The chinese don't own the debt any more -- they own new dollar deposits from the fed
the fed now owns the debt -- but the debt is no longer our problem -- trillions of ready American dollar liquidity (spendable cash) in the hands of China is the new hurricane on its way through the American's America.
the fed was never on our side -- it was always on the side of creditors -- the Rothschilds (a term which includes goldman-sachs, the rockefeller interests, and other investment banking interests)and the ruling elites of China are the ones Bernanke serves. The Chinese can now buy up America in a climate that Rothschild and Fed has made deflationary, forcing Americans to put their land and businesses and homes on the auction block in distress sales etc.
so instead of letting us have the domestic inflation to cure the depression that the populists wanted -- we get instead super deflation here forcing us to put everything we own up on the chopping block -- and the Fed then pays with new dollars the Chinese as it buys from the Chinese all of the debt the Chinese took on as it undersold all of our businesses in the 80's and 90's and 2000s and drove them to ruin (or else to China) -- so now the Chinese have the money -- they have the inflation that we needed but which Rothschild would not let us have -- so now the chinese can come in with all the inflation money and they can be the first spenders in buying all of our distressed and foreclosed assets.
The creditors (Chinese elites, international financial elites/organized crime) thus have given themselves all the money -- that was never ours, that was never really American money, but always -- since world war one for which the Fed was designed -- always an international money -- as I was saying the creditors gave themselves all the money and created the deflationary depression inside the USA so that all the choice propereties would be put on sale, so that bankrupt states and cities and counties and the federal government would put all of their land and paying assets (parking meters sold to J B Morgan for example) and the government also sells its deregulations -- allowing generic drugs to become retro-patent violations, giving monopolies on drugs that were competitive -- with fantastic increases in price to the consumer -- as I say - there is not inflation -- only monopoly price increases -- the creditors are killing you with deflation while building up the invading foreign hoards with an inflation of dollars from the "QE" buying of Chinese held US securities for dollar cash.
The Chinese become the first spenders of the new money -- but not even that money goes into the hands of Americans - because the Chinese won't buy it from us -- they wait until we go bankrupt and are foreclosed, then they buy the property from the bank -- so the money they spend never enters domestic economy circulation where it will do any of us any good.
They starved us of purchasing power in the name of fighting inflation -- which is impossible -- since inflation can only come from them expanding credit -- it is not something that happens automatically without them doing it -- fighting inflation is absurd -- they are always the authors of speculative bubbles and credit expansion. But in the name of fighting inflation they imposed the great starvation of purchasing power -- the great sucking up of consumer demand from which wages and profits come and without which unemployment and business loss obtain. They created this deflation -- and deflation is a natural tendency of our economic system -- we do get a net drain of purchasing power from every new loan as -- eventually -- repayment of principal plus payment of compound interest takes out more than the original loan put in. Thus the flow of leakage in payments to the financial sector exceeds the flow of new loans to the household-production binary sector where we live and work. The economic organism becomes enimic of purchasing power circulation. And so to get money to pay our debts -- we sell everything we have -- and what we had to sell was home equity -- and so to keep warm for the last few years we simply burned our own home equity -- but even those home equity loans had new compound interest attached so there was in no sense a stimulus, but a stimulus-followed-by-an-even-stronger depressant (depression causing deflation due to interest drain).
SO THEY REFUSED TO GIVE US "INFLATION" -- EVEN THOUGH INFLATION IS THE ONLY CURE FOR DEPRESSION -- AND TO AVOID FUTURE DEPRESSIONS IT MUST BE INFLATION THAT DOES NOT SHRINK AND GO NEGATIVE TO DEPRESSION DUE TO INTEREST PAYMENT -- AND THAT WOULD TAKE AN ENTIRELY DIFFERENT SYSTEM -- A SOCIAL CREDIT SYSTEM -- WHICH YOU HAVE NO INTEREST IN BECAUSE YOU WANT A RON PAUL GOLD SYSTEM WHICH IS THE MOST DEFLATIONARY SYSTEM OF ALL!!!!!
Everyone who has sold you on Austrian School economics and the gold system and on the evils of inflation and the necessity of austerity to fight inflation -- all of these people have the blood of America and of human freedom on their hands.
And you have the knowledge that you were responsible because you rejected the honest and informed men who tried to warn you because they did not seem successful enough, recognized by the mainstream enough, paid enough, to be worthy of your serious attention.
I notice none of you are responding to my posts. Can't think for yourselves? Waiting for Alex Jones or O'Reilley, or Beck or North or Rockwell or Celente or Kaiser to say it -- so you can then believe it.
God is just. Have no fear. You all will get what you have coming to you. For me that is the silver lining in all that will come upon America, on all those innocent and good people who suffer because you would not pass on the distress signal -- because you would not move when the warning and call of help reached your inbox.
You can repent if you want -- but it is too late to benefit you in this life.
> We bought China's debt? I thought they bought ours.
Yes, Ellen, they did. But that was then and this is now. China just sold out debt (US securities) to the Fed -- they were the QE buyers -- the chinese felt risk of default or repudiation and so the Fed took the problem away -- the Chinese were the buyers -- indirectly through banker middle men -- for off of those open market operations - the fed buying up securities in exchange for new Fed notes (deposits actually).
The irony that makes me want to skin alive and then mince the libertarians/Austrians/Rockefellers/conservatives is that with all that talk about being against inflation the effect of this is that there is inflation anyway -- except that instead of the American people getting the inflation so they can be "first spenders" we now have China and the sleeze international investors having all of those new dollars so they can "first spend" trillions in this country bidding against us poor gullible saps whose purchasing power has all been deflated away in interest payments or stupidly spent abroad buying gold at the behest of low dispicable rascals like Celente, Alex Jones and Glenn Beck.
Bernanke just swaped trillions Fed dollars for China's US securities