Posted on 10/07/2013 9:19:14 AM PDT by Nachum
The list, Ping
Let me know if you would like to be on or off the ping list
From article: Mr Zhu said that China and the US are “inseparable”.
Another way to look at it: China and the US are hopelessly entangled.
I am seriously sick of hearing about “default”. That’s like saying you are going to default on your house because the season tickets to the opera are due.
THAT was a funny bit.
It’s like not much has improved since 2009.
Expect the fed (both DNC and GOP-e) to cave on this ultimatum from their mandarin masters. Free traitors sold the US to the highest bidder, now we ALL will have to pay the price. When obama said “ you didn’t build that” he was right, the chinese did. The free traitors stole and sold our national sovereignty to the highest bidder, and will tell you to your face that they did, and as long as they got theirs, they could care less who they destroyed in the process to get it.
I’ll bet China is just raring to buy up all that disputed 14th Amendment debt Obama wants to issue. No risk involved in that. Americans would never repudiate unconstitutionally issued paper.
Pei-ping
bttt
.......Sir, with sincerest respect to your post, we don’t owe China a damn thing because of the absolute right of “offset”. Simply put, including stolen royalties, they owe us far more than we owe them. A strong President and an honest one, like Cruz or Palin, would negotiate a “walk away” on this so called “debt”. For your convenience, the link below is a history of the China debt to the U.S.
http://www.foxnews.com/opinion/2011/08/26/its-time-for-china-to-pay-its-debts-to-united-states/
Massive corporate taxation, limitless legal vulnerability, crushing environmental regulation and pro-Union arbitrary Government: these are why industries have increasingly chosen to relocate away from the USA.
Not to mention the job-killing tidal wave of ObamaCare.
Free Trade is simply economic Freedom of Association. Corporations take their capital to where it is treated best. Right now that isn't the US.
Corporations are strictly bound to look out for the interests of their shareholders. They are not our property and they owe us precisely nothing. Why should they put their shareholders' capital at risk just to provide some union guy with an early pension?
Hope this was helpful.
When you owe a thousand dollars to the bank, and can’t pay. . . it’s your problem.
When you owe billions to the bank, and can’t pay . . .that’s the BANK’S problem.
Too bad, so sad, China. . .
This is big news. Too big to fail banks also have visited him recently warning him not to allow a default. I was getting concerned that he was willing to default as a strategy for 2014 elections, but it looks like our real masters are vetoing that plan.
The default the Chinese and the rest of the world fear is when Hard Working Americans no longer have the money in their budget’s that is diverted to Insurance. The crisis will affect all consumer spending, ranging from restaurant dining, buying Coke’s at the grocery, trips to the Mountains or Beach, Car purchases or new purchases of Cellular products. The big sucking sound you hear in the economy are those workers displaced from the Service Industry as it realigns into Healthcare.
In this case the Bank has actually gotten a nice return from their investment already in the form of technology transfer and intellectual property rights fraud. They have already obtained more value from us than the amount of paper we owe them. By far. They have little to no investment in research to get where they are.
This sounds like the kind of talk one might hear from a relative who has borrowed money and is about to justify not paying it back.
The mere prospect of uncertainty about debt repayments is going to drive precious metals sharply higher.
There is currently a tacit agreement between East and West to keep the dollar’s reserve status unchallenged in exchange for keeping the price of Gold suppressed. It works to the advantage of both sides. China gets the Gold, and the West get to keep their welfare states.
But the prospect of debt default threatens this cosy and quasi-stable arrangement. China’s best way to enforce the payment of these debts would be to increase their rate of precious metals purchases over and above today’s already immense level. Enough to threaten a metal supply failure.
If I’m right in my guess we will see the price of Gold suddenly spike up to near $1415, then down again/flat again when the payments are assured. Or up to $5000+ if they are not.
Pure Business School Bull Crap. You could eliminate all taxes and regs on US corporations that are into manufacturing and the tide of off shoring would not be stemmed one iota.
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