Learn to support yourself and your family.

On Sunday, August 13, 2023 at 5:13:32 PM UTC-4, Nomen Nescio wrote:
> Learn to support yourself and your family.

Can the US government supports itself without borrowing large sum of money from the world?

On Monday, August 14, 2023 at 8:09:44 AM UTC-4, ltlee1 wrote:
> On Sunday, August 13, 2023 at 5:13:32 PM UTC-4, Nomen Nescio wrote:
> > Learn to support yourself and your family.
> Can the US government supports itself without borrowing large sum of money from the world?

Borrowing means paying interest. Of course, interest payment obligation could be met by further.

On Tuesday, August 15, 2023 at 7:03:23 AM UTC-4, ltlee1 wrote:
> On Monday, August 14, 2023 at 8:09:44 AM UTC-4, ltlee1 wrote:
> > On Sunday, August 13, 2023 at 5:13:32 PM UTC-4, Nomen Nescio wrote:
> > > Learn to support yourself and your family.
> > Can the US government supports itself without borrowing large sum of money from the world?
> Borrowing means paying interest. Of course, interest payment obligation could be met by further.

https://fred.stlouisfed.org/series/A091RC1Q027SBEA
2023 Q1 Interest payment: $928.929 billion annualized
2023 Q2 Interest payment: $969.986 billion annualized

On Monday, August 14, 2023 at 5:09:44 AM UTC-7, ltlee1 wrote:
> On Sunday, August 13, 2023 at 5:13:32 PM UTC-4, Nomen Nescio wrote:
> > Learn to support yourself and your family.
> Can the US government supports itself without borrowing large sum of money from the world?

Why focus on the US when the Chinese national debt is much higher?

https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124#:~:text=Many%20people%20believe%20that%20much,most%20of%20the%20national%20debt.

Many people believe that much of the U.S. national debt is owed to foreign countries like China and Japan, but the truth is that most of it is owed to Social Security and pension funds right here in the U.S. This means that U..S. citizens own most of the national debt.

On Friday, August 25, 2023 at 11:57:44 AM UTC-4, bmoore wrote:
> On Monday, August 14, 2023 at 5:09:44 AM UTC-7, ltlee1 wrote:
> > On Sunday, August 13, 2023 at 5:13:32 PM UTC-4, Nomen Nescio wrote:
> > > Learn to support yourself and your family.
> > Can the US government supports itself without borrowing large sum of money from the world?
> Why focus on the US when the Chinese national debt is much higher?

Wrong.
In term of dollars own, the US is the largest debtor nation. As percentage of GDP, the US debt load
is substantially higher than China's.

China: 2022 77.097%
https://fred.stlouisfed.org/series/GGGDTACNA188N

US: 2022 >120%
https://fred.stlouisfed.org/series/gfdegdq188S

Japan: 2021 > 217.614%
https://fred.stlouisfed.org/series/DEBTTLJPA188A
> https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124#:~:text=Many%20people%20believe%20that%20much,most%20of%20the%20national%20debt.
>
> Many people believe that much of the U.S. national debt is owed to foreign countries like China and Japan, but the truth is that most of it is owed to Social Security and pension funds right here in the U.S. This means that U.S. citizens own most of the national debt.

On Friday, August 25, 2023 at 11:34:38 AM UTC-7, ltlee1 wrote:
> On Friday, August 25, 2023 at 11:57:44 AM UTC-4, bmoore wrote:
> > On Monday, August 14, 2023 at 5:09:44 AM UTC-7, ltlee1 wrote:
> > > On Sunday, August 13, 2023 at 5:13:32 PM UTC-4, Nomen Nescio wrote:
> > > > Learn to support yourself and your family.
> > > Can the US government supports itself without borrowing large sum of money from the world?
> > Why focus on the US when the Chinese national debt is much higher?
> Wrong.
> In term of dollars own, the US is the largest debtor nation. As percentage of GDP, the US debt load
> is substantially higher than China's.

I guess it all depends on how you measure it. But the truth is still that bashing the US economy and praising China's is silly. Not accurate. I would rather live in the US, wouldn't you?

A Crisis of Confidence Is Gripping China’s Economy
https://www.nytimes.com/2023/08/25/business/china-economy-confidence.html
China’s economy, which once seemed unstoppable, is plagued by a series of problems, and a growing lack of faith in the future is verging on despair.

>
> China: 2022 77.097%
> https://fred.stlouisfed.org/series/GGGDTACNA188N
>
> US: 2022 >120%
> https://fred.stlouisfed.org/series/gfdegdq188S
>
> Japan: 2021 > 217.614%
> https://fred.stlouisfed.org/series/DEBTTLJPA188A
> > https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124#:~:text=Many%20people%20believe%20that%20much,most%20of%20the%20national%20debt.
> >
> > Many people believe that much of the U.S. national debt is owed to foreign countries like China and Japan, but the truth is that most of it is owed to Social Security and pension funds right here in the U.S. This means that U.S. citizens own most of the national debt.

