LOL its cute how some of you are paranoid about China.
China the new world police?
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they were saying germany didn't have huge inflation problems, unpayable debts leftover from impossibly tough sanctions from a deadly, drawn out world war, that crushed it's economy? WTF are you smoking?And that's exactly what they were saying about Germany in the 30's. People laughed at Churchill right up till Germany invaded Poland. Fucking idiots.
You two both missed the point obviously. Any country willing to sacrifice it's own fucking people for the sake of industry (don't even try to compare the US with China here lefties) and that is buddy buddy with countries like North Korea and Iran should never be trusted and kept an eye on vigilantly.
if you want to worry about china, worry about their banking system, IP protection, shady corporate governance, and oppression of personal freedoms. What do you think would happen to their $4 trillion in US bonds if they dropped a bomb on us?Comment
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what do you think would happen if the US defaults on their loan to China?
Serious QuestionBuild your own dreams, or someone else will hire you to build theirs!
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ThatThe American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de TocquevilleOriginally posted by FusionIf a car is the epitome of freedom, than an electric car is house arrest with your wife titty fucking your next door neighbor.
The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken
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okay, MR smart guy. Say we default on $4 trillion in debt to china. Aside from the massive scale of financial destruction it would cause, our interest rates would skyrocket and we'd be priced out of bond markets (if any still existed afterwards). Assuming this was because we're at war with china - where do you think we got the money to pay for WWII? How would we pay for a hypothetical WWIII with china if we couldn't borrow any money?
it's as asinine to ask that question as the three I posed above.Comment
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okay, MR smart guy. Say we default on $4 trillion in debt to china. Aside from the massive scale of financial destruction it would cause, our interest rates would skyrocket and we'd be priced out of bond markets (if any still existed afterwards). Assuming this was because we're at war with china - where do you think we got the money to pay for WWII? How would we pay for a hypothetical WWIII with china if we couldn't borrow any money?
it's as asinine to ask that question as the three I posed above.
The US funded WW2 off the backs of the American People.
If the US defaulted on its loan it would cripple the world Economy. Most likely the FED would keep printing money till no one would take our worthless currency. China would have to act and most likely start repossessing to protect their National Interests. China would bring us to our knees with out firing 1 round.
If you think the United States is too big to fail, you might want to read some other history and find other great nations thought the same.Build your own dreams, or someone else will hire you to build theirs!
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you fucking loon. The fact that you even comment about china like that means you havent even set foot there to understand that it isn't a nightmare as you so thinkAnd that's exactly what they were saying about Germany in the 30's. People laughed at Churchill right up till Germany invaded Poland. Fucking idiots.
You two both missed the point obviously. Any country willing to sacrifice it's own fucking people for the sake of industry (don't even try to compare the US with China here lefties) and that is buddy buddy with countries like North Korea and Iran should never be trusted and kept an eye on vigilantly.
Contrary to the exaggerated reports or conspiracy theories u read up on, China now is like the US its industrial revolution, not every citizen well benefit but the fact that they moved an entire population that equates to the size of the US out of poverty in a little less than 3 decades is nothing more than spectacular. Their freedoms and liberties are continuing to grow while ours continue to shrink (thanks to fear mongering "leaders" like yourself) so before you bitch and worry about another countries policies take a look at ur own and do something about it! because honestly, the citizen's of China doesnt give 2 cents a shit less about us Americans unless you decide to screw their way of life by force.
Who am I to talk to you like this? I'm a proud American born Chinese and I make visits to my poorest relatives (and what you may consider oppressed) in provinces and villages in China (The likes of you have never even heard outside of "Beijing" or "Shanghai") who unlike most Americans, admire to be come like us, rather than envy and wishing our doom.
-Blame my typos on my fat fingers & Droid ChargeLast edited by bmwstephen; 12-07-2011, 09:04 AM.Comment
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Build your own dreams, or someone else will hire you to build theirs!
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we funded WWII by selling US bonds. Not by gifts. we're still paying for it now. We're also paying for Korea, Vietnam, Iraq, Afghanistant, etc. etc. with US bonds. Hell, we only just paid off some of the earlier wars from the 1800s.The US funded WW2 off the backs of the American People.
If the US defaulted on its loan it would cripple the world Economy. Most likely the FED would keep printing money till no one would take our worthless currency. China would have to act and most likely start repossessing to protect their National Interests. China would bring us to our knees with out firing 1 round.
If you think the United States is too big to fail, you might want to read some other history and find other great nations thought the same.
any future wars have to be paid for by borrowing. The fed couldn't print it's way out of it - where would be buy the oil needed to run the war machines? how would we aquire the massive amounts of steel and materials? All of that stuff is denominated in dollars. printing money wouldn't give us the ability to buy them, it would just inflate their prices.
I never said anything about being too big to fail.
the two scenarios:
China for some unknown reason, attacks the US, even though they own 1/3 of our debt. Also we account for a huge portion of their export based economy. Who does that benefit?
the US, for whatever reason, decides it's not going to pay $4 trillion in bonds back to china. the $32 trillion dollar US bond market implodes (almost $1 trillion a day volume), taking with it every market in the entire world. We can't borrow any more, we can't export, and we can't import (everyone else's economy is dead too). Who does that benefit exactly?
what exactly do you think china would "repossess"? There would be nothing left of any market or economy to have any value.
just look at what's happened in the past few months from greece, a tiny country with a few hundred billion in debt. it's made a huge dent in the world economy. in august, just the thought of the US semi-defaulting sent the markets into a tailspin.Comment


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