Tough questions?

[Ignatius]

Ignatius;13039121:

Mickey Finn;13037284:

That’s the percent of US dept held by the Chinese.

treasury.gov/ticdata/Publish/mfh.txt

That is Treasure Investment Securities like Treasury Bills, T-Bonds, etc. as sold by Broker-Dealers. It’s like stock buying in a company.

The U. S. debt is $ 17,000,000,000,000.00.

China’s share is 7.6% give or take.

Ok, but the link you posted it’s 7.6% of the Treasure Investment Securities like Treasury Bills, T-Bonds, etc. as sold by Broker-Dealers, that’s not the National Debt.

The U. S. National Debt is $ 17,000,000,000,000.00.

The Government Bonds and the US National Debt are two different things.

 

[Mickey_Finn]

Ok, but the link you posted it’s 7.6% of the Treasure Investment Securities like Treasury Bills, T-Bonds, etc. as sold by Broker-Dealers, that’s not the National Debt.

The U. S. National Debt is $ 17,000,000,000,000.00.

The Government Bonds and the US National Debt are two different things.

Could you explain your definition?

 

[Ignatius]

Could you explain your definition?

Yes, What you linked to here is: treasury.gov/ticdata/Publish/mfh.txt

The definition is actually on this page. If you read the page you linked to, it states that it is Treasury Investment Securities like Treasury Bills, T-Bonds, etc. The footnote on this page says these securities are sold by Broker-Dealers, like buying stocks and bonds.

What I am talking about the The National Debt. The debt is used to calculate the debt to income ration.

Why is this important? Because selling Treasury Bonds, etc. generates income - it goes in the Credits column of a general ledger. Debt goes in the Debts column of the ledger.

You pay interest on debt. The more debt you have, the more you pay in interest to the debt holders. At some point, the amount you owe starts taking off on it’s own so that, even if you balance the budget, the debt would continue grow out of control because you aren’t taking enough in to pay it down. The National Debt has continued to increase an average of $2.12 billion per day. Here is the worksheet doing calculations in real time for the US National Debt.

usdebtclock.org/#

 

[Mickey_Finn]

Yes, What you linked to here is: treasury.gov/ticdata/Publish/mfh.txt

The definition is actually on this page. If you read the page you linked to, it states that it is Treasury Investment Securities like Treasury Bills, T-Bonds, etc. The footnote on this page says these securities are sold by Broker-Dealers, like buying stocks and bonds.

What I am talking about the The National Debt. The debt is used to calculate the debt to income ration.

Why is this important? Because selling Treasury Bonds, etc. generates income - it goes in the Credits column of a general ledger. Debt goes in the Debts column of the ledger.

You pay interest on debt. The more debt you have, the more you pay in interest to the debt holders. At some point, the amount you owe starts taking off on it’s own so that, even if you balance the budget, the debt would continue grow out of control because you aren’t taking enough in to pay it down. The National Debt has continued to increase an average of $2.12 billion per day. Here is the worksheet doing calculations in real time for the US National Debt.

usdebtclock.org/#

Your post doesn’t clear up anything. The link I shared showed what foreign nations held US dept. Earlier you said that China held the lions share of the national dept. You then left me with the impression that you believed there was some other accounting of dept. There isn’t. As we are coming out of a tremendous recession which we ourselves created, and are struggling to pay for two unfunded wars it is no surprise we are carrying a high dept.

 

[Jim_Baur]

I am the OP.

One of my concerns is: Why are the names of the creditors not regularly mentioned in the press?

When the creditors have meetings with the leaders of Germany and France, why are their names and meetings not on the front pages of the of papers?

Who are the individuals representing the creditors?

What are the names of the institutions?

In a publicly head corporation, when they go bankrupt, the creditors or paid first. The stock holders are second or third or none at all. It that the same with the citizens of a country—the actual owners of a country. Do the creditors in fact have more say than the citizen owners?

 

[Mickey_Finn]

I am the OP.

One of my concerns is: Why are the names of the creditors not regularly mentioned in the press?

When the creditors have meetings with the leaders of Germany and France, why are their names and meetings not on the front pages of the of papers?

Who are the individuals representing the creditors?

What are the names of the institutions?

In a publicly head corporation, when they go bankrupt, the creditors or paid first. The stock holders are second or third or none at all. It that the same with the citizens of a country—the actual owners of a country. Do the creditors in fact have more say than the citizen owners?

I don’t know that it matters who the creditors are. When a nation defaults they are pretty much out of luck. Which may be why EU interests have attempted to strong arm Greece into selling off it’s national treasures. They will have a hard time seizing them in lieu of payments.

In Detroit we saw an example of how a government may go bankrupt. All interested parties received a portion of what was owed. Interesting to note the governor appointed emergency manager offered 16 cents on the dollar to pensioners. They stood their ground and ended up losing 4%, and COLA. There is a reason the first word we are taught in NO!

P.S. We know who you are Jim, chime in anytime you wish.

 

[Jim_Baur]

I was just wondering: how much influence the creditors have?

When one borrow for a house or car, the bank dictates a lot of conditions; on a car, fire, theft, and collision insurance. How much more, perhaps, when billions and trillions are at stake?

When I bought my humble little home they said: “New roof, new plumbing or no loan!”

Just writing out loud.

Oh, in fact, Greece is being told what to do about retirement and salaries!

Are we being told in which countries to place our soldiers?

Are we, too, told how much to tax the citizens?

 

[Mickey_Finn]

I was just wondering: how much influence the creditors have?

When one borrow for a house or car, the bank dictates a lot of conditions; on a car, fire, theft, and collision insurance. How much more, perhaps, when billions and trillions are at stake?

When I bought my humble little home they said: “New roof, new plumbing or no loan!”

Just writing out loud.

Oh, in fact, Greece is being told what to do about retirement and salaries!

Are we being told in which countries to place our soldiers?

Are we, too, told how much to tax the citizens?

Good questions. I don’t know.

 

[Jim_Baur]

One of the characteristics of feudalism: It was to supply armies to the ruling powers.

Is America de facto in feudalism, even de jure we are not?

Are we merely the modern day Switzerland–is our army in reality mercenaries.

The Swiss were neutral for a reason–they supplied soldiers.

Now Swiss is a banking center. Do they remain neutral in order to finance nations, armies and the like?

Again, I do not know. I am really curious!