China-US: Double bubbles in danger of colliding - GoFuckYourself.com

Xenophage · 02-20-2004, 10:58 AM

article here

One simple basis for that Bush boom is that China is recycling its US$100 billion-plus trade surplus with the US back into dollars, and especially into US Treasury bonds. Almost half of the US Treasury bonds are now owned in Asia.

asia ownes half of america debt scary

goBigtime · 02-20-2004, 11:07 AM

Will the the asian collection agencies have to honor the donotcall list?

Xenophage · 02-20-2004, 12:01 PM

if america just defaulted on its bonds and said ya know for national security we are not going to pay you ever

that would rule we could wipe out the national debt in one fell swoop and start over again

national bankruptsy

we have 7 trillion in debt and we only make 11 trillion in a whole year so we have to all work for 10 months for free to pay it off

JFK · 02-20-2004, 12:04 PM

Quote:

Originally posted by LegendaryLars
if america just defaulted on its bonds and said ya know for national security we are not going to pay you ever

that would rule we could wipe out the national debt in one fell swoop and start over again

national bankruptsy

we have 7 trillion in debt and we only make 11 trillion in a whole year so we have to all work for 10 months for free to pay it off

Just a tad worst than my Credit cards

Xenophage · 02-20-2004, 12:07 PM

thanks bush you spent 10 months of my life

chowda · 02-20-2004, 12:12 PM

well i love the way they create money

need more, create it

do i hear germany in world war 2?

JensMoviePost · 02-20-2004, 12:20 PM

Its a well known Fact China will soon be the worlds super power and have the largest economy.
Don't worry though, throughout history no country/empire has ever been able to remain #1 forever.
Someday another country will surpass China.

BRISK · 02-20-2004, 12:26 PM

I'm debt free

chowda · 02-20-2004, 12:32 PM

Quote:

Originally posted by JensMoviePost
Its a well known Fact China will soon be the worlds super power and have the largest economy.
Don't worry though, throughout history no country/empire has ever been able to remain #1 forever.
Someday another country will surpass China.

ur funny.. like anyone will still be around after:

someone blows something up

we all die coz of diseases

terrorist kills all of us

its the end of an era.

Rich · 02-20-2004, 12:43 PM

Quote:

Originally posted by JensMoviePost
Its a well known Fact China will soon be the worlds super power and have the largest economy.
Don't worry though, throughout history no country/empire has ever been able to remain #1 forever.
Someday another country will surpass China.

That would cause a world war if the neo cons are still in power. Their main goal is to make sure their is never another competing super power like Russia was. Pretty scary stuff, what's even more scary is that the people who elect these guys don't even know what they're voting for.

BRISK · 02-20-2004, 01:01 PM

Here is an interesting thought:

Quote:

if push came to shove over, for example, the Taiwan Strait, all Beijing has to do is to mention the possibility of a sell order going down the wires. It would devastate the US economy more than any nuclear strike

An interesting move by China buying all those US Treasury bonds.

02-20-2004, 12:12 PM	#6
chowda Confirmed User Join Date: Jun 2003 Location: Gooch city Posts: 9,527	well i love the way they create money need more, create it do i hear germany in world war 2? __________________ Someone finds you... 2007 PS: Nationalnet is the best host I've ever had. And i tried alot of them.

02-20-2004, 12:26 PM	#8
BRISK Too lazy to set a custom title Join Date: Feb 2003 Posts: 12,240	I'm debt free __________________ I post on GFY so that when people ask me what I do, I can tell them that I work with the mentally retarded.

02-20-2004, 10:58 AM	#1
Xenophage Registered User Industry Role: Join Date: Oct 2001 Posts: 12,122	China-US: Double bubbles in danger of colliding article here One simple basis for that Bush boom is that China is recycling its US$100 billion-plus trade surplus with the US back into dollars, and especially into US Treasury bonds. Almost half of the US Treasury bonds are now owned in Asia. asia ownes half of america debt scary

02-20-2004, 11:07 AM	#2
goBigtime Confirmed User Join Date: Nov 2002 Posts: 7,761	Will the the asian collection agencies have to honor the donotcall list?

02-20-2004, 12:01 PM	#3
Xenophage Registered User Industry Role: Join Date: Oct 2001 Posts: 12,122	if america just defaulted on its bonds and said ya know for national security we are not going to pay you ever that would rule we could wipe out the national debt in one fell swoop and start over again national bankruptsy we have 7 trillion in debt and we only make 11 trillion in a whole year so we have to all work for 10 months for free to pay it off

02-20-2004, 12:07 PM	#5
Xenophage Registered User Industry Role: Join Date: Oct 2001 Posts: 12,122	thanks bush you spent 10 months of my life

02-20-2004, 12:20 PM	#7
JensMoviePost Confirmed User Join Date: Jan 2004 Location: Richmond Posts: 319	Its a well known Fact China will soon be the worlds super power and have the largest economy. Don't worry though, throughout history no country/empire has ever been able to remain #1 forever. Someday another country will surpass China.