> RoMunn wrote:
>
> Government is not a business. We are borrowing to finance the growth of
> government, not private industry.
>
Hmmm ... Have you notified the financial services industry? I don't
think they've heard.
But in any event, those tired platitudes no longer apply.
It's new World Ro
Government is not a business. We are borrowing to finance the growth of
government, not private industry.
On Tue, Feb 24, 2009 at 5:37 PM, Gruss wrote:
>
> Now our country finds itself in the same position as, say, a freshly
> graduated law or medical student: a lot of potential, but a shitload
> RoMunn wrote:
> That's the irony of this whole mess.
Nope, the irony of the whole mess is that Bush allowed to insane
levels of what Clinton started. Or, more accurately, Bush was
clueless as to what was going on even though he was explicitly told.
Here's how it happened:
(1.) Clinton disman
That's the irony of this whole mess. Obama and the Democratic leadership in
Congress say Bush screw us by spending and borrowing too much, and their
prescription is to double down on borrowing and spending.
On Tue, Feb 24, 2009 at 3:56 PM, Sam wrote:
>
> What's the Obama advice? Borrow a few mo
Actually, it was Nixon and Kissinger who took us into that Chinese
alley. Bush just continued to pimp us out.
On Tue, Feb 24, 2009 at 3:42 PM, Gruss Gott wrote:
> Nope I'm saying Bush took us into a Chinese back alley and told us
> we'd have a great time.
~
What's the Obama advice? Borrow a few more trillion?
I hear they already have a new $410 billion spending bill.
On Tue, Feb 24, 2009 at 3:42 PM, Gruss Gott wrote:
>
> Nope I'm saying Bush took us into a Chinese back alley and told us
> we'd have a great time.
>
> Turns out, Bush no give good ad
> RoMunn wrote:
>
> Except that they don't have gold, they have dollars, the value of which we
> control. So who is really in prison, eh? In effect, all of us, including the
> Chinese.
>
No. They have debt that is owed in dollars that is payable on a
timeline and transferable to gold, dinars, or
> Sam wrote:
> What are you saying? We have the gold and all they have is cheap paper notes?
>
Nope I'm saying Bush took us into a Chinese back alley and told us
we'd have a great time.
Turns out, Bush no give good advice. For long time
What are you saying? We have the gold and all they have is cheap paper notes?
On Tue, Feb 24, 2009 at 3:26 PM, Robert Munn wrote:
>
> Except that they don't have gold, they have dollars, the value of which we
> control. So who is really in prison, eh? In effect, all of us, including the
> Chin
Except that they don't have gold, they have dollars, the value of which we
control. So who is really in prison, eh? In effect, all of us, including the
Chinese.
On Tue, Feb 24, 2009 at 12:59 PM, Gruss G wrote:
>
>
> You've forgotten the golden rule: he who has the gold makes the rules.
>
~
> Mo wrote:
> That's already happened. The entire TARP fiasco was a direct result
> of Chinese treats to call in their markers.
>
Yeah, could be. I'm not sure I totally believe that, but even if it's
NOT true it would've had that same effect.
My sense, though, is that you're more right than wr
That's already happened. The entire TARP fiasco was a direct result
of Chinese treats to call in their markers.
On Tue, Feb 24, 2009 at 12:53 PM, Gruss Gott wrote:
>
> China can do the same to us. They don't have to "ruin us". They
> could jolt our entire economy for a week; nothing too bad,
> RoMunn wrote:
> I think you overestimate their ability to absorb more pain and
> underestimate ours.
That's a fairy tale that prisoners tell themselves to pretend they're
not in prison.
You've forgotten the golden rule: he who has the gold makes the rules.
China can easily find other trading
> Dino wrote:
>
> If they ruin us then who would buy their stuff?
>
The huge error in that thinking is that it's an either/or.
It's not.
If I put you on a long electrified leash, I can let you run so far
that you think you're free.
But if I've decided you've gone too far I can give you a littl
I think you overestimate their ability to absorb more pain and
underestimate ours. The Chinese can't risk a collapse in the dollar.Whatever
happens to us, the effect on the Chinese economy, and Chinese society, would
be devastating. Imagine 200 million people out of work and pissed off at the
gov
Exactly, and more to the point, they would not ruin us. They would force us
to do one of two things: cut spending dramatically, or devalue the dollar.
Either one would be very damaging for us, but devastating for them.
This is exactly the problem the Russians, Venezuelans, and Iranians are
facing
If they ruin us then who would buy their stuff?
On Tue, Feb 24, 2009 at 3:23 PM, Gruss Gott wrote:
>
> > RoMunn wrote:
> >
> > http://articles.moneycentral.msn.com/
>
> Economic warfare is like any other warfare: the goals is hurt your
> enemy more than they hurt you.
>
> In other words, China
> RoMunn wrote:
>
> http://articles.moneycentral.msn.com/
Economic warfare is like any other warfare: the goals is hurt your
enemy more than they hurt you.
In other words, China could easily begin selling off US currency - not
a lot, just a little - to cause us a great deal of pain and them some
http://articles.moneycentral.msn.com/Commentary/Experts/Jubak/jim-jubak-video-ap.aspx?cp-documentid=83e38903-ea6a-4123-b181-75bad7a7303c%26tab=Jubak%27s%20Journal
~|
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