Foreigners!!!!!! you just cannot trust them

[GermanTrader]

Never fear, citizen. We know what is best for you and will govern the use of your current and future tax liability. Pay no attention to that debt behind the curtain, that $5 million of accounts payable we have cumulatively assigned to every man, woman, boy and girl in the USA... except undocumented workers, of course... we wouldn't want to be uncaring.

What? You only see $1 million for each person? Again, relax citizen, interest on top of interest over your lifetime will fill the gap. See? We have it all worked out. Never fear.

Now get to work and pay your taxes or you go to jail. Pay no attention to the tax-raising Muslim running for President. Nothing to see here...

 

[spanish89]

Quote from fearless9:

http://www.ustreas.gov/press/releases/hp1138.htm

The July Treasury capital flow report clearly shows that the bloody foreigners have ceased buying US debt.

God knows what August and September are going to look like.

You just cannot trust a foreigner these days.
I suppose the Fed will step in and put a tax payer finger into this leaky hole as well all the others, plus those yet to come.
Via los tax payers and their yet to be borne great grand children.

Quite frankly if this carries on much longer the Kalifornicans will need to start yet another new lifestyle trend ... "living within your means"

regards
f9
Buenos Aires / Rio de J

Get back to iraq!!

 

[romanus]

Quote from fearless9:

...
Watch how this game plays through.
Anyone how thinks that US military will save the day is in for a big shock followed by a big lesson.

There is a story doing the rounds that Boeing has been cleared to sell Israel 1,000 bunker busters ... cannot imagine what they will be used for.

At the same time Iran has announced their version of the Bush doctrine if attacked. (for Sarah's enlightment, it means take the play to the enemies home turf)

Do you think the Kipling's "Great Game" is about to involve iranians and israelis more intimately?

They have always been the best of enemies and they need each other to stay that way. The rest of the Muslim world hates Iran almost as much as they hate Israel and US.

I can not imagine anything more serious than an expensive firework show to come out of Iran-Israel disagreements.

 

[Mecro]

Quote from fearless9:

I am just trying to alert people to what might well be the next phase in this game, or there may well be another phase in between.

You're off base.

1) Most US debt is held domestically.

2) US holds a lot of foreign debt as well. It is one of the largest financiers of the rest of the world.

3) China is still interlocked with US, but is trying to break the tie. They will be crashed before they do so, at any cost.

 

[purple]

Quote from fearless9:

If China sells the dollar, how will they be paid.

regards
f9

How would you get your money if I owed you billions or trillions?

 

[romanus]

Quote from purple:

How would you get your money if I owed you billions or trillions?

This is a rather sophomoric argument and view point. The money is an illusion, which does not exist - it's even more illusionary now, after abandoning the Bretton Woods system. It has always been an issue of power and power alone, money always sought power and without power money tends to decline in value rather rapidly and not even over multiple generations. The real issue is: who's got the power over the world's affairs - a very simple answer to that question also answers all other questions the Econ majors are writing their worthless papers about.

 

[purple]

Quote from Mecro:

You're off base.

1) Most US debt is held domestically.

( That is because the Federal Reserve holds all the money and you pay them interest. They are foreign owned.)

2) US holds a lot of foreign debt as well. It is one of the largest financiers of the rest of the world.

(And the United States takes on all those debts because the federal reserve has them to. They have us print the money that they loan out)

3) China is still interlocked with US, but is trying to break the tie. They will be crashed before they do so, at any cost.

( They will dump the bad debt soon as they wake up to the fact that we dont have the money to pay them. They wont want the paper they are getting now. They will want our labor. We are the new third world country. The feds are going to put us there.

 

[purple]

Quote from romanus: [/B]

You are correct,sir. Very glad to see there are more people who know whats happening.

 

[simki]

Nobody has the right to insist that others lend you money.

Its no a matter of trust at all.

 

[clacy]

Quote from romanus:

This is a rather sophomoric argument and view point. The money is an illusion, which does not exist - it's even more illusionary now, after abandoning the Bretton Woods system. It has always been an issue of power and power alone, money always sought power and without power money tends to decline in value rather rapidly and not even over multiple generations. The real issue is: who's got the power over the world's affairs - a very simple answer to that question also answers all other questions the Econ majors are writing their worthless papers about.

I agree. That's why it's silly for people to complain about "how much money we spend on our military", which is actaully very reasonable at 4.5 of GDP. If we weren't here to defend our interests (and our friends interest), there would be a long line of bad men trying to take everything that we have.