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Protest against Chinese President Hu.

SouthernDemocrat said:
Ok sure, lets stop servicing all debt that China is floating for us. We would go practically overnight from the world's safest investment to junk bond status. We would then have to offer extremely high interest rates for other nations and investors to assume the risk of purchasing U.S. T-Bills. We would then spend exponentially what we do now on servicing debt. We would then be faced with deficits that rivalled our GDP because of all the cost associated with servicing that high interest debt. We would then be forced to default on virtually all of our debts. And finally, we would then see a worldwide economic collapse.
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Why would it send us to junk bond status? I mean we invest in China and they defaulted on all foriegn debt following the 1949 Communist Revolution, I'm saying we return the favor is all.
 
Trajan Octavian Titus said:
Why would it send us to junk bond status? I mean we invest in China and they defaulted on all foriegn debt following the 1949 Communist Revolution, I'm saying we return the favor is all.
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That was also a complete change of government control.
 
Trajan Octavian Titus said:
Why would it send us to junk bond status? I mean we invest in China and they defaulted on all foriegn debt following the 1949 Communist Revolution, I'm saying we return the favor is all.
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And China remained impoverished for 30+ years afterward. Why would we want to do the same and ruin our economy by destroying our nation's credit?
 
Kandahar said:
And China remained impoverished for 30+ years afterward. Why would we want to do the same and ruin our economy by destroying our nation's credit?
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Impovershed I think is an understatment.
 
Kandahar said:
And China remained impoverished for 30+ years afterward. Why would we want to do the same and ruin our economy by destroying our nation's credit?
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Kandahar said:
we need their economic cooperation as much as they need ours.
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Really, we stop buying their sneakers and plastic toys, maybe a real crackdown on all the pirating they do of our copyrighted material, and what exactly will happen to us? Besides us having to pay more for bullshit at Wal-mart and maybe some more factories opening up in this nation to make Christmas presents, footwear and little buzzing plastic things for Billo.

Tell us how the great and powerful Zhongguo can cause our ruin.
 
teacher said:
Really, we stop buying their sneakers and plastic toys, maybe a real crackdown on all the pirating they do of our copyrighted material, and what exactly will happen to us? Besides us having to pay more for bullshit at Wal-mart and maybe some more factories opening up in this nation to make Christmas presents, footwear and little buzzing plastic things for Billo.

Tell us how the great and powerful Zhongguo can cause our ruin.
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And we would no longer be contributing to the deliquency of a corrupt institution, it's a win lose.
 
teacher said:
Really, we stop buying their sneakers and plastic toys, maybe a real crackdown on all the pirating they do of our copyrighted material, and what exactly will happen to us? Besides us having to pay more for bullshit at Wal-mart and maybe some more factories opening up in this nation to make Christmas presents, footwear and little buzzing plastic things for Billo.

Tell us how the great and powerful Zhongguo can cause our ruin.
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By completely discrediting the security of US economic strength. Essentially causing junk bond status and collapsing the government's ability to function
 
Kandahar said:
And China remained impoverished for 30+ years afterward. Why would we want to do the same and ruin our economy by destroying our nation's credit?
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I seriously doubt that if we defaulted on the loans from China that it would effect our trade status with other nations, we are after all the United States, and even if it did, we were doing just fine under protectionism and isolationism for more than 150 years.
 
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GarzaUK said:
Oh so your defending Bush's apology?? Strange.

American politicans and European politicans are both politicans. :roll:
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Nice dodge. Actually, from what I have read it was more out of politeness than anything else. Still doesn't explain why Britain won't even allow ELECTED Taiwanese presidents ON ITS SOIL!
 
jfuh said:
By completely discrediting the security of US economic strength. Essentially causing junk bond status and collapsing the government's ability to function
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The government has an ability to function now? As I recall we are currently 8 trillion dollars in debt thanks to the fiscal responsiblility of the Federal Government.

They're allowed to default on our loans but we can't do the same . . . oh the hypocricy.
 
jfuh said:
By completely discrediting the security of US economic strength. Essentially causing junk bond status and collapsing the government's ability to function
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Yea, right. The security of US economic strength is we will buy stuff, the fact that we lead the world in technology, food, science, military, space, ideas, entertainment, schools and Universities, medicine, research, world wide disease control and inoculation, aid and care to nations in trouble, and a bunch I'm sure I'm forgetting.

Not a few bonds or T-bills. In case you haven't noticed lately, the US is not really all that much affected by what goes on in the rest of the world. Percentage points, the price of this or that, to be sure. But when gas went up did you change your life? Been a while since a whole lot of people lost jobs and went hungry.

You're a glass is half full kinda guy, aren't you? The sky is falling.

Friggin China is gonna knock us down? Please. China, the EU, and the ME all at once, together, maybe.
 
Trajan Octavian Titus said:
The government has an ability to function now? As I recall we are currently 8 trillion dollars in debt thanks to the fiscal responsiblility of the Federal Government.

They're allowed to default on our loans but we can't do the same . . . oh the hypocricy.
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Since when was anyone allowed to?
 
teacher said:
Yea, right. The security of US economic strength is we will buy stuff, the fact that we lead the world in technology, food, science, military, space, ideas, entertainment, schools and Universities, medicine, research, world wide disease control and inoculation, aid and care to nations in trouble, and a bunch I'm sure I'm forgetting.

