[QUOTE=AngryChairR;31437784]I said next to nothing, way to ignore specific words in my post to alter the meaning. China exports more than $US320 whereas UK exports £200. It's tiny in comparison. The figures are old as well, they've fallen dramatically whereas China has done nothing but grow.[/QUOTE]
I honestly don't know what you're trying to say but 200GBP in USD is $328.60
[QUOTE=MrEndangered;31437904]The figures are from 2009/2010. That's... old? We're halfway in 2011, and the economy has grown by 0.2%. Grown. The UK has the 6th largest economy. The 6th. We have trillions in UK/US investment that would be affected by the US credit crisis. The shockwaves would cause market panic, and the UK is a HUGE player in the markets. The 2nd largest.
So the second largest investment banking country will not be affected by the worlds largest investing banking sector??[/QUOTE]
Oh please you're googling random statistics, I've completed two business and economics courses in the past few years with my knowledge based on reliable resources not the guardian newspaper for christs sake.
I love how he's now rating everyone dumb.
I wish we had a ratings mirror you could stare into every morning.
[QUOTE=AngryChairR;31437938]Oh please you're googling random statistics, I've completed two business and economics courses in the past few years with my knowledge based on reliable resources not the guardian newspaper for christs sake.[/QUOTE]
They're export statistics. You just made the argument that the UK doesn't export anything, and when presented with numbers you say the statistics are random?
[QUOTE=AngryChairR;31437938]Oh please you're googling random statistics, I've completed two business and economics courses in the past few years with my knowledge based on reliable resources not the guardian newspaper for christs sake.[/QUOTE]
I guess you didn't learn how to do currency conversions in your classes.
[QUOTE=AngryChairR;31437938]Oh please you're googling random statistics, I've completed two business and economics courses in the past few years with my knowledge based on reliable resources not the guardian newspaper for christs sake.[/QUOTE]
And I really have to wonder how shit your economics course must have been to lead you to say "europe and america are different markets, they can't damage each other".
[QUOTE=AngryChairR;31437938]Oh please you're googling random statistics, I've completed two business and economics courses in the past few years with my knowledge based on reliable resources not the guardian newspaper for christs sake.[/QUOTE]
Well excuse us for questioning your sound and educated arguments that you backed up with statistics and resources. All those charts and tables you posted have really made that education of yours shine through.
[QUOTE=Dalndox;31438013]Well excuse us for questioning your sound and educated arguments that you backed up with statistics and resources. All those charts and tables you posted have really made that education of yours shine through.[/QUOTE]
He has yet to refute a single argument, and simply dismissed any statistics as random, irrelevant, or false.
[QUOTE=AngryChairR;31437938]Oh please you're googling random statistics, [b]I've completed two business and economics courses in the past few years with my knowledge based on reliable resources not the guardian newspaper for christs sake.[/b][/QUOTE]
[img]http://i.cubeupload.com/qbFIVJ.gif[/img]
If you really have, you would be agreeing with everything I say.
But you guys.. he completed [I]two [/I]business [I]and[/I] economics courses.
[QUOTE=Megafanx13;31437992]And I really have to wonder how shit your economics course must have been to lead you to say "europe and america are different markets, they can't damage each other".[/QUOTE]
It's called the "Global Membrane Theory", what you're talking about. We've been interconnected with everyone we trade with since we've made contact with them.
[QUOTE=Hap;31438075]But you guys.. he completed [I]two [/I]business [I]and[/I] economics courses.[/QUOTE]
In a lot of schools a D- is still a passing grade.
[QUOTE=Dalndox;31438111]In a lot of schools a D- is still a passing grade.[/QUOTE]
Well, he didn't say he passed, only that he took them.
[editline]30th July 2011[/editline]
[QUOTE=Atlascore;31438117]Why did you need to take two of each? Did you fail the first ones?[/QUOTE]
See above.
boner's bill
None of you seem to be grasping the fact that the actual export figures aren't the critical factor in this debate; it's where they go and at what rate as well as many other factors.
European exports are almost entirely local, with the rest going to Asia. The exports to the US are negligible - the situation is similar with imports.
Overseas investments are at an all time low compared to pre-2007 with little trust in anything. Should the US economy completely collapse (not saying it will happen), it will only cause for slight slow in Asian overseas markets, prominently electronics.
