Page 1 of 2 12 LastLast
Results 1 to 10 of 12

Thread: Uh Oh: China Doesn't Want To Lend Us Money Anymore

  1. #1
    Dispenser of Negativity
    Cold Highway's Avatar
    Join Date
    May 2007
    Location
    Newburgh, New York and World 8: Dark Land
    Last Seen
    12-24-12 @ 11:21 PM
    Gender
    Lean
    Libertarian
    Posts
    9,596
    Blog Entries
    7

    Uh Oh: China Doesn't Want To Lend Us Money Anymore

    This is critical question, because resistance on the part of creditors will drive up interest rates, clobbering the housing market and demolishing the value of whatever cash savings Americans have left. The other answer--our government lending the money
    to itself--will destroy the value of the dollar, and that wouldn't help too many people, either (except debtors--it would help debtors because they will be able to repay nominal debts with toilet-paper dollars.
    You see its basic banking principal, if you know the person your loaning to can't pay back the money you have already lent to them, you stop lending. Forget about the United Socialist States of America, I say we will become the United Peoples Republic of America.

    Uh Oh: China Doesn't Want To Lend Us Money Anymore
    Jackboots always come in matched pairs, a left boot and a right boot.

  2. #2
    Professor
    Baralis's Avatar
    Join Date
    May 2009
    Location
    MO
    Last Seen
    12-05-17 @ 03:53 AM
    Gender
    Lean
    Independent
    Posts
    2,394
    Blog Entries
    1

    Re: Uh Oh: China Doesn't Want To Lend Us Money Anymore

    It could actually be in the US governments best interest (not ours) to self loan and print and cause mass inflation of the US dollar. By doing so it actually makes the repayment owed creditors substantially lower in value then the original contract.

  3. #3
    Dispenser of Negativity
    Cold Highway's Avatar
    Join Date
    May 2007
    Location
    Newburgh, New York and World 8: Dark Land
    Last Seen
    12-24-12 @ 11:21 PM
    Gender
    Lean
    Libertarian
    Posts
    9,596
    Blog Entries
    7

    Re: Uh Oh: China Doesn't Want To Lend Us Money Anymore

    Quote Originally Posted by Baralis View Post
    It could actually be in the US governments best interest (not ours) to self loan and print and cause mass inflation of the US dollar. By doing so it actually makes the repayment owed creditors substantially lower in value then the original contract.
    I've heard of this scenario and your right, it wont be in our best interest to do that because if China sees that the US dollar is worthless they will just buy up land and take our resources.
    Jackboots always come in matched pairs, a left boot and a right boot.

  4. #4
    Sage
    PeteEU's Avatar
    Join Date
    Mar 2006
    Location
    Denmark
    Last Seen
    Today @ 02:54 PM
    Gender
    Lean
    Centrist
    Posts
    29,090

    Re: Uh Oh: China Doesn't Want To Lend Us Money Anymore

    Quote Originally Posted by chevydriver1123 View Post
    I've heard of this scenario and your right, it wont be in our best interest to do that because if China sees that the US dollar is worthless they will just buy up land and take our resources.
    Are they not already doing that?
    PeteEU

  5. #5
    Advisor Don't Tase Me Bro's Avatar
    Join Date
    May 2009
    Location
    South Carolina
    Last Seen
    11-22-09 @ 08:11 PM
    Gender
    Lean
    Libertarian
    Posts
    446

    Re: Uh Oh: China Doesn't Want To Lend Us Money Anymore

    Quote Originally Posted by chevydriver1123 View Post
    You see its basic banking principal, if you know the person your loaning to can't pay back the money you have already lent to them, you stop lending. Forget about the United Socialist States of America, I say we will become the United Peoples Republic of America.

    Uh Oh: China Doesn't Want To Lend Us Money Anymore
    Good! I hope they don't. Maybe it's time this country felt the pain of its actions.

  6. #6
    King of Videos
    dirtpoorchris's Avatar
    Join Date
    Jan 2008
    Location
    WA
    Last Seen
    Today @ 04:55 PM
    Gender
    Lean
    Libertarian
    Posts
    7,025

    Re: Uh Oh: China Doesn't Want To Lend Us Money Anymore

    Quote Originally Posted by Baralis View Post
    It could actually be in the US governments best interest (not ours) to self loan and print and cause mass inflation of the US dollar. By doing so it actually makes the repayment owed creditors substantially lower in value then the original contract.

    Making cool-aid.

    I make a big ass batch of cool-aid. Extra sweet. Extra good. I then pour 30% of its content into my personal container. I then pour half of what is left into an empty milk jug and the other half into a different jug. Fill with water. Serve watery cool-aid to everyone else. *sit back and sip on some bomb ass cool-aid.
    I'm Finding it Harder to be a Gentleman, White Stripes ~ "You think I care about me and only me. When every girl needs help climbing up a tree."

  7. #7
    Klattu Verata Nicto
    LaMidRighter's Avatar
    Join Date
    May 2005
    Location
    Louisiana
    Last Seen
    07-21-17 @ 02:42 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    30,534

    Re: Uh Oh: China Doesn't Want To Lend Us Money Anymore

    Quote Originally Posted by Baralis View Post
    It could actually be in the US governments best interest (not ours) to self loan and print and cause mass inflation of the US dollar. By doing so it actually makes the repayment owed creditors substantially lower in value then the original contract.
    I'd go further and say that inflation could be good for the overall mindset of America in that people might actually wake up and start demanding spending accountability from politicians when their buying power starts to be affected, of course, that is speculation on my part.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  8. #8
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

    Re: Uh Oh: China Doesn't Want To Lend Us Money Anymore

    Quote Originally Posted by chevydriver1123 View Post
    I've heard of this scenario and your right, it wont be in our best interest to do that because if China sees that the US dollar is worthless they will just buy up land and take our resources.
    Unlikely. To actually do that, we'd need to quickly ramp up printing, and there's no way we could beat them to the punch. They'd instantly place their $600 or so billion US debt notes on the market. There's no way to inflate fast enough to dampen that kind of impact on the dollar.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  9. #9
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Yesterday @ 10:49 AM
    Gender
    Lean
    Conservative
    Posts
    76,323

    Re: Uh Oh: China Doesn't Want To Lend Us Money Anymore

    Quote Originally Posted by obvious Child View Post
    Unlikely. To actually do that, we'd need to quickly ramp up printing, and there's no way we could beat them to the punch. They'd instantly place their $600 or so billion US debt notes on the market. There's no way to inflate fast enough to dampen that kind of impact on the dollar.
    Somebody would have to buy those notes. Who has the money?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  10. #10
    Advisor
    Join Date
    Aug 2009
    Location
    Dallas-Ft.Worth
    Last Seen
    11-28-09 @ 02:50 AM
    Gender
    Lean
    Liberal
    Posts
    541

    Re: Uh Oh: China Doesn't Want To Lend Us Money Anymore

    I you owe me $300 I control you.

    I you owe me $3 Trilliion, you control me.




    The FACT OF THE MATTER is China is joined at the hip with the USA and cannot stop lending us money unless they want to see their investment wiped out.


    This thread is just another scary tale passed on by the right wing 99% of whom have no knowledge of how finance works.

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •