Quote:
Originally posted by sacX
The US is dependent on foreigners.
The massive budget/trades deficits are funded by foreigners buying US bonds. As the USD loses value foreigners think "WTF am I holding this piece of shit currency"
To attract more foreign cash, the federal reserve has to raise interest rates and as a consequence slow the economy.
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That's Allen Greenspans bullshit.
Notice how he aint on TV no fucking more!
That shit is just cornball theory.
We need divestment of foreign capitol in our major coporation so that we can continue to own them. Let the bastards run and take out their money. We're just lucky that the Japanese like us or we'b be watching all the old Columbia pictures (now Sony pictures) movies in fucking Japanese.
Sony is full of Japanese execs making millions that send the money back to Japan and paying american workers nothing.
Was it Micheal Jackson that owes Sony records 60 million or am I dreamming. Too much foreign investment means even MJ cannot make a fucking profit. What chance do you stand?