Topic: When will the USA pay their debts, if ever? - page 11. (Read 20985 times)
Never, never, never. Debts of USA is too much big to be payed. Anyway, if USA will begin to sell his oils, there would be a prospect to save the american economy.
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?
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.
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.
Never will they pay their debts. Even if they pay or not, nothing will ever happen to them because the world's reserve currency is still in USD. Unless that change..
They won't even try to pay their debts, as long as they rule this world.
Never will they pay their debts. Even if they pay or not, nothing will ever happen to them because the world's reserve currency is still in USD. Unless that change..
Never.. US will pay their debts thru services.
You are a funny guy. Thanks for the laughs.
They will never pay anything back.
the really sad part is how the American government is so dependent on foreign loans.
http://www.tradingeconomics.com/united-states/government-budget-value
129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.
Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417
http://www.tradingeconomics.com/united-states/government-budget-value
129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.
Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417
You got it the wrong way. China will keep producing for USA and continue feeding them as otherwise if it collapse then all the dollars they have is worthless. USA is in a solid position, they buy with dollars which they know the sellers will try and keep propping up.
you assume China will continue throwing good money after bad forever.
they are already working with the BRICS to get rid of the dollar
http://www.standartnews.com/english/read/russia_and_china_team_up_to_destroy_the_petro_dollar-5652.html
the end game is near, once China refuses to accept dollars for products America goes hungry.
nothing China can do will make the dollar successful in the sense that you can exchange it for products, America doesn't produce anything anymore and China knows it, they'll have to take a loss there's no way around it.
other countries are starting to sign currency swap deals to trade in their local currencies directly without using dollars, once they stop pricing their products in dollars the game is over.
http://money.cnn.com/2013/10/10/news/economy/ecb-china-currency/
China already signed an agreement with England to swap local currencies and now they do it with the EU, they are not going to continue playing the dollar ponzi, they are actively working on dumping it.
the US war machine buys its oil with borrowed Chinese money.
no Chinese money - no war machine.
if those goods and services are foreign how exactly does the US economy produce them?
if the product is produced in China then thats a chinese product, its bought with yuan, the factory workers are paid in yuan and the taxes are paid in yuan.
if the US economy were to tank the world would be better off.
the US is a net consumer it doesn't produce anywhere near as much as it consumes, it is a burden on the world.
The Chinese economy would suffer if the US were to reduce it's demand for Chinese products, and it has after the past several US economic downturns.
The US has other ways to finance it's budget deficit other then Chinese borrowing, especially in times of war
You're talking as if labor is not a means but a goal.
why do people work? to produce goods they can trade for other things they want.
what good is it to give your goods to someone who has nothing to give you for it except useless I.O.U papers?
working to produce goods to "sell" to America is as good as working and burning all the goods you produce.
if China doesn't loan the US money the only way to "finance" its budget deficit is by printing more money which will bring hyperinflation.
the really sad part is how the American government is so dependent on foreign loans.
http://www.tradingeconomics.com/united-states/government-budget-value
129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.
Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417
http://www.tradingeconomics.com/united-states/government-budget-value
129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.
Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417
You got it the wrong way. China will keep producing for USA and continue feeding them as otherwise if it collapse then all the dollars they have is worthless. USA is in a solid position, they buy with dollars which they know the sellers will try and keep propping up.
you assume China will continue throwing good money after bad forever.
they are already working with the BRICS to get rid of the dollar
http://www.standartnews.com/english/read/russia_and_china_team_up_to_destroy_the_petro_dollar-5652.html
the end game is near, once China refuses to accept dollars for products America goes hungry.
nothing China can do will make the dollar successful in the sense that you can exchange it for products, America doesn't produce anything anymore and China knows it, they'll have to take a loss there's no way around it.
other countries are starting to sign currency swap deals to trade in their local currencies directly without using dollars, once they stop pricing their products in dollars the game is over.
http://money.cnn.com/2013/10/10/news/economy/ecb-china-currency/
China already signed an agreement with England to swap local currencies and now they do it with the EU, they are not going to continue playing the dollar ponzi, they are actively working on dumping it.
the US war machine buys its oil with borrowed Chinese money.
no Chinese money - no war machine.
if those goods and services are foreign how exactly does the US economy produce them?
if the product is produced in China then thats a chinese product, its bought with yuan, the factory workers are paid in yuan and the taxes are paid in yuan.
if the US economy were to tank the world would be better off.
the US is a net consumer it doesn't produce anywhere near as much as it consumes, it is a burden on the world.
