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China's holdings of US debt jump 30 percent

goingbrokegoingbroke Posts: 1,410
in Precious Metals
In an annual revision of the figures, the Treasury Department said Monday that China's holdings totaled $1.16 trillion at the end of December. That was an increase of 30 percent from an estimate the government made two weeks ago.

Chinese investors might begin dumping their U.S. holdings
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Comments

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    image Who they gone sell debt too? I hope we bankrupt them commy SimageB's!
    Avid collector of GSA's.
  • PerryHallPerryHall Posts: 46,113 ✭✭✭✭✭


    << <i>image Who they gone sell debt too? I hope we bankrupt them commy SimageB's! >>



    .....before we bankrupt ourselves!image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • MoxieMoxie Posts: 25
    If China starts dumping their U.S. holdings, as the article states, it will push up interested rates.

    I wouldn't be surprised to see the Fed buy them up, just to keep rates down.

    Another sign to buy PMs now even though prices appear to be high from this time perspective.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Isn't that the 'official' number they've bought direct though? I thought I read a week or 2 ago that the real number is closer to or over 2 trillion that they've bought on the secondary market from other countries.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>If China starts dumping their U.S. holdings, as the article states, it will push up interest rates.

    I wouldn't be surprised to see the Fed buy them up, just to keep rates down.

    Another sign to buy PMs now even though prices appear to be high from this time perspective. >>



    The big banks can be "urged" to buy another $10 TRILLION in interest rate swaps....that will keep the rates down regardless of what China does.


    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • yellowkidyellowkid Posts: 5,486 ✭
    The old saying goes "If you owe someone $5000, you have a problem, if you owe him $50,000, he has a problem. China has a problemimage
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Keep in mind the figures in the OP are coming from Washington as are the current, laughable unemployment rate and inflation rate. Make no mistake, China has been a net seller of US debt for quite a while now with a lot of it havng been converted to PMs. The only remaining active investor in US debt is the American Taxpayer via the Fed's QE bond buying binge.

    Washington thought they really only had two choices: Monetize the debt or default on the debt. As soon as they realize (after many wasted, inflated taxpayer dollars) that monetization won't solve the problem then it's game over with massive defauts. Had they looked at a more realistic third option that included reducing spending, letting Wall St. and the banks pay for their own mistakes, and making examples out of the financial criminals we could very easily have ended up in much better financial shape.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    I say we give them California, Nevada, one of the Kardashians, throw in Lebron James and call it even...............MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>I say we give them California, Nevada, one of the Kardashians, throw in Lebron James and call it even...............MJ >>


    I would definitely include Parents of the Year (the Lohans).

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>The old saying goes "If you owe someone $5000, you have a problem, if you owe him $50,000, he has a problem. China has a problemimage >>


    China has already received their money back ten fold. Their buying our debt was just a bribe for the economic privilege of being a part of the new world economy. Remember all those shipping containers that came over here full of electronics? They all went back to China full of cash to pay for the electronics. Their "loans" to the US were just a cost of doing business and it paid off in multiples for them.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • pmcollectourpmcollectour Posts: 1,211 ✭
    Let's offer China our dollar or Detroit and see which one they choose.
  • meluaufeetmeluaufeet Posts: 764 ✭✭✭


    << <i>The government made the change to its monthly report based on more accurate information it obtains in an annual survey. That survey more does a better job of determining the actual owners of Treasury securities. >>




    I don't trust this survey any more than I trust the Household Surveys they use for unemployment.


    And... this comes in just when Timmy Geithner is asking for more help -- as they ponder an exit plan -- for Frannie and Freddie. $154 billion since we took it over, another $3.1 bil this quarter, $224 billion by the end of 2012.


    'Let's just print up some more Treasury Securities... China will buy them... and if they don't... the FED will...'
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>image Who they gone sell debt too? I hope we bankrupt them commy SimageB's! >>




    Actually there's about as much socialism here in the US as there is in China . Happy now?

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • OPAOPA Posts: 17,119 ✭✭✭✭✭

    I wouldn't be surprised to see the Fed buy them up, just to keep rates down.

    My question: with what? more us $$$?
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>I wouldn't be surprised to see the Fed buy them up, just to keep rates down.

    My question: with what? more us $$$? >>


    Fed is already buying US Treasuries, that's what QE2 is all about. Better known as monetizing the debt.



    << <i>Actually there's about as much socialism here in the US as there is in China . Happy now? >>


    I remember reading a Playboy interview (didn't buy it for the pics) a few years after the resignation of Nixon. It was with one of his well known advisors who had taken up the simple life and lived on a bartering system. I distinctly remember him predicting, way back then, that socialist countries, due to their oppression of the people, would be forced to move towards democracy while democratic countries, in an effort to provide for all citizens, would move toward socialism. Too bad he couldn't do as good a job of predicting the future for Nixon.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • InYHWHWeTrustInYHWHWeTrust Posts: 1,448 ✭✭✭
    derryb knocked 3 or 4 home runs on this thread image definitely worth the stop by here this afternoon.
    Do your best to avoid circular arguments, as it will help you reason better, because better reasoning is often a result of avoiding circular arguments.
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