP, so if we did no spending for one full year, we could pay off, but obviously it's not so simple
ReplyDeleteyeah, this is really crazy. i'm shocked that more people don't know that america is the world's largest debtor in the world. scary stuff.
ReplyDeleteThis is going to take a long time to pay off.
ReplyDeleteobama ftw (return please ;d)
ReplyDeleteDamn that's too much, debts are always puzzling and there must be a strategy there, thanks for sharing, take care!
ReplyDeletecommunists.. hmph.
ReplyDeletebomb my blog! http://pastebin.com/PBRs3QLT
Rothschild: "Hey guys (Western World) I know for the enormous amount of money you owe my family, start a WW3."
ReplyDeleteSounds ridiculous but the biggest creditor of the western world is the FED and the FED belongs to the Rothschild family.
We won't pay it off. The land we bought from the French still isn't payed off.
ReplyDeleteThe US is completely screwed when China calls this in.
ReplyDeleteInb4 the US is bankrupt by 2015
The US really needs to fix this debt problem.
ReplyDeleteReminds me of fable 3.
ReplyDeleteSpoiler Alert.
In fabel 3 you need to amass 6.5 million gold before the end of the year. every now and again, you will come accross propositions, turn something into a brothel and get 1.2m towards your efforts or turn it into an orphanage for 50k.
The way i see it is that for the US, they want to be the good guys, they expect everybody to help them out of the hole that they've put themselves into, what's sad is that the nations which have received money probably won't pay it back.