On Jan 24, 3:02*pm, "Eisboch" wrote:
"Canuck57" wrote in message

...



Chinese are tightening their credit. *I thinks Obama's problems just got
worse. *Especially if China wants some of that maturing US debt paid off.

What happens if the USA just says, "No"?

Just curious.

Eisboch

They'll quit selling their products here. That'll show us.

On Sun, 24 Jan 2010 15:02:26 -0500, "Eisboch"
wrote:


"Canuck57" wrote in message
...

Chinese are tightening their credit. I thinks Obama's problems just got
worse. Especially if China wants some of that maturing US debt paid off.


What happens if the USA just says, "No"?

Just curious.

Eisboch

actually this was discussed in milton friedman's book. he thought it
would be wonderful if other countries sent us cars, boats, food, etc.

and we sent them paper.

"Eisboch" wrote in message
...

"Canuck57" wrote in message
...

Chinese are tightening their credit. I thinks Obama's problems just got
worse. Especially if China wants some of that maturing US debt paid off.


What happens if the USA just says, "No"?

Just curious.

Eisboch


Excellent question, actually. That's China's worst nightmare. With all the
hysteria about our "debt," you have to remember that they're making a profit
by us serving the debt. The last thing they want is for us to not make the
payment. They'd be in much worse shape if we defaulted. They know this. They
have no intention of cutting us off from the money supply, as long as make a
good-faith effort to get our fiscal house in order. We're certainly working
toward that now, as opposed to what the previous admininstration did.

--
Nom=de=Plume

In article ,
says...

"Canuck57" wrote in message
...

Chinese are tightening their credit. I thinks Obama's problems just got
worse. Especially if China wants some of that maturing US debt paid off.


What happens if the USA just says, "No"?

Just curious.

Eisboch

They slow down or stop a few freighters coming to our shores and in a
few months we don't have anything from Toothpicks, to spare parts for
Tanks and what's left of our manufacturing base and infrastructure begs
for spare parts and materials...

Scotty

In article f59dda3b-def7-4970-a98a-c5314f862444
@h34g2000yqm.googlegroups.com, says...

On Jan 24, 3:02*pm, "Eisboch" wrote:
"Canuck57" wrote in message

...



Chinese are tightening their credit. *I thinks Obama's problems just got
worse. *Especially if China wants some of that maturing US debt paid off.

What happens if the USA just says, "No"?

Just curious.

Eisboch

They'll quit selling their products here. That'll show us.

I dare you to walk around your house and find 10 items you need to live
life the way you do.. Then do an Internet search and see if you could
have those items if the Chinese stopped making them or the parts for
them... OK, you might be able to do it if you tried, but if everyone in
the country was trying to buy a pair of socks from the last company in
the US that made them (BTW I don't think anybody here does) we would run
out pretty quickly.

Scotty

wrote in message
...
On Sun, 24 Jan 2010 11:13:31 -0800, "nom=de=plume"
wrote:

There will be no meaningful recovery until we find a way to replace
all the jobs that we have sent offshore.


Not sure I agree with the "replace all" comment, but I do certainly agree
with the rest of the statement.


I am not sure why you disagree with "all" unless you mean "all plus
the new kids entering the market".
Our economy has been based on the middle class having good jobs. We
really have to start making things here again.
Maybe we should have a telethon to collect money to rebuild the US
infrastructure after we are done in Haiti..



If you use a term such as "all" or "every" it's almost always wrong. Some
jobs won't be replaced.

--
Nom=de=Plume

wrote in message
...
On Sun, 24 Jan 2010 15:02:26 -0500, "Eisboch"
wrote:

Chinese are tightening their credit. I thinks Obama's problems just got
worse. Especially if China wants some of that maturing US debt paid
off.


What happens if the USA just says, "No"?

Just curious.

Short answer ...
The dollar would be devalued and oil would cost more, among other
things.


And the Chinese economy would tank.

--
Nom=de=Plume

On 24/01/2010 3:55 PM, wrote:
On Sun, 24 Jan 2010 11:13:31 -0800, "nom=de=plume"
wrote:

There will be no meaningful recovery until we find a way to replace
all the jobs that we have sent offshore.


Not sure I agree with the "replace all" comment, but I do certainly agree
with the rest of the statement.


I am not sure why you disagree with "all" unless you mean "all plus
the new kids entering the market".
Our economy has been based on the middle class having good jobs. We
really have to start making things here again.
Maybe we should have a telethon to collect money to rebuild the US
infrastructure after we are done in Haiti..

A point our feathered friends miss is that very point. The back bone of
the United States _is_ the middle class. And all anyone seems to do now
is to figure out how to milk them for more to keep ponzi government afloat.

Between governments and banks fighting over the revenue rape, the middle
class is sick and dwindling. Doubtful boat sales are up, anyone know
how many boat companies will fold in 2010? Good used boats should be
cheap righ now no?

"I am Tosk" wrote in message
...
In article f59dda3b-def7-4970-a98a-c5314f862444
@h34g2000yqm.googlegroups.com, says...

On Jan 24, 3:02 pm, "Eisboch" wrote:
"Canuck57" wrote in message

...



Chinese are tightening their credit. I thinks Obama's problems just
got
worse. Especially if China wants some of that maturing US debt paid
off.

What happens if the USA just says, "No"?

Just curious.

Eisboch

They'll quit selling their products here. That'll show us.

I dare you to walk around your house and find 10 items you need to live
life the way you do.. Then do an Internet search and see if you could
have those items if the Chinese stopped making them or the parts for
them... OK, you might be able to do it if you tried, but if everyone in
the country was trying to buy a pair of socks from the last company in
the US that made them (BTW I don't think anybody here does) we would run
out pretty quickly.

Scotty


Hey, we're all born barefoot and bare assed.

Eisboch

On Sun, 24 Jan 2010 15:02:26 -0500, Eisboch wrote:


What happens if the USA just says, "No"?

Just curious.

It would be one hell of a crash, and 5-10 very rough years, but then...
We'd have to get our own house in order, as no other country would want
to finance our overspending ways. Personally, I don't think it would be
all bad, but there are a lot easier ways to get our house in order. It
would be playing with fire, and you never know how burned we would get.