FAQ: What are foreign governments actually giving us when we borrow money from them?
I have asked this once and only received two answers…
Answer 1:
“the imported goods that we “buy” from them.”
What do goods imported by the private sector have to do with government funding?
Answer 2:
“Your question answers itself – money – to be repaid with interest.
Since we’re inflating our currency now, they will be less inclined to buy our bonds, knowing inflation will eat-up the value of any interest they earn.”
Money meaning what exactly?…fiat paper currency?…gold?
What of value are they giving us?
Answer:
We buy stuff from Chinese companies, paying them dollars.
Chinese companies sell these dollars for yuan, so they can pay their Chinese workers and suppliers. Some dollars are sold to private banks, some are sold to government as per their law.
Whoever ends up with those dollars can either use them to buy goods from US companies, or US Treasury bonds, or bonds issued by US companies. Both foreign governments and private companies can & do buy bonds, creating foreign debt.
2nd guy is quite right saying that the borrowing by itself means that borrower gets the money now in exchange for a promise to give it back with interest in the future. Money is “fiat” money, guaranteed by the output of US economy rather than gold. Gold standard was abandoned by everybody quite some time ago.
posts you may find of interest:
- Q: Why do foreign governments buy US Treasury Bonds? – goldsenze.com
- Why do foreign governments buy US Treasury Bonds?
- Q&A: Why do foreign governments buy US Treasury Bonds?
- Question: Why do foreign governments buy US Treasury Bonds?
- Q&A: Why do foreign governments buy US Treasury Bonds?
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Government, like businesses and individuals, will borrow money to finance projects not covered by their current revenue streams. Sometimes that money is borrowed from foreign governments or investors. Most countries issue bonds. It is not unusual. Americans hold the bonds of other countries or businesses in other countries too. People make these investments to receive a return in the form of interest. Why is this difficult to understand?
You guys have stumbled upon one of the greatest scams in history. We borrow fiat money from other banks and countries that we pay back with interest. The trick is that fiat money is created out of thin air by the banking system. The U.S. Treasury could just as easily create the fiat money and pay NO INTEREST to any bank or country. We paid $ 451,154,049,950 in interest on our debt in 2008. We are being robbed of that money, which is being secured by your labor. We have been swindled into endless debt.