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re: What happens if China has to call in our

Posted on 2/23/20 at 10:22 pm to
Posted by LSURussian
Member since Feb 2005
130786 posts
Posted on 2/23/20 at 10:22 pm to
quote:

The US has to agree that the debt be sold and to whom.
Nope.
Posted by Ollieoxenfree99
Member since Aug 2018
7748 posts
Posted on 2/23/20 at 10:37 pm to
quote:

China can’t just immediately call in the full payment on a 30 year treasury bond. We pay it over the life of the bond in accordance with the repayment agreement made at time of sale. Doesn’t matter if they want the money now; that’s not an option.


It's my money and I want it now!!!

Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 2/24/20 at 9:29 am to
quote:

Nope...both parties have to agree on the buyer.




Not sure which is worse, you posting this made up nonsense twice or the 4 tRumpkins that upvoted your statement.
Posted by aTmTexas Dillo
East Texas Lake
Member since Sep 2018
19141 posts
Posted on 2/24/20 at 10:03 am to

^ Post was not as funny as you thought.
Posted by ImaObserver
Member since Aug 2019
2414 posts
Posted on 2/24/20 at 10:30 am to
Posted by MMauler
Primary This RINO Traitor
Member since Jun 2013
22386 posts
Posted on 2/24/20 at 10:32 am to
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
74945 posts
Posted on 2/24/20 at 10:40 am to
quote:

Trump has never paid a debt in his lifetime, bankruptcy court.



Which is why all of those banks still lend him money. Wait, what?
Posted by BayBengal9
Bay St. Louis, MS
Member since Nov 2019
4171 posts
Posted on 2/24/20 at 10:51 am to
What do you think happens to debt instruments when someone sells them?

Someone else buys them.

And if the demand isn't there and no one wants to buy them, they have to keep reducing the price (and take a loss) until someone will...

Bonds operate under the law of supply and demand just like anything else on the open market. If China wanted to sell all $1.1T dollars of debt they own, it would create a short term negative ripple for the US, but it would by no means "collapse" our economy or currency like a lot of people seem to believe.
Posted by Godfather1
What WAS St George, Louisiana
Member since Oct 2006
84710 posts
Posted on 2/24/20 at 10:59 am to
quote:

Trump has never paid a debt in his lifetime


A buddy of mine who did some contract work for both the Trump and Clinton campaigns would dispute you on that.

He invoiced the Trump campaign on a Thursday, had his check on Tuesday.

Last I heard, he was still waiting on that check from Hillary.
Posted by LsuFan_1955
Slidell, La
Member since Jul 2013
1890 posts
Posted on 2/24/20 at 1:29 pm to
quote:

Trump has never paid a debt in his lifetime, bankruptcy court.


Another filthy, lying, piss ant.
Posted by TigerBait1971
PTC GA
Member since Oct 2014
14865 posts
Posted on 2/24/20 at 1:33 pm to
JG Wentworth on da case!
Posted by CGSC Lobotomy
Member since Sep 2011
81611 posts
Posted on 2/24/20 at 2:00 pm to
They have to call Umbrella LLC to fix their mess first.
Posted by Big Scrub TX
Member since Dec 2013
36828 posts
Posted on 2/24/20 at 2:22 pm to
quote:

ope...both parties have to agree on the buyer.
Good christ, some of you frickers are ignorant.
Posted by SantaFe
Baton Rouge
Member since Apr 2019
7163 posts
Posted on 2/24/20 at 2:29 pm to
If China did ,what would they do with the money? Would they buy stuff (like pork) they needed from us? !
Posted by Big Scrub TX
Member since Dec 2013
36828 posts
Posted on 2/24/20 at 2:35 pm to
For anyone interested in something other than inane ignorance, this piece does a decent job of explaining why the boogeyman of China theoretically liquidating all their UST holdings is essentially just a paper tiger:

Michael Pettis
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