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Old 08-02-2020, 07:18 AM
 
Location: Midwest
38,496 posts, read 25,835,417 times
Reputation: 10789

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Thanks trump! US debt to China went up as we borrowed from them yet again due to our 2020 great recession. Is this trump's idea of MAGA? China could retaliate by dumping its holdings of US government debt.


China bought more US debt in May despite talk of financial war amid rising trans-Pacific tensions

Quote:
China modestly increased its holdings of US Treasury securities in May, the first in three months, despite rising trans-Pacific tensions and growing talk of a financial war between the world’s two largest economies.


China added US$10.9 billion of US Treasury securities in May from a month earlier, after cutting its holdings in each of the previous two months, according to a report released by the US Treasury Department last week

https://finance.yahoo.com/news/china...093000707.html
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Old 08-02-2020, 11:15 AM
 
Location: Wisco Disco
2,144 posts, read 1,212,102 times
Reputation: 3022
Wasn't Trump floating the idea of cancelling the debt held be China due to c19? Like loading up your cc cards before filing bankruptcy. At least we have experience at the helm.
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Old 08-02-2020, 11:26 AM
 
Location: Arizona
6,105 posts, read 2,731,285 times
Reputation: 5885
Quote:
Originally Posted by ManApplet View Post
Wasn't Trump floating the idea of cancelling the debt held be China due to c19? Like loading up your cc cards before filing bankruptcy. At least we have experience at the helm.
Trump is the king of bankruptcies so he would know.
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Old 08-02-2020, 11:31 AM
 
12,265 posts, read 6,478,891 times
Reputation: 9440
We needed the money to give to farmers who can no longer sell their crop to China. Makes sense to me.
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Old 08-02-2020, 11:55 AM
 
Location: Wisco Disco
2,144 posts, read 1,212,102 times
Reputation: 3022
Quote:
Originally Posted by gmagoo View Post
We needed the money to give to farmers who can no longer sell their crop to China. Makes sense to me.
China lifted their tariff when grain got down to 75% and got a huge discount on their big annual purchase. We paid tariffs on our end to finance the money handouts to help the farmers not enough. who won this?
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Old 08-02-2020, 12:00 PM
 
34,300 posts, read 15,668,712 times
Reputation: 13053
Quote:
Originally Posted by jojajn View Post
Thanks trump! US debt to China went up as we borrowed from them yet again due to our 2020 great recession. Is this trump's idea of MAGA? China could retaliate by dumping its holdings of US government debt.


China bought more US debt in May despite talk of financial war amid rising trans-Pacific tensions




https://finance.yahoo.com/news/china...093000707.html
China bought it according to your link or do you disagree with your own link ?

Its called trade !!! We sell and someone buys !!!

Actually the more China buys the more grip we have on them !!!
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Old 08-02-2020, 12:08 PM
 
Location: Was Midvalley Oregon; Now Eastside Seattle area
13,080 posts, read 7,527,706 times
Reputation: 9814
If I was China, I'd be doing some selling of USD and buying GLD and gold. Can't do this all at once, but in very careful,
& measured quantities.
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Old 08-02-2020, 01:15 PM
 
46,307 posts, read 27,131,867 times
Reputation: 11135
Quote:
Originally Posted by Trueguy58 View Post
Trump is the king of bankruptcies so he would know.



Less than 10, is owner or part owner of over 500+ businesses....


Can you do the math? Better yet, tell us how many types their are and tell us what each one does.
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Old 08-02-2020, 01:16 PM
 
Location: Columbia, SC
37,195 posts, read 19,232,404 times
Reputation: 14919
Quote:
Originally Posted by gmagoo View Post
We needed the money to give to farmers who can no longer sell their crop to China. Makes sense to me.
At least we're avoiding becoming Socialist.
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Old 08-02-2020, 07:16 PM
 
Location: Boston, MA
3,973 posts, read 5,777,075 times
Reputation: 4738
Quote:
Originally Posted by chucksnee View Post
Less than 10, is owner or part owner of over 500+ businesses....


Can you do the math? Better yet, tell us how many types their are and tell us what each one does.

Trump could own only 2-3 businesses for all that matters but more than one bankruptcy is a disgrace, one is bad enough.
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