Here's what China can buy with their $3 trillion stash

It's scary really.

Here's what China can buy with $3 trn forex

At the end of March 2011, China's foreign exchange reserves scaled a new peak. They shot past $3 trillion (about Rs 135 trillion!).

And despite the fact that China showed a trade deficit in the first quarter of the fiscal year 2011, the Chinese central bank figures reveal that its forex reserves touched the gargantuan figure of $3.0447 trillion.

2)China could buy all of the outstanding sovereign debt of Spain, Ireland, Portugal and Greece, solving the euro area's debt crisis in a trice, says The Economist.

Not only that but owning Europe.

3)Instead of buying up debt, China can buy equity. Meaning, instead of putting most of its reserves into US government securities, China could instead go on a shopping spree in the corporate world.

It can gobble up Apple, Microsoft, IBM and Google for less than $1 trillion. By buying all the major corporations, it can dictate terms and prices to the world.

5)Rich love buying property, and nobody is richer than China -- at least in terms of the foreign exchange reserves it sits on. . so it can acquire hot property.

China can buy all of Manhattan, calculated The Economist. The island's taxable real estate is worth only $287 billion, according to the New York City government.

The properties of Washington, DC, are valued at just $232 billion. China can go from being America's banker to its landlord, The Economist said.

6)Three trillion dollars would buy about 88 per cent of 2011's global oil supply, says The Economist.

China can buy up all the oil, raise the prices and enjoy the profits.

Like buying at 110$ a barrel and saying... want oil? I'm selling it for 200-300$ a barrel depending on who you are...

7)It would take only $1.87 trillion (at 2009 prices) to buy all of the farmland (and farm buildings) in the United States.

If China acquires all the agriculture farms and farm buildings, it can easily control the world's food prices, as America is the biggest exporter of food products, according to The Economist

That would be insane... but most likely wouldn't be able to do so because of laws... but China could set up lots of front companies, just like the CIA does and buy all of it.

8)China could theoretically buy America's entire Department of Defence, which has assets worth only $1.9 trillion, according to its 2010 balance sheet, says The Economist.

Most of this amount would actually be able to buy all the land, buildings and investments made by the US Department of Defence. The entire armament -- guns, tanks and other military apapratus -- is valued at $413.7 billion, says The Economist.

Now that's funny.

Also not in this list : bribe politicians to sell out America.

That's a lot of money... And this is ``just`` $3 trillion... the US runs deficits of $1.6 trillion + A YEAR... and is $14.280 trillion in debt!

Now you have an idea of how much you're in the red... and how much China can do with that money.

EDIT : A little precision... That is not the US debt they own. That is FOREIGN CURRENCY... that means they have it ON HAND... RIGHT NOW... And they can use it whenever they want.

reply to post by Vitchilo


Explanation: S&F!

Personal Disclosure: I'm reserving my comments for the moment and just bumping this for justice!

P.S.

Thanks for posting I've been wondering what this!

lol

It may be time to invest in some Rosetta Stone's Chinese software right about now.

Pfff...Like they will ever see that money. We will start a war with them and wipe the debt.
We got it like dat!

boy they are going to be pissed when those treasuries lose a large chunk of value.

Well we knew China was loaded but this is a bit much. Luckily, in 2012 doomsday is coming so we shouldn't have to worry much about this.

Right?

Star and flag also.....

I was thinking what they could buy,if the dollar was worthless.................

reply to post by Vitchilo


What China can afford and what China can buy are two different things, I believe. That is, if it's not for sale to China, it cannot be bought by China.

China won't be able to afford a loaf of bread with that $3 trillion knowing how the Fed is printing money and destroying the dollar.

Another line.

reply to post by daynight42

What China can afford and what China can buy are two different things, I believe. That is, if it's not for sale to China, it cannot be bought by China.

What they are buying is US LAND! With the Food Safety Modernization Act set to drive US farmers off the land in 2012 and the housing market collapse all that nice rich farmland will be for sale CHEAP.

"At a recent ceremony at the White House, Vice President and presidential candidate Al Gore let slip what many have long believed was his real intention as regards to U.S. agriculture.

