Which is why when people say dumb shit like CHINA OWNS OUR ECONOMY and WE HAVE TO PAY THOSE EVIL MARXISTS I can't help but getting angry. Foreign debt is the least of our problems, rightists just like the rhetoric.
[QUOTE=Shoupie;31788119]Hahaha, cheap. $3+ a gallon.[/QUOTE]
We pay around $7 a gallon in sweden.
[QUOTE=Shoupie;31788119]Hahaha, cheap. $3+ a gallon.[/QUOTE]Also it's the middle of summer, it's at its peak price right now. In the middle of the recession it went as low as $1.36 here.
$1.36
In 2007. The only place you'd find that is like, Africa or something.
What the fuck, that's not the argument at all.
The point is that China owns [I]enough[/I] US debt to cripple the American (and thus the global) economy.
When people talk about who owns American debt, they talk about foreign debtors, which is why China is number 1.
[QUOTE=POLOPOZOZO;31789578]Which is why when people say dumb shit like CHINA OWNS OUR ECONOMY and WE HAVE TO PAY THOSE EVIL MARXISTS I can't help but getting angry. Foreign debt is the least of our problems, politicians just like the rhetoric.[/QUOTE]
That's much better.
In other news, this is old news. America's government was, is, and always will be a bunch of idiots with few exceptions.
You mean people didn't know this? Treasury bonds are one of the safest investments for a US citizen or private firm.
[QUOTE=Crhem van der B;31788027]It's not the system, it's the people.[/QUOTE]
I can argue that for anything.
It's only a matter of time til this fucked up system the world lives under screws us over.
[QUOTE=Crhem van der B;31788027]It's not the system, it's the people.[/QUOTE]you're joking right
Loans are one of the big issues in this country IMHO.
[QUOTE=Shoupie;31787744]Yay for capitalism.[/QUOTE]
It doesn't have anything to do with that. In fact it's kind of the opposite of that where the government is giving out too much money through social security to all the old people.
If we were full on capitalist without these social programs, we wouldn't even have social security.
UK owns 2.1%, how the fuck?
[QUOTE=Contag;31789874]
The point is that China owns [I]enough[/I] US debt to cripple the American (and thus the global) economy.[/QUOTE]I'm not even going to ask how because this already doesn't make any sense because if crippling the American economy is tantamount to crippling the global economy then China is reliant on the same economy. Every time there is something about China people act like reality is a bad Tom Clancy video game fanfiction.
[QUOTE=Meller Yeller;31790841]It doesn't have anything to do with that. In fact it's kind of the opposite of that where the government is giving out too much money through social security to all the old people.
If we were full on capitalist without these social programs, we wouldn't even have social security.[/QUOTE]
I wasn't aware that the global financial crisis was caused by social democratic policies like health care and society insurance.
I thought it was about massively deregulated financial markets and the ease at which credit could be obtained due to the packaging of liability nasties into cleverly designed structured investment vehicles.
No, you're right. It's the bloody socialists.
[QUOTE=Contag;31791038]I wasn't aware that the global financial crisis was caused by social democratic policies like health care and society insurance.
I thought it was about massively deregulated financial markets and the ease at which credit could be obtained due to the packaging of liability nasties into cleverly designed structured investment vehicles.
No, you're right. It's the bloody socialists.[/QUOTE]
I'm not saying it's socialists. I'm just pointing out that Social Security isn't really a capitalist type feature so our largest debt isn't to anything capitalist.
[QUOTE=Emperor Scorpious II;31789473][media]http://www.youtube.com/watch?v=pShicKqreGI&feature=player_embedded[/media]
:v:[/QUOTE]
The US Government spend half a million dollars to see if a sick shrimp can walk on a treadmill?
Why would they even waste money on something like that?
[QUOTE=Crhem van der B;31788027]It's not the system, it's the people.[/QUOTE]
A good system should work on any people.
[QUOTE=POLOPOZOZO;31791036]I'm not even going to ask how because this already doesn't make any sense because if crippling the American economy is paramount to crippling the global economy then China is reliant on the same economy. Every time there is something about China people act like reality is a bad Tom Clancy video game fanfiction.[/QUOTE]
I'm saying that they do own enough to do so - in the same way that I could conceivably bludgeon myself to death with this computer. Would it be a very smart thing to do? Hell no.
My point was to illustrate the economic (and thus wider socio-political) interdependence. China and the US have intertwined fates, and they're not easily disentangled.
[QUOTE=B!N4RY;31791083]The US Government spend half a million dollars to see if a sick shrimp can walk on a treadmill?
