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Old 02-17-2012, 03:17 PM
 
11,944 posts, read 14,757,212 times
Reputation: 2772

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Quote:
Originally Posted by PullMyFinger View Post
Can I ask a dumb question? If we owe them dollars, and they start to pressure us can we just print a trillion dollars and ship it to them? I suppose they would declare war if we did that since those dollars would be worth like a dime.
Not dumb at all. It's the nature of our monetary system in sore need of upgrading. But even on a micro scale with bank repos-- if the family farm waiting on the calendar to cycle around for the next harvest after locusts took out the last crop, it ought to be in the best interest of the banks to observe forebearance rather than forclosure. That is unless they've put themselves in the business of owning everything. Then they're a different animal.

And here we stand with troubled financial institutions in the real estate business with huge inventory of toxic assets. And here we stand with China in the driver seat. Globalization is like the 'freedom' for every man woman and child to contract gonorrhea for the crime of needing to use a restroom.
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Old 02-17-2012, 03:22 PM
 
Location: Democratic Peoples Republic of Redneckistan
11,078 posts, read 15,054,854 times
Reputation: 3936
Quote:
Originally Posted by clb10 View Post
What Happens When China Stops Buying Our Debt? - DailyFinance



Your grandchildren and theirs will be paying back China for a long time.

How much are the American National Forests worth in timber and water rights to China?

How about mineral rights in Idaho and Montana?

It is imperative that America keeps China happy or else they may issue Americans an invoice!
I think since the politicians sold us out to China,we should sell their multiple homes,cars,boats,retirement funds etc etc first to pay the Chinks back...I didn't borrow the money,so I don't owe it.
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Old 02-17-2012, 03:23 PM
 
Location: My little patch of Earth
6,193 posts, read 5,359,673 times
Reputation: 3058
Quote:
Originally Posted by PullMyFinger View Post
Can I ask a dumb question? If we owe them dollars, and they start to pressure us can we just print a trillion dollars and ship it to them? I suppose they would declare war if we did that since those dollars would be worth like a dime.
My god.....do you know how much it would cost to ship 1 trillion dollars?

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Old 02-17-2012, 03:26 PM
 
Location: Texas
9,189 posts, read 7,578,626 times
Reputation: 7801
I see this as basically a flame bait thread.
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Old 02-17-2012, 03:32 PM
 
Location: Central Ohio
10,823 posts, read 14,900,285 times
Reputation: 16537
Quote:
Originally Posted by clb10 View Post
What Happens When China Stops Buying Our Debt? - DailyFinance



Your grandchildren and theirs will be paying back China for a long time.

How much are the American National Forests worth in timber and water rights to China?

How about mineral rights in Idaho and Montana?

It is imperative that America keeps China happy or else they may issue Americans an invoice!
Give them California and NewYork
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Old 02-17-2012, 03:39 PM
 
3,498 posts, read 2,213,990 times
Reputation: 646
Quote:
Originally Posted by nicet4 View Post
Give them California and NewYork
Why do you dislike the place that was attacked on 9/11?
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Old 02-17-2012, 03:40 PM
 
Location: The South
767 posts, read 2,286,845 times
Reputation: 703
Quote:
Originally Posted by P Daley View Post
We can give them Alabama, Mississippi, South Carolina, Kansas, Iowa, Nebraska, Oklahoma and about 13 other useless places. Basically about everything between Illinois and Nevada!
The top of my list is chicago and all its spawn.
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Old 02-17-2012, 03:41 PM
 
Location: southern california
61,289 posts, read 87,260,493 times
Reputation: 55556
i dont know if that would satisfy them but i think very soon, AIG is guna sell a whole lota houses to them. meet your new landlord.
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Old 02-17-2012, 03:56 PM
 
3,498 posts, read 2,213,990 times
Reputation: 646
Quote:
Originally Posted by fitzy24 View Post
I see this as basically a flame bait thread.
You didn't know this the second you read it.
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Old 02-17-2012, 04:03 PM
 
2,635 posts, read 3,505,286 times
Reputation: 1686
I start with the states with the lowest Gross Domestic Product. This would be Idaho, Montana, N/S Dakota, then Maine, Vermont, New Hampshire, and Rhode Island. For those of you who want to give away New York, California, Texas, Illinois and Florida: These states account for more than $5 trillion of the U.S. $13 trillion GDP; this is more than the bottom 37 states combined. Here's the data from the Bureau of Economic Analysis: http://bea.gov/iTable/iTable.cfm?reqid=99&step=1

California 1,731,848
Texas 1,106,236
New York 1,034,339
Florida 673,375
Illinois 581,259
Pennsylvania 505,935
New Jersey 438,721
Ohio 426,116
North Carolina 380,631
Virginia 380,609
Georgia 361,993
Michigan 344,871
Massachusetts 342,123
Washington 306,633
Maryland 264,882
Indiana 245,442
Minnesota 243,404
Colorado 235,152
Tennessee 228,716
Arizona 228,486
Wisconsin 221,293
Missouri 217,320
Connecticut 211,345
Louisiana 195,171
Oregon 166,725
Alabama 154,124
South Carolina 145,134
Kentucky 144,612
Oklahoma 133,464
Iowa 127,666
Kansas 114,021
Nevada 111,590
Utah 102,801
Arkansas 91,828
District of Columbia 90,716
Mississippi 87,075
Nebraska 79,674
New Mexico 72,802
Hawaii 59,329
Delaware 56,199
West Virginia 55,992
New Hampshire 54,587
Idaho 50,702
Maine 45,950
Alaska 45,046
Rhode Island 44,014
South Dakota 36,272
Wyoming 34,409
Montana 31,809
North Dakota 31,254
Vermont 23,140

Last edited by Smoke_Jaguar4; 02-17-2012 at 04:05 PM.. Reason: fixed formatting
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