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gab13by13

(29,202 posts)

10. According to your figures

Reply to Celerity (Reply #8)

Mon Mar 14, 2022, 09:07 AM

Mar 2022

In relation to foreign countries we owe China 1.1 trillion dollars, correct?
In relation to foreign countries we owe China roughly 7% of our foreign debt.

I was correct about the amount but wrong about the %, correct?

I understand that we owe most of our debt to ourselves.

Wait I did that wrong; recalculate.

1.1 trillion divided by 7.7 = 14% of foreign debt.

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Highlight:

Ukraine crisis: US warns China against helping Russia [View all] Celerity Mar 2022 OP

I don't think China cares Tickle Mar 2022 #1

They do care, though. Scrivener7 Mar 2022 #2

The economic impact on China would be significant. Ford_Prefect Mar 2022 #3

Empty warnings IMO Ferrets are Cool Mar 2022 #4

Not true, China owns 19% of our debt, gab13by13 Mar 2022 #5

That is also wrong, as the US National Debt is over $30 trillion now. Celerity Mar 2022 #8

According to your figures gab13by13 Mar 2022 #10

Half? No, and no, not 19 per cent either. Try around 3.5 per cent. Celerity Mar 2022 #9

What is 7.7 trillion divided by 1.1 trillion? gab13by13 Mar 2022 #11

that is not how you figure out the percentage, you have it reversed Celerity Mar 2022 #13

Let me preface that I may be an idiot, but blogslug Mar 2022 #6

I agree Casandia Mar 2022 #7

this Celerity Mar 2022 #12

Ultimately, as a huge trading partner w/us, I don't see much upside for China helping them themaguffin Mar 2022 #14