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ORIGINAL: Musicmystery

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ORIGINAL: servantforuse

Bernie has 3 homes. His newest is the smallest.

Bernie's a good man. He deserves it. I glad he's doing well.

I have two homes. I'd like to get a third in the Adirondacks.

And a fourth in a warm/tropical area, but my partner and I don't agree on where. She likes Florida, and I'd prefer San Diego or the Virgin Islands (or something like them).

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ORIGINAL: BoscoX

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ORIGINAL: Musicmystery

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ORIGINAL: servantforuse

Bernie has 3 homes. His newest is the smallest.

Bernie's a good man. He deserves it. I glad he's doing well.

I have two homes. I'd like to get a third in the Adirondacks.

And a fourth in a warm/tropical area, but my partner and I don't agree on where. She likes Florida, and I'd prefer San Diego or the Virgin Islands (or something like them).

Every communist like Crazy Uncle Bernie should have to practice what they preach. Rip everything he owns out from under him except for a shit hole apartment and $200 a month for expenses, which would be better than what average Joes have it under the system he wants for the everybody else

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ORIGINAL: Musicmystery

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ORIGINAL: AtUrCervix

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ORIGINAL: Musicmystery

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ORIGINAL: MercTech

Beware of picking on China; they own us.
China holds the notes on the majority of our national debt.
China has taken over being the manufacturing center for the world and most of what we have is built with Chinese made parts if not totally made in China or made by a Chinese manufacturing partner.
7 out of 10 Chevrolet cars are made in China. Nissan and Toyota make more cars in the U.S. than GM these days.

Well not quite. The majority of the national debt is held by US citizens and institutions (which is why defaulting, as some fantasize, would not only be a trade disaster, but would also bring domestic economic havoc).

Of foreign investors, China is the next largest US debt holder, followed by Japan, Belgium, the Caribbean banking centers, and oil exporters.

I'm not sure why exactly but, every economist always says "but that's different debt"...maybe because as a local...you only own 20 or 200K in debt....sovereigns own billions so...when they sell...it makes a dent.

It is different debt but that's not why -- a sizable chunk is held by US government agencies. If you take that out, the remainder gives you different numbers, obviously. But it doesn't change the point we were discussing: US citizens still own the government agencies collectively, and their loss would fall on us collectively. And private US citizens and institutions still hold a large chunk of that US debt.

Foreign nations (total) still hold only 32.5% of the national debt.