Thai man survives attempted murder orchestrated by ex-girlfriend

[Celsius]

Can someone explain to me how this debt works? If China owns most of US debt aren't American taxpayers effectively paying interest payments to China?

 

Edited 2 hours ago by Celsius

[Yellowtail]

2 minutes ago, Celsius said:

Can someone explain to me how this debt works? If China owns most of US debt aren't American taxpayers effectively paying interest payments to China?

 

First, while is one of our largest creditors China does not own most of our (US) debt. I think Japan is our largest creditor and China second. 

 

But yes, the US spends more now to service the debt than we spend on defense. 

 

 

[simple1]

Yes, PRC Yuan is pegged to the US dollar. As of April 2024, the five countries owning the most US debt are Japan ($1.1 trillion), China ($749.0 billion), the United Kingdom ($690.2 billion), Luxembourg ($373.5 billion), and Canada ($328.7 billion. Plus US consumers pay the additional tax on PRC imports to the USA - tariffs. as well as subsidies to US farmers due to PRC tariffs on US agricultural products e.g. soya.  trump's tariffs on PRC have failed in their purpose to reduce PRC imports. Biden keeps them in place:

 

https://edition.cnn.com/2022/01/26/politics/china-tariffs-biden-policy/index.html to defend 

Edited 2 hours ago by simple1

[Yellowtail]

2 minutes ago, simple1 said:

Yes, PRC Yuan is pegged to the US dollar. As of April 2024, the five countries owning the most US debt are Japan ($1.1 trillion), China ($749.0 billion), the United Kingdom ($690.2 billion), Luxembourg ($373.5 billion), and Canada ($328.7 billion. Plus US consumers pay the additional tax on PRC imports to the USA - tariffs. as well as subsidies to US farmers due to PRC tariffs on US agricultural products e.g. soya.  trump's tariffs on PRC have failed in their purpose to reduce PRC imports. I guess Biden keeps them in place to defend from trump political attacks calling him Marxist etc

[simple1]

1 minute ago, Yellowtail said:

snipped for brevity

Once has to keep trump in mind regards US debt to PRC due to his imposition of tariffs and his trade war with PRC.

[NoDisplayName]

22 minutes ago, Celsius said:

Can someone explain to me how this debt works? If China owns most of US debt aren't American taxpayers effectively paying interest payments to China?

 

 

That's how bonds work.  The Chinese are giving the US government low interest loans. 

 

Chinese taxpayers are subsidizing our national debt, allowing us to bankrupt ourselves.

 

https://usadebtclock.com/

[Jim Blue]

How come a s^×%%y country like the UK, to quote Trump , lent so much to the USA   ?

[KhunLA]

41 minutes ago, Yellowtail said:

First, while is one of our largest creditors China does not own most of our (US) debt. I think Japan is our largest creditor and China second. 

 

But yes, the US spends more now to service the debt than we spend on defense.

Yes, and probably correct, along with the govt is also a big holder of it's own debt.  Borrowing from themselves ... think Social Security, and how they drained that fund to near insolvency.

 

Still in the print more money mode.   Debt is on paper, and as long as nobody calls you on it, then you're not bankrupt.  

 

JFK wanted to do away with Central Banking & Fed ... shh

... we all know how that turned.

 

ME ... ain't paying and haven't paid taxes most of the past 24 years.  Think I got all mine back, or will before I crap out.   Like bein a blight on society