kamui Posted March 5, 2009 Report Share Posted March 5, 2009 Impossible! HH & Weird's magic tax fairy will come and make all the deficit spending turn into surpluses without doing anything! You just have that ol' GOP faith. See how well that's worked for the past 30 years? Oh. Wait. Nevermind. Cheers' date=' SD[/quote'] Well borrowing more money from China or any other country for that matter is not a good alternative. You might not know it, but the US currency is partly stabilized by China. The US bubble was financed in major parts by China who bought billions of USD during GWB's government. If China would decide to sell its dollars the USD would collapse and the USA would drown finally. Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted March 5, 2009 Report Share Posted March 5, 2009 Impossible! HH & Weird's magic tax fairy will come and make all the deficit spending turn into surpluses without doing anything! You just have that ol' GOP faith. See how well that's worked for the past 30 years? Oh. Wait. Nevermind. Cheers' date=' SD[/quote'] Well borrowing more money from China or any other country for that matter is not a good alternative. You might not know it, but the US currency is partly stabilized by China. The US bubble was financed in major parts by China who bought billions of USD during GWB's government. If China would decide to sell its dollars the USD would collapse and the USA would drown finally. Doesn't the GOP want Obama to fail and so would this not be a good way to make him fail? Link to comment Share on other sites More sharing options...
youngfarang Posted March 5, 2009 Report Share Posted March 5, 2009 Impossible! HH & Weird's magic tax fairy will come and make all the deficit spending turn into surpluses without doing anything! You just have that ol' GOP faith. See how well that's worked for the past 30 years? Oh. Wait. Nevermind. Cheers' date=' SD[/quote'] Well borrowing more money from China or any other country for that matter is not a good alternative. You might not know it, but the US currency is partly stabilized by China. The US bubble was financed in major parts by China who bought billions of USD during GWB's government. If China would decide to sell its dollars the USD would collapse and the USA would drown finally. That's the problem. Why would the United States of America want to stabalize a communist government? I want to see China's government to collapse, it eventually will because communism (modern communism) and socialism never work. We are on the edge of collapsing and Obama is behind us laughing because he holds everybods fate in his hands. It's only him. I don't want to see Obama fail, but I am not going to get excited about it because I know he is going to fail. Link to comment Share on other sites More sharing options...
youngfarang Posted March 5, 2009 Report Share Posted March 5, 2009 Impossible! HH & Weird's magic tax fairy will come and make all the deficit spending turn into surpluses without doing anything! You just have that ol' GOP faith. See how well that's worked for the past 30 years? Oh. Wait. Nevermind. Cheers' date=' SD[/quote'] Well borrowing more money from China or any other country for that matter is not a good alternative. You might not know it, but the US currency is partly stabilized by China. The US bubble was financed in major parts by China who bought billions of USD during GWB's government. If China would decide to sell its dollars the USD would collapse and the USA would drown finally. Doesn't the GOP want Obama to fail and so would this not be a good way to make him fail? No you are just taking a select few opinions and saying that everybody thinks like them. Link to comment Share on other sites More sharing options...
Old Hippie Posted March 5, 2009 Report Share Posted March 5, 2009 O.k. So who is to blame for all the dick sucking with China? Seems they all took a load or 2. I have bitched here about allowing the Chinese in to buy real estate, everyone tells me I am wrong, it is good for our economy to let the commie heathens in here...I don't see it, but hey what do I know...? Link to comment Share on other sites More sharing options...
kamui Posted March 5, 2009 Report Share Posted March 5, 2009 O.k. So who is to blame for all the dick sucking with China? Seems they all took a load or 2. I have bitched here about allowing the Chinese in to buy real estate, everyone tells me I am wrong, it is good for our economy to let the commie heathens in here...I don't see it, but hey what do I know...? If your whole economy is being based on loans, somewhere must be a loan shark who feeds the economy. In the US's case it's China... Link to comment Share on other sites More sharing options...
