Since China owns most of the USA's debt how long will it be before Obama has US money printed in China?
Such outsourcing would make printing US money cheaper. Just imagine the American dollar bill with a Made in China label. Actually, I do know how much debt is held within the USA. The question was designed to elicit emotional responses from the community. I find many answerers answer based on emotion rather than facts. That is why I rarely believe anything generate via the media.
Politics - 8 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Actually China only owns less then 7% of America's debt
2 :
Probably after he gives them 4 or 5 of the states.
3 :
Gosh - another stupid right wing lie..... I wonder where you came up with this one.... could it be...... FOX FAKE "News"?
4 :
Not actually a fair question considering that Bush rang up 80% of the current debt. But don't worry about the facts. I can't wait until all this China fear is replaced by something else. That's the great thing about being in my 30s. I'm old enough to remember when everything they are saying about the Chinese was said about the Japanese. (Japan is going to own the US in three years. They outwork us! They have more money!)
5 :
US investors and other US government agencies hold most of the US debt. although in 2017, or a bit later, the surplus that the boomers have been paying into Social Security will start needing to be paid back - and that money will likely have to be borrowed elsewhere...maybe...
6 :
To say that China owns 'most' of the US debt is not accurate. China is indeed the largest debt holder of the US public debt but in reality China owns only about 10% of the total.
7 :
Since you are dumb enough to not know that US residents own most US debt there is no answer for you.
8 :
In 1913, on December 23, in a hastily organized meeting of Congress, a handful of Senators and members of the House, all backed by the private banking interests who would eventually own the Federal Reserve, passed the Federal Reserve Act. On December 24, while most Americans were celebrating the holiday season, Woodrow Wilson, another bankster stooge, signed the act into law. This act removed the right to print and issue U.S. currency from the Treasury Department (i.e., the American people) and gave it to the Federal Reserve. Who owns the Federal Reserve? 1. The Rothschilds 2. Lazard Freres (Eugene Mayer) 3. Israel Sieff 4. Kuhn Loeb Company 5. Warburg Company 6. Lehman Brothers 7. Goldman Sachs 8. The Rockefeller family and J.P. Morgan interests This list was supposed to be kept secret until R.E. McMaster, publisher of the newsletter "The Reaper" discovered, through confidential Swiss banking connections, the real list of owners. Did you know that the FED is the only for-profit corporation in America that is exempt from both federal and state taxes? As a result he FED takes in about one trillion dollars per year tax free! So the answer to your question: your question is irrelevant as the president has no power over our banking system. But I give you an "A" for an uneducated effort.
