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no avatar Level 138 Comments: Respected Member Of Famiry
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Gender: male
Age: 22
Date Signed Up:6/11/2011
Last Login:1/30/2015
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Comment Ranking:#13354
Highest Content Rank:#7986
Highest Comment Rank:#11277
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Level 36 Content: Peasant → Level 37 Content: Peasant
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Level 138 Comments: Respected Member Of Famiry → Level 139 Comments: Respected Member Of Famiry
Content Views:32869
Total Comments Made:182
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#118 - 185cm. I never realized how much taller I would feel if I used… 20 hours ago on Oh Meninist.. +1
#92 - It never happened in the book. 01/20/2015 on Nerdy facts 1 0
#104 - Two gifs from Minnesota Twins events. I follow that team. 01/06/2015 on the Kiss Cam 0
#92 - In Yellow and the Remakes, Mankey can be caught just west of V…  [+] (1 new reply) 01/05/2015 on Pokemon 1st timer +1
User avatar #107 - metajunky (01/05/2015) [-]
I never played the remakes. Pure Red and Blue fan as a kid
#118 - If we whisper about not paying back, then they'll stop helping… 12/13/2014 on China and the US 0
#117 - Another note: We owe China money because they've basically bou… 12/13/2014 on China and the US 0
#4 - Do tell.  [+] (4 new replies) 12/12/2014 on China and the US +27
#74 - anonymous (12/12/2014) [-]
Isn't America in debt by trillions to China bailing them out year after year?

User avatar #101 - jwash (12/13/2014) [-]
We cannot thrive without China and China cannot thrive without us. Both would go into a deep recession if all ties were cut. But, that is just about impossible. Too many jobs depend on the two together. We owe China a shitload of money, but we make them a shitload of money. It's more of an investment. What do you think would happen? China all the sudden says pay up or else? Or else what? Nobody wants that war, including China.
#117 - rszerotwo (12/13/2014) [-]
Another note: We owe China money because they've basically bought bonds. They don't straight up give us cash that we need. They invest in our economy and banking system by buying bonds that take some time to mature. So every year they buy, (arbitrary number) $1 Million in bonds. Except it takes (arbitrary number again) 27 years for those bonds to mature. They always purchase the same time-maturing bonds, so we pay them back pretty much the same amount every year. So, if they cash those in early, we owe them less than $1 Million for the bond. However, we also have an agreement that they can't hold them for longer than (arbitrary) 3 years past their maturity date. This ensures China isn't garnering a shitload of on the bonds, and the US continues to use China as, basically, a giant banking system.

If China tried cashing in ALL of their bonds NOW, we'd pay them...flooding their economy with money, crashing it, sending them in to a recession, and making them all sad.

Also, whoever said China holds most of our debts, try again: The private sector of the United States owns a majority of our own debt. Thanks.

TL;DR: America could crash the Chinese economy, we have no obligation to pay them back every penny now, America owns it's own debt.
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#32 - I deliver for Papa John's. We tend not to get requests to do t… 10/21/2014 on pizza and sex 0
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