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mosstrooper 02-21-2006 03:35 PM

Who owns this country?
I thought we left after the Boston tea party, but apparently not.

crazygutgut 02-21-2006 04:04 PM

I am much more concerned about this...

from this

The largest buyers of US government debt have been the central banks of the Asia-Pacific. The central banks of Japan and China alone hold more than $1 trillion of US Treasury bonds as foreign currency reserves. Worldwide foreign central banks hold some $1.3 trillion of US government debt. If private debt is added, the United States is the world's largest debtor, with some $3.7 trillion in net foreign debt, as of the start of this year, likely well over $4 trillions by now. In 1980 when Ronald Reagan was elected the US was the world's creditor with a plus of $1 trillion.

Nations depending on the large US export market, recycle their trade surplus dollars back into buying US Treasury debt, to keep their currency fixed to the dollar. Because Japan and China and others continue to buy record sums of US debt, paying with their hard-earned trade dollars, US interest rates can remain far lower than otherwise. Were foreign buying of US bonds to reverse or even slow, the US Treasury would have to offer higher interest rates to lure investors to buy the debt. That would make interest rates on homes more expensive very fast. Millions of homeowners would face default. Prices would collapse in many regions, leading to higher unemployment.

mosstrooper 02-21-2006 04:17 PM

who owns this county?
Now that is really scary.

86078 02-21-2006 04:33 PM

I just hope it's not Dick Cheney...he'll shoot your A** first,ask questions later... ;) ...maybe we should send him after Osama,being that he shoots anything that moves before conferming...Sorry topic...Kimo... :pimp:

Nightfire 02-21-2006 04:44 PM



crazygutgut 02-21-2006 04:53 PM

hey even though we have the ability to spy on 1000's of americans at a time and even though Al-Qaida can get tapes to Al-Jazerrah on a weekly basis, apparently Osama is just to HARD to catch!! And according to bush, he doesnt think that much about him anyways.. Hey W why not ask your saudi friends where he is!!

hey mike :welcome: yeah you can say I'm back, now dont piss me off again!!! :spank:

Nightfire 02-21-2006 05:58 PM

Happy B-day bud :thumbup: aint gettin any younger...


PrimeMover 02-21-2006 07:26 PM

Who owns this country?

The District of Columbia does. I'm buying it though, I'm on the pay-as-you-go plan. I figure I'll have it payed off in a few more million years. I've got a US mortgage burning party planned for the year 2,000,006 and you're all invited RSVP-BYOB, or is that, RIP. :D

I can see Dubya's hard at work trying to wean us off the old foreign oil teat... NOT :mad:

Derkyb 02-21-2006 07:45 PM

Not only are we selling the country were letting the terroist gaurd it. There has got to be a sweetheart deal in there somwhere to let Dubai run our ports. What in the hell is going on? :evil:

WakBordr7387 02-21-2006 10:49 PM

Oh....dear.....god....CGG is back....time to get out the foil hats guys. :P

Off topic but eh what the hell! :D


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