How much does US owe to China, and how long do we have to pay it all back?

Update:

We've been borrowing so much money from China, I'm wondering how long it will take to pay off that debt.

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  • 1 decade ago
    Favorite Answer

    According to Ron Paul, a member of the house banking committee, we owe China about 2 & 1/2 trillion American dollars.

    China gets American dollars when they sell us stuff made in China. Instead of sitting on the dollars they buy American interest bearing Treasury Bills & Treasury Bonds, which would have different maturity dates. These Gvt. issues can also be rolled over when the maturity date arrives.

    It's a distinct possibility that it may never be paid off or paid back because the numbers are so high.

    These American dollar debt obligations can be sold or traded by China at any time provided a buyer is found.

    If the Fed is ordered by Congress to buy them back, it would probably be at a very deeply discounted price, which would show the worlds bankers exactly how unsound dollars have become.

    If the Fed buys huge amounts of Treasury debt, it can be assumed the national debt {about 9 trillion dollars} would be owed to the Fed, which apparently is owned by the wealthiest bankers in the world, not the American people.

    Now do you see why Ron Paul wants to abolish the Fed?

    Thanks for the question.

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  • 1 decade ago

    Some things to consider.

    1. America has run a national debt for most of it's history. The secret is that this debt never has to actually be repaid, merely rolled over, as has always been done.

    2. The interest and the debt is primarily paid by the rich, since they are the ones paying almost all the taxes.

    In other words, don't sweat it.

    • NO, its going to be young people and their kids.....but if you voted for Obama...oh, well. Yes, I know Bush this and Bush that, Bush dug the hole, Obama has nailed the young people of this countries coffins shut. So those of you on welfare, keep kicking babies out, we need laborers!!!

  • Anonymous
    1 decade ago

    trillions with a T.

  • 1 decade ago

    we owe them enough to ensure we all die from lead painted toys!!

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  • Anonymous
    1 decade ago

    More than what's in your bank account and longer than you think.

  • Anonymous
    1 decade ago

    I don't know - why do we have to repay debts to other nations but nations who owe us money don't.

  • Anonymous
    1 decade ago

    It doesn't matter, we control their economy just like they control ours. Plus we can sell them our LAtin American debt in exchange.

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