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Originally posted by gimme_some_truth
I'm not to worried. What are they going to do, come and take their money? No.
Originally posted by hillynilly
I do not give a horses pa toot
about what the chinacons have to say.
What are they going to do?
Send the * samurais*
tell china they can go blank themselves we as a nation need to quit buying manufactured goods from china we need to tell corporations if they want to sell goods here they need to make them HERE the global corporations crap has got to go .
Solution: Don't pay the banksters
There's another wrong assumption controlling this debate over debt, that the banks, the debt holders, must be paid. When the bankers and the Chinese and the Saudis lent Bush three trillion dollars for his wild-ass buying party, they were betting, like any investor, on the good faith of the borrower to pay it back.
So, let Hu Jintao and King Abdullah stick a collection agency on Cantor and the other Republican shirkers. Repossess their limousines or send The Boys around to remind Cantor what happens when you don't pay what you owe.
The President should say to Hu, the Sheik and Goldman-Sachs:
"I have identified $3 trillion in Treasury notes issued between 2001 and 2008 which were lent to fund President Bush's expenditures. Unfortunately, those who borrowed your money don't want to pay it back. You made a bad investment -- but that's how the free market works. Therefore, I am suspending payments on these Treasury notes until we can round up the deadbeats and make them live up to their commitments.
"As President, I have the Constitutional duty to pay the bills of the Veterans Administration, the Social Security fund and other vital services already voted and appropriated by Congress. Military pay before banker pay. Get used to it."
Will the bankers have heart attacks? I hope so. (Maybe if bankers are ill, the GOP will vote for universal health care.) Will China refuse to buy more US debt? Not a chance: The Chinese cannot afford a devaluation of the $2-3 trillion in US Treasury notes they have in their pokey, a devaluation which would surely follow their abandoning the US treasuries.
That is very simplistic, shame you haven't acknowledged that the US has been pissing off most of the Eastern world for the past 30 years. China may not be credible on their own but if they partner up then you may be in trouble.
In 2009 Bush detailed the implementation of the North American Union whereby Canada, America and Mexico will become 1 union just like the EU. The currency will change from the dollar to the 'Amero'.
Hate to break it to you but our wars are a small fraction of the big problem.
Originally posted by Wyn Hawks
...we wouldnt have a debt problem if we werent spending trillions on war and sticking our nose in everyone's biz... thats the problem... not china...
Originally posted by sir_slide
I think some people are forgetting what is actually made in china, the majority of the products on the shelves are made there, it's scary to think about. People may also find that they won't be able to afford said products if they are not made in china. It certainly is a conundrum.
My family was recently in China and you would be surprised at how affluent the society is becoming. It seems that they may have gotten to a point where they don't need to rely on western demand for their products because their own people are getting to where they can largely afford to sustain their own industries, you really would be surprised at how affluent they are becoming.
There has been a sharpened axe hanging over America's head for a while now and it was only really a matter of time. I also think that China have definitely played the 'long game' here and basically let the States dig itself so deep it can never climb out. Can you blame them? It's been working great for them.
I thought they ditched the Amero? I don't see how after all the years of exploiting the American continent that when the States are bought to their knees that countries who quite literally despise America will welcome them with open arms. Take a look at Panama, Venezuela, Ecuador etc, after all that the economic hit men and jackals have down to these countries I don't find it likely that they will welcome a power diminished United states with open arms. I could be wrong though.
Originally posted by caladonea
I never thought in my wildest dreams that America would be in this sort of trouble. During the Clinton administration...we were doing fine....what happened?
Originally posted by Wyn Hawks
Originally posted by Xcathdra
reply to post by Wyn Hawks
You guys really need to get over the blame George W game.
...i'm not a guy nor am i a plural and i'll blame anyone i want, kid...