Originally Posted by firefly123

At that point would we not see a mass reset and damn the Chinese etc? The yanks will just hit ctrl-alt-del on their debt and who's going to stop them? Or maybe we are all screwed what would I know

China only owns about 10% of US debt. The vast majority is owned by pension funds and the US people themselves. Quiet inflation is the reset button.

Originally Posted by seabhcan

China only owns about 10% of US debt. The vast majority is owned by pension funds and the US people themselves. Quiet inflation is the reset button.

Not sure, I think that figure may be a bit higher these days. Japan also own a significant amount.

Look at me! Look at me! Look at me! Look at me! Look at me! Look at me! Look at me! Look at me!

Originally Posted by seabhcan

Quiet inflation is the reset button.

Printing so much cash, how quiet do you think it will be ?

Goldman Sacks will benefit if the USA goes bang

did they do the same with Greece

Originally Posted by henryhill

Not sure, I think that figure may be a bit higher these days. Japan also own a significant amount.

http://www.treasury.gov/resource-cen...uments/mfh.txt

$5 trillion of US government debt is held by foreign nations (overall American government debt = $15 trillion).
China holds about €1 trillion of this debt as do Japan.
The rest of the world and their holdings of American debt are listed above.

$6.3 trillion of US government debt is held by the US Federal bank and intragovernment US agencies.

Originally Posted by commonman

Does Enda know this is going to happen, hope he has a plan for us .

Inda knows what Inda’s handlers tell him, subject to EU approval of course.

The real question is weather or not the war will happen before the collapse or after. Wars have a funny way of curing the US economy and bringing it back from the brink.

Originally Posted by kkkkkkkkkk

click on link

David McWilliams » America – the world’s largest emerging market?

big prediction by McWilliams

but he has been correct before, you know !


The financial markets know about this conflict at the heart of the US establishment. Therefore, this all reminds me of the Irish property market when, the more money that was pumped in, the more the “trapped bulls” who owned property used the new liquidity to justify the mad valuations and prices.

Yet, the more the bubble was blown up by new money, the more the crash became inevitable. When the US bond market blows, the European crisis will seem like a skirmish.
Hold on to your seats.


this is good, very educational

David McWilliams » Punk Economics – Lesson 3

Is Ditzy David not proposing some kind of Bond Guarantee Scheme?

[QUOTE=gerhard dengler;5143953]http://www.treasury.gov/resource-cen...uments/mfh.txt

According to that list we hold 81 billion of its debt.How and why is this so high?Fingers crossed McW is a few years off with this as I don't see us being top of their pay back list.