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For now that may be true. But China is divesting of their Treasuries and investing in hard commodities and also the new IMF notes. Remember China has started the rumblings of a new world currency.
These things take time. IMHO the wheels are in motion for that to happen in a few years. The US will implode under it's debt load if we continue down this path of spending like there's no tomorrow.
Actually what you're seeing is probably more like China is scared ****less that were going to end up defaulting on that debt thus screwing the crap out of them.
You kids crack me up. 20 years ago the kids were saying the exact same thing about Japan.
You all should have learned a simple lesson by now watching the banking crisis play out but I guess not. If you owe someone a little bit of money they own you. If you owe them a ton of money you own them.
that is nonsense. debt is subjugation, not wealth and not power! i am not surprised to see that theory trotted out by those who are increasing the risks to america in this giant bubble they are attempting to inflate.
that is nonsense. debt is subjugation, not wealth and not power! i am not surprised to see that theory trotted out by those who are increasing the risks to america in this giant bubble they are attempting to inflate.
Oh yeah, tell that to the financial institutions that were too big too fail and those who were small enough to be allowed to fail.
Amazing. You've been bitching about this everyday for months. I guess it just proves User_ID's point that you just copy and paste crap without even understanding it.
And how in the **** am I, a person with zero debt not even a mortgage, increasing anyone's risk you fruitcake?
Oh yeah, tell that to the financial institutions that were too big too fail and those who were small enough to be allowed to fail.
Amazing. You've been bitching about this everyday for months. I guess it just proves User_ID's point that you just copy and paste crap without even understanding it.
And how in the **** am I, a person with zero debt not even a mortgage, increasing anyone's risk you fruitcake?
i must be touching a nerve since the name calling has escalated! imagine what would happen in your scenario if people withheld tax payments to the government. would the government be richer with a greater debt load? they would have more debt and, according to you, more wealth!
Sandy, are you screwing with me or are you really this dumb?
Your scenerio is backwards. It would be the people who owe not the gov't and if every single person stopped paying their taxes it would be the people who would have more control. But your example is really stupid and misses the point. This isn't about wealth it's about power. If you owe someone a gigantic amount of money you actually have the ability to exert control over them because they need you or they're screwed. Thats why banks foreclose on little twits but renegotaite with developers who owe them billions.
btw, the only nerve your touching is my disdain for stupid people. Call it a personality flaw on my part.
Sandy, are you screwing with me or are you really this dumb?
Your scenerio is backwards. It would be the people who owe not the gov't and if every single person stopped paying their taxes it would be the people who would have more control. But your example is really stupid and misses the point. This isn't about wealth it's about power. If you owe someone a gigantic amount of money you actually have the ability to exert control over them because they need you or they're screwed. Thats why banks foreclose on little twits but renegotaite with developers who owe them billions.
btw, the only nerve your touching is my disdain for stupid people. Call it a personality flaw on my part.
you are trying to twist the scenario to fit your own silly agenda. according to your theory, the more money the government owes the more power it actually has.
since our government owes gigantic amounts of money, our country should be gaining in world power and our dollar should be rising in value, yet our dollar is actually dropping in value and there are movements for currencies to veer away from the dollar.
First, since all this debt came about the dollar hasn't fallen.
Second, countries are trying to get away from our debt for exactly the reasons I've outlined. The more we owe them at this point the less control they have over us because they're never going to get repaid.
May a bomb drop on your trailer park this weekend and increase the worlds IQ 1 point.
First, since all this debt came about the dollar hasn't fallen.
Second, countries are trying to get away from our debt for exactly the reasons I've outlined. The more we owe them at this point the less control they have over us because they're never going to get repaid.
May a bomb drop on your trailer park this weekend and increase the worlds IQ 1 point.
you said the more we owe the more control we have, and now you have reversed yourself, finally admitting that there are debt levels that are not beneficial or sustainable.
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