• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!
  • Welcome to our archives. No new posts are allowed here.

ron paul.

beerftw said:
and china can manipulate our non gold standar by simply coming out and saying you dont owe us money anymore.
Click to expand...
Wow....you have me stumped right off the bat.

You are a funny guy.

If China wrote off the debt we owe them.....um......that would help our balance sheet....but then this is like wondering what effect Superman would have on stopping the Nazis. This is entering comic book territory.

Carry on.
 
Gimmesometruth said:
Wow....you have me stumped right off the bat.

You are a funny guy.

If China wrote off the debt we owe them.....um......that would help our balance sheet....but then this is like wondering what effect Superman would have on stopping the Nazis. This is entering comic book territory.

Carry on.
Click to expand...

FACT: China owns less than 10% of our national debt.
 
Gimmesometruth said:
Wow....you have me stumped right off the bat.

You are a funny guy.

If China wrote off the debt we owe them.....um......that would help our balance sheet....but then this is like wondering what effect Superman would have on stopping the Nazis. This is entering comic book territory.

Carry on.
Click to expand...

our currency is partly held together by debt.our money is only worth something if other countries say it is.since we owe alot of money it helps us hold value because no one wants to be paid monopoly money,so they determine its worth what they want.

we also base money off of our economy and gdp,and also that we price oil in dollars,and that even though no country is required to pay in dollars most countries stockpile them to make transactions easier.
 
Last edited:
Thunder said:
FACT: China owns less than 10% of our national debt.
Click to expand...

fact: we keep borrowing money from china to pay the 90% that isnt what china owns, therefore we are giving china a monopoly of the owning our national debt
 
Thunder said:
FACT: China owns less than 10% of our national debt.
Click to expand...
I think you need to differentiate public v private debt. They do own @ 26% of public (fed t notes, etc ) debt.

Are you trying to support my argument or beef's?
 
Thunder said:
they own less than 10% of our total national debt.
Click to expand...

unfortunately if china dumped our national debt,10% of our currency value backed by debt would be dropped,not sure the ratio though i figure though it would hurt our currency atleast enough to throw us back into a recession.
 
beerftw said:
unfortunately if china dumped our national debt,10% of our currency value backed by debt would be dropped,not sure the ratio though i figure though it would hurt our currency atleast enough to throw us back into a recession.
Click to expand...

and why, would China do something as stupid as that?
 
Thrilla said:
will South Korea be joining us?
Click to expand...

South Korea has the third most number of troops in Afghanistan. It also was part of the coalition in Iraq. South korea also has troops committed to peace-keeping in several places in Africa. Don't try so hard to appear ignorant
 
Thunder said:
and why, would China do something as stupid as that?
Click to expand...

if china dumped our debt they could cripple our economy,im fairly sure china doesnt loan us money out of the greatness in their hearts,its so they could have something to hold over us.china right now wont drop it because we pretty much fund china through outsourced products we buy,but they always hold the option unless we pay off atleast the majority of what we owe them.
 
Last edited:
Proud South Korean said:
South Korea has the third most number of troops in Afghanistan. It also was part of the coalition in Iraq. South korea also has troops committed to peace-keeping in several places in Africa. Don't try so hard to appear ignorant
Click to expand...

i noticed south korea ran half of bagram!!!!!!!!!
 
beerftw said:
if china dumped our debt they could cripple our economy,im fairly sure china doesnt loan us money out of the greatness in their hearts,its so they could have something to hold over us.china right now wont drop it because we pretty much fund china through outsourced products we buy,but they always hold the option unless we pay off atleast the majority of what we owe them.
Click to expand...
Again, you baffle me.

If I owed you x dollars, and you forgave that debt, how would that effect my net worth?
 
beerftw said:
if china dumped our debt they could cripple our economy,im fairly sure china doesnt loan us money out of the greatness in their hearts,its so they could have something to hold over us.china right now wont drop it because we pretty much fund china through outsourced products we buy,but they always hold the option unless we pay off atleast the majority of what we owe them.
Click to expand...

um.....its called interest.

we pay China interest.
 
Gimmesometruth said:
Again, you baffle me.

If I owed you x dollars, and you forgave that debt, how would that effect my net worth?
Click to expand...

yuo simply fail to understand monetary policy post gold standard,if our money is partly tied to debt,and 10m percent of the debt is dropped,it would hurt our money.

quit living in a fantasy world and google us monetary policy before you open your mouth.
 
Thunder said:
um.....its called interest.

we pay China interest.
Click to expand...

umm we have to pay china more than interest,and please still explain how dropping debt doesnt affect currency partly backed by debt.
 
haymarket said:
he is a libertarian.

I am not sure that is a difference with a distinction.
Click to expand...

There are some very moderate libertarians that I have respect for, but he's not moderate and I have no respect for him. It's the extreme wingnuts, the ones who have no grip on reality, that we just don't need.
 
beerftw said:
yuo simply fail to understand monetary policy post gold standard,if our money is partly tied to debt,and 10m percent of the debt is dropped,it would hurt our money.

quit living in a fantasy world and google us monetary policy before you open your mouth.
Click to expand...
I am trying to keep it simple for you...and you ignore the question posed.

If I owe you 10% of my net worth, and you forgive that debt, what happens to my net worth?
 
beerftw said:
umm we have to pay china more than interest,and please still explain how dropping debt doesnt affect currency partly backed by debt.
Click to expand...

if they forgive our debt, that's a ****load of interest we no longer have to pay back.
 
Thunder said:
question???????
Click to expand...
WTF was your point? How did that relate to the gold standard.....the conversation between beef and I?

Are you prone to blurting out unrelated facts while quoting me...or what?
 
Gimmesometruth said:
I am trying to keep it simple for you...and you ignore the question posed.

If I owe you 10% of my net worth, and you forgive that debt, what happens to my net worth?
Click to expand...

our currency isnt just based off net worth,its also based off debt and the fact the globe bases gas prices off dollars,and most countries stockpile us dollars out of convenience.

so your just ignoring half what makes our dollar go and hoping no one would catch your ignorance,shame on you!!!!!!
 
You must log in or register to reply here.
Back
Top Bottom