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Originally posted by truthquest
reply to post by HotSauce
Its disturbing that someone would want to "fight for my freedom" by taking away my freedom. Lets say I want to buy oil from Saudi Arabia. Right now I have the freedom to do that. But you want to take away that freedom. People like you are the problem, not the solution.
Our economic problem absolutely nothing more than DEBT! If you want to fight an economic war then do so by paying off your debts that you owe. Since you support economic slavery of others I volunteer you to be the one to pay off my "share" of the debt, that was installed against me, and against my will.
Originally posted by GAOTU789
You may want to expand your declaration to include the rest of the BRIC countries. They will or are already waging economic warfare against both our countries.
Although it looks like they are just copying what Friedmanomics dictated was the best way to control countries. The US used it very affectively for the better part of a half century.
[edit on 23-11-2009 by GAOTU789]
Originally posted by ladyinwaiting
I'm wondering if we did suddenly decide to stop buying so many Chinese products, and ticked them off; then they decided to retaliate by demanding we instantly repay our loans/debts to them, what would happen to us in that event?
This is about as much as many people
here at ATS know about US debt.
I remember for YEARS everybody saying that Japan so owned the US
because they were at the time the largest investors.
Who really owns most US debt?
Foreign Investment accounts for only 29% which
includes China, Japan and the rest of the world
China and others are buying US debt because, despite everything, the US is seen as relatively safe investment in uncertain times. (China also likes US debt because it helps keep Chinese exports cheap.) Countries that are a bit riskier will have that reflected in a sovereign debt rating and will have to offer higher yields. But they will still have buyers at those higher yields -- either private institutions or governments that are still net creditors.
Chinese real estate has been booming. Since 2000, year estate investments grew 200% in China. The Chinese Claymore/AlphaShares China Real Estate ETF (TAO), which tracks Chinese Real Estate went up more tan 70% since January 2009.
Now add to that:
1. The demographic nightmare that China will soon be facing.
2. The global financial crisis which continues and China which will see little choice but to loosen its monetary policy even further, slashing Chinese economical growth and result in massive unemployment, which will lead to social instability.
If there is one thing that Europa underestimates than it’s the impact of a bursting Chinese Real Estate bubble. The bubble has grown mainly on the residential side of the market, but with Beijing’s 4 trillion yuan or 586 billion USD stimulus package, the bubble also started growing on the commercial side in 2009. Remember that China pumped worth 12,9% of its GDP in stimulus packages in 2009. By way of comparison: Brazil invested less than 2% of its GDP in stimulus packages to support growth.
With 70 percent of real estate investment in China coming from bank loans, a dramatic drop in land values could send shock waves throughout the economy.
Originally posted by ~Lucidity
I agree, and I'd include India too. Even if that only means pulling back our jobs and making some of our own "stuff" again to create more new jobs. It's really the only way.
Originally posted by ldyserenity
reply to post by HotSauce
You can't when all our own corporations keep outsourcing our jobs to them. They'll never stop either, because that's how they get things done cheap and make the most profit off of the products....simply put we are screwed cause the people with the power to stop the madness, won't!