How do we pay for all of these homes if China takes all our jobs?
And all those patriotic fox news viewers shop at wal-mart for cheap chinese crap?
Well, good news is that China is the one holding our mortgage bag that's about to go poof
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answer is we can't
Oh my, it seems the PC police have removed my earlier post. The one where I suggested Senator Dorgan is a two-faced asshole who stood in line behind Monica for a taste of Big Bill.
Unlike some, I can remember back to '96 when Robert Rubin and Alan Greenspan cooked up that nifty trade deal with China (what do you think all that campaign cash bought?). Dorgan certainly didn't whine or complain about American jobs going overseas back then, did he?
I hear a lot of reference about Asia (China) buying all our debt. Seems to me there is an awefull lot of debt out there, how can the Chinese afford all this?
I thought debt was funny money, simply created out of thin air. Fractional Reserve Banking, 10-1 rule. Banks only need to have 10% in reserves. When I deposit $1000 in a bank they can now lend out $9000 to someone else who now has to pay interest on it. When it is paid back, the books are zeroed out and the bank has received $XX.XX dollars in interest. The $9000 doesn't really exist, just a number on a ledger, a piece of paper, a bookeeping problem.
So, who would need to buy this $9000 loan? I guess I'm missing something here... thanks for any clarification.
Mark.
Check out this link - the coventional wisdom is that the reserve ratio is effectively 0. This link seems to confirm that. In any case, here there be monsters
http://www.federalreserve.gov/monetarypolicy/reservereq.htm
http://www.federalreserve.gov/
monetarypolicy/reservereq.htm
All part of the big plan man...
They spend all the money on "Big Gov't," and wars to the point that there's nothing left- no more SS no more medicaid and companies get to run even more amuk. Make the people poor...
Hey, who rules the world- in USA (not America)- THE CORPORATION. That is, "America" remains a dream and/or concept that cannot be taken away from the hearts and minds of reasonable souls- GWB should have said that after 911 not the oooahhhh bullshit that he did.
I made millions manufacturing toys and frying pans in China, then I banged youre wife! Think I'll fly my helicopter to my private island I bought fliping houses. Ha ha you loser Democrats. Period.
Keith, don't you smell something fishy? I'm the anon who posted earlier about our banking system (Fractional Reserve Banking). Is it feasible that the Chinese have purchased 10 trillion dollars of our real estate loans in the last 5 years (and our national debt)? A few months ago I started thinking about it and I can't get the numbers to add up... it just doesn't make any sense. I still think I'm missing something here.
HOW MUCH DO YOU WANT TO WAGER THAT THE MAJORITY OF THE ARMS AND INTEREST ONLY SUCKERS...VOTED FOR BUSH????
If the above is true, watch how many Republicans turn Democrat next year.
Bingo. ARM/HELOC McMansion + Bush + Yankees fairweather fandom + Walmart + SUV + Starbucks + Brintey Spears + worshipping $ at the megachurch + 6 bladed razors = zeitgeist. Let's flush it all (excepting Yanks fans who come by it honestly).
"If there are no jobs, won't immigrants stop coming"?
Hmm... if I recall correctly, the mid 1930's was the only point in U.S. history when there was net emigration from the U.S.
Great senator! Too bad the seriousness of what he had to say was washed down by the ass-clown host!
I made millions manufacturing toys and frying pans in China, then I banged youre wife! Think I'll fly my helicopter to my private island I bought fliping houses. Ha ha you loser Democrats. Period.
You're dreaming. You've probably got one tooth left and live in the mountains in a tumbled down shack.
There's nothing I hate more than some spineless slimy Republican voting Dem. when