Not a few bonds or T-bills. In case you haven't noticed lately, the US is not really all that much affected by what goes on in the rest of the world. Percentage points, the price of this or that, to be sure. But when gas went up did you change your life? Been a while since a whole lot of people lost jobs and went hungry.
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Perhaps then you could explain the serious national security threat of the 8trillion+ national debt? Junk bond status of the US very much will collapse the US economy.

teacher said:
You're a glass is half full kinda guy, aren't you? The sky is falling.
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I'm a glass is over engineered by 50% kinda guy. The sky has a big hole in it.

teacher said:
Friggin China is gonna knock us down? Please. China, the EU, and the ME all at once, together, maybe.
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China won't knock us down, however they could shut us down without firing off a single bullet.
 
Trajan Octavian Titus said:
I seriously doubt that if we defaulted on the loans from China that it would effect our trade status with other nations,
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Then you don't have the faintest understanding of economics. Other nations would worry that we'd default on THEIR loans as well...and rightly so.

Trajan Octavian Titus said:
we are after all the United States,
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And I'm sure that banks will just give us free money because we're Americans, without worrying about trivial things like us repaying the debt. :roll:

Trajan Octavian Titus said:
and even if it did, we were doing just fine under protectionism and isolationism for more than 150 years.
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Except we weren't protectionist or isolationist for 150 years. There were very few trade barriers on the American side of the equation until the early 1900s.

If you think protectionism works, you'll be quite happy in Latin America.
 
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jfuh said:
Perhaps then you could explain the serious national security threat of the 8trillion+ national debt? Junk bond status of the US very much will collapse the US economy.
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Ya umm prove it. Why would our defaulting on Chinese loans effect our trading status with other foriegn powers?
I'm a glass is over engineered by 50% kinda guy. The sky has a big hole in it.
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Well then you should support screwing red China if you believe in the myth of global warming.
China won't knock us down, however they could shut us down without firing off a single bullet.
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Sure they can.
 
ludahai said:
The CIA seems to disagree with you.
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It's de jure communist, because it's run by a political party that calls itself the Communist Party. China is certainly not communist in practice though; North Korea and Cuba are the only ones left.
 
Kandahar said:
Then you don't have the faintest understanding of economics. Other nations would worry that we'd default on THEIR loans as well...and rightly so.
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Umm historically we have loaned out more money then any other country in the history of the world, I just think it's hypocritical that China and other Communist nations have free reign to default on our loans without it effecting their trade but we can't do the same. Just look at Venezuela they're confiscating our bussinesses but people still trade with them . . . same with Cuba.


And I'm sure that banks will just give us free money because we're Americans, without worrying about trivial things like us repaying the debt. :roll:
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We run the IMF and the WTO unless you haven't noticed.
 
Kandahar said:
It's de jure communist, because it's run by a political party that calls itself the Communist Party. China is certainly not communist in practice though; North Korea and Cuba are the only ones left.
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They have no property rights in China, and allthough private enterprise is allowed it is still heavily regulated and the state can take it when ever it pleases.
 
Trajan Octavian Titus said:
Ya umm prove it. Why would our defaulting on Chinese loans effect our trading status with other foriegn powers?
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I did, reread my posts.

Trajan Octavian Titus said:
Well then you should support screwing red China if you believe in the myth of global warming.
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:ot But how does screwing china protect the environment exactly?

Trajan Octavian Titus said:
Sure they can.
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..ok :roll:
 
jfuh said:
China won't knock us down, however they could shut us down without firing off a single bullet.
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Well, that's a difference of opinion that can only be solved if it comes to pass. You can play your numbers will bring down America. I'll say the rest of the world will deal with us just fine, keep buying our food and movies, sending their kids to our Universities, their sick to our hospitals. Shipping us BMW's and Toyota's for us to buy. Running to us when a Saddam rolls onto their turf.

8 trillion, please. What's that compared to the real wealth of America? Carlin says the glass is too big. And I suppose humans put the hole in the sky too?

China can shut down America. You've been reading to many economics text books from thirty years ago. You probably sold stock on 9/12.
 
jfuh said:
I did, reread my posts.
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You have proved nothing that is your own opinion.

:offtopic: But how does screwing china protect the environment exactly?
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Umm because they are soon to be the largest consumers of fossil fuels and their environmental regulations are almost non-existent.
 
Trajan Octavian Titus said:
Umm historically we have loaned out more money then any other country in the history of the world,
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Who cares? We can't just default on our debt because we loaned out money in the past.

Trajan Octavian Titus said:
I just think it's hypocritical that China and other Communist nations have free reign to default on our loans without it effecting their trade
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Except it DOES affect their ability to receive loans when they default. I once again remind you that China remained impoverished for over 30 years following the Communist Revolution.

Trajan Octavian Titus said:
but we can't do the same.
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Even if that were true, the realities of economics aren't going to magically change because something isn't fair to the United States.

Trajan Octavian Titus said:
Just look at Venezuela they're confiscating our bussinesses but people still trade with them
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That's because they have oil. Venezuela's economy in all other sectors has TANKED since Hugo Chavez was elected, and even in the oil industry most companies refuse to directly invest in Venezuela.

Trajan Octavian Titus said:
same with Cuba.
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No they don't. The only "trade" that Cuba does is a little tourism, and Cuban-Americans illegally sending money back home. If you wander the streets of Havana, I guarantee you won't see many multinational corporate offices.

Trajan Octavian Titus said:
We run the IMF and the WTO unless you haven't noticed.
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No. We don't. Next?
 
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