Belly's daily question 04-03-2020?

Belly35 Elderly Intellectual

10,015 posts 56 reps Joined Nov 2009

Fri, Apr 3, 2020 8:08 AM

Should US Federal Government put a hold/sees of 1.11 trillion debt to China to offset the Federal Government COVID -19 Stimulus Package and future Stimulus assistants?

Would this decrease the burden on the American Taxpayer in the future?

China had invested many billions in American Treasury Bonds. So that means they collect regular interest payments from US government, just like any other bond holder. Chinese hold about 8% of the US debt. US owes $1.11 trillion to China, making it the largest foreign lender.

Belly35 Elderly Intellectual

10,015 posts 56 reps Joined Nov 2009

Fri, Apr 3, 2020 10:03 AM

Should I make the question simple and less cognitive thinking....

Spock Senior Member

5,271 posts 9 reps Joined Jul 2013

Fri, Apr 3, 2020 10:25 AM

Well you did post 2 questions.

Should US Federal Government put a hold/sees of 1.11 trillion debt to China to offset the Federal Government COVID -19 Stimulus Package and future Stimulus assistants? Sure, tell them to eat it on the interest.

Dr Winston O'Boogie Senior Member

3,345 posts 35 reps Joined Oct 2010

Fri, Apr 3, 2020 12:29 PM

Let's remember that we climbed into bed with the Chinese, not the other way around. We provided the opening for their economy and now we rely on China for much of our economy. This isn't the USSR in the cold war days when we didn't have any meaningful economic exchange with them. We have poured our businesses into China with abandon and now we get to shop at Walmart. Yes, they depend upon us. But we equally depend upon them for the time being. So no one is in a position of leverage right now. This is the bed we made. Hopefully this episode will lead us to repatriate some of our industry if possible. That would be a much better way to stick it to China.

Belly35 Elderly Intellectual

10,015 posts 56 reps Joined Nov 2009

Fri, Apr 3, 2020 2:00 PM

posted by Dr Winston O'Boogie
Let's remember that we climbed into bed with the Chinese, not the other way around. We provided the opening for their economy and now we rely on China for much of our economy. This isn't the USSR in the cold war days when we didn't have any meaningful economic exchange with them. We have poured our businesses into China with abandon and now we get to shop at Walmart. Yes, they depend upon us. But we equally depend upon them for the time being. So no one is in a position of leverage right now. This is the bed we made. Hopefully this episode will lead us to repatriate some of our industry if possible. That would be a much better way to stick it to China.

Agree... However, This Global Pandemic (I use the term Global because Liberal and Democrats squirts when Global is mentioned" which China has clearly accelerated it spread by their action and deception. Should China in someway be held economical responsibility to America and the potential economic burden our citizen, industry, private owner and the state, local and the federal government have to endure. Should China continue to receive interest on debt in this time of the pandemic.

Dr Winston O'Boogie Senior Member

3,345 posts 35 reps Joined Oct 2010

Fri, Apr 3, 2020 2:19 PM

posted by Belly35
Agree... However, This Global Pandemic (I use the term Global because Liberal and Democrats squirts when Global is mentioned" which China has clearly accelerated it spread by their action and deception. Should China in someway be held economical responsibility to America and the potential economic burden our citizen, industry, private owner and the state, local and the federal government have to endure. Should China continue to receive interest on debt in this time of the pandemic.

Until we untangle ourselves from Chinese industry, we do not have the ability to unilaterally punish China financially. If we were do do what you're saying, China could retaliate by means of selling off our debt in bulk and thereby depress it's worth, they could cut off our supply chains of crucial industries including medicine, etc.

QuakerOats Senior Member

11,701 posts 66 reps Joined Nov 2009

Fri, Apr 3, 2020 2:56 PM

After re-shoring our critical industries, tell the commies they can take the $1.2 trillion in US bonds and burn them for heat; we aren’t paying it back!! Fuck China.

Belly35 Elderly Intellectual

10,015 posts 56 reps Joined Nov 2009

Fri, Apr 3, 2020 3:49 PM

posted by Dr Winston O'Boogie
Until we untangle ourselves from Chinese industry, we do not have the ability to unilaterally punish China financially. If we were do do what you're saying, China could retaliate by means of selling off our debt in bulk and thereby depress it's worth, they could cut off our supply chains of crucial industries including medicine, etc.

Most likely you are correct However if all other Nations took the same directive of holding interest payment to China or even a majority of Nation. China could not retaliate : ' China you have been weighed, you have been measured and you have been found wanting”

Belly's daily question 04-03-2020?

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