They say that each American citizen (man, woman, child, infant, and I wouldn’t be surprised if household pets are included) owes $30,000 as part of our countries national debt.
At least $400 billion of our debt is to China.
And now our countries most premier financial adviser has fallen into the “red” along with our government:
Morgan Stanley posted its first quarterly loss ever Wednesday after taking an additional $5.7 billion write-down related to subprime mortgages. The investment bank also said it would sell a $5 billion stake to China Investment Corp., a sovereign wealth fund, to shore up its capital.
Who’s next, McDonalds?
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December 21st, 2007 at 9:36 am
Because they build everything we buy?
"made in China" isn't just a sticker on crap you buy from a gumball machine anymore.
December 21st, 2007 at 10:24 am
Just curious, but why do we owe 400 billion to China?
December 21st, 2007 at 11:36 am
Because they build everything we buy?
“made in China” isn’t just a sticker on crap you buy from a gumball machine anymore.
December 21st, 2007 at 5:42 pm
I think it mostly comes down to far more Chinese products being imported to America and not enough American products being exported to China.
Oh yeah, and let's not gloss over the fact that China is the largest buyer of American treasury debt. They're essentially our safety net right now for all those billions of dollars the Bush administration is tossing into quagmire wars. Even the U.S. Government isn't exempt from being responsible for their debt.
yippee skippy.
December 21st, 2007 at 7:42 pm
I think it mostly comes down to far more Chinese products being imported to America and not enough American products being exported to China.
Oh yeah, and let’s not gloss over the fact that China is the largest buyer of American treasury debt. They’re essentially our safety net right now for all those billions of dollars the Bush administration is tossing into quagmire wars. Even the U.S. Government isn’t exempt from being responsible for their debt.
yippee skippy.
December 22nd, 2007 at 7:49 am
MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
(in billions of dollars)
HOLDINGS 1/ AT END OF PERIOD
Oct
Country 2007
——
Japan 591.8
China, Mainland 388.1
United Kingdom 2/ 296.5
Oil Exporters 3/ 130.3
Brazil 112.8
Carib Bnkng Ctrs 4/ 78.1
Luxembourg 70.1
Hong Kong 54.2
Taiwan 53.4
Germany 44.1
Korea 43.3
Singapore 35.9
Mexico 33.2
Switzerland 31.7
Turkey 26.5
Canada 21.4
Thailand 20.0
Netherlands 19.5
Sweden 15.3
Russia 14.9
France 14.7
India 13.7
Italy 13.6
Ireland 13.1
Poland 12.3
Belgium 11.3
Israel 10.2
All Other 139.5
Grand Total 2309.5
Of which:
For. Official 1446.6
Treasury Bills 180.2
T-Bonds & Notes 1266.3
The above is what we owed at the end of Oct 2007 to foreign countries.
2.309 TRILLION DOLLARS
December 22nd, 2007 at 9:49 am
MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
(in billions of dollars)
HOLDINGS 1/ AT END OF PERIOD
Oct
Country 2007
——
Japan 591.8
China, Mainland 388.1
United Kingdom 2/ 296.5
Oil Exporters 3/ 130.3
Brazil 112.8
Carib Bnkng Ctrs 4/ 78.1
Luxembourg 70.1
Hong Kong 54.2
Taiwan 53.4
Germany 44.1
Korea 43.3
Singapore 35.9
Mexico 33.2
Switzerland 31.7
Turkey 26.5
Canada 21.4
Thailand 20.0
Netherlands 19.5
Sweden 15.3
Russia 14.9
France 14.7
India 13.7
Italy 13.6
Ireland 13.1
Poland 12.3
Belgium 11.3
Israel 10.2
All Other 139.5
Grand Total 2309.5
Of which:
For. Official 1446.6
Treasury Bills 180.2
T-Bonds & Notes 1266.3
The above is what we owed at the end of Oct 2007 to foreign countries.
2.309 TRILLION DOLLARS