The petrol dollar, it all starts there. CEO of Total who was an opponent of the petrol dollar, plane crash just now...... Yeah right.
what a coincidence
Topic: When will the USA pay their debts, if ever? - page 10. (Read 20979 times)
what a coincidence
The petrol dollar, it all starts there. CEO of Total who was an opponent of the petrol dollar, plane crash just now...... Yeah right.
^Robert, "someone who owes the rest of the world 4.7 trillion USD" also has the power to print those self-same dollars, remember? You told me that yourself, or another smart feller just like u did. We don't "needs a loan of 40 billion every month," Robert.
We're a producer country, a manufacturing powerhouse.
We can print "40 billion every month" all by ourselves
We're a producer country, a manufacturing powerhouse.
We can print "40 billion every month" all by ourselves
...
Learn to love us or die.
~Your Beneficent Reptilian Overlords.
Learn to love us or die.
~Your Beneficent Reptilian Overlords.
why bother printing, just tell the Chinese you won't pay it back, after all paying back in useless papers is not really paying back, the Chinese aren't stupid.
the only problem is they won't loan any more money and America won't be able to import anymore.
...
China doesn't "loan money" to US. But to humor you:
The money owed China is USD, nothing else--not gold, not chickens, not socks.
Dollars, Robert. American Dollars. Dollars the whole world wants, and we print.
We will print up teh $$ to pay China back. Slowly. Maybe. If China behaves itself & doesn't piss us off.
But you, Robert, you should feel free to inform China about the state of its debt. Just call 911 and ask the operator to put you through to the Big Cheese in China, say "matter of world importance."
We get calls like that often, from concerned smart citizens such as yourself.
We know just what to do.
~Your Beneficent Reptilian Overlords.
You are correct to say that China is owed US dollars, which is the currency that the US government prints and has the ability to print at it's will
USA will never pay their debts, it is so much that usa can not be paid in a reasonable time.
^Robert, "someone who owes the rest of the world 4.7 trillion USD" also has the power to print those self-same dollars, remember? You told me that yourself, or another smart feller just like u did. We don't "needs a loan of 40 billion every month," Robert.
We're a producer country, a manufacturing powerhouse.
We can print "40 billion every month" all by ourselves
We're a producer country, a manufacturing powerhouse.
We can print "40 billion every month" all by ourselves
...
Learn to love us or die.
~Your Beneficent Reptilian Overlords.
Learn to love us or die.
~Your Beneficent Reptilian Overlords.
why bother printing, just tell the Chinese you won't pay it back, after all paying back in useless papers is not really paying back, the Chinese aren't stupid.
the only problem is they won't loan any more money and America won't be able to import anymore.
...
China doesn't "loan money" to US. But to humor you:
The money owed China is USD, nothing else--not gold, not chickens, not socks.
Dollars, Robert. American Dollars. Dollars the whole world wants, and we print.
We will print up teh $$ to pay China back. Slowly. Maybe. If China behaves itself & doesn't piss us off.
But you, Robert, you should feel free to inform China about the state of its debt. Just call 911 and ask the operator to put you through to the Big Cheese in China, say "matter of world importance."
We get calls like that often, from concerned smart citizens such as yourself.
We know just what to do.
~Your Beneficent Reptilian Overlords.
... The question is, has the US dug itself in too deep? I think probably...
Have you considered exactly what US "defaulting" on its debts would bring about? Are you picturing debt collectors? China choosing not to trade with us any more?
Taunting us on the interwebs perhaps?
China won't export to the US anymore, the US goes hungry e.g massive shortages of products.
^Robert, "someone who owes the rest of the world 4.7 trillion USD" also has the power to print those self-same dollars, remember? You told me that yourself, or another smart feller just like u did. We don't "needs a loan of 40 billion every month," Robert.
We're a producer country, a manufacturing powerhouse.
We can print "40 billion every month" all by ourselves
We're a producer country, a manufacturing powerhouse.
We can print "40 billion every month" all by ourselves
...
Learn to love us or die.
~Your Beneficent Reptilian Overlords.
Learn to love us or die.
~Your Beneficent Reptilian Overlords.
why bother printing, just tell the Chinese you won't pay it back, after all paying back in useless papers is not really paying back, the Chinese aren't stupid.
the only problem is they won't loan any more money and America won't be able to import anymore.
America hasn't been a manufacturing powerhouse for 30 years now, if it was it wouldn't have a 40 billion per month trade deficit.
There have been many points in US history where they could have paid back the entirety of its debt, however it was originally a strategic position to hold onto a bit of debt. IE if the US owes China a bunch of money, and then Canada moves in to attack the US, it would be in China's best interest to help protect its own money. The question is, has the US dug itself in too deep? I think probably, but with drastic measures and 20 years of a miserable tax increase, the debt could be paid off. Might be easier to just default and go to USD (are we on 4.0 now?)
As long as debt levels are sustainable, the US will not have any problems in rolling over its debt.
If we try to pay off our debts totally, we are essentially punishing this generation for the sins of past US governments.
... The question is, has the US dug itself in too deep? I think probably...
Have you considered exactly what US "defaulting" on its debts would bring about? Are you picturing debt collectors? China choosing not to trade with us any more?
