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Originally posted by TinkerHaus
reply to post by BStoltman
I'm sorry to ask this but can someone please explain the video in enough detail that those of us who cannot watch it immediately know what this is about?
I'm at work, I could watch the video but I didn't bring headphones today and can't listen.
Thanks!
Originally posted by BStoltman
Exact Words of the video:
Bejing, China
2030 AD
*Chinese Professor speaks*
"Why Do great nations fail?"
"The ancient greeks..."
"The roman Empire..."
"The British Empire..."
"and the United States of America."
"They all make the same mistakes"
"turning their back on the principles"
"that made them great."
"America tried to spend and tax itself"
"out of a great recession"
"Enormous so-called "stimulus spending"
"massive changes to health care"
"goverment takeovers of private industies"
"and crushing debt"
"of course, we own most of their debt..."
*Laughs*
"So now they work for us."
*Laughs*
Narrator:
"You can't change the future, You have too"
"Join Citizens Against Government waist to stop the spending that is bankrupting America!"
Originally posted by TinkerHaus
reply to post by BStoltman
I'm sorry to ask this but can someone please explain the video in enough detail that those of us who cannot watch it immediately know what this is about?
Originally posted by BStoltman
reply to post by spw184
Lol... You may be right, but I also believe in being fairly though when its possible. I greatly appreciate your idea either way.
I am kind of curious what your views of the United States debt, and how the economic system currently stands is.
Thanks,
BStoltman
China now owns $1.16 trillion of U.S. debt
(AP) WASHINGTON - China, the biggest buyer of U.S. Treasury securities, owns a lot more than previously estimated.
In an annual revision of the figures, the Treasury Department said Monday that China's holdings totaled $1.16 trillion at the end of December. That was an increase of 30 percent from an estimate the government made two weeks ago.
The government made the change to its monthly report based on more accurate information it obtains in an annual survey. That survey more does a better job of determining the actual owners of Treasury securities.
China was firmly in the top spot as the largest foreign holder of U.S. Treasury debt even before the revisions. But the big increase in Chinese holdings could ease fears that Chinese investors might begin dumping their U.S. holdings. Such a development could send U.S. interest rates rising. That would slow America's economic recovery and increase Washington's costs for financing the $14.3 trillion national debt.
United States public debt
Foreign ownership
As of January 2011, foreigners owned $4.45 trillion of U.S. debt, or approximately 47% of the debt held by the public of $9.49 trillion and 32% of the total debt of $14.1 trillion.[53] The largest holders were the central banks of China, Japan, the United Kingdom and Brazil.[55] The share held by foreign governments has grown over time, rising from 13% of the public debt in 1988[56] to 25% in 2007.[57]
As of May 2011 the largest single holder of U.S. government debt was China, with 36 percent of all foreign-held U.S. Treasury securities (16% of total US public debt).[58] China's holdings of government debt, as a percentage of all foreign-held government debt, have decreased a bit over the last year, but are up significantly since 2000 (when China held just 6 percent of all foreign-held U.S. Treasury securities).
Originally posted by BStoltman
Great post, thank for the above information!
In 2011, America is for sale and the communist Chinese are eager buyers. The Chinese government is using sovereign wealth funds and Chinese state-owned enterprises to buy up economic assets and huge tracts of land all over the United States. Many of our politicians hail all of this "foreign investment" as something that is "good for America", while many others see something much more sinister going on here. In any event, this is a trend that is rapidly accelerating and that is causing great concern among patriotic Americans.
The following is how Wikipedia defines special economic zones....
A Special Economic Zone (SEZ) is a geographical region that has economic and other laws that are more free-market-oriented than a country's typical or national laws. "Nationwide" laws may be suspended inside a special economic zone.
Apparently the government of Idaho believes that allowing the Chinese to set up a 50 square mile "special economic zone" just south of Boise would be a grand idea.