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Old November 7th, 2012, 03:46 PM   #1
3stratman
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Default When China finally wants their money back.

With each passing day that the national debt grows thanks to the government's spending, so does the amount of money that we owe to China, who is financing all of our debt. Knowing that China has been one of the worst human rights violators on earth throughout their existence, and they pretty much own us now, what the hell is going to happen when they finally come calling and say "we want all our money back, NOW!"???
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Old November 7th, 2012, 03:51 PM   #2
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The plan will be to find some other smuck to buy out bonds. If that doesn't happen then look at Greece currently because it's pretty much an accurate picture of what a country looks like when it defaults on their debt.
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Old November 7th, 2012, 03:56 PM   #3
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Yeah, but I don't believe that China is going to be very nice to us if we default on our loans from them...
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Old November 7th, 2012, 03:59 PM   #4
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China holds a large amount of our debt but it is not "all" of our debt. That being said I still plan to learn to speak chinese that way I can tell my future Master to F--k off in their own language...
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Old November 7th, 2012, 05:51 PM   #5
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Obama voters claim he stands up for the low and middle class, yet somehow can't make the connection that an increase in the deficit is really just an increase in taxes, considering who shoulders the responsibility for funding the government.
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Old November 7th, 2012, 06:13 PM   #6
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Seems like it would be an easy fix. Bring all the jobs shipped overseas back here. More people working more people paying taxes.
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Old November 7th, 2012, 06:24 PM   #7
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Seems like it would be an easy fix. Bring all the jobs shipped overseas back here. More people working more people paying taxes.
Funny, that's pretty much what Romney was promoting & no one believed him. Instead they wanted specifics. Common sense....................
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Old November 7th, 2012, 06:29 PM   #8
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Old November 7th, 2012, 08:24 PM   #9
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Originally Posted by 3stratman View Post
With each passing day that the national debt grows thanks to the government's spending, so does the amount of money that we owe to China, who is financing all of our debt. Knowing that China has been one of the worst human rights violators on earth throughout their existence, and they pretty much own us now, what the hell is going to happen when they finally come calling and say "we want all our money back, NOW!"???
China stopped buying US treasuries some time ago and began diversifying their holdings. The FED is monetizing nearly all of our debt now to the tune of 40-80 billion a month with no end date. i believe they (the FED) just became the largest US debt holder recently. QE to infinity.

Never the less China may own the financial world eventually, since they are buying all the oil, gold, and silver they can find. It won't be until someone agrees to trade oil in something other than US dollars that the US dollar will really have a problem. The US military won't allow that as long as US soldiers are willing to accept devalued US dollars as payment.
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Old November 7th, 2012, 08:32 PM   #10
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Sometimes I wonder if a massive, world wide disaster of some sort isn't what is needed at this point.

After that debts wouldl be meaningless and those that have not contributed anything to the system for so long will have to or they will starve with no full on government to take care of them.

Or maybe a revolution...
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Old November 7th, 2012, 08:33 PM   #11
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I heard from a friend in the millitary, that China has been buying water from USA for years in vast amounts. Google it and take it for what it is worth
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Old November 7th, 2012, 08:37 PM   #12
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gun sales were up 86% today after BO was re elected.
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Old November 7th, 2012, 08:39 PM   #13
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gun sales were up 86% today after BO was re elected.
I think BO & Company would be best served steering clear of gun control issues until all of the pissed off gun owners in this country cool down a bit.

That being said I'm sure next week we should see the assault rifle ban.
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Old November 7th, 2012, 08:40 PM   #14
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And the Dow Jones was down over 2% for the biggest one-day loss this year.
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Old November 7th, 2012, 08:40 PM   #15
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I think BO & Company would be best served steering clear of gun control issues until all of the pissed off gun owners in this country cool down a bit.

That being said I'm sure next week we should see the assault rifle ban.
im convinced that they will either ban ARs or put a nasty tax on ammo. The big talk right now is a tax on ammo so that gun owners will not be able to afford to buy it.
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Old November 7th, 2012, 08:44 PM   #16
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Quote:
Originally Posted by mschaffer66 View Post
Sometimes I wonder if a massive, world wide disaster of some sort isn't what is needed at this point.

After that debts wouldl be meaningless and those that have not contributed anything to the system for so long will have to or they will starve with no full on government to take care of them.

Or maybe a revolution...
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Old November 7th, 2012, 08:46 PM   #17
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im convinced that they will either ban ARs or put a nasty tax on ammo. The big talk right now is a tax on ammo so that gun owners will not be able to afford to buy it.
That is what I was worried about and had told someone to start buying up ammo..
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