Why would they even waste money on something like that?[/QUOTE]
It probably makes the shrimp taste better.
[QUOTE=Contag;31791110]I'm saying that they do own enough to do so - in the same way that I could conceivably bludgeon myself to death with this computer. Would it be a very smart thing to do? Hell no.
My point was to illustrate the economic (and thus wider socio-political) interdependence. China and the US have intertwined fates, and they're not easily disentangled.[/QUOTE]1.16 trillion could be raised in revenue due to economic expansion and ending the two wars, just saying.
ron paul 2021
[QUOTE=POLOPOZOZO;31791153]1.16 trillion could be raised in revenue due to economic expansion and ending the two wars, just saying.
ron paul 2021[/QUOTE]
When Ron Paul says "economic expansion", what he means is deregulating the markets and getting rid of corporate taxes entirely.
[editline]17th August 2011[/editline]
[QUOTE=Meller Yeller;31790841]It doesn't have anything to do with that. In fact it's kind of the opposite of that where the government is giving out too much money through social security to all the old people.
If we were full on capitalist without these social programs, we wouldn't even have social security.[/QUOTE]
But...Social Security's running a surplus right now.
[QUOTE=Crhem van der B;31788027]It's not the system, it's the people.[/QUOTE]
The people are the system.
[QUOTE=POLOPOZOZO;31791153]1.16 trillion could be raised in revenue due to economic expansion and ending the two wars, just saying.
ron paul 2021[/QUOTE]
No, Captain Murphy 2021. Silly.
In Canada, we pay over 4$ a gallon.
[QUOTE=POLOPOZOZO;31791153]1.16 trillion could be raised in revenue due to economic expansion and ending the two wars, just saying.
ron paul 2021[/QUOTE]
Is that all? You'd think he'd be able to do a better job.
It's a good thing that massive deregulation works out so well, huh.
[QUOTE=Contag;31791038]I thought it was about massively deregulated financial markets and the ease at which credit could be obtained due to the packaging of liability nasties into cleverly designed structured investment vehicles.[/QUOTE]
He never mentioned the crisis, only the debt. You'd also be wrong.
[QUOTE=Contag;31791110]My point was to illustrate the economic (and thus wider socio-political) interdependence. China and the US have intertwined fates, and they're not easily disentangled.[/QUOTE]
That's actually not entirely true. China would take a big hit, that's true, but they're a production based economy and we're a consumption based economy. They could begin consuming their own goods and exporting them to others. We are much more reliant on the Chinese for cheap products than they are for economic expansion.
[QUOTE=Megafanx13;31791293]When Ron Paul says "economic expansion", what he means is deregulating the markets and getting rid of corporate taxes entirely.[/quote]
It's pretty plainly known that corporate taxes fall directly onto the workers and/or consumers. Corporations don't take the hit, everyone else does in one way or another.
[QUOTE=Megafanx13;31791293]But...Social Security's running a surplus right now.[/QUOTE]
lol
[QUOTE=s0beit;31791535]He never mentioned the crisis, only the debt. You'd also be wrong.
[/quote]
Kinda linked, don't you think?
How is that?
[quote]
That's actually not entirely true. China would take a big hit, that's true, but they're a production based economy and we're a consumption based economy. They could begin consuming their own goods and exporting them to others. We are much more reliant on the Chinese for cheap products than they are for economic expansion.[/quote]
China already heavily consumes it's own goods, and the United States is a major import and export partner. If the PRC and the United States existed in a vacuum, then the PRC will be relatively well off, but if the US economy collapses, so do the heavily interdependent asian and european states, and that's it for China and the global economic order.
[QUOTE=Contag;31791487]Is that all? You'd think he'd be able to do a better job.
It's a good thing that massive deregulation works out so well, huh.[/QUOTE]He can't move legislation it doesn't matter what ideology it fits Republicans won't have it because they want to win more that solve issues. The only issues they want solved is how to make a crater out of the middle east, deport all illegals, and prevent America from falling to the creeping shariah secularists.
ron apul 2210
[editline]17th August 2011[/editline]
[QUOTE=s0beit;31791535]
That's actually not entirely true. China would take a big hit, that's true, but they're a production based economy and we're a consumption based economy. They could begin consuming their own goods and exporting them to others. We are much more reliant on the Chinese for cheap products than they are for economic expansion.[/QUOTE]But that's assuming American businesses can't move production to other countries where I'm sure they can get it just as cheap. Also I thought a lot of Chinese public was too poor to consume their own goods.
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