| Science Forum Index » Economy Forum » What are foreigners doing with our dollars? |
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| Brablo |
 Posted: Mon Dec 05, 2005 8:29 am |
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I realize that countries with trade imbalances with the US have a
surplus of dollars at hand. Examples of these nations are China,
Japan, and not sure whom else. What are they doing with our dollars? |
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| Just Cocky |
| Posted: Mon Dec 05, 2005 9:37 am |
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On 5 Dec 2005 05:29:53 -0800, "Brablo" <gestureofrespect@yahoo.com>
wrote:
[quote:e37c54741d]
I realize that countries with trade imbalances with the US have a
surplus of dollars at hand. Examples of these nations are China,
Japan, and not sure whom else. What are they doing with our dollars?
[/quote:e37c54741d]
Nothing! That's why it's going to be a problem for them in the not so
distant future. Basically, they have been exchanging products for what
is probably going to be relatively worthless green paper in the
future. |
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| Phil Scott |
| Posted: Mon Dec 05, 2005 8:39 pm |
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"Brablo" <gestureofrespect@yahoo.com> wrote in message
news:1133789393.156755.70950@g14g2000cwa.googlegroups.com...
[quote:ab3df546c5]I realize that countries with trade imbalances with the US
have a
surplus of dollars at hand. Examples of these nations are
China,
Japan, and not sure whom else. What are they doing with our
dollars?
[/quote:ab3df546c5]
Buying US real estate, alaskan oil, half of our crops...and
the occasional hooker.
Phil Scott
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| Bill |
| Posted: Mon Dec 05, 2005 11:42 pm |
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"Phil Scott" <philscott@philscott.net> wrote in message
news:dn2q4a$ggj$1@news.tdl.com...
[quote:1723794fda]
"Brablo" <gestureofrespect@yahoo.com> wrote in message
news:1133789393.156755.70950@g14g2000cwa.googlegroups.com...
I realize that countries with trade imbalances with the US have a
surplus of dollars at hand. Examples of these nations are China,
Japan, and not sure whom else. What are they doing with our dollars?
Buying US real estate, alaskan oil, half of our crops...and the occasional
hooker.
Phil Scott
[/quote:1723794fda]
I'm not sure Alaskan oil counts because for every barrel another country buys
we have to replace it by buying a barrel from a different country. I'm not
really sure of the balance of trade on hookers. Real estate and crops are
certainly true. Also mortgages. Your home mortgage may be ultimately owned by
some guy in Korea. Also, US treasury bonds. Japan has about $9 Trillion of
them. Who do you think finances the govt. debt?
Bill |
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| zzbunker |
| Posted: Tue Dec 06, 2005 5:43 am |
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Brablo wrote:
[quote:c6c6cd8ebf]I realize that countries with trade imbalances with the US have a
surplus of dollars at hand. Examples of these nations are China,
Japan, and not sure whom else. What are they doing with our dollars?
[/quote:c6c6cd8ebf]
Buying US malls, gas stations, The UN,.
Everything that the US Goverment and Wal-Mart are faiilures at. |
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| The Trucker |
| Posted: Tue Dec 06, 2005 11:56 am |
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"zzbunker" <zzbunker@netscape.net> wrote in message
news:1133865822.932007.20920@g14g2000cwa.googlegroups.com...
[quote:2b4d2be7eb]
Brablo wrote:
I realize that countries with trade imbalances with the US have a
surplus of dollars at hand. Examples of these nations are China,
Japan, and not sure whom else. What are they doing with our dollars?
Buying US malls, gas stations, The UN,.
Everything that the US Goverment and Wal-Mart are faiilures at.
[/quote:2b4d2be7eb]
But what if we tax assets as opposed to income? That would
mean that it does not matter who owns all the stuff. Those that
own the bonds will be paying themselves with tax revenue
(actually based on inflaion) and if they own land or whatever
the same would be true.
http://GreaterVoice.org/econ/glossary/Asset_Tax_System.php
We, the USA, never sid that we would not change the
tax system. The systemn that is best for Americans is
the system we should use.
--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org |
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| Kimon Berlin |
| Posted: Tue Dec 06, 2005 10:33 pm |
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"Brablo" <gestureofrespect@yahoo.com> wrote in
news:1133789393.156755.70950@g14g2000cwa.googlegroups.com:
[quote:5c4aa6f3d5]I realize that countries with trade imbalances with the US have a
surplus of dollars at hand. Examples of these nations are China,
Japan, and not sure whom else. What are they doing with our dollars?
[/quote:5c4aa6f3d5]
They lend them back to us, mostly by buying treasuries. They also buy some
mortgage-backed securities and stock. |
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| The Trucker |
| Posted: Wed Dec 07, 2005 7:34 pm |
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"Kimon Berlin" <kimon@partideletranger.org> wrote in message
news:Xns9724D112B890Bpartideletranger@216.196.97.136...
[quote:51ba66a61a]"Brablo" <gestureofrespect@yahoo.com> wrote in
news:1133789393.156755.70950@g14g2000cwa.googlegroups.com:
I realize that countries with trade imbalances with the US have a
surplus of dollars at hand. Examples of these nations are China,
Japan, and not sure whom else. What are they doing with our dollars?
They lend them back to us, mostly by buying treasuries. They also buy some
mortgage-backed securities and stock.
[/quote:51ba66a61a]
They (the Chinese) are very quickly owning US. What will they
do with all the dollars that they do not need to spend on oil?
There is nothing they need that we can sell to them. Every
thing there is a product of land and labor. Labor they have
in great abundance. They will buy the US slowly but
surely as their government enforces thrift on the people
of China. The answer to this problem is found at
http://GreaterVoice.org . It is the only real answer.
An asset tax is the correct way to counter this but the
owners here in the USA will not let it happen. They
will continue to tell whatever lies they might find
necessary to their own benefit and our bought and
paid for "representatives" will help them every step of
the way.
--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org |
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| Just Cocky |
| Posted: Wed Dec 07, 2005 9:53 pm |
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On Wed, 7 Dec 2005 16:34:52 -0800, "The Trucker" <mikcob@verizon.net>
wrote:
[quote:8791e94799]
"Kimon Berlin" <kimon@partideletranger.org> wrote in message
news:Xns9724D112B890Bpartideletranger@216.196.97.136...
"Brablo" <gestureofrespect@yahoo.com> wrote in
news:1133789393.156755.70950@g14g2000cwa.googlegroups.com:
I realize that countries with trade imbalances with the US have a
surplus of dollars at hand. Examples of these nations are China,
Japan, and not sure whom else. What are they doing with our dollars?
They lend them back to us, mostly by buying treasuries. They also buy some
mortgage-backed securities and stock.
They (the Chinese) are very quickly owning US.
[/quote:8791e94799]
Damn! First the Japanese, now the Chinese! |
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