wreckhog, well sir with that line of thinking we ( U.S.A. ) should do as China and Japan bid us to do since they send aid in the form of loans to us , RIGHT ?
God please help this country we sure need it !
SM, this is Shootall's statement. wreckhog simply replied, wrong. Reading the thread, the basis of Shootall's statement is that the argument given by many here for Israel's accountability to us is that we send them aid in the form of loans. It seems you're saying that its different with Israel because of the loans, which I've posted elsewhere is $10bn a year with no accounting trail. That's in addition to the $18bn in imports we purchase from them each year, which you state is taking jobs away from the US. So based on how much $ we send Israel's way, you think we should be able to tell them what do do, did I get that right? Between aid and purchasing, we send about $3,800 per Israeli.
Another interesting factoid, Israel also buys $10bn a year from the US, and is our largest market in the Middle East. So we get about $1400 back per Israeli, and we employ Americans, but they still wind up about $2400 per person to the better on that.
How do we look with China & Japan, the two largest economies in the world?
China, we exported $70bn, but bought $300bn, to a deficit of $230bn to their favor. That's like sending a check for $230 to every single Chinese. But China, the government not private investors, has purchased over $890 bn in US Securities. Or $2966 for every American; bottom line on the books, we're up $2630 per American because of Chinese governmental participation in our economy.
Japan, we exported $60bn, but bought $150bn, to a deficit of $90bn to their favor. Again, like sending a check for $750 to every single Japanese. Japan is second in US securities, with a current value of $765 bn. That's $2550 per American because of Japanese governmental participation in our economy.
I left private investing out.
So you might say we bought each Israeli for $2400, but we are in turn owned by Japan and China at over $2500 a head per. You might say, well we GIVE the money to Israel, no strings attached. Japan and China bought publicly traded securities. I would reply that that gives Asia greater legal claim over us than we have over Israel. Talk about jobs and markets lost; I daresay the imbalance is greater with Asia than with Israel.
BTW, Israel is also economically linked to most of Europe, Asia and Africa as well. If we stopped sending $10bn a year, their economy would not come to a screeching halt, and you may wind up paying more for Winchester Ammo. But if China and Japan cash in their securities, we are sunk. Who runs barter town again?