Steve Posted March 5, 2009 Report Share Posted March 5, 2009 My understanding is the Chinese economy is closely linked to America's. If they do sell USD, wouldn't they be cutting their own throats and throw their economy into shambles? Or is this not the case? My understanding its a symbiotic-economic relationship. Both countries need each other right now. Right? Wrong? Link to comment Share on other sites More sharing options...
kamui Posted March 6, 2009 Report Share Posted March 6, 2009 My understanding is the Chinese economy is closely linked to America's. If they do sell USD, wouldn't they be cutting their own throats and throw their economy into shambles? Or is this not the case? My understanding its a symbiotic-economic relationship. Both countries need each other right now. Right? Wrong? I think the Chinese are extremely tough and they use all means (legal or not) to achieve their political or economic goals, but at the same time their seem to have a long term strategy in dealing with the West. They attack the West in core markets like oil and other raw products and in processed goods as well. But as you said, we are living in a globalized word. The Chinese are very much aware of the fact that the global economy would go much further down if they would sell their huge USD war chest. But it is a powerful token China can play at any time against the USA. Anyway, currently Chinese high ranking officials are traveling through Europe looking for companies to buy. Until recently the Europeans might have been reluctant to sell to Chinese, now they are happy (like the car maker Volvo) about anybody knocking at their door. Link to comment Share on other sites More sharing options...
.. Posted March 6, 2009 Report Share Posted March 6, 2009 Impossible! HH & Weird's magic tax fairy will come and make all the deficit spending turn into surpluses without doing anything! You just have that ol' GOP faith. See how well that's worked for the past 30 years? Oh. Wait. Nevermind. Cheers' date=' SD[/quote'] Well borrowing more money from China or any other country for that matter is not a good alternative. You might not know it, but the US currency is partly stabilized by China. The US bubble was financed in major parts by China who bought billions of USD during GWB's government. If China would decide to sell its dollars the USD would collapse and the USA would drown finally. That's the problem. Why would the United States of America want to stabalize a communist government? I want to see China's government to collapse, it eventually will because communism (modern communism) and socialism never work. We are on the edge of collapsing and Obama is behind us laughing because he holds everybods fate in his hands. It's only him. I don't want to see Obama fail, but I am not going to get excited about it because I know he is going to fail. You're backwards there mate. The Chinese are holding up the US, not the other way around... As far as the silliness about "socialism," well, that's just not worth replying to until you get a better understanding about what that means. Cheers, SD Link to comment Share on other sites More sharing options...
rchapstick Posted March 6, 2009 Report Share Posted March 6, 2009 Impossible! HH & Weird's magic tax fairy will come and make all the deficit spending turn into surpluses without doing anything! You just have that ol' GOP faith. See how well that's worked for the past 30 years? Oh. Wait. Nevermind. Cheers' date=' SD[/quote'] Well borrowing more money from China or any other country for that matter is not a good alternative. You might not know it, but the US currency is partly stabilized by China. The US bubble was financed in major parts by China who bought billions of USD during GWB's government. If China would decide to sell its dollars the USD would collapse and the USA would drown finally. That's the problem. Why would the United States of America want to stabalize a communist government? I want to see China's government to collapse, it eventually will because communism (modern communism) and socialism never work. We are on the edge of collapsing and Obama is behind us laughing because he holds everybods fate in his hands. It's only him. I don't want to see Obama fail, but I am not going to get excited about it because I know he is going to fail. You're backwards there mate. The Chinese are holding up the US, not the other way around... As far as the silliness about "socialism," well, that's just not worth replying to until you get a better understanding about what that means. Cheers, SD nonsense SD. YF learned all about socialism in woodshop. God bless higher education. BTW, if the Chinese decided to take us down, they'd be cutting their own throats. The bonds they own would become worthless, and the output from their factories would have nowhere to go. So, for now, they will continue to buy our bonds in the hope that we recover and buy their crap at Walmart. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.