#rantradio #rantradiotalk stream ending dec 12, 2010, 2210 sasktime
http://5yoapxbpal6lkizxgto2g3yjtfogwmycdvcggfg2t4qdv35s2svjwuid.onion
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpq595t00s...
@168:33:42 this guy is so close - - he understands that going into debt with china means that the US owes china
but he also has his head filled with conspiritard stuff so he somehow thinks that US debt to china isn't real debt in some way. He understands the federal reserve/fractional reserve banking system leads to debt but doesn't seem to get that china holding that debt really does mean that the US would wind up paying interest on that debt *to china*. that they, along with london bankers, would benefit from this arrangement.
> 2010–2011: In 2010, China held ~12.8% of U.S. public debt, with estimated daily interest payments in that period running around $68–$74 million per day.
> China has earned an estimated $350 billion to $450 billion in interest on its U.S. debt holdings between 2010 and 2025.
ie london/the UK really does own a lot of debt too but
400B$ might not be a huge deal to modern china, with its GDP of 20T$ but it's not nothing, either. That 400B$ paid for 1-2 years of china's military budget, for example.
but he also has his head filled with conspiritard stuff so he somehow thinks that US debt to china isn't real debt in some way. He understands the federal reserve/fractional reserve banking system leads to debt but doesn't seem to get that china holding that debt really does mean that the US would wind up paying interest on that debt *to china*. that they, along with london bankers, would benefit from this arrangement.
> 2010–2011: In 2010, China held ~12.8% of U.S. public debt, with estimated daily interest payments in that period running around $68–$74 million per day.
> China has earned an estimated $350 billion to $450 billion in interest on its U.S. debt holdings between 2010 and 2025.
ie london/the UK really does own a lot of debt too but
400B$ might not be a huge deal to modern china, with its GDP of 20T$ but it's not nothing, either. That 400B$ paid for 1-2 years of china's military budget, for example.