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Originally posted by Trolloks
A comunist taking over america by the use of capitalism, ironic.
Originally posted by tw0330
The Chinese can not own land in China outright, but so instead they are purchasing land here in the United States.
And how are they finding the land to buy?
By using United States Banks and the IRS to find land that was foreclosed on or was taken by the government because they couldn't afford the property tax in a tough economy or a year of bad crops.
Originally posted by dorkfish87
Isn't a majority of the us debt owed to china anyway? I wonder what collateral the us gov't used on these debts
CHINA--Total Holdings of Treasuries: $1.16 trillion Percent of US Debt that they own: 8% Read more: www.businessinsider.com...-15#ixzz1uU3dIuzb
Here's the big idea: Many people — politicians and pundits alike — prattle on that China and, to a lesser extent Japan, own most of America's $14.3 trillion in government debt. But there's one little problem with that conventional wisdom: it's just not true.[/]
While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's really Americans who hold most of America's debt. Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:
Hong Kong: $121.9 billion (0.9 percent) Caribbean banking centers: $148.3 (1 percent) Taiwan: $153.4 billion (1.1 percent) Brazil: $211.4 billion (1.5 percent) Oil exporting countries: $229.8 billion (1.6 percent) Mutual funds: $300.5 billion (2 percent) Commercial banks: $301.8 billion (2.1 percent) State, local and federal retirement funds: $320.9 billion (2.2 percent) Money market mutual funds: $337.7 billion (2.4 percent) United Kingdom: $346.5 billion (2.4 percent) Private pension funds: $504.7 billion (3.5 percent) State and local governments: $506.1 billion (3.5 percent) Japan: $912.4 billion (6.4 percent) U.S. households: $959.4 billion (6.6 percent) China: $1.16 trillion (8 percent) The U.S. Treasury: $1.63 trillion (11.3 percent) Social Security trust fund: $2.67 trillion (19 percent)
So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.