Taunting us on the interwebs perhaps?
There have been many points in US history where they could have paid back the entirety of its debt, however it was originally a strategic position to hold onto a bit of debt. IE if the US owes China a bunch of money, and then Canada moves in to attack the US, it would be in China's best interest to help protect its own money. The question is, has the US dug itself in too deep? I think probably, but with drastic measures and 20 years of a miserable tax increase, the debt could be paid off. Might be easier to just default and go to USD (are we on 4.0 now?)
^Robert, "someone who owes the rest of the world 4.7 trillion USD" also has the power to print those self-same dollars, remember? You told me that yourself, or another smart feller just like u did. We don't "needs a loan of 40 billion every month," Robert.
We're a producer country, a manufacturing powerhouse.
We can print "40 billion every month" all by ourselves
We're a producer country, a manufacturing powerhouse.
We can print "40 billion every month" all by ourselves
...
Learn to love us or die.
~Your Beneficent Reptilian Overlords.
Learn to love us or die.
~Your Beneficent Reptilian Overlords.
America is a rich man, if countries were people. China is nothing more than a labor slave for cheaply made everything. China will never come looking for repayment on our debt to them. Why would they, why would anyone? You must be aware that America does in fact rule the economic policy of the world.
someone who owes the rest of the world 4.7 trillion USD is not a rich man, hes a debt slave.
http://www.tradingeconomics.com/united-states/external-debt
are you seriously asking why would anyone come collecting the money they are owed?
America used to rule the economic policy of the world more than 30 years ago when it was the biggest creditor nation and the world owed it money for all the goods it exported to them.
America today is a debt slave of China.
You really don't understand how life works. If I owe you a billion dollars and I'm stronger than you? I got you by the balls, not the other way around
Unless the only way you can survive is if i continue loaning you money.
they American government is consistently running huge deficits, the only way the it can continue to function is if China continues making the loans.
not only that but America needs a loan of 40 billion every month to keep paying for its imports.
http://www.tradingeconomics.com/united-states/balance-of-trade
its clear to me who has who by the balls, and its not the guy who goes hungry if his master stops giving him money.
America is a rich man, if countries were people. China is nothing more than a labor slave for cheaply made everything. China will never come looking for repayment on our debt to them. Why would they, why would anyone? You must be aware that America does in fact rule the economic policy of the world.
someone who owes the rest of the world 4.7 trillion USD is not a rich man, hes a debt slave.
http://www.tradingeconomics.com/united-states/external-debt
are you seriously asking why would anyone come collecting the money they are owed?
America used to rule the economic policy of the world more than 30 years ago when it was the biggest creditor nation and the world owed it money for all the goods it exported to them.
America today is a debt slave of China.
You really don't understand how life works. If I owe you a billion dollars and I'm stronger than you? I got you by the balls, not the other way around
America is a rich man, if countries were people. China is nothing more than a labor slave for cheaply made everything. China will never come looking for repayment on our debt to them. Why would they, why would anyone? You must be aware that America does in fact rule the economic policy of the world.
someone who owes the rest of the world 4.7 trillion USD is not a rich man, hes a debt slave.
http://www.tradingeconomics.com/united-states/external-debt
are you seriously asking why would anyone come collecting the money they are owed?
America used to rule the economic policy of the world more than 30 years ago when it was the biggest creditor nation and the world owed it money for all the goods it exported to them.
America today is a debt slave of China.
America is a rich man, if countries were people. China is nothing more than a labor slave for cheaply made everything. China will never come looking for repayment on our debt to them. Why would they, why would anyone? You must be aware that America does in fact rule the economic policy of the world.
China's appetite for USD is not infinite. At one point, they will either spend their USD or collect their debt from the US.
America is a rich man, if countries were people. China is nothing more than a labor slave for cheaply made everything. China will never come looking for repayment on our debt to them. Why would they, why would anyone? You must be aware that America does in fact rule the economic policy of the world.
China's appetite for USD is not infinite. At one point, they will either spend their USD or collect their debt from the US.
What about China's $23 trillion credit bubble?
The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem.
The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem.
the United States has the biggest debt, and the biggest trade deficit.
its the biggest parasite in the world, consuming 80 billion USD more than it produces every month.
a country that consistently for 20 years consumes more than it produces is by definition a parasite, and the world would have had more goods if it didnt exist because its a consistent burden on the world.
Rich men who live off their inherited wealth are parasites?
no, but America isn't a rich man.
its a deadbeat that owes trillions in debts and yet continues to live beyond its means on borrowed money.
America is a rich man, if countries were people. China is nothing more than a labor slave for cheaply made everything. China will never come looking for repayment on our debt to them. Why would they, why would anyone? You must be aware that America does in fact rule the economic policy of the world.
What about China's $23 trillion credit bubble?
The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem.
The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem.
the United States has the biggest debt, and the biggest trade deficit.
its the biggest parasite in the world, consuming 80 billion USD more than it produces every month.
a country that consistently for 20 years consumes more than it produces is by definition a parasite, and the world would have had more goods if it didnt exist because its a consistent burden on the world.
Rich men who live off their inherited wealth are parasites?
no, but America isn't a rich man.
its a deadbeat that owes trillions in debts and yet continues to live beyond its means on borrowed money.
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