| China's military bluster camouflages toothless bite |
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Wednesday, March 10, 2010
A present suplise
6 comments:
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rockville said...
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China recently sold off some of their T-bills, so they're back to #2 now, behind Japan.
The present outrage, although little discussed, is their demand that companies doing manufacturing in China surrender their intellectual property rights. -
3/10/10, 11:02 AM
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Rodger the Real King of France said...
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yup, I did post post that here last week.
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3/10/10, 11:25 AM
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Chuck Martel said...
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The Chinese Type 96 Main Battle Tank is pretty good. Maybe better than the Abrams. And they have the Type 99 coming online also.
I've always figured the ChiComs would use Uighur civil unrest in Xinjiang as a pretext to invade Kazakhstan through the Alataw Pass and seize Kazakh oilfields. -
3/10/10, 11:44 AM
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Anonymous said...
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I was concerned about china until I learned that in fact the Fed, not china or japan buy the most notes. It is just one huge ponzi scheme. China wants their money? fine we will just print more and give it to them. Only thing about this is that it would trigger inflation.
THor~
III -
3/10/10, 12:16 PM
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Kristophr said...
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THor: That's why China is dumping the notes, and why the fed can't sell them.
The Chinese know exactly what a fellow Socialist nation does to anyone stupid enough to save prole money and try to buy stuff with it. -
3/10/10, 2:54 PM
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Opinionated Vogon said...
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"Our mortgage holder"?
Really?
Lets have a closer look at the figures, shall we? First up, what are our assets and liabilities?
Assets: 1/3 of the US belongs to the Federal Government, and it happens to be the parts with an abundance of natural resources. What is 1/3 of US real estate worth? How many trillions?
We have a military as well.. whats the cost of our fully trained and battle hardened military if we had to build it from scratch? Just pricing out the value of a single carrier group in the navy boggles the mind.. billions for the ships, the aircraft, and the training of the personel involved.
How about our interstate highway system that was built on 20¢ a galllon oil? Imagine the cost to build that today?
I'd estimate we have assets greater than 100 Trillion and thats just our public assets, not private.
Okay, how about the liabilities side:
Total Current US debt ~ $12,591,983,371,294.44 with a large part of that being owed to ourselves in the way of Gov IOUs.
Public Debt (what we owe others) ~ $8,149,042,957,194.45.
Of that, China holds roughly $800 Billion of our debt, or about 10% of our total public debt.
So we are a nation that has assets of 100's of trillions and liabilities of less than 9 Trillion and china has less than 10% of that.
Claiming China is our mortgage holder is like saying some pawn shop is your mortgage holder because it holds some paper (not even tangible goods) that accounts for a small fraction of your total debt.
(P.S. I omitted the unfunded liabilities of current - and future *gah* entitlements because they will be defaulted and the courts already ruled the government can legally change the terms) -
3/11/10, 2:35 PM
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