Okay, before you read this you might want to check the backs of your medicine cabinet and see if you have any of those Quaalude from the 70's left, or a miltown, or Valium or just pour a shot of whiskey and grab a bullet to bite on, because this is going to be very very painful, and you will need all the help you can get. Tex, get M. to hide all the guns, your going to want to shoot someone.
Countries that own the most U.S. Debt.
(for the love of Goddess, sit down and brace yourself..I advise putting your head between your legs when you finish reading it, not to quell the nausea but so you can kiss your ass good-bye.)
China$541 billion(no that is not a typo...just the facts ma'am just the facts)
United Kingdom $307.4 billion(considering the state of the British economy I'm betting they didn't know this..I expect Prime Minister Brown to be knocking on President Obama's White House doors with his hand the day after he's made President).
OPEC Nations $179.8 billion(it's not bad enough they have us by the balls for the oil....they now have us by the balls for the tune of nearly $180 billion)
Caribbean banking Centers $147.7 billion (this consists of Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, Panama, and British Virgin Island. WHAT THE FUCK????)
What is really fucking scary is....this isn't the complete list. To get the complete list go to parade.com/intel
Our grand total?..The U.S. Government owes $2.67 trillion to foreign governments and investors-20% of our total BDP. And that number has grown rapidly. "In 2001, China held $61.5 billion in U.S. debt. Now it has $541 billion," says James Ludes of the bipartisan American Security Project in Washington, D.C.. "In 2001, we owed Russia less than $10 billion. Now it's $74.4 billion." (How can we owe money to a country that doesn't have a pot to pee in and a window to throw it out?)The debt is sold to other countries in the form of U.S. Treasury securities. "We also have to pay interest on those securities," adds federal budge expert Doug Elmendorf. In coming years, a big chunk of our country's wealth will leave our economy and go overseas to pay back the loans. Will this outflow of cash effect our standing in the world? The U.S. emerged as a major global power after World War I, and the U.K.declined in part because we owned so much British debt. Ironically, today the U.K. is our third largest creditor. fuckity fuck fuck fuck!
President Elect Obama may wish he lost the election. I'm going to go bang my head on the wall. Notice when all the debts started?...Thanks George W. Bush you fucking asshole.
24 comments:
there was a typo..should be GDP not BDP.
I could use a Lemmon 714 right now.
My mind can't even wrap around numbers that big.
They'll just print more money. China will probably give us a deal on paper.
That's just the people who have lent the govt. money. That list doesn't even mention those countries that have bought up companies and land in the US. Not trying to add salt to the wound, but these are loans and countries have borrowed money from other countries for a long long time.
We also have a list of countries that owe us money.
Poor Obama. I feel bad for that guy. He just won the worst job in the country.
sage:wonder if Obama knows his real boss is not the people of the U.S. but the chinese govenment..sheesh!
allan:im thinking a shot of whiskey and a bullet to bite on.
pom:we're so screwed.
lilac:isn't that the truth. when i read it i was stunned..there isn't that much money in the whole fecking universe.
rox:i know..he's probably wandering around in his living room going'what shall i do, what shall i do, what shall i do.'
$350 million for a pig in a poke. Are we as screwed as Barry? Looks that way.
Prez. Johnny-Reb doesn't care. He can jet to the Caymans and live off the kickbacks from his oil company buddies that got fat off his police-action awn terriss...And why should he give a shit about the consequences of his actions? It's not like he's gotta pay for it, or anything...He's OMFR, especially now.
jan that's probably exactly what will happen. If you factor in all the IOUs our government has written perpetually to the elderly, the disabled, anyone who wetbacks across the Rio Grande and don't want to work for a living, and countless other promisory notes generated by TWAT (tha wah awn terriss), what YG quoted is just the tip of the fiscal iceberg with which our ship of state is on a collision course at flank speed.
Next year could royally suck.
I wouldn't trade places with Barack Obama for all the tea in ...
We're screwed.
that's what happens when you fight a war on credit.
in the past a country would raise taxes and the citizens would make sacrifices for the war. george cut taxes and the citizens partied like it was 1999 on inflated mortgages and credit cards.
or, it might just be those feckin mexicans. can you guys afford to build a fence these days?
After reading all this gloom and doom in the comments, I'm feeling a little pressure, about 14.2 pounds per square inch! Bring on the alien's from outer space, I've got a can of whop-ass for them to.
Good thing I like Chinese food! But leave out the damn MSG.
You remember all those big U.S. companies who (since corporations share the rights of people) renounced their citizenship in the United States and moved their headquarters off shore and stopped paying taxes here? Guess whose money in the Caribbean banking Centers is being loaned to the U.S. government.
If you borrow money from someone do you go out of the way to help them out when they ask for a favor?
With all the financial crashes going on and how desperate some countries are becoming it's going to be interesting when they all ask for their money back and the U.S. tells them the check is in the mail.
Kinda scary when you remember that the fuel is paid for and all those nukes pointing at most of our creditor’s countries are ready to go. Talk about a collection agencies worst nightmares.
Don't worry, the Amero is going to be our new currency. Since Uncle Sam is talking about grabbing everyone's IRAs and 401Ks
(They are being advised to.)
I'd cash them in and buy precious metals.
DISCLAIMER: I don't know shit about financial matters, it would be extremely foolish to take my advise.
Ron Paul was talking about this.
He said it was crazy to borrow money from China to finance an occupation of Iraq.
I know our new President Elect didn't cause all this debt, but I do have faith in his administration that it will begin to turn around to face the other direction - the direction toward paying down our debt!
Too bad we can't just declare bankruptcy and start fresh.
Geez.
For so long that I don't remember when it started, the FuckingRepublicans have been whining about the Tax and Spend Democrats. What about the borrow and spend Repukes?? I remember in St. Ronnie's first year the debt hit one trillion. When he left office it was over 5 trillion close to 6 trillion. Clinton started to pay the debt down and had a budget surplus. aWol has followed in his hero's footsteps and more than doubled the debt. Still we hear about the Dems and their tax and spend policies. Well yeah, somebody has to pay the fucking bills.
And then these pukes who are whining about Obama winning the election have the audacity to b#tch and moan about "spreading the wealth". I never heard those morons complaining about "spending" their wealth over in Iraq, but now when it comes time to try and do something for people IN OUR OWN DAMNED COUNTRY, they cry and moan. In some ways, I'm glad things are going to be tight because these folks need to suffer. Unfortunately, we'll suffer, too...
Oh, and I'm not talking about the wealthy complaining about "spreading the wealth"....I'm talking about the poor and middle-class types who are whining when THEY DON'T HAVE ANY WEALTH TO SPREAD TO BEGIN WITH!!! (Sorry, I just get so pissed over this stuff....)
And to think I always expected China to wipe us out militarily with their vast advantage in population... they have no need now. They can save their bombs and simply buy us up at bargain basement prices.
it's not all george w bush's fault. what did clinton do to lessen the burden of the debt when he was in office? not much. obama's going to rack up 1.2 trillion more in debt this year alone, some analysts say, and that's 1/5th of ALL the debt racked up by bush.
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