Comment by Joshupeterson (from the USA) in one of the SATW comics:
This reminds me of U.S. border issues awhile back.... totally unexpected to a lot of Americans, and I found it hilarious.
Our previous president G.W. Bush wanted to try to build a concrete wall seperating the U.S. from Mexico. The plans were already passing through congress, and then... Mexico sent the U.S. with a message saying, "If you build that wall, we're calling in your debt." Turns out Mexico had been quietly and subtly buying up as much of the U.S.'s debt as possible. Turned out they had, without anyone realizing, managed to get majority ownership of the U.S. debt.
I'm just imaganing this scene:
America: "Get off my lawn Mexico..."
Mexico: *walks off quietly*
-next day Mexico is standing on America's lawn-
America: "I told you to get off my lawn!"
Mexico: "Sorry, I was just admiring your new car... you had your house mortgaged for it, I suspect?"
America: "I know you, you're just going to steal my car, aren't you? Now get off my lawn before I kick you off of it!"
Mexico: "Actually, I bought your mortgage. It's MY lawn."
America: *has an anyuresm*
I just find this weird and interesting. WHO in Mexico owns the US bonds? If it is the Mexican government, and they are in surplus, can't they make living conditions in Mexico better? Or are things in Mexico better than the stereotype suggests? Or is Mexico sticking to a conservative ideal of very small government, and lo and behold trickle-down economics don't work as intended? Or is it that Anyone-Who-Wants-To-Work-Will-Be-Empirically-Able-To-Work-And-Be-Justly-Rewarded doesn't work as intended either? Or is corruption an issue in Mexico that is keeping many people poor?
EDIT: I went looking for Mexico's ownership of US public debt. lolwikipedia doesn't think Mexico is in the top 15 owners of US debt.
I'm now assuming that that perhaps Mexico owns 0.5% of US debt, but even that's enough to make the USA want it NOT called in if at all possible to avoid. Edited, Jun 23rd 2012 12:02am by Aripyanfar