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Old 03-23-2018, 03:15 PM
Bozzie Bozzie is offline
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China

Now who is going to buy US debt?
Hang on boys it's going to be a rough ride.
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Old 03-23-2018, 03:30 PM
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I’m going to Taiwan next year for a wedding. I’m pretty worried about our safety. Relations between China and Taiwan is worsening exponentially.
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Old 03-23-2018, 03:49 PM
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Quote:
Originally Posted by PPM View Post
Iím going to Taiwan next year for a wedding. Iím pretty worried about our safety. Relations between China and Taiwan is worsening exponentially.
Be safe buddy..
Im terrified China stop buy Treasury Notes a friend of mine who works at the Brookings institute called me today and freaked my shit out.

His last words were thats why Cohn bailed.
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Old 03-23-2018, 06:14 PM
Roma Roma is offline
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a better question might be, why would you want china owning some of your debt

and Im curious what percentage of our debt you think china owns?
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Old 03-23-2018, 06:53 PM
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Well....China now has $1.24 trillion in Treasuries, making it the largest foreign holder of US debt, with Japan close behind at $1.13 trillion dollars. One reason that the Chinese and foreign governments buy so many Treasuries is that we have a big trade deficit with China.
The Chinese are willing to lend the US the money, so that we continue to buy all those imports. Foreign investment in America’s debt...$6.1 trillion, overall .... helped pull the economy out of recession. Treasuries are not an investment that the United States benefits from discouraging.
If China does stop purchasing Treasurys this year, U.S. interest rates on the margin could rise more than expected. Its a bit of a poison pill but the Chinese economy but worst for the US economy as we are dependent on overseas investors.
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Old 03-23-2018, 07:01 PM
Roma Roma is offline
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china has known for some time that whatever is owed them will never be paid back

so whether you combat the trade imbalance now or later when its a bigger problem

is the only question

yes its a mess
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Old 03-23-2018, 07:03 PM
Roma Roma is offline
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75% of US debt is owned by US citizens in mutual funds, and other instruments
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Old 03-23-2018, 07:15 PM
Bozzie Bozzie is offline
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Quote:
Originally Posted by Roma View Post
china has known for some time that whatever is owed them will never be paid back

so whether you combat the trade imbalance now or later when its a bigger problem

is the only question

yes its a mess

Well..US treasury bonds are considered pretty safe..No very safe we haven't defaulted ever.. The real problem is if china sells those notes Calls those notes or floods markets with dollars.. all have a different effect but would make the us economy chaotic to say the least. just something to watch.

Last edited by Bozzie; 03-23-2018 at 07:21 PM.
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Old 03-24-2018, 11:10 AM
Roma Roma is offline
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Not default, just never pay
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Old 03-24-2018, 03:37 PM
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Quote:
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Not default, just never pay
Not paying would be defaulting. The US government is constantly (daily) paying on old treasure notes (bonds) the life is between 10 to 30 years.
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Old 03-24-2018, 06:47 PM
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I think most people think of saying I'm not paying you as "defaulting," whereas saying I'm going to pay you but never do as "never paying."
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Old 03-25-2018, 08:46 AM
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The only reason the Chinese and Japan are buying our bonds is to have some semblance of power over decisions which affect them. Both need to be able to get their goods into the US.
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Old 03-27-2018, 02:48 PM
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china is already willing to take concessions
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Old 03-27-2018, 09:18 PM
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South Korea agrees to open auto market in return for exemption from steel tariffs - The Washington Post
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Old 03-28-2018, 08:56 AM
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Just the threat of doing something to protect our own interests, is already having an effect on trade.
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Old 03-31-2018, 09:22 PM
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Trump talks about a tariff and South Korea decides to redo a trade agreement made by HRC that was wickedly in their favor and also allow more US cars in to be bought by their consumers. Maybe it is all circumstance, but I DONA THINK SO LUCY!!!!
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Old 03-31-2018, 10:26 PM
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Plus China Blinked!!! WTF, the press won't say it but, Lowest rate of unemployment since 2000 and lowest rate of unemployment claims in a half century. Also many companies,(McDonalds putting up hundreds of millions for tuition for employees)
using money to help their workers, pay and otherwise from corporate tax relief.
If HRC were in office, did the same things and got this kind of response, She would have been compared to God!!!
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Old 04-10-2018, 11:37 AM
BFDwager BFDwager is offline
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Shifting gears .... but,
Military Communications Jammers Deployed at Chinese Bases in South China Sea
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Old 04-11-2018, 08:49 AM
chibob chibob is offline
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Date: April 6, 2018 at 7:36:12 AM CDT
Subject: ** Employment Report **

