Russia Liquidates Its US Treasury Holdings

Sorry, what is the total American debt? Do you plan to repay it?

And what could you export?

 

China is the creditor of 17.7% of US government debt ... woe if in the wake of the US-started Trade Wars, China wants its money back .... then the lights go out in the US!

Good question ...
Not that the US has nothing to export in general and nobody wanted to have it ...
But if the US continues to pursue protectionist ideology, impose punitive tariffs on half the world and threaten others, then there are the countermeasures of those affected and that does not make the US products any more attractive ...

 

Yes, I know, that was simply an example.

As I said the reserves remain approx the same.

 

They'd have to be damn careful and very slow to repatriate all that back into the Yuan or other currencies or assets. It would trigger a global crisis. Gently, gently, softly, softly is the way to proceed, I think.

It's going to be fun watching what happens if and when the Fed increases interest rates to entice foreigners to hold more dollars. It seems to me to be a Catch-22 situation. Higher interest rates force the national debt higher and higher more quickly. The higher the debt the harder it becomes to service it.

https://www.news4jax.com/money/chinas-yuan-plunges-again-is-currency-war-coming

 

After Trump starts a global economic war with almost everyone who matters on this planet in an economic sense ... I do not know.

Somehow I see beginnings for a development where, therefore, the world is starting to renegotiate their trade relations without the US and sending the US into their self-chosen offside of unimportance

 

We will pay for them in whatever currency they prefer, like every other country that does not have the worlds reserve currency.

 

Yes, just like every other nation in the world with debt and without the worlds reserve currency.

Same things we export now.

 

Where will you take such currency?

Could you give the list of such goods?

 

I was thinking of the markets reaction, Mandelus, re my first para.

But I'm with you in seeing the world moving away from the diktat's of Washington. It will take time though. And overall, I think it would be an excellent development. Bring on a multipolar world, I say.

 

The US government debt is not interested. I said about the total debt, including debts of states, cities, corporations, household, etc. What is a debt service cost? This debt never can be repaid.

OK, let we discuss the USA export.

 

Not? ... weird ... my country has been paying back debts for a few years now and is reducing government debt!

We can do that ...

 

hahahahahahah! Imagine an economy based on the buying and selling of goods for money.

As to what would happen to America if nobody wanted dollars, just look at russia. Nobody wants rubles. I think you need 65 of them to buy a buck.

The quality of what they teach at The Dzerzhinsky seems to have fallen off a tad.

 

Wherever the seller would like.

All of them? No. Recall reading recently we were up to 8.3 BILLION Barrels of oil per day in exports. There is one such good.

 

It appears economics isn't our russian's visitor's strong point.

btw - that's millions of bbl/day.

 

My bad. That would be millions.

 

I find it laughable that you think Russia's T bill holdings or lack of them would have any affect on the U.S. economy. If the Russian Federation were one of our 50 states it would only rank in fourth place in terms of economic size. We could buy Russia and afford it easily. You need to find another area in which to attack the U.S.

 

If you are from Germany, it will be the interesting discussion.
First of all, do you agree, that Americans get more than produce


2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

their export
714.5 795 927.5 1023 1140 1277 1069 1289 1935 1575

their import
1260 1476 1727 1861 1987 2117 1575 1935 2303 2273

balance
-546 -681 -800 -838 -847 -840 -506 -646 -368 -698

 

If would the seller doesn't want your dollar?

Thanx. That point is clear, man. Go to your mother. It's already late.

 

OK. In the stone age there was no economy. It was invented by Americans... Why American are so stupid people? Really our propaganda is fully right?

Are you sure? We already did currency swap with China fo trading without dollar. Iran doesn't use dollar... Why didn't you answer for my question correctly? You can't argue?

And famous American humour at the end. The USA is unfortunate country. All see intellect of it's population.

 

The administration of President of the United States Donald Trump expects that the annual budget deficit by almost $ 100 billion will exceed the previous forecasts in each of the next three years. As a result, the federal budget deficit will exceed $ 1 trillion in the next financial year, writes The Wall Street Journal. The draft budget, promulgated in February, provided for a cumulative deficit of $ 7.1 trillion over 10 years. Now this estimate is increased by $ 926 billion to $ 8 trillion. And despite this, "greatness again" does not come to America. Is not it?

The growth rate of the state sovereign debt of the United States exceeds the rate of development of the country's economy. This was stated on Wednesday by the chairman of the Federal Reserve System (FRS) of the US, acting as the central bank, Jerome Powell at a hearing at the Committee on Financial Services of the House of Representatives of the Congress, which were devoted to monetary policy and the state of the country's economy. "The national debt is growing, and I think that it is growing faster than our economy. We need the economy to grow faster than the public debt. We need to work on this, "he said.

In addition, you still measure the economy in counterfeit GDP, but not in real factories. The inhabitants of Detroit do not become easier. if the doe johns grows.

However, by the number of financial bubbles, dog hairdressers and lawyers - you are ahead of the whole planet.

 

Comedy gold, I tells ya.
Yeah you got it in one. Your propaganda is completely and totally right in your own mind.

Yes I can argue when required, but to combat trolling bullshit, I tend to stoop to ridicule more often than not.

I ain't American.. Yep USA is truly unfortunate and Russia is the greatest nation on earth, oh wait, I think NK believes its a paradise on earth so they have you beat.

 

OMG! We are so gonna die without russia! God help us all!

 

I must say you truly are a master of destroying non existent illusions with rather concrete delusions.

 

The Democratic Party, most American progressives, American intelligence community and the American war industry all declaring WAR on the EU - not just on Germany and not just Russia, on behalf of the American fossil fuel industry is going to have terrible long term consequences.

The desperate push on behalf of those greed interests by the Democratic Party, intelligence agencies and the war industry is going to leave the USA completely alone in the world with no allies anywhere in any real terms. The USA now essentially is at economic warfare with Germany and all of the EU in their fake Russia outrage - which is really just to try to force the EU to buy American gas at 30+% more than they can buy it from Russia.

Except for the UK, the result will be that NATO is aligned with Russia, not the USA - and the fascist corporate axis of the Democratic Party, Cold War mentality intelligence community and military-industrial complex are to blame.

 

Russians would be a fool to keep any assets in the USA - and increasingly so will anyone else in the world. All this RUSSIA! RUSSIA! RUSSIA! stuff is about American super rich and government greed - nothing else. China is fairly insulated as there are billions in American assets in China that China could equally grab.

The great American empire is coming to an end and it will be by the political suicide in the axis of the Democratic Party - Corporate Fascism - and the traitors in our intelligence agencies who only care about personal power and greed. The USA will be one of the shortest life greatest world empires - that began with the end of WW2 and didn't even last a century.

Many on this forum will have seen the rise - and fall - of the Great American Empire within their lifetime. The USA will survive, but how long it remains THE dominate nation is the would coming to an end likely now is measured in years, not decades and certainly not centuries. To see the future of the USA, look to the countries South of our border. They now are what the USA will become rather rapidly in terms of the overall history of homo sapiens.