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Yes,of course....there is no other market in the entire world...
Imagine having a billion plus domestic customers for the good you produce?
Nope, can't use that example. The Chinese are prohibited from buying their own goods. I don't know how or why, but they are. Makes me feel better already, knowing that in my fantasy world, they NEED us. They need us, right?
Last edited by summers73; 01-19-2011 at 09:38 AM..
Of the foreign holders of treasury securities, China is the largest, at just over 20%.
Social Security and other domestic entitlements are projections on spending, not actual debt. Of the actual, REAL debt that's held by foreign interests, China owns the most. Not by a lot - Japan is right behind them - but they're still literally at the top of the list.
Actually it doesn't since the Guardian is misstating the Treasury Dept figures which are only looking at foreign holders of treasury securities. The Guardian's table based upon Treasury's figures is only comprised of the total debt held by foreign nations of which the total amounts to $4.3 trillion, of a total national debt of over $14 trillion.
Quote:
Originally Posted by swagger
Of the foreign holders of treasury securities, China is the largest, at just over 20%.
Social Security and other domestic entitlements are projections on spending, not actual debt. Of the actual, REAL debt that's held by foreign interests, China owns the most. Not by a lot - Japan is right behind them - but they're still literally at the top of the list.
Great graph. I think that alot of people are under the impression that China owns a very large share of our debt, which is not true.
Why the concern over China?
1. marked trade imbalances
2. pirating of US patents 3. dumping steel to drive US steel out of buisness
4. exporting of manufacturing jobs to China due to very few, if any regulations, no trial lawyers, and very cheap labor.
5. While having a relatively small componant of US debt, there is concern about the Chinese not buying more US debt in the form of T-bills, driving up interest rates and decreasing the value of the bonds.
6. Consumption of more and more resources, driving up the price of oil and other goods.
7. The Chinese military increase in technology
8. artificial low value for Chinese currency, helping to create trade imbalances- money is power
In case anyone didn't know. There is no steel from the USA anymore. It is bad for the environment (). We get all steel from China and Japan. The husband is in the industry and this fact disgusts him.
In case anyone didn't know. There is no steel from the USA anymore. It is bad for the environment (). We get all steel from China and Japan. The husband is in the industry and this fact disgusts him.
My Uncle worked at a Steel mill in Columbus OH for 12 years, and lost his job because of DUI about 4 years ago.
The mill is still going.
Steel may not be as big in the states as it once was, but there are still active steel mills in these United States.
And don't forget the two huge steel mills down here in Alabama. TK Steel is one of the most sought after jobs in the Mobile AL area.
In case anyone didn't know. There is no steel from the USA anymore. It is bad for the environment (). We get all steel from China and Japan. The husband is in the industry and this fact disgusts him.
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). We get all steel from China and Japan. The husband is in the industry and this fact disgusts him.
