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bartman217
LSU Fan
Canton, GA
Member since Dec 2005
340 posts

This is a stupid question, but how do we pay China back?

If we were to start paying them back, how do we do it? With cash or gold?

Sorry for the stupid question, but just wondering how it actually works.


geauxtigers87
USA Fan
NOLA
Member since Mar 2011
11190 posts

re: This is a stupid question, but how do we pay China back?
IOU's


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jamboybarry
LSU Fan
I Putt Out
Member since Feb 2011
12626 posts

re: This is a stupid question, but how do we pay China back?
in Zimbabwe dollars. It's gonna take a LOOOOOOng time


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BlackHelicopterPilot
LSU Fan
Top secret lab
Member since Feb 2004
35293 posts

re: This is a stupid question, but how do we pay China back?
They own Treasury Notes, Bonds, Bills.

They get paid back like any other holder.....from additional borrowed funds


GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
30840 posts

re: This is a stupid question, but how do we pay China back?
You just pay them back like we do now (and every other debt holder). As the treasury notes mature you pay them back.


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WildTchoupitoulas
RA:18h 49m 59.0s, dec:-8° 33' 55.3"
Member since Jan 2010
19421 posts

re: This is a stupid question, but how do we pay China back?
War.


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BROffshoreTigerFan
USA Fan
Youngsville
Member since Oct 2007
9759 posts

re: This is a stupid question, but how do we pay China back?
We don't answer the phone when they start calling.

And when they send someone knocking, we answer with big arse guns.

?????

Profit.


TN Bhoy
USA Fan
Sketty, Wales
Member since Apr 2010
49486 posts

re: This is a stupid question, but how do we pay China back?
With those giant checks they give out for contests.


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junkfunky
LSU Fan
Member since Jan 2011
15778 posts

re: This is a stupid question, but how do we pay China back?
Used teenage girl's panties.


Wait, that's Japan. I don't know.


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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: This is a stupid question, but how do we pay China back?
See the printing more money thread for your answer.


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: This is a stupid question, but how do we pay China back?
With inflated dollars


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tigeraddict
LSU Fan
Baton Rouge
Member since Mar 2007
5070 posts

re: This is a stupid question, but how do we pay China back?
from electronic currency. we don't even need to waste ink anymore


moneyg
LSU Fan
Member since Jun 2006
22099 posts

re: This is a stupid question, but how do we pay China back?
quote:

They own Treasury Notes, Bonds, Bills.

They get paid back like any other holder.....from additional borrowed funds





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shinerfan
LSU Fan
Duckworld(Earth-616)
Member since Sep 2009
6986 posts

re: This is a stupid question, but how do we pay China back?
quote:

We don't answer the phone when they start calling.

And when they send someone knocking, we answer with big arse guns.

?????

Profit.




And pit bulls, don't forget the pit bulls.


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accnodefense
New Mexico Fan
Member since Dec 2010
2984 posts

re: This is a stupid question, but how do we pay China back?
according to leftists china doesn't even hold hardly any of our debt

its like what my uncle used to say. "a fool in the bed, a tool in the shed, a dollar to save, a funny guy named dave"


Tigerlaff
LSU Fan
Member since Jan 2010
11141 posts

re: This is a stupid question, but how do we pay China back?
When you say "we," you might be referring to a lot of different parties.

Government: "We'll pay for it with 'revenue,' of course!"

Working Americans who pay federal income taxes: "Well, I guess I'll retire when I'm 90."

Americans who pay no federal income taxes: "China? Like the wrestler girl? Hey when's Catfish on tonight?"


matthew25
Ole Miss Fan
Member since Jun 2012
4022 posts

re: This is a stupid question, but how do we pay China back?
What do we owe China? About 1 trillion?


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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
30840 posts

re: This is a stupid question, but how do we pay China back?
quote:

according to leftists china doesn't even hold hardly any of our debt


China owns about 1/16 of our debt.


HempHead
Alabama Fan
Appalachia
Member since Mar 2011
20375 posts
Online

re: This is a stupid question, but how do we pay China back?
I believe that the biggest chunk of debt is intra-governmental.


GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
30840 posts

re: This is a stupid question, but how do we pay China back?
quote:

I believe that the biggest chunk of debt is intra-governmental.


Right, we own about 4 trillion to ourselves.


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