"While presenting a national award to a Colorado FFA member, Gore asked the student what his/her life plans were. Upon hearing that the FFA member wanted to continue on in production agriculture, Gore reportedly replied that the young person should develop other plans because our production agriculture is being shifted out of the U.S. to the Third World." showcase.netins.net...

American Farmland must have been part of the deal Clinton made with China when he sold the USA out.

Justice Department Investigation

• Overview: In late 1996, a Justice Department task force started investigating allegations of campaign fund-raising abuses by the Clinton reelection campaign. Critics accused Attorney General Janet Reno of botching the investigation and demanded that she appoint an independent counsel.....

Huang to Offer Guilty Plea
May 26, 1999
The Justice Department announced that John Huang has agreed to plead guilty to a single felony charge as part of an agreement that legal sources said promises that he will not be prosecuted in connection with his fund-raising for President Clinton.

Tried to Plead Guilty
May 22, 1999
Controversial fund-raiser Yah Lin "Charlie" Trie entered into a plea agreement with the Justice Department, winning leniency in exchange for telling all in an investigation of improper campaign contributions originating in China.

Not Chinese Agent, Chung Says
May 12, 1999
Former Democratic fund-raiser Johnny Chung told a congressional committee that he received $300,000 from a Chinese general interested in influencing the 1996 presidential election. But he insisted that he "never acted as an agent for the Chinese government."

You can read the rest HERE: www.washingtonpost.com...

Clinton set up the present economic mess ON PURPOSE with the ratification of WTO, NAFTA, entry of China into the WTO, The “Freedom to Fail” 1996 Farm bill. He even admits it!

Today's global food crisis shows "we all blew it, including me when I was president," by treating food crops as commodities instead of as a vital right of the world's poor, Bill Clinton told a U.N. gathering on Thursday. UNITED NATIONS, Oct. 23, 2008

President Bill Clinton... publicly apologized last month for forcing Haiti to drop tariffs on imported, subsidized US rice during his time in office. The policy wiped out Haitian rice farming and seriously damaged Haiti’s ability to be self-sufficient. www.democracynow.org...

Clinton's signing of laws that repealed the McFadden Act of 1927, the Glass-Steagall Act of 1933 and the Bank Holding Company Act of 1956 lead to the Formation of Mega Banks. He is also responsible for the Housing and Community Development Act of 1992 and the Commodity Futures Modernization Act of 2000 that was responsible for marginal mortgage loans doomed to fail and the unregulated CDSs used to insure the banks against foreclosure.

The housing market collapse lead to a drastic drop in land prices and no buyers. It is absolutely NO coincidence that the Food Safety Modernization Act of 2010, guaranteeing the loss of America's independent farmers and Obamacare containing the 1099 change severely hampering small business growth and formation were just passed.

The idea is to force farmers to sell their land at rock bottom prices because they can no longer afford to keep the land or keep farming. 40% of the USA is rich farm land. Most pays low property taxes. If farmers can not farm they can not afford the taxes. If they do try to keep farming they will lose the land to fines by the US government.

To give you an idea of what farmers are facing in 2012, this is from HR 875.and is cut and paste directly from HR 875 with nothing added.

Civil Penalty
(A) IN GENERAL- Any person that commits an act that violates the food safety law (including a regulation promulgated or order issued under the food safety law) may be assessed a civil penalty by the Administrator of not more than $1,000,000 for each such
B) SEPARATE OFFENSE- Each act described in subparagraph (A) and each day during which that act continues shall be considered a separate offense.

Criminal Sanctions-
(1) OFFENSE RESULTING IN SERIOUS ILLNESS- Notwithstanding section 303(a) of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 333(a)), if a violation of any provision of section 301 of such Act (21 U.S.C. 301) with respect to an adulterated or misbranded food results in serious illness, the person committing the violation shall be imprisoned for not more than 5 years, fined in accordance with title 18, United States Code, or both.
(2) OFFENSE RESULTING IN DEATH- Notwithstanding section 303(a) of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 333(a)), if a violation of any provision of section 301 of such Act (21 U.S.C. 331) with respect to an adulterated or misbranded food results in death, the person committing the violation shall be imprisoned for not more than 10 years, fined in accordance with title 18, United States Code, or both.
... each food production facility to have a written food safety plan that describes the likely hazards and preventive controls implemented to address those hazards;

include, with respect to growing, harvesting, sorting, and storage operations, minimum standards related to fertilizer use, nutrients, hygiene, packaging, temperature controls, animal encroachment, and water

include, with respect to animals raised for food, minimum standards related to the animal's health, feed, and environment which bear on the safety of food for human consumption

Over 40% of the US land mass is farmland, Clinton and his buddies have other plans for it.