The Chinese economy would suffer if the US were to reduce it's demand for Chinese products, and it has after the past several US economic downturns.
The US has other ways to finance it's budget deficit other then Chinese borrowing, especially in times of war
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.
Never.. US will pay their debts thru services.
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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.
Well technically China also holds its own for debt
But you have a poiint
http://www.ft.com/intl/cms/s/0/895604ac-10d8-11e4-812b-00144feabdc0.html
The question though is more how efficient a country is in utilizing its debt and converting it into GDP
the really sad part is how the American government is so dependent on foreign loans.
http://www.tradingeconomics.com/united-states/government-budget-value
129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.
Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417
http://www.tradingeconomics.com/united-states/government-budget-value
129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.
Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417
You got it the wrong way. China will keep producing for USA and continue feeding them as otherwise if it collapse then all the dollars they have is worthless. USA is in a solid position, they buy with dollars which they know the sellers will try and keep propping up.
you assume China will continue throwing good money after bad forever.
they are already working with the BRICS to get rid of the dollar
http://www.standartnews.com/english/read/russia_and_china_team_up_to_destroy_the_petro_dollar-5652.html
the end game is near, once China refuses to accept dollars for products America goes hungry.
Yes, they are the real losers in all these. Serves them right to have kept up saving up dollars by huge numbers. Now they have to keep on buying dollars to hold it up so that the existing ones they have are not useless.
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 really sad part is how the American government is so dependent on foreign loans.
http://www.tradingeconomics.com/united-states/government-budget-value
129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.
Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417
http://www.tradingeconomics.com/united-states/government-budget-value
129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.
Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417
You got it the wrong way. China will keep producing for USA and continue feeding them as otherwise if it collapse then all the dollars they have is worthless. USA is in a solid position, they buy with dollars which they know the sellers will try and keep propping up.
you assume China will continue throwing good money after bad forever.
they are already working with the BRICS to get rid of the dollar
http://www.standartnews.com/english/read/russia_and_china_team_up_to_destroy_the_petro_dollar-5652.html
the end game is near, once China refuses to accept dollars for products America goes hungry.
Yes, they are the real losers in all these. Serves them right to have kept up saving up dollars by huge numbers. Now they have to keep on buying dollars to hold it up so that the existing ones they have are not useless.
the really sad part is how the American government is so dependent on foreign loans.
http://www.tradingeconomics.com/united-states/government-budget-value
129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.
Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417
http://www.tradingeconomics.com/united-states/government-budget-value
129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.
Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417
You got it the wrong way. China will keep producing for USA and continue feeding them as otherwise if it collapse then all the dollars they have is worthless. USA is in a solid position, they buy with dollars which they know the sellers will try and keep propping up.
you assume China will continue throwing good money after bad forever.
they are already working with the BRICS to get rid of the dollar
http://www.standartnews.com/english/read/russia_and_china_team_up_to_destroy_the_petro_dollar-5652.html
the end game is near, once China refuses to accept dollars for products America goes hungry.
nothing China can do will make the dollar successful in the sense that you can exchange it for products, America doesn't produce anything anymore and China knows it, they'll have to take a loss there's no way around it.
other countries are starting to sign currency swap deals to trade in their local currencies directly without using dollars, once they stop pricing their products in dollars the game is over.
http://money.cnn.com/2013/10/10/news/economy/ecb-china-currency/
China already signed an agreement with England to swap local currencies and now they do it with the EU, they are not going to continue playing the dollar ponzi, they are actively working on dumping it.
the US war machine buys its oil with borrowed Chinese money.
no Chinese money - no war machine.
if those goods and services are foreign how exactly does the US economy produce them?
if the product is produced in China then thats a chinese product, its bought with yuan, the factory workers are paid in yuan and the taxes are paid in yuan.
if the US economy were to tank the world would be better off.
the US is a net consumer it doesn't produce anywhere near as much as it consumes, it is a burden on the world.
