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China largest holder of US debt
| December 20th, 2013 at 7:27:12 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 | China possiblywill no longer be USA's largest holder of debt. Japan may return to the position it lost in early 2008. Yay, Yay, whoopee. |
| December 20th, 2013 at 8:08:25 PM permalink | |
| Wizard Administrator Member since: Oct 23, 2012 Threads: 239 Posts: 6095 |
Maybe we can sell them one of the smaller Hawaiian islands for it. Knowledge is Good -- Emil Faber |
| December 20th, 2013 at 9:14:19 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
Hawaii has a GSP of less than $70 billion per year. For a trillion dollars I suspect that they would want at least the entire state. |
| December 22nd, 2013 at 12:30:10 AM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
Dunno about that. They would be looking at Hawaii as a retirement place for wealthy Japanese. An entire island with nothing but them is a dream come true. A trillion is a tad high, however. Maybe 100 billion. If you take a risk, you may lose. If you never take a risk, you will always lose. |
| December 22nd, 2013 at 3:52:12 AM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
I would think that acquisition of a company should be roughly 15 times it's earnings. The empty island of Lanai (population 3100) was sold for half a billion dollars ($5,560 per acre). |