On Friday, August 25, 2023 at 3:20:08 PM UTC-4, bmoore wrote:
> On Friday, August 25, 2023 at 11:34:38 AM UTC-7, ltlee1 wrote:
> > On Friday, August 25, 2023 at 11:57:44 AM UTC-4, bmoore wrote:
> > > On Monday, August 14, 2023 at 5:09:44 AM UTC-7, ltlee1 wrote:
> > > > On Sunday, August 13, 2023 at 5:13:32 PM UTC-4, Nomen Nescio wrote:
> > > > > Learn to support yourself and your family.
> > > > Can the US government supports itself without borrowing large sum of money from the world?
> > > Why focus on the US when the Chinese national debt is much higher?
> > Wrong.
> > In term of dollars own, the US is the largest debtor nation. As percentage of GDP, the US debt load
> > is substantially higher than China's.
> I guess it all depends on how you measure it. But the truth is still that bashing the US economy and praising China's is silly. Not accurate. I would rather live in the US, wouldn't you?

Not true.
> > China: 2022 77.097%
> > https://fred.stlouisfed.org/series/GGGDTACNA188N > >
> > US: 2022 >120%
> > https://fred.stlouisfed.org/series/gfdegdq188S

The above pages, both from the US Fed Reserve Bank, reported apple to apple comparison.
In no way Chinese national debt is much higher than US national debt if compared correctly.

>
> A Crisis of Confidence Is Gripping China’s Economy
> https://www.nytimes.com/2023/08/25/business/china-economy-confidence.html
> China’s economy, which once seemed unstoppable, is plagued by a series of problems, and a growing lack of faith in the future is verging on despair.
> >
I don't consider NYTimes a reliable source of happenings in China in general. Feel free to quote the content IF you think the article is exceptional.
> >
> > Japan: 2021 > 217.614%
> > https://fred.stlouisfed.org/series/DEBTTLJPA188A
> > > https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124#:~:text=Many%20people%20believe%20that%20much,most%20of%20the%20national%20debt.
> > >
> > > Many people believe that much of the U.S. national debt is owed to foreign countries like China and Japan, but the truth is that most of it is owed to Social Security and pension funds right here in the U.S. This means that U.S. citizens own most of the national debt.

On Friday, August 25, 2023 at 3:21:24 PM UTC-7, ltlee1 wrote:
> On Friday, August 25, 2023 at 3:20:08 PM UTC-4, bmoore wrote:
> > On Friday, August 25, 2023 at 11:34:38 AM UTC-7, ltlee1 wrote:
> > > On Friday, August 25, 2023 at 11:57:44 AM UTC-4, bmoore wrote:
> > > > On Monday, August 14, 2023 at 5:09:44 AM UTC-7, ltlee1 wrote:
> > > > > On Sunday, August 13, 2023 at 5:13:32 PM UTC-4, Nomen Nescio wrote:
> > > > > > Learn to support yourself and your family.
> > > > > Can the US government supports itself without borrowing large sum of money from the world?
> > > > Why focus on the US when the Chinese national debt is much higher?
> > > Wrong.
> > > In term of dollars own, the US is the largest debtor nation. As percentage of GDP, the US debt load
> > > is substantially higher than China's.
> > I guess it all depends on how you measure it. But the truth is still that bashing the US economy and praising China's is silly. Not accurate. I would rather live in the US, wouldn't you?
> Not true.
> > > China: 2022 77.097%
> > > https://fred.stlouisfed.org/series/GGGDTACNA188N > >
> > > US: 2022 >120%
> > > https://fred.stlouisfed.org/series/gfdegdq188S
> The above pages, both from the US Fed Reserve Bank, reported apple to apple comparison.
> In no way Chinese national debt is much higher than US national debt if compared correctly.

If you say so. So the Chinese economy is doing great?

> > A Crisis of Confidence Is Gripping China’s Economy
> > https://www.nytimes.com/2023/08/25/business/china-economy-confidence.html
> > China’s economy, which once seemed unstoppable, is plagued by a series of problems, and a growing lack of faith in the future is verging on despair.
> > >
> I don't consider NYTimes a reliable source of happenings in China in general. Feel free to quote the content IF you think the article is exceptional..

I don't consider anything from the PRC state controlled press to be reliable.

