eCONOMIC THEORY

cannabineer

cannabineer

Ursus marijanus
Ok that does it. Thread closed for a spell. I've asked Lifegoesonbrah to stop with the shouting, and now UB is getting Wordzy. I just mopped in here - !! cn
 
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NoDrama

Well-Known Member
RyanTheRhino said:
Most of our countries debt is to the citizens & corporations via goverment bonds. But china makes up a good 1.3 ish trillion

the fed has bought why like 38% of the debt
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They buy 80%....http://www.zerohedge.com/news/bofa-sees-fed-assets-surpassing-5-trillion-2015-leading-3350-gold-and-190-crude

China has $1.15 trillion....http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

The Fed currently holds $1.65 Trillion http://research.stlouisfed.org/fred2/series/TREAST
 
Harrekin

Harrekin

Well-Known Member
Carthoris said:
I like correcting people who say we owe China such and such trillion dollars. It is always funny. The same people usually have never heard of the Federal Reserve.
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China bought so much of your debt that they arnt allowed buy anymore (bout 3 1/2 trillion), and have bought up to 1 trillion via third parties.

So yes, China is the biggest non-American holder of US Treasuries.

Dont like it? Buy them back yourself.
 
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NoDrama

Well-Known Member
Harrekin said:
China bought so much of your debt that they arnt allowed buy anymore (bout 3 1/2 trillion), and have bought up to 1 trillion via third parties.

So yes, China is the biggest non-American holder of US Treasuries.

Dont like it? Buy them back yourself.
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How come you used only 1 fact and 2 lies?
 
Harrekin

Harrekin

Well-Known Member
NoDrama said:
That link agrees with me, not you.

Is the Ron Paul statement some sort of offensive jab at me? If it is, it isn't working in the least.
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That link shows my point that there is no confirmed figure as to the total amount of Treasuries held by China.

It also shows they were discretely buying more than the 35% limit on the total amount of bonds they can buy per auction using third parties.

You fail, just like your Unfitted-Suit wearing (loser) overlord.

At least you and him have that in common I suppose.

You know what Ron Paul won at this year? Losing.
 
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NoDrama

Well-Known Member
Harrekin said:
That link shows my point that there is no confirmed figure as to the total amount of Treasuries held by China.

It also shows they were discretely buying more than the 35% limit on the total amount of bonds they can buy per auction using third parties.
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Did you even read the article?

First you claim they have $3.5 trillion, where is that in the article? Then you said they had an extra $1 trillion from other sources, can you show me where it says this in the article?
The report then goes on to report that now that they have all the info the total figure of treasuries that China holds is $1.1 trillion, which was the number I used.

Why can't you just admit you read the article too quickly, jumped to some conclusions, used erroneous facts and now are trying desperately to not look like a fool.
 
Harrekin

Harrekin

Well-Known Member
NoDrama said:
Did you even read the article?

First you claim they have $3.5 trillion, where is that in the article? Then you said they had an extra $1 trillion from other sources, can you show me where it says this in the article?
The report then goes on to report that now that they have all the info the total figure of treasuries that China holds is $1.1 trillion, which was the number I used.

Why can't you just admit you read the article too quickly, jumped to some conclusions, used erroneous facts and now are trying desperately to not look like a fool.
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Ok so the figure may be suspect, I read it in an article and can't find it now to confirm it so as any good debater I'll concede that point.

However my other points about there being no set figure is correct and about China buying more than their limit using 3rd parties, therefore your "official" figures are also bullshit.

Man enough to concede that?
 
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NoDrama

Well-Known Member
Harrekin said:
Ok so the figure may be suspect, I read it in an article and can't find it now to confirm it so as any good debater I'll concede that point.

However my other points about there being no set figure is correct and about China buying more than their limit using 3rd parties, therefore your "official" figures are also bullshit.

Man enough to concede that?
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Read the article, they have no idea how much the 3rd parties have nor who the 3rd parties are, so whatever the number MIGHT be, it cannot be used. When you know absolutely nothing, you can't make facts out of it.

China owns 1.1 trillion. PERIOD.
 
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Carthoris

Well-Known Member
Harrekin said:
China bought so much of your debt that they arnt allowed buy anymore (bout 3 1/2 trillion), and have bought up to 1 trillion via third parties.

So yes, China is the biggest non-American holder of US Treasuries.

Dont like it? Buy them back yourself.
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Being the top holder and owning all the American debt are completely different things. Buying it back wouldn't be as good as not having to go into debt in the first place.
 
C

Carthoris

Well-Known Member
Harrekin said:
Ok so the figure may be suspect, I read it in an article and can't find it now to confirm it so as any good debater I'll concede that point.

However my other points about there being no set figure is correct and about China buying more than their limit using 3rd parties, therefore your "official" figures are also bullshit.

Man enough to concede that?
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Don't lose sight of why you made a completely false and stupid statement, which was telling me China owned America. It helps when you have some idea what you are talking about before you say it. We owe Japan and Germany almost as much. Even if China is the top foreign owner of US debt, it still means they own far less that Americans and the Federal Reserve do. You learned how to debate from UB, didn't you?
 
Harrekin

Harrekin

Well-Known Member
Carthoris said:
Don't lose sight of why you made a completely false and stupid statement, which was telling me China owned America. It helps when you have some idea what you are talking about before you say it. We owe Japan and Germany almost as much. Even if China is the top foreign owner of US debt, it still means they own far less that Americans and the Federal Reserve do. You learned how to debate from UB, didn't you?
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I never said China owned America you tard, learn who you're debating, I said they owned alot more than the official figure states.

If they've been buying over 35% of the bonds at each auction that means they're buying possibly up to 42% more (if they bought say 50% of each auction in total) than they've stated.

China however could own America if it started dumping treasuries around the Fiscal Cliff or other critical economic times
by driving up interest rates.

Seems like I'm talking to myself surrounding how bond auctions work here, having to explain it constantly.
 
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