At some point the Chinese will say NO to that......they will want hard assets. Originally Posted by WhirlawayBingo
You never answered my question. What do you think will happen? If you think Obama and the Congress are going to get spending and taxing under control, what makes you think that? We've heard that since Reagan, and before. There was a brief period under Clinton where it looked like we might get on track, but that was primarily due to the dotcom boom, and the President's willingness to work with Congress. That atmosphere no longer exists.I expect it to be worked out and the sky not to fall. You guys forget we on the left have heard this crap before. During the Clinton years, and guess what? No financial collapse.
So what do you expect to happen, KarlMarxRoxny? Originally Posted by CuteOldGuy
I'm sure the Greeks thought the party would never endChina's growth, just like ours, is finite and tied to the world economy and their own archaic system. Personally, I think they are on a collision course with themselves when the new middle class wakes up and finds out what a recession is and that they are in one.
the greeks didnt have China ,,, as it stands this country is the best investment on the planet and will be for a long time Originally Posted by CJ7
http://money.msn.com/personal-financ...more-inflation Originally Posted by CJ7
.......................Carter era inflation is tolerable for a couple years but not the kind of inflation that comes when the currency collapses.............. the only "good thing" about hyper inflation is that it essentially pays of the national debt. That's why we're going to hyperinflate, we have a debt we can't hope to pay without devaluing the dollar. At some point, we'll pay the Chinese back with a worthless dollar. Originally Posted by joe bloeThat's what will happen in my opinion.
At some point the Chinese will say NO to that......they will want hard assets. Originally Posted by WhirlawayThey may not have a choice. One, you can't get here from there and they are so dependent on our continued consuming of their manufacturing output, they'll have a fit, but they'll go along.
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BTW -- GREAT HEADLINE WHIRLYTURD. You almost got me with that one.
On a slightly more serious note, PLEASE EXPLAIN WHY FINANCIAL COLLAPSE WOULD MAKE THE PRESIDENT A "HAPPY FELLA?" I'm interested to know what flows through that upper intestine between your ears.... Originally Posted by Yssup Rider
China's growth, just like ours, is finite and tied to the world economy and their own archaic system. Personally, I think they are on a collision course with themselves when the new middle class wakes up and finds out what a recession is and that they are in one.Not if they run out of money or military dictator's patience. Two things: One, the Chinese people now have a hope of a better life. That's a dangerous thing. And like I said, China is just as tied to the world economy as we are. We stop buying, they stop selling. Conversely, if they stop selling at the cheapest rate, which they have, we start buying from nations with cheaper labor costs, again, which we have. It's pretty simple micro-economics.
China has more lower class people who can and will have the ability to better themselves than 10 USA's .... their growth capabilities are almost limitless .... Originally Posted by CJ7
Because Obama is an anti-American Marxist who wants America's power cut down in size. Obama isn't incompetent. He is spending us into oblivion with a purpose - transform America into a third world debtor nation with no military to project global influence and a populace dependent on a centralized government.I agree with this. Well, I think he's a Social Democrat, but I think he is very anti-American. Not only do I think he's anti-American, I think he's culturally not American.
I am surprised you had to ask why. Originally Posted by Whirlaway
Because Obama is an anti-American Marxist who wants America's power cut down in size. Obama isn't incompetent. He is spending us into oblivion with a purpose - transform America into a third world debtor nation with no military to project global influence and a populace dependent on a centralized government.Where did you get this information? Let me guess:
I am surprised you had to ask why. Originally Posted by Whirlaway
Because Obama is an anti-American Marxist who wants America's power cut down in size. Obama isn't incompetent. He is spending us into oblivion with a purpose - transform America into a third world debtor nation with no military to project global influence and a populace dependent on a centralized government.
I am surprised you had to ask why. Originally Posted by Whirlaway
I'm surprised it hasn't happened already. We are on borrowed time, along with borrowed money.
What do you think will happen, KarlMarxRoxny, if we keep adding to the national debt at the rate of $1 trillion per year? Nothing? Prosperity? Just what do you think will happen? Originally Posted by CuteOldGuy
Where did you get this information? Let me guess:
Originally Posted by timpage