How much of the United States does China really own?

DerekJohnson

From June 30

https://foxnews.com/world/how-much-of-the-united-states-does-china-really-own

PurpleThrobber

There's a saying in business -

At a certain level of debt, the bank doesn't own you....you own the bank.

Trump knows this. And in 2021, he will squeeze their nuts so fucking hard, it will make Xi's eyes pop out of his head.

LoneStarDawg

Is trump the perfect president for an over leveraged America sticking it to the bank?

PurpleThrobber

LoneStarDawg said:

Is trump the perfect president for an over leveraged America sticking it to the bank?

We call that a 'recapitalization and restructuring' in the biz.

Creditors take the risk of non-payment. Even fucking Wells Fargo knows they need to reserve a portion of their portfolio as uncollectible. And they are idiots.

And what kind of fucking rubes take collateral they can't possible foreclose on? WTF are the Chinese going to do? Send Repo Man across the sea to hot wire a commercial building?

LoneStarDawg

I’m hearing we just printed 1.8T to cover for China’s lab leak... maybe a good place to start in the restructuring

Sledog

I remember Japan buying up America. Didn't work out well in the long run.

I avoid Commie products everywhere I can. When Smithfield sold I stopped buying any of their products. Time to take back all strategic production and NEVER let it go again. Also policy limiting any foreign ownership in US companies to less than 40% or all together since they don't let us play like that in their country. Equal trade. I'm woefully tired of us taking it in the shorts regarding trade. Now we know why it has been so as we discover the span of the deep state and their pay to play politics.

PurpleThrobber

We kind of suck at overturning rebellions and nation building in third world shitholes.

We’re fucking amazing at finance.

Houhusky

PurpleThrobber said:

There's a saying in business -

At a certain level of debt, the bank doesn't own you....you own the bank.

Trump knows this. And in 2021, he will squeeze their nuts so fucking hard, it will make Xi's eyes pop out of his head.

COVID gives trump and other countries cover to just default/erase the trillions of Chinese owned debt in the name of reparations.

Maybe it wrecks the US world credit, but it probably doesn’t. Might as well give it a shot and see what happens at this point. The US in energy independent and has plenty of other creditors.

WestlinnDuck

Houhusky said:

PurpleThrobber said:

There's a saying in business -

At a certain level of debt, the bank doesn't own you....you own the bank.

Trump knows this. And in 2021, he will squeeze their nuts so fucking hard, it will make Xi's eyes pop out of his head.

COVID gives trump and other countries cover to just default/erase the trillions of Chinese owned debt in the name of reparations.

Maybe it wrecks the US world credit, but it probably doesn’t. Might as well give it a shot and see what happens at this point. The US in energy independent and has plenty of other creditors.

Big repercussions on debt defaulting. As it currently stands, why would anyone buy a 10 year US bond which currently is paying 0.86% interest. Less than inflation. With continuing massive deficits and printing money, you tie up your capital for 10 years at 0.86% and with the growing socialist movement in the US, socialists love defaulting.