Message from @Nator1ous
Discord ID: 630923814301335642
This is a war
We are never going to pay back chinor
China could ask for it any day and if we don't pay it that our credit rating goes down
That's not how it works
Use credit karma
That is how it works
China isn't ever getting their money back
it's not even that much money either
almost all of our debt we owe to ourselves
Do you know what happened in Greece?
GG @Svea Rike, you just advanced to level 4!
Greece-oof
china never lent us money, they only purchased some of our own debt
a small amount mind you
only about 2 trillion or so
We are our own primary creditor
because of the jacked up federal reserve system
where we borrow money from ourselves
The U.S. debt to China is $1.11 trillion as of May 2019. That's 27% of the $4.1 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $22 trillion national debt is owned by either the American people or by the U.S. government itself.
so even less than 2 trillion
literally nothing
War with china is inevitable
China has held more than $1 trillion in U.S. debt every year since 2010. That's when the U.S. Department of the Treasury changed how it measures the debt
China's position as America's largest banker gives it some political leverage. Now and then, China threatens to sell part of its debt holdings. It knows that if it does, U.S. interest rates would rise, slowing U.S economic growth. China often calls for a new global currency to replace the dollar, which is used in most international transactions. China does this whenever the United States allows the value of the dollar to drop. That makes the debt China holds less valuable.
And your point is?
We are enemies with china
And you even say yourself that the debt china holds is less valuable
Are we really enemies with china?
Yeet
Yeah
Pretty much
Why?
You can't say on the one hand sign is not a threat because of a debt and then say on the other hand it is.
If you believe it is a threat to US... You must be a distraught that Trump was on the phone trying to get dirt on biden them with their leader. his priorities are not the priorities of America
China is our primary enemy
the debt isn't a threat to us
Chinese don't want to go to war with the US
Biden will cripple America and replace the traditional us values
They don't want to because they are slowly taking over without fighting