On Wed, 16 Mar 2005 12:29:46 GMT, "NOYB" wrote:


"Calif Bill" wrote in message
link.net...

"DSK" wrote in message
.. .
John H wrote:
Or maybe 'cause you lost again?

Or maybe because you don't know the difference between cash money and a
bond, either?

Dang, I was hoping you'd explain it to Nobby and save me the trouble.

DSK


A bond is what the government sells to raise money to cover the national
debt, or for temporary money. Since the national debt is about 7 trillion
dollars, that says there are 7 trillion in bonds outstanding. Since
Savings
bonds are part of this, and lots of Americans have them, it would be hard
to
have even the GDP value of the USA held by China.



Whoa! Did I say that Doug claimed US debt held by the Chinese was "7 times
our annual GDP"? I googled what he said, and here it is:

""Their thirst for US dollars" is already way way oversatisfied... they
are holding approximately 17 times our annual GDP in US debt.."

17 times our GDP!?!? Our annual GDP is roughly $11.73 TRILLION. That'd put
the debt figure at $199.46 TRILLION.

So, Dougie...
Are you sticking with your story that China holds $199.46 TRILLION in US
debt?


I can't believe you made such a mistake!

--
John H

"All decisions are the result of binary thinking."