On Saturday, August 26, 2023 at 10:20:04 AM UTC-4, bmoore wrote:
> On Friday, August 25, 2023 at 3:21:24 PM UTC-7, ltlee1 wrote:
> > On Friday, August 25, 2023 at 3:20:08 PM UTC-4, bmoore wrote:
> > > On Friday, August 25, 2023 at 11:34:38 AM UTC-7, ltlee1 wrote:
> > > > On Friday, August 25, 2023 at 11:57:44 AM UTC-4, bmoore wrote:
> > > > > On Monday, August 14, 2023 at 5:09:44 AM UTC-7, ltlee1 wrote:
> > > > > > On Sunday, August 13, 2023 at 5:13:32 PM UTC-4, Nomen Nescio wrote:
> > > > > > > Learn to support yourself and your family.
> > > > > > Can the US government supports itself without borrowing large sum of money from the world?
> > > > > Why focus on the US when the Chinese national debt is much higher?
> > > > Wrong.
> > > > In term of dollars own, the US is the largest debtor nation. As percentage of GDP, the US debt load
> > > > is substantially higher than China's.
> > > I guess it all depends on how you measure it. But the truth is still that bashing the US economy and praising China's is silly. Not accurate. I would rather live in the US, wouldn't you?
> > Not true.
> > > > China: 2022 77.097%
> > > > https://fred.stlouisfed.org/series/GGGDTACNA188N > >
> > > > US: 2022 >120%
> > > > https://fred.stlouisfed.org/series/gfdegdq188S
> > The above pages, both from the US Fed Reserve Bank, reported apple to apple comparison.
> > In no way Chinese national debt is much higher than US national debt if compared correctly.
> If you say so. So the Chinese economy is doing great?

To be honest. I don't know enough to render a conclusion one way or the other.
However, western media has yet to provide real evidence to support the shared theme that China's
economy as a whole is in trouble.

> > > A Crisis of Confidence Is Gripping China’s Economy
> > > https://www.nytimes.com/2023/08/25/business/china-economy-confidence.html
> > > China’s economy, which once seemed unstoppable, is plagued by a series of problems, and a growing lack of faith in the future is verging on despair.
> > > >
> > I don't consider NYTimes a reliable source of happenings in China in general. Feel free to quote the content IF you think the article is exceptional.
> I don't consider anything from the PRC state controlled press to be reliable.

On Saturday, August 26, 2023 at 9:58:06 AM UTC-7, ltlee1 wrote:
> On Saturday, August 26, 2023 at 10:20:04 AM UTC-4, bmoore wrote:
> > On Friday, August 25, 2023 at 3:21:24 PM UTC-7, ltlee1 wrote:
> > > On Friday, August 25, 2023 at 3:20:08 PM UTC-4, bmoore wrote:
> > > > On Friday, August 25, 2023 at 11:34:38 AM UTC-7, ltlee1 wrote:
> > > > > On Friday, August 25, 2023 at 11:57:44 AM UTC-4, bmoore wrote:
> > > > > > On Monday, August 14, 2023 at 5:09:44 AM UTC-7, ltlee1 wrote:
> > > > > > > On Sunday, August 13, 2023 at 5:13:32 PM UTC-4, Nomen Nescio wrote:
> > > > > > > > Learn to support yourself and your family.
> > > > > > > Can the US government supports itself without borrowing large sum of money from the world?
> > > > > > Why focus on the US when the Chinese national debt is much higher?
> > > > > Wrong.
> > > > > In term of dollars own, the US is the largest debtor nation. As percentage of GDP, the US debt load
> > > > > is substantially higher than China's.
> > > > I guess it all depends on how you measure it. But the truth is still that bashing the US economy and praising China's is silly. Not accurate. I would rather live in the US, wouldn't you?
> > > Not true.
> > > > > China: 2022 77.097%
> > > > > https://fred.stlouisfed.org/series/GGGDTACNA188N > >
> > > > > US: 2022 >120%
> > > > > https://fred.stlouisfed.org/series/gfdegdq188S
> > > The above pages, both from the US Fed Reserve Bank, reported apple to apple comparison.
> > > In no way Chinese national debt is much higher than US national debt if compared correctly.
> > If you say so. So the Chinese economy is doing great?
> To be honest. I don't know enough to render a conclusion one way or the other.
> However, western media has yet to provide real evidence to support the shared theme that China's
> economy as a whole is in trouble.

You ain't gonna learn what you don't wanna know.

> > > > A Crisis of Confidence Is Gripping China’s Economy
> > > > https://www.nytimes.com/2023/08/25/business/china-economy-confidence.html
> > > > China’s economy, which once seemed unstoppable, is plagued by a series of problems, and a growing lack of faith in the future is verging on despair.
> > > > >
> > > I don't consider NYTimes a reliable source of happenings in China in general. Feel free to quote the content IF you think the article is exceptional.
> > I don't consider anything from the PRC state controlled press to be reliable.