What Percent of A Country's Debt Do You Have To Hold Before You Can Say You Own Them? (legal, Obama)

[LauraC]

I'm thinking of Greece and the EU but what about the US and China? Is there a limit? What's the tipping point for "pay up or we're taking you over?"

[Jaymie]

I was thinking like my cynical self and wondered if Germany and France did not plan this euro con job to control or take over all of Europe .
Its not so far fetched , I think what Hitler planed was more unbelievable. Why kill them when you can "own" them ?

[Kracer]

That's a prophetic question.

I look at that and apply it to individual taxpayers. At what point do you have a say in the debt your elected legislative representive has acrued for your estate?

Is there a percent threshold when reached that allows you to then fire your elected representative and take their place in the house and senate?

Would be nice to have a system where a numeric threshold is set and if exceeded would automatically and immediately remove legislators from office.

If the feds have a firesale, Taxpayers should be able to compensate themselves to any equipment currently under control of the federal agencies. I want one of those 500$ hammers.

[Sun Thinker]

In reality, China and all other foreign countries combined hold a small percent of US debt.

The collective "WE" own the most by far.

A good list in pictures.

The TRUTH About Who Really Owns All Of America's Debt

[Dockside]

What Percent of A Country's Debt Do You Have To Hold Before You Can Say You Own Them?

Lol. I guess it depends on how big the other country's army is.

[pghquest]

Originally Posted by LauraC

I'm thinking of Greece and the EU but what about the US and China? Is there a limit? What's the tipping point for "pay up or we're taking you over?"

2 items would be needed for that.
1) You own 51% of their debt
2) They cant pay you back under the original terms

If either one of those isnt present, then you cant say you own them

[Sun Thinker]

The American Citizens could get easily legal control at that point.

[Had2SaySumthin]

Originally Posted by LauraC

I'm thinking of Greece and the EU but what about the US and China? Is there a limit? What's the tipping point for "pay up or we're taking you over?"

Debt doesn't necessarily mean they own anything. We have tremendous amounts of illiquid equity, way over and above our debt.

For instance, $25,000 in credit card debt is considered a lot. Yet, you own a house worth $400k. You have a lot of debt, but that doesn't mean anyone owns you unless you've used something as collateral.

I'm willing to say Obama is our collateral, default on the Chinese, and send him over. Unleashing him on their political system is the most strategic move we could ever make

[jdm2008]

Originally Posted by LauraC

I'm thinking of Greece and the EU but what about the US and China? Is there a limit? What's the tipping point for "pay up or we're taking you over?"

The tipping point is when the person has the means to actually take over.

[Sun Thinker]

Combined, foreigners and foreign governments are only owed $4.5 trillion out of almost $14.5 trillion in debt. Perhaps we can swap European debt we are owed for what we owe them.