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

wrote in message
...
On Fri, 01 Oct 2010 03:57:38 -0400, bpuharic wrote:

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


They are already braced to take that loss. China is smart enough to
see our current system is unsustainable. The only question is whether
they want to get out while the dollar is still strong or ride it down.
They may take the tough love decision to squeeze us, just to force us
into fiscal responsibility and insure a longer term market for their
goods.

Not true. They're in it for the money. They intend to keep playing. They're
certainly going to squeeze us (continue to actually) to get our house in
order. What's wrong with that? Everyone wins.

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

Lots of things we are seeing now have never happened before. Why would
you think other things we have not seen before can't happen in the
future? There has never been a time when other countries held this
much of our debt.

There's a difference between the unknown and the unknowable. One works to
explore the unknown. The unknowable is best left to God.

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

Yet when I try to point it out you say I am wrong. Again you are
standing to the right of me.

wrote in message
...
On Fri, 1 Oct 2010 10:38:08 -0700, "nom=de=plume"
wrote:

They are already braced to take that loss. China is smart enough to
see our current system is unsustainable. The only question is whether
they want to get out while the dollar is still strong or ride it down.
They may take the tough love decision to squeeze us, just to force us
into fiscal responsibility and insure a longer term market for their
goods.

Not true. They're in it for the money. They intend to keep playing.
They're
certainly going to squeeze us (continue to actually) to get our house in
order. What's wrong with that? Everyone wins.

We are not going to be any happier about it than the Greeks were when
the Germans told them they had to cut their entitlements.
The question is how that manifests itself. We have a horrible history
of electing politicians who will not admit we are in trouble and
promise to kick the can down the road.

The Chinese can bankrupt us yet not take a Trillion buck loss. The value of
the their debt holdings are decreasing with any inflation we get. And they
may get 50% of the debt and win a war against evil America and not even have
to shoot off a missile. We've spent a Trillion in the middle east on the
longest war in US history and still no way to win. They spend $500 Billion
and win. The ability to print money does not guarantee we can not go BK.
If overspending by government made us richer, the USSR would still be the
USSR and be the richest entity of all the nation states.

"Califbill" wrote in message
m...


wrote in message
...
On Fri, 1 Oct 2010 10:38:08 -0700, "nom=de=plume"
wrote:

They are already braced to take that loss. China is smart enough to
see our current system is unsustainable. The only question is whether
they want to get out while the dollar is still strong or ride it down.
They may take the tough love decision to squeeze us, just to force us
into fiscal responsibility and insure a longer term market for their
goods.

Not true. They're in it for the money. They intend to keep playing.
They're
certainly going to squeeze us (continue to actually) to get our house in
order. What's wrong with that? Everyone wins.

We are not going to be any happier about it than the Greeks were when
the Germans told them they had to cut their entitlements.
The question is how that manifests itself. We have a horrible history
of electing politicians who will not admit we are in trouble and
promise to kick the can down the road.

The Chinese can bankrupt us yet not take a Trillion buck loss. The value
of the their debt holdings are decreasing with any inflation we get. And
they may get 50% of the debt and win a war against evil America and not
even have to shoot off a missile. We've spent a Trillion in the middle
east on the longest war in US history and still no way to win. They spend
$500 Billion and win. The ability to print money does not guarantee we
can not go BK. If overspending by government made us richer, the USSR
would still be the USSR and be the richest entity of all the nation
states.

Sure. Go hide. We'll let you know when it's safe to come out.

wrote in message
...
On Fri, 1 Oct 2010 10:38:08 -0700, "nom=de=plume"
wrote:

They are already braced to take that loss. China is smart enough to
see our current system is unsustainable. The only question is whether
they want to get out while the dollar is still strong or ride it down.
They may take the tough love decision to squeeze us, just to force us
into fiscal responsibility and insure a longer term market for their
goods.

Not true. They're in it for the money. They intend to keep playing.
They're
certainly going to squeeze us (continue to actually) to get our house in
order. What's wrong with that? Everyone wins.

We are not going to be any happier about it than the Greeks were when
the Germans told them they had to cut their entitlements.
The question is how that manifests itself. We have a horrible history
of electing politicians who will not admit we are in trouble and
promise to kick the can down the road.

In any case, China isn't going to quit playing, which is the point. No one
is particularly happy about getting fewer services for more dollars.

On Fri, 01 Oct 2010 10:59:42 -0400, wrote:

nt


They are already braced to take that loss.

actually so are we. they only hold 10% of US public debt.


China is smart enough to
see our current system is unsustainable.

and where they gonna put the money? oh. nowhere.


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

Yet when I try to point it out you say I am wrong. Again you are
standing to the right of me.

we are becoming serfs because people like you want companies to have
MORE power, not LESS