Think I am nuts? google - china buying US land

This is a sample of what you will find.

top Communist Party research chief said Thursday that China should buy gold and U.S. real estate rather than Treasurys, according to a Reuters report.

To Chinese firms U.S. is a bargain

States aggressively woo manufacturers. Lower electricity and land costs can offset a higher labor tab.


Liu Keli couldn't tell you much about South Carolina, not even where it is in the United States. It's as obscure to him as his home region, Shanxi province, is to most Americans.

But Liu is investing $10 million in the Palmetto State... articles.latimes.com...

if americas stuff is only worth so much how can they be that far in debt? hmmmm
naughty corrupt mutts

Originally posted by BLKMJK
Pfff...Like they will ever see that money. We will start a war with them and wipe the debt.
We got it like dat!

That is not the US debt. That is FOREIGN CURRENCY... that means they have it ON HAND... RIGHT NOW... And they can use it whenever they want.

reply to post by Vitchilo


Do you think it is the bankers or just the Chinese that know what they are doing?

Originally posted by tooo many pills
reply to post by Vitchilo

 

Do you think it is the bankers or just the Chinese that know what they are doing?

China could certainly go rogue, turn nationalistic and tell the bankers to bug off. Once they get more powerful, I bet it will cross their mind...and will probably do it.

China has been there for 5000 years... the western ``elite`` as we know it today, for less than 300 years... so the Chinese aren't impressed... not by a long shot.

reply to post by Vitchilo


My first thought was that, that sounds exactly how a future world war could start. But history has shown that the bankers always get what they want eventually. And not to go off topic because obviously the Chinese are going to spend most of that $3 trillion to better their people's energy, food, corporations, and military needs against the rest of the world's needs, but would they really turn on the bankers? They have been built from the ground up since 1978, and once they got China up and running in the early 90's and England released Hong Kong back to the Chinese in 1997 they have been on an unprecedented economic tear. Would they really nationalize after all they have been given and worked for? Their government has a tight control over everything, making you think that if anyone were to oppose the bankers it would have been the so called "free society" of the West, but maybe the tight control of the Chinese government would be the ones to actually try to accomplish it since they have been around for 3000+ years, though their current leadership is relativity new. If they were to try to break away it would almost certainly be after they have passed the U.S. in economic royalty, which everyone knows is right around the corner.

Anyway good thread, the amount of wealth the Chinese have accumulated off selling us tons and tons of the cheap and basically worthless crap that our society craves is astonishing, and it's basically impossible to say what their actual plan is but I can guess it involves owning us.

Jack Bauer warned us. )
2nd.. money buys everything

It SOUNDS like China could buy all this stuff, but as soon as they started making the purchases, liquidity would flood the market in the regions where the purchases were made, thus devaluing their purchasing mechanism.

In short, they wouldn't be able to get nearly as much as they think they would. Prices would begin to skyrocket as they started making purchases.

Don't fear.

Originally posted by 30_seconds
It SOUNDS like China could buy all this stuff, but as soon as they started making the purchases, liquidity would flood the market in the regions where the purchases were made, thus devaluing their purchasing mechanism.

In short, they wouldn't be able to get nearly as much as they think they would. Prices would begin to skyrocket as they started making purchases.

Don't fear.

Or you know, they could set up front corporations and buy everything under the radar. It would take years, but they would be able to do so. And they just have to bribe the regulators to keep quiet, and there ya go.

Originally posted by Vitchilo

Originally posted by BLKMJK
Pfff...Like they will ever see that money. We will start a war with them and wipe the debt.
We got it like dat!

That is not the US debt. That is FOREIGN CURRENCY... that means they have it ON HAND... RIGHT NOW... And they can use it whenever they want.

I was JOKING...that means I WASN'
T BEING SERIOUS