that's your opinion. but to answer your question, i don't live on credit whatsoever, i nursed myself off that teet over the last 2 years and plan to live within my cash means going forward.
i don't disagree with this. :thumbsup however, things can change- paradigm shift.

china is up and coming, usa is ....struggling

its not about you - but from what i heard the US owes china 300 BILLION $ ... that IS living on debts, no? :2 cents:

I hate to say this, but China would kick the U.S.'s ass. They are just as modern, with a helluva alot more resources and people... We would be toast...


Spanx!
Jack

Until only very recently their military was rather landlocked since they had virtually no Navy. That is apparently changing though.

Anyways, those of you saying China owns the US should look at history. During depressions export based economies got it the worst. If China can not keep their people working there will be a billion people out for blood and putting them to work building cities that no one lives in is not sustainable.

This is great news for US Defense Contractors. Now they can build missiles to shoot the Chinese missile down. Cold War II begins.

Sounds like a great excuse to get more money...

Shouldn't this be enough?

Pigshit.

I have never heard it before now, but it rings of accuracy.

Bingo.

Is that all? Pfft, chump change.

that made my day.:2 cents:

Good excuse for more military spending and filling the pockets of the defense industry. Just scare the paranoid retards into supporting it.

Flip the coin, is China scared the US will invade them? US has a major military presence patrolling outside Chinas waters, do they run around thinking their world is going to end at the hand of 300 million round eyes? What planet are people from where they think a full out war between China and US is possible? Don't want your carriers sunk don't float them so close, wouldn't happen anyway, it's a face thing. US would be fucking pissed if China propped up Cuba and had military bases in the Carribean with full carrier groups off the gulf coast. That's what China has, China isn't worried about it because they live in reality. Their missiles are a simple counterbalance saying 'hey, we're tired of you floating so smug in our traditional sphere of influence, back off a bit.'

This world is so intermingled through our economies the only countries that are targtets of war are the havenots where there's nothing to lose in bombing the shit out of them to fill the pockets of the industrialists and keep the generals blood lust met.

of course it's about me. i make up part of the credit system. if more people lived debt free, then less debt is owed to the creditor.

Good!

My Dad was on the FBI's watch list during the latter years of the Viet Nam War, so it is just a case of daughter like Father!

I think he would be proud of me!

Sally.

Oh, Hell!



Thanks for looking.

Sally.

im not sure if u guys know the US has the largest gold reserve in the world... if the US defaults on all its debt, every US bond holders will suffer big time financially.... no one wants this to happen...

If the US does default, all the debt will be written off, not too bad. With that massive gold reserve, the US can have 2 options:
(1) trade gold for cheap craps from China
(2) launch the WW3, all countries freeze on their FX trade, everyone will trade gold for goods and weapons... the US could potentially emerge as the super nation once again...

An elaborate, well thought out counter argument.








You dumbass.

can they not use those patriot missile things to shoot this piece of crap down?

Yep you are right they ain't stupid. But if they really wanted to fuck us all they have to do is dump alll the securities they hold and the economy would really tank.

The republicans are the ones who made the economic policies that made it cheaper to send jobs to china instead of keepong them here. Just look at all the corporations that have juge presences in China. So in essense we gave them the bucks to build their missles.

Which is exactly the reason they will not attack us. If we stopped importing Chinese products their economy would plummet like and old school lawn dart.

:thumbsup

Chinese can't do shit. The U.S is fighting 2 wars and they could still kick Chinas ass.

The U.S spends more money on its military then the rest of the world combined, they have the most powerful military in the world BY FAR. China will never be a superpower like the U.S.

I was actually neutral towards china until the recent drama they had with Japan, they showed how petty and butthurt they are over the ass kicking they got from Japan 70 years ago.

Japan really needs to drop the pacifist bullshit and remilitarize, because if china is a threat to anyone it's Japan.

A remilitarized Japan will put China in it's place, which is the T shirt factory of the world. No super power there, also people need to stop mentioning India among potential superpowers, what the fuck, they can't even put together a couple of buildings. Everybody's a fucking superpower these days.

lol ....

So I chose to take a mortgage at Premium Bank, but I do not owe them anything ..... ????

... lol .... :1orglaugh:1orglaugh

As I understand it nobody said they did. But irregardless, the owner of TBill is holder of a debt guaranteed by the government of the US.

I didn't say it was a shitty market. But it is still a debt the treasury owes someone. Sure if the owner holds til maturity they get the valuer of the bill plus the interest. If the holder cashes out early yes they may take a hit depending on how it is traded. But in either case who owes the money to them. That's right, the US Treasury.

Fuck, ok as i said, china has an investment yes but the US Treasury sold the bonds and must pay on demand, That is one reason the Fuckin Teabagger are complaining the deficit is so high. And what makes up the deficit? Debt owed by the Treasury. And who does the Treasury owe this debt to? The Fucking Bill Holder, whether they collect now or later the Treasury is in hock for the amount of said Bill. Only way they wouldn't owe the orignal holder is if that holder sells to someone else. Then they are in hock to the new owner. I am not disagreeing that China sees it as an investment but the only reason the TBills are sold are to raise funds for the government to operate and are sold with the promise the holder to be paid back.

The US did not sell party of the treasury... they borrowed money and gave TB ... I will abstain from calling you names ... no point ....

" We did not force them ... " ... lol .....

Note to myself : call visa tomorrow as they sent me pre-approved cards ..I did not ask for them .. so I owe them nothing ... :1orglaugh:1orglaugh:1orglaugh

Jesus Christ !!!! :Oh crap

With him you don't know if it is drinking or just some of his ignorance that he frequently displays.

My 1000th post on GFY is to thank to HELL AND GONE for whoever left me positive rep for my postings in this thread! I cannot see who left it but I know you are out there!

Thanks again!

Sally.

And in the 80's Japan owned half the country, look how that turned out.

Was your daddy also your granddaddy? Maybe brother? :2 cents:

This sounds like pig shit to me too. China owns 800bil in us treasuries.... Japan almost as much ~link~. You do realize that we have spent 3 trillion in bailout/stimulus and pledged a total of 11 trillion ~link~?

The Chinese cant do shit with their lousy 800billion...we can print that for them in a few days.