There's too much treasury paper sitting in global reserves.. echoing a different time already now far in the past. At some point the "reserves" will be "cashed in" rather than rolled-over even if that crashes the purchasing power returned. And while all that USD cash (already on the books, just not-yet-printed) can then circulate around the world for a while, it'll find its way home where it brings the long-exported "USD price inflation on local store shelves". All that "cheap China stuff" may look rather pricey then.
Printing printing printing papers all over the place to cover debt with more debt
illusions - ill - lusions
illusions - ill - lusions
the really sad part is how the American government is so dependent on foreign loans.
http://www.tradingeconomics.com/united-states/government-budget-value
129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.
Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417
http://www.tradingeconomics.com/united-states/government-budget-value
129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.
Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417
You got it the wrong way. China will keep producing for USA and continue feeding them as otherwise if it collapse then all the dollars they have is worthless. USA is in a solid position, they buy with dollars which they know the sellers will try and keep propping up.
you assume China will continue throwing good money after bad forever.
they are already working with the BRICS to get rid of the dollar
http://www.standartnews.com/english/read/russia_and_china_team_up_to_destroy_the_petro_dollar-5652.html
the end game is near, once China refuses to accept dollars for products America goes hungry.
nothing China can do will make the dollar successful in the sense that you can exchange it for products, America doesn't produce anything anymore and China knows it, they'll have to take a loss there's no way around it.
other countries are starting to sign currency swap deals to trade in their local currencies directly without using dollars, once they stop pricing their products in dollars the game is over.
http://money.cnn.com/2013/10/10/news/economy/ecb-china-currency/
China already signed an agreement with England to swap local currencies and now they do it with the EU, they are not going to continue playing the dollar ponzi, they are actively working on dumping it.
the really sad part is how the American government is so dependent on foreign loans.
http://www.tradingeconomics.com/united-states/government-budget-value
129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.
Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417
http://www.tradingeconomics.com/united-states/government-budget-value
129 billion government deficit just in august, if China doesn't loan any more money either the American army goes starving or the American government plunders its population for money.
America used to be the worlds biggest creditor nation, it has become the debt slave of the Chinese,
when one looks at the data it becomes clear who the real world power is.
Peter Schiff has it right https://www.youtube.com/watch?v=EgMclXX5msc&feature=player_detailpage#t=2417
You got it the wrong way. China will keep producing for USA and continue feeding them as otherwise if it collapse then all the dollars they have is worthless. USA is in a solid position, they buy with dollars which they know the sellers will try and keep propping up.
you assume China will continue throwing good money after bad forever.
they are already working with the BRICS to get rid of the dollar
http://www.standartnews.com/english/read/russia_and_china_team_up_to_destroy_the_petro_dollar-5652.html
the end game is near, once China refuses to accept dollars for products America goes hungry.
nothing China can do will make the dollar successful in the sense that you can exchange it for products, America doesn't produce anything anymore and China knows it, they'll have to take a loss there's no way around it.
other countries are starting to sign currency swap deals to trade in their local currencies directly without using dollars, once they stop pricing their products in dollars the game is over.
http://money.cnn.com/2013/10/10/news/economy/ecb-china-currency/
China already signed an agreement with England to swap local currencies and now they do it with the EU, they are not going to continue playing the dollar ponzi, they are actively working on dumping it.
China is exchanging dollars for pounds and euros however they are still buying more dollars then they are selling, making them a net buyer of dollars. It has been reported they are only trying to diversify their currency holdings
the dollar can't remain stable, the American government is running huge deficits and China is not buying bonds as much as it used to.
the only way this can continue is by having the fed buy bonds with printed money a.k.a QE, this will create high inflation first in the financial markets and then in consumer goods.
the American government is helpless in stopping inflation because raising interest rates will make it impossible to continue rolling its huge debt.
no one is going to price commodities in a currency that is inflating out of control.
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