Infact, after the Great depression some countries decided to take measures to lower their reliance on single markets. The effect, not just on the UK, but the world - would be far from catastrophic.
It must have hurt to pull all that shit from your ass.
A bit of blood there, too, I'll get you a band aid.
[QUOTE=AngryChairR;31438171]None of you seem to be grasping the fact that the actual export figures aren't the critical factor in this debate; it's where they go and at what rate as well as many other factors.
European exports are almost entirely local, with the rest going to Asia. The exports to the US are negligible - the situation is similar with imports.
Overseas investments are at an all time low compared to pre-2007 with little trust in anything. Should the US economy completely collapse (not saying it will happen), it will only cause for slight slow in Asian overseas markets, prominently electronics.
Infact, after the Great depression some countries decided to take measures to lower their reliance on single markets. The effect, not just on the UK, but the world - would be far from catastrophic.[/QUOTE]
The collapse of one of the two largest economies in the world will effect everything. If you don't see this, you're blind and your courses were taught by incompetent fools
[QUOTE=AngryChairR;31437938]Oh please you're googling random statistics, [b]I've completed two business and economics courses in the past few years with my knowledge based on reliable resources not the guardian newspaper for christs sake.[/b][/QUOTE]
I'm sure. I used to work with a guy who genuinely claims to be a Yale Business graduate, but is trying to made a living breakdancing and handing out energy drink powder samples at Sams Club stores. You wouldn't happen to be Ivy League alumni as well, would you?
[QUOTE=AngryChairR;31438171]None of you seem to be grasping the fact that the actual export figures aren't the critical factor in this debate; it's where they go and at what rate as well as many other factors.
[B]
European exports are almost entirely local, with the rest going to Asia. The exports to the US are negligible - the situation is similar with imports.
[/B]
Overseas investments are at an all time low compared to pre-2007 with little trust in anything. Should the US economy completely collapse (not saying it will happen), it will only cause for slight slow in Asian overseas markets, prominently electronics.
Infact, after the Great depression some countries decided to take measures to lower their reliance on single markets. The effect, not just on the UK, but the world - would be far from catastrophic.[/QUOTE]
In case you didn't fucking look at the chart, exports to the US are the biggest part of the UK's export pie, with Germany in 2nd.
[QUOTE=Dalndox;31438111]In a lot of schools a D- is still a passing grade.[/QUOTE]
"D's get Degrees"
[QUOTE=AngryChairR;31438171][Nonsense][/QUOTE]
Quoting the U.S Department of Commerce, the UK has a net investment value (Including plants, property, equipment, sales and expenditure) of 2,171,515 (Oh, that's in millions of dollars, by the way) of direct foreign investment, while Europe as a whole (From selected countries only) totals 8,590,080 million(s) of dollars.
Quite an investment compared to Asia's 1,351,370, which is an emerging and expansive market, not a stronghold of finance.
Oh, and FDI is a "measure of foreign ownership of productive assets, such as factories, mines and land. Increasing foreign investment can be used as one measure of growing economic globalization."
Oh, and this doesn't include the "investment through purchase of shares." which in itself is a... pretty big deal.
But you'd know all this, obviously.
[QUOTE=An Armed Bear;31437477]I know Boehner and the House are being idiotic right now, but McConnel in particular is just making me sweat rage and my blood boil. Seriously... A filibuster? NOW? We're on the verge of complete economic disaster and you're using A FUCKING FILIBUSTER!?
[img]http://i68.photobucket.com/albums/i14/marchtrpt4bhs/GIFs/hadesrage.gif[/img][/QUOTE]
Remember, he's the same asshole who said:
[video=youtube;W-A09a_gHJc]http://www.youtube.com/watch?v=W-A09a_gHJc[/video]
Anytime anyone halfways tries to defend this shit on the republican end this needs to be brought up. The guy who admitted priority one for this year was sabotaging the dems deserves to have everything he does scrutinized under that lens. It makes his actions a hell of a lot worse than rage-inducingly stupid.
He's actually [I]malicious.[/I] He's a monster who doesn't give a fuck about anyone, his primary goal is sabotage. If the GOP were still worth half a damn no one would speak to him again for being an almost treasonous bastard.
