U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 11-20-2010, 06:20 PM
 
Location: California
4 posts, read 7,037 times
Reputation: 14

Advertisements

About seven years ago it was $16 Trillion. About two years ago, it was about $60 Trillion. Now I believe it is close to $100 Trillion. What happens when China says "We want our money?
Rate this post positively Reply With Quote Quick reply to this message

 
Old 11-20-2010, 10:25 PM
 
Location: SoCal, Idaho
3,164 posts, read 9,116,671 times
Reputation: 1639
Los Angeles forum?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-21-2010, 09:37 AM
 
8,265 posts, read 11,227,076 times
Reputation: 4788
From a quick googling, there is approximately 13.7 trillion in treasury debt, of which China is the largest foreign at 847 billion, slightly ahead of Japan who holds 821 billion.

For perspective, this is China's slice:

Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-21-2010, 12:18 PM
 
4,795 posts, read 6,618,125 times
Reputation: 6172
They won't. As long as we keep the doors open and keep importing their stuff to sell at wal-mart and start buying their cars.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-21-2010, 12:31 PM
 
Location: The US of A
253 posts, read 747,463 times
Reputation: 200
Too much.


http://www.youtube.com/watch?v=OTSQozWP-rM
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-21-2010, 12:38 PM
 
Location: Planet Eaarth
8,955 posts, read 18,787,580 times
Reputation: 7193
Quote:
Originally Posted by MultipleProblems View Post
About seven years ago it was $16 Trillion. About two years ago, it was about $60 Trillion. Now I believe it is close to $100 Trillion. What happens when China says "We want our money?
The solution to this is to pay our debtors with worthless inflated dollars just as we are doing now.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-21-2010, 02:23 PM
 
57 posts, read 69,214 times
Reputation: 101
Quote:
Originally Posted by MultipleProblems View Post
About seven years ago it was $16 Trillion. About two years ago, it was about $60 Trillion. Now I believe it is close to $100 Trillion. What happens when China says "We want our money?
We print them up a container ship of crispy $100 bills. Or maybe $1000s if we want to keep the cost of paper and shipping down. It'll tank the dollar exchange rate which will mean we won't be able to buy their not-so-cheap-anymore consumer goods leaving them just about as screwed as us. It's essentially the same thing as "quantitative easing", just on a grander scale. The Fed prints money and buys Treasuries with it. Treasuries are redeemable in dollars only so there's no way we'll ever not be able to "pay up" unless the printing press breaks down.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-21-2010, 03:31 PM
 
2,652 posts, read 8,049,500 times
Reputation: 1904
Quote:
Originally Posted by MultipleProblems View Post
About seven years ago it was $16 Trillion. About two years ago, it was about $60 Trillion. Now I believe it is close to $100 Trillion. What happens when China says "We want our money?
War.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-21-2010, 04:17 PM
 
Location: Planet Eaarth
8,955 posts, read 18,787,580 times
Reputation: 7193
Quote:
Originally Posted by Luke9686 View Post
War.
War is a possibility but it unlikely since all economies are so closely tied together today.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-21-2010, 05:20 PM
 
Location: Conejo Valley, CA
12,470 posts, read 18,234,115 times
Reputation: 4343
$100 trillion? Seriously, where are you guys finding your information? That isn't even close to being accurate.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top