Who Owns United States Assets?
From treasury bills to commercial property, the ownership of America is being transferred. China is the largest population in the world. China is the eastern culture of the world. US is the western culture of the world. These two culture are literally polar extremes. One is very open allowing Google and Youtube and more. The other culture is very controlled. What will these differences mean to generations ahead - allot.
We are now a global society. The majority of our goods arrive from China. Sadly for human rights, the educational system will be dominated by what China allows. Freedom of thought and knowledge is dictated by the Chinese government.
Google, the corporate multinational giant, has run up against Chinese culture and politics. Google knows firsthand how different this culture is from American culture and American values. It is only a matter of time before these two cultures clash. If China owns our debt, if China owns our realt estate, what does that mean for US politics? What does this do for the global cash flow? Let's explore...
Overseas Ownership of US Treasuries Growing Expotentially
Quotes from American Choices on the Global Economy
"As a global society, we must now become global citizens."
American Choices
"Always be mindful that the strongest force is the power of competition-and the power of global competition has yet to be fully seen."
American Choices
China Owns United States Debt
America buys from China and sadly has very little ability to buy from anyone else. Canada has been aggressive in promoting production and manufacturing and fashion. If US debt and US commercial sites are owned by foreigners, the American tax dollars are assessed and literally sent to China.
The outflow of dollars is no longer just for goods flowing to China but for also for debt interest and principal payments flowing to China. Additionally, there is a strong stream of funds from high end commercial properties that is also taking American dollars over to China.
All of this serves only one purpose for America - the economic power of the US is being weakened on three fronts - goods, debt and commercial rent.
1975-2004 China and US Growth in GDP
Share of World GDP
BRIC Countries - Brazil, Russia, India, China
BRICs - BRIC Countries - Brazil,Russia, India and China
"In economics, BRIC (typically rendered as "the BRICs" or "the BRIC countries" or known as the "Big Four") is a grouping acronym that refers to the countries of Brazil, Russia, India, and China that are deemed to all be at a similar stage of newly advanced economic development."[1]
Were you aware that the debt of America was held mainly by China?
2011 Change of Economic Power Predicted
*Goldman Sachs predicts that China's GDP will overtake the US GDP (in PPP terms) by 2011.
DeBaum.com quoted Goldman Sachs who "predicts that China's GDP will oovertake the US GDP (PPP terms) by 2011. What is PPP
"In fact, the middle class as we define it (people with incomes
greater than $6,000 and less than $30,000) has already grown
by hundreds of millions in the last decade alone... The other BRICs (and other emerging markets) will also see a rising middle class in the next decade, and should also see a rising ‘upper class’ (incomes higher than $30,000.."[2]
New Middle Class
The good news in all of this, is there will be a new middle class - an emerging middle class in Brazil, Russia, India and China. The bad news for Americans, is the standard of living for the US will change dramatically.
America - Welcome to the New Global Economy
Americans need to be aware and not awaken one morning surprised.
American debt and American assets are slowly being owned by others beyond the soil of America.
[1] wikipedia.com
© 2010 American_Choices
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Comments
AUTHOROpinon Duck,
Thank you so much for stopping by and contributing. I apologize for the late reply - life has had interruptions.
The transformation of garbage into energy is within our reach. A business associate of mine is investing in that plan of action as we speak. Not perfected but on the close horizon.
I think the incumbents need to compress their salaries and benefits - oh, will I be hated now! We must recognize what we cannot afford and take a step back. There has to be a major change at every juncture and the leaders must set the example for the government employees.
I believe in the power of communication and if we start talking about it and dreaming it we the citizens can make it happen. It can only work as a team effort.
Dear Hmrjmr1,
YES! Your writing and your focus has always been about highlighting the importance of politics, you are a true American hero with your penmanship. I value your comments and all of your hubs.
Great Hub Lad! This is why all politics, local, national and international is important for every American! Looking forward to reading more!
to help solve the problem, we should vote out all of the incumbents, and force the government to downsize its workforce. Government employees are very expensive both when they are working and when they retire. Government employees are not contributing to the GDP
Another thing that the country can do to get back into the global economy is to use its creative talented private businesses and develop a viable energy source to replace oil. One of the other big areas for the globe is garbage. If you can make garbage a fuel or a resource then we have a world business.
Anyway lets start by getting the incumbents out of their comfy nests.
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