Change in NonFarm Payrolls 103k vs 185k expected
Change in Private Payrolls 102kvs 188k expected
Unemployment Rate 4.1% vs 4.0%
Avg Hourly Earnings .3% vs .3%
Participation Rate 62.9%

Despite upward revisions to February in NFP of +326k vs 313k, its hard to find anything positive with this report Ė maybe AHE at +.3%. Net of todayís report, there was a loss of 50k jobs over last two months compared to economistsí estimates. Mortgages finally showing a pulse here, +4 tics post Report. Stocks futures are down big before the open Ė responding to another round of Trump trade news after the President said he is considering an addíl $100n in tariffs on Chinese goods. Iíll be back when the market settles down a bit. JC
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Old 04-16-2018, 11:57 AM
Roma Roma is offline
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this exchange must be what youre referring to, I admit I wasnt clear, so I dont blame you for misunderstanding

But I was not referring to the mechanics of the T bill market

My point here was if China chose to sell a significant amount of the US debt they hold

they would be signalling they want off this train, and would collapse the Us economy in the process

it would be an act of war

So it was hyperbole for you to even bring this up

whatever you implied was the risk for seeking better trade deals with china was silly

we have a huge trade imbalance with china, seeking better outcomes in trade wouldnt lead to any nuclear option

Because China has more to lose at thsi point. We have more leverage

So that was my point, by "they know they will never be paid" etc

I understand I wasnt clear.
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Old 04-18-2018, 11:50 AM
BFDwager BFDwager is offline
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The elephant in the room...

Trump appears to have forgotten the South China Sea in 2017 | Asia Times
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Old 04-27-2018, 11:05 AM
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Unhappy

Quote:
Originally Posted by PPM View Post
Iím going to Taiwan next year for a wedding. Iím pretty worried about our safety. Relations between China and Taiwan is worsening exponentially.
China Puts 'Guam Killer' Missile Into Service Amid Ongoing Drills Near Taiwan

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Old 05-21-2018, 11:10 AM
BFDwager BFDwager is offline
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Post

Iran Press TV
China lands bombers on South China Sea island

Sun May 20, 2018 02:00PM

China's air force has landed bombers on islands and reefs in the South China Sea as part of a training exercise in the region in what has been seen as another show of force by Beijing.

The Chinese air force said in a statement issued on Sunday, "A division of the People's Liberation Army Air Force (PLAAF) recently organized multiple bombers such as the H-6K to conduct takeoff and landing training on islands and reefs in the South China Sea in order to improve our ability to reach all territory, conduct strikes at any time and strike in all directions."

The notice, published on the PLAAF's Weibo microblogging account, did not provide the precise location of the exercise.

Wang Mingliang, a defense expert cited in the Chinese statement, said the takeoff and landing exercises will help the air force "strengthen its combat capability to deal with maritime security threats"

China says its military facilities in the Spratlys islands are purely defensive.
()
China claims nearly all of the South China Sea, despite partial counterclaims by Brunei, Malaysia, Taiwan, Vietnam and the Philippines.

Philippine President Rodrigo Duterte defended his position not to confront China. "You know they have the planes, not stationed in Spratlys but near the provinces facing, Chinese provinces facing the Spratlys and the China Sea," he said in a speech late on Saturday.

"And with their hypersonic, they can reach Manila within 7 to 10 minutes. If we will go to a full-blown war, where would the Philippines end up?" Duterte said.

Reacting to developments, the Pentagon's spokesman Lieutenant Colonel Christopher Logan accused Beijing of militarizing the region.

"We have seen these same reports and China's continued militarization of disputed features in the South China Sea only serves to raise tensions and destabilize the region," Logan said, adding, "The United States remains committed to a free and open Indo-Pacific."

The United States has dispatched warships to disputed areas of the South China Sea in a bid to challenge China's extensive sovereignty claims in the territory.

China has repeatedly criticized the US military presence in the region and suspects the military drills are part of efforts to contain Beijing.

Washington's military presence in the region, halfway around the world, has also led to worries about an increasing risk of accidental collisions that could spark a consequential wider conflict.

