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World debt-who’s the recipient?

Posted on 2/3/24 at 9:09 pm
Posted by Out da box
Member since Feb 2018
461 posts
Posted on 2/3/24 at 9:09 pm
Just reading article of chinas debt. It’s worse than US. Does everyone realize debt is really an IOU and private central banks are the recipient? We’ve been in a giant monopoly game where the owners of this private entity will own it all eventually if we don't get off their rain?
Posted by Westbank111
Armpit of America
Member since Sep 2013
2524 posts
Posted on 2/3/24 at 9:29 pm to
.WEF / DAVOS members control it all
Posted by Penrod
Member since Jan 2011
42553 posts
Posted on 2/3/24 at 10:19 pm to
Me. I own lots of Treasury Bills.Probably $800,000 or more.

I would not own China debt. And I would not go long term on US debt.
This post was edited on 2/3/24 at 10:25 pm
Posted by FtheNWO
Member since Nov 2021
241 posts
Posted on 2/3/24 at 10:32 pm to
The BIS satanists coordinate all the central banks in the world. They create money out of thin air in each of these countries, give it to themselves, then use it to finance debt in other countries. The ~350 trillion in world debt was all stolen through inflation.
Posted by pecxs
Pasadena, CA
Member since Dec 2003
531 posts
Posted on 2/3/24 at 11:05 pm to
I don‘t think the data is reilable regarding to China. If you believe the IMF data is correct, China debt is not worse than US, Japan, UK, France, and many other industrial contries.

LINK
Posted by Junky
Louisiana
Member since Oct 2005
8627 posts
Posted on 2/3/24 at 11:14 pm to
It’s probably worse as China was building those ghost cities for, as the China supporting journalist say, “investing in under developed areas already with strong gdp numbers for 20 years into the future.” Not thinking that no one is building a damn city with multiple buildings to start reaping the rewards, aka even begin to pay off the price of building the structures, 20 years later.

Or that they have a huge poor class of people that is very hard to feed. Their gdp per capita is low.

There is no telling exactly but I’ve seen anywhere from 300% of gdp to 3,000%.
Posted by Tandemjay
Member since Jun 2022
3202 posts
Posted on 2/4/24 at 1:29 am to
It's going to be alright if we keep voting GOPe, right?
Right?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
268678 posts
Posted on 2/4/24 at 4:05 am to
quote:

It's going to be alright if we keep voting GOPe, right?


We need someone who can cut the size of government and cut their power, funding.

Thats how you beat Democrats and others.
Posted by Shepherd88
Member since Dec 2013
4688 posts
Posted on 2/4/24 at 7:40 am to
If you want a really in depth look at what’s going on on a global scale and what’s likely to happen then read
“The End of the World is just the beginning” by Peter Zihan who is an economist.

China has hyper financed construction projects to try and “fake it till you make it.” However they’re likely to completely collapse in the next decade. Their population will be cut in half by the year 2050.

This will all have a very big impact on a global scale as well bc manufacturing will have to start shifting now to prepare for it.
Posted by frogtown
Member since Aug 2017
5141 posts
Posted on 2/4/24 at 7:44 am to
quote:

We need someone who can cut the size of government and cut their power, funding.

Thats how you beat Democrats and others.


Bingo.

This needs to be drilled into some peep's heads.
Posted by BhamDore
Nashville
Member since Aug 2009
6329 posts
Posted on 2/4/24 at 7:47 am to
quote:

I don‘t think the data is reilable regarding to China. If you believe the IMF data is correct, China debt is not worse than US, Japan, UK, France, and many other industrial contries.


That's just national government debt. They have substantially more provincial debt, and corporate debt from state owned businesses.

Their real debt to GDP ratio is around 300% That's if you believe their GDP is real. Its not so it's the ratio is even worse as their GDP is probably only around 14 to 15 trillion.
Posted by jimmy the leg
Member since Aug 2007
37226 posts
Posted on 2/4/24 at 7:53 am to
quote:

It’s probably worse as China was building those ghost cities for, as the China supporting journalist say, “investing in under developed areas already with strong gdp numbers for 20 years into the future.” Not thinking that no one is building a damn city with multiple buildings to start reaping the rewards, aka even begin to pay off the price of building the structures, 20 years later.


Those cities were bought and paid for with private money. Three generations of savings were pooled up into the hands of the 4th generation. They finally were allowed to invest…in housing.

Many people bought more than one house. Some bought 5 of more.

China’s GDP was tied to that long term construction boom (up to 50% of the GDP lasting over 30 years). If (when?) the market collapses, the CCP will get those properties for pennies on the dollar. Then, they will have a place to cram their aging population, while simultaneously depopulating their key cities of geriatrics. The CCP looks at long time planning, not short.

As for their “work force, fewer will be needed long term, as China goes full bore into automation.

Meanwhile, the US has focused on social engineering, such as race, chopping off breast and peckers. and the cultivation of climate crazies.
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16476 posts
Posted on 2/4/24 at 12:11 pm to
quote:

We need someone who can cut the size of government and cut their power, funding.



Don't you mean people because one person can't do it. It will take an all out blitz from multiple angles to reduce government.
Posted by billjamin
Houston
Member since Jun 2019
13958 posts
Posted on 2/4/24 at 12:36 pm to
quote:

owners of this private entity

If you have a 401k, pension or savings account then you’re one of the “owners”. There’s no bogey man. Just finance bros doing finance bro things.
Posted by lake chuck fan
westlake
Member since Aug 2011
13192 posts
Posted on 2/4/24 at 12:47 pm to
quote:

China has hyper financed construction projects to try and “fake it till you make it.” However they’re likely to completely collapse in the next decade. Their population will be cut in half by the year 2050.

This will all have a very big impact on a global scale as well bc manufacturing will have to start shifting now to prepare for it


Which is why it's reasonable to expect China to take action sooner rather than later. I don't think China will attempt any type of conventional warfare against the US. It's not hard to imagine, people just need to gather the information and come up with the simplest conclusion.
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