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To put China's ownership of U.S. debt in perspective, its holding of $1.2 trillion is even larger than the amount owned by American households. U.S. citizens hold only about $959 billion in U.S. debt, according to the Federal Reserve. Other large foreign holders of U.S. debt include Japan, which owns $912 billion; the United Kingdom, which owns $347 billion; Brazil, which holds $211 billion; Taiwan, which holds $153 billion; and Hong Kong, which owns $122 billion.
Originally posted by BIHOTZ
I think the US did this so as to not have to nationalize it. Spain just nationalized its 4h largest bank. The US would probably look better if the Chinese took it over rather than have the government take it over.
EDIT:
Here is a link to the thread I made about Spain's nationalization of a huge bank.
www.abovetopsecret.com...
edit on 10-5-2012 by BIHOTZ because: (no reason given)
The transaction will make ICBC the first Chinese state-controlled bank to acquire retail bank branches in the United States.
Originally posted by Dustytoad
Originally posted by headorheart
First off, your title is condescending. On topic, I don't really know how I feel about this yet. I think this is going to be one of those things, as least for me, that we will have to wait and see how it goes. Like FissionSurplus mentioned, I don't really trust them, but I don't really trust out government either. I'll just have to wait and see how things pan out, I guess.
Nothing there that is condescending my friend...
Though you did just show your hand..
Judge not, lest ye be judged, my brother.
China would have creeped me out back in the day when I thought three letters, U. S. A. , meant something.
After a period of nationwide expansion, including the acquisition of many smaller banks, the name Midland Bank Ltd was adopted in 1923. By 1934 it was the largest deposit bank in the world. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but in 1992 it was taken over by HSBC Holdings plc.
Originally posted by Wide-Eyes
reply to post by KnightFire
Paranoia much, see my post above.
I think you have enough worries from your own government/banks, nevermind the Chinese.
edit on 10-5-2012 by Wide-Eyes because: (no reason given)
Originally posted by TinkerHaus
You're all freaking out over normal everyday strong financial partnership stuff.
China also pretty much bought a mountain in Nevada, Mount Hope, a few years ago. It stands to be the biggest producer of molybdenum by 2015. I bought a bunch of it, let's see if it makes me rich.
Don't panic, ride the wave. You guys are silly.
edit on 10-5-2012 by TinkerHaus because: (no reason given)
Originally posted by KnightFire
It's more fun to freak out over this, then it is over Obama supporting gay marriages.
Originally posted by BIHOTZ
I think the US did this so as to not have to nationalize it. Spain just nationalized its 4h largest bank. The US would probably look better if the Chinese took it over rather than have the government take it over.
EDIT:
Here is a link to the thread I made about Spain's nationalization of a huge bank.
www.abovetopsecret.com...
edit on 10-5-2012 by BIHOTZ because: (no reason given)
Originally posted by Wide-Eyes
reply to post by KnightFire
Very true, I just wanted to show some facts. 20 years with a banking giant from China and no Chinese bases etc in the country. Don't get me wrong, I detest big banks but we all know that 99% are criminal in their actions and it takes a motivated person to find the ones that aren't corrupt. I am not motivated.
Conversation is always good.