| Home |
| Search |
| Today's Posts |
|
#13
posted to rec.boats
|
|||
|
|||
The Federal Reserve Bank bankrupt?
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. |
| Thread Tools | Search this Thread |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Forum | |||
| Another pay off to the bankrupt unions.. | General | |||
| Unions all but bankrupt.. | General | |||
| Federal Reserve Secretly Testing Bailout Plans | ASA | |||
| Cuba: Bankrupt Policy | Cruising | |||
![nom=de=plume[_2_] is offline](https://www.boatbanter.com/images/SultanThemeVB3R/statusicon/user_offline.gif)
Threaded Mode