The United States presumes it would be limiting China's maritime influence in the sea by invoking "freedom of navigation" rights. Furthermore, the US has been taking sides with several of China's neighboring countries in their territorial disputes in the busy sea, through which five trillion dollars in ship-borne trade passes annually.

China has, in response, accused Washington of meddling in regional issues and deliberately escalating the situation in the region.
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Old 05-21-2018, 09:51 PM
AuburnKid AuburnKid is online now
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The USA has plenty of evidence that China has been laundering NOKO's dirty money from selling military items to terrorist countries. If this is brought into the proper courts, China is labeled a terrorist Country, loses its right to use US banks, cannot deal in $USD and the country collapses (Gordon Chang).

An act of war on our side so we both play nice. There is not even a NOKO deal and suddenly China wants all the grain we can grow yesterday. The corn market jumped up 7 cents on the open but sold off. The usual reason for this is the China demand was "baked into the cake", meaning already considered by the market.

China gets its 2.5% interest payments on its T-bills or 4% on 30-year bonds with 2% inflation. No default but we have not bought these back in a very long time.

FULL DISCLOSURE: Gordon Chang has been predicting China's doom since at least 2001. Perma-bear or blind squirrel finally finds an acorn. Hard to tell. At least he is a lawyer who goes into China and comes out alive.

Last edited by AuburnKid; 05-21-2018 at 09:57 PM.
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Old 05-24-2018, 11:53 AM
BFDwager BFDwager is offline
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Post (China) Same song 2nd verse...

VOA
US Excludes China From Military Drill Over South China Sea Actions

By William Gallo May 23, 2018


The United States has disinvited China from a major international maritime exercise, saying Beijing's "destabilizing behavior" in the South China Sea is inconsistent with the principles of the U.S.-led drill.

"China's continued militarization of disputed features in the South China Sea only serve to raise tensions and destabilize the region," read a statement from Lieutenant Colonel Christopher Logan, a Pentagon spokesman.

The statement said that disinviting China from the 2018 RIMPAC was an "initial" response to Beijing's South China Sea activities. It did not specify what other steps might be taken.

Chinese Foreign Minister Wang Yi called it a "very unconstructive move."

He said China's activity in the South China Sea was for self-defense and that it was done on a "much smaller scale" than what the United States had done in Hawaii and Guam.

"We hope that the U.S. will change such a negative mindset," he said at a joint news conference with U.S. Secretary of State Mike Pompeo.

Since 2014, China has taken part in RIMPAC, the world's largest international maritime drill, which is held every two years in Hawaii. It's a reflection of expanding U.S.-China military ties, despite tensions over Beijing's construction of man-made islands in the South China Sea, some of which have been militarized.

"We have strong evidence that China has deployed anti-ship missiles, surface-to-air missile (SAM) systems, and electronic jammers to contested features in the Spratly Islands region of the South China Sea. China's landing bomber aircraft at Woody Island has also raised tensions," the Pentagon statement said.

"We have called on China to remove the military systems immediately and to reverse course on the militarization of disputed South China Sea features," the statement added. "We believe these recent deployments and the continued militarization of these features is a violation of the promise that (Chinese) President Xi (Jinping) made to the United States and the World not to militarize the Spratly Islands."

China claims virtually the entire South China Sea, despite overlapping claims by Brunei, Malaysia, Taiwan, the Philippines and Vietnam. The area is rich in fish, oil and natural gas resources. It's also a vital shipping lane. About $5.3 trillion worth of goods moves through the sea every year, according to the U.S. Department of Defense.

U.S. ships and aircraft have conducted regular "freedom of navigation" operations (FONOPS) near some of the Chinese installations. But the Pentagon's decision to boot Beijing from RIMPAC suggests U.S. officials realize the FONOPS were not enough to deter China, says Harry Kazianis, director of Defense Studies at the Center for the National Interest.

"China should never, ever have been invited to RIMPAC. Period," Kazianis said. "Considering their aggressive approach to dominate the Asia-Pacific region, turn the South China Sea into their own personal lake, as well as diminish America's position in the region, this move on the Trump administration's part makes sense."

The decision comes at a particularly sensitive moment in U.S.-China relations. Washington and Beijing are engaged in negotiations aimed at averting a trade war. Those talks have been complicated by plans for a nuclear summit with North Korea, a major ally of Beijing.


To be cont'd....
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