Oh, I see that the US is doomed.
Alright, where can I start helping the sane people argue against the people who are so far up their ass, they can taste shit?
[QUOTE=Elizer;31438461]Alright, where can I start helping the sane people argue against the people who are so far up their ass, they can taste shit?[/QUOTE]
That is Facepunch's main export, my friend.
If nothing gets done about it, how fast will US default?
[QUOTE=MrEndangered;31438495]That is Facepunch's main export, my friend.[/QUOTE]
such is life in mother website
politics anywhere tends to bring nothing but "Party A with links and facts, Party B FUCK THE COMMUNISTS". Doesn't matter what the issue is or which side is which, there's always a one-sided argument with people being rational and people who think shouting "GO DIE IN A FIRE" will make anything happen.
[QUOTE=nask;31438512]If nothing gets done about it, how fast will US default?[/QUOTE]
August 2nd is the deadline.
Ok folks new to this thread, before you even post, read this. Don't shrug this post off, [b]fucking. READ IT.[/b]
[QUOTE=Elizer;31415471]Here we go Glaber, better read up and read up well.
[url=http://www.facepunch.com/threads/1109979-Boehner-Out-Debt-Talks-Collapse]All this "crisis" started with your good buddy, Mr. John Boehner, not compromising with President Obama on the debt ceiling.[/url] This caused a slight stir in Congress and threw up a few warning flags and sounded off an alarm. There was still plenty of time at that point to come up with a new deal, despite analysts saying [url=http://www.facepunch.com/threads/1110540-CBS-Bipartisan-debt-deal-just-impossible.-Meanwhile-China-seeks-to-repossess-Hawaii-and-S.-California-if-talks-fail]"Hmmm, fat chance in hell"[/url]. [url=http://www.facepunch.com/threads/1110783-New-US-debt-plans-unveiled-Democrats-offer-to-cut-more-than-twice-as-much-as-Republicans-and-not-to-raise-taxes-if-Medicare-and-Medicaid-are-left-alone]The Democrats came up with a plan that would include $2.7 trillion in tax cuts, including cuts to popular Democrat-supported programs. This was pretty much their last resort.[/url] Republicans went, "Yeeaa... that's not good enough". The next day, not only were [url=http://www.facepunch.com/threads/1110923-Tea-Party-activists-cheer-John-Boehner-to-drive-economy-to-ground.-Meanwhile-Canada-suspects-real-estate-boom-next-week.]Tea Party Activists cheering Boehner to make the deficit default[/url], but also the not-so-subtle hint of [url=http://www.facepunch.com/threads/1111024-Republican-Rep.-warns-of-Obama-impeachment-if-GOP-forces-debt-default]a really bad case being thrown together to get Obama impeached.[/url]
Now sure, both the [url=http://www.facepunch.com/threads/1111330-Embarrassment-for-John-Boehner-after-budget-office-finds-350bn-hole-in-his-original-proposal]Republican[/url] and [url=http://www.facepunch.com/threads/1111559-Democrats-Budget-Cuts-Fall-Short-of-Estimate]Democrat[/url] plans seemed to have their holes, but for the most part, the Democrats have been the ones, trudging through Republican bullshit in an attempt to save the floundering economy. Yet, it seems Glaber, in your little fantasy world, that it's all the Democrats fault. [url=http://www.facepunch.com/threads/1111484-McCain-rips-into-tea-party-lawmakers-and-other-conservatives-accusing-them-of-living-in-a-fantasy-world]Even McCain says to "Shut the fuck up and nut up, because we gotta get this shit done."[/url][/QUOTE]
[editline]30th July 2011[/editline]
[QUOTE=Fables;31438569]August 2nd is the deadline.[/QUOTE]
The 2nd is the deadline for a new deal, but it's more or less if we don't pass something that raises the debt ceiling, it's basically when the US Treasury runs out of money after that point.
This is such a fucking joke. There are few times I have hated idiots more.
the US should just start selling drugs like everyone else does when they run out of money
just out of the president's limo "hey man how much stuff can i get with 30" "you can get president's delight or clinton's dank pussy. i recommend the second one, hits real smooth bro"
Sorry, you need to Log In to post a reply to this thread.