BoatBanter.com - View Single Post

bpuharic

On Fri, 01 Oct 2010 01:13:19 -0400, wrote:

On Thu, 30 Sep 2010 22:43:35 -0400, bpuharic wrote:

On Thu, 30 Sep 2010 22:32:41 -0400, wrote:

Certainly it can. All it would take is for China to stop buying our
debt and dump their dollars on the world money markets.

john maynard keynes once said, if you owe the bank $1000 you have a
problem. if you owe it $1M, they have a problem

china's not going to dump anything. you think they want to lose money?

what planet you right wingers live on?

That is the same kind of logic that said Japan would never attack
Pearl Harbor.

so your argument is that china will take a trillion dollar loss? has
that ever happened? all you have to do is point out an event in
history and you'll have an argument

Short term money loss is not the only thing some countries think
about, even if that is such a strange concept to us.
China is in better shape to come out of a global depression than we
are and they will own the world when they do.

we're in such a depression now, remember. they aren't dumping
anything. so your experiment doesnt work

The rich people here will be fine, they already operate quite well in
the global economy. It will be your middle class that becomes serfs in
a neo-colonial America growing food, cutting wood and mining
materials for China.

they already are becoming serfs. they just dont realize it. a recent
study shows that americans have NO idea how skewed income and wealth
are in this country. and the right is certainly helping to keep this a
secret