Black People : Do You Think Japan Will Demand Payment?

Discussion in 'Black People Open Forum' started by river, Mar 21, 2011.

  1. river

    river Watch Her Flow MEMBER

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    Everybody knows about the more than half a trillion dollars the United States has borrowed from China but in actuality we owe Japen even more. It's estimated that damage from the earthquake/tsunami will toll some $250 billion.

    Do you think Japan might demand the United States pay its debt? Why shouldn't they? What will happen if they do? Don't think this is a Black issue? Really now? Remember we are the buffers in this society They will look at the money they spend on us before they take a dime from White folks.
     
  2. Ankhur

    Ankhur Well-Known Member MEMBER

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    The Japanese mentality, predicates that they would loose face,

    in the eyes of the capitalist, and imperialist world.

    A demand for payment on a loan can only be made as an action of a defaulted or delinquent payment by the debtor

    As long as the US uses the stimulus and bailout money to make payments on time,
    as well as no-tarriff agreements, and allows a good amount of outsourceing with Japan, then the debt is solvent

    if a bank is in failure it cannot call in the loans of those who are on time in payments
     
  3. river

    river Watch Her Flow MEMBER

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    I didn't know we were making payments. I thought we were still borrowing. You are saying the stimulus and bailout money is going to pay foreign debts and not to Wall Street?
     
  4. Ankhur

    Ankhur Well-Known Member MEMBER

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    Card carrying Socialist Senator Bernie Sanders stated after forcing an investigation of the Federal Reserve, that Mega Trillions went overseas
     
  5. Charles IKS

    Charles IKS Well-Known Member MEMBER

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    Brother Ankhur, why should we trust what Senator Bernie Sanders says?
     
  6. Ankhur

    Ankhur Well-Known Member MEMBER

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    Even though it is now matter of public record and hstorical document, since the findings of a panel were done like..... a minute ago!!!!!

    ,I apologize Charles and I will never mention those socialists that you hate,
    ever again, I should have known how you feel about them, please accept my hiumblest apologies!
     
  7. Ragnarok

    Ragnarok Well-Known Member MEMBER

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    They can't make us pay. What they own is TBills which have a maturation date, so when they mature we must pay. What japan may do is sell a large portion of its current TBills to other entities to raise emergency capital. This is a distinct possibility because Japan's current debt/gdp ratio is about 200%, so other entities are loath to loan Japan more.

    If the bond market is flooded even more than it is our ability to borrow cheaply would disappear. To fund our current debts we would need to engage in further quantitative easing which would cause inflation(we are currently experiencing somewhat high inflation).

    PS: China still holds more US debt than Japan at 1.2T
     
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