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The world doesn't give a shit what China thinks...they will probably implode before taking over slot #1.
Next to
Israel
North Korea
Pakistan
Iran
probably they are most despised.Last edited by Captain Kawaii; 07-30-2011, 08:59 PM.Comment
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If push comes to shove China means very little. Nor any other country/entity who has financial or real property holdings within the United States.
Again, that's if push comes to shove. The US will freeze and capture all their assets within US jurisdiction and boundaries.Comment
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you have to be kidding...
it's been pretty evident for decades that there was no chance of us ever paying off our massive debt and everyone has known this. bill clinton was the last president to do the impossible and actually balance a 4 year budget. all that means is that for once we managed to not increase our debt but we didn't do anything to pay it off...and don't forget about the interest.
the entire world economy is a house of cards and china, the EU and every other "developed" nation is complicit. we will all fail together. i'm not a conspiracy theorist at all, but i believe in most of what is laid out in the zeitgeist films regarding the modern monetary system.Comment
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Show me an article that says we had less than a triple A rating a month ago or earlier.
You do understand what creditworthy means right?
People wouldn't buy greek bonds at 16% (or whatever they were selling for recently) but we had no problem at all selling dollar debt.
The market did not think we could not pay back the bonds we were selling.
You are confusing a certain subsector of the population's political opinion with the market's estimation of our credit standing.
Your beliefs about america's security does not determine wether or not treasuries were selling.Comment
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You do understand that there is a difference between hitting the debt ceiling and default, right?
In any case, what I said was, I did not know, the economic news I read has not said anything I recall about 3 instances of near default.
If they did, I'm not sure what difference that would make, altho I would grant that it was an indication that the american congress is incompetent.
It could be true, but I do not know it to be true.
I do however know the difference between hitting the debt ceiling and default.Last edited by Bill8; 07-30-2011, 10:20 PM.Comment
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