Why does the United States owes china so much money?

Answer 1

There you have it!! The interest...why does US goverment have to pay interest for the money it uses as a medium of exchange. Because US goverment does not print it's own money and have to pay interest to the Federal reserve (privately owned!!) for the money it could have printed on its own (like Abraham Lincoln did ..)

So agreed that it would still have to pay interest to China, but it would get rid of the interest as well as half of its debt (which is to the FED) and the interest!!

Then if US improves it's economy and produce stuff then to consume, it can pay off China's debt which is merely 10% of its total debt!

I really don't care, but why do we owe money to China?

Answer 2

we owe china more than 400 billion dollars because they are shipping their supplies that they make for us and everytime they do it we owe them another 300-1,000 dollars.We dont need their products we can make them for ourselves.Thats what I believe.

Answer 3

well it owes me 30 000 us dollars just kidding china does not owe anyone because they are a peaceful nation like all the other countries

Answer 4

15,622,137,360,542,58. See brillig.com/debt_clock/

Answer 5

Because we borrowed the money for the banks bail out money. That is where the $700 billion came from

Answer 6

We owe 1.2 Trillion dollars according to Plant Money podcast Discipline and Forgiveness.

Answer 7

$644 Billion

Answer 8

The comas should be moved one number to the left:

1.5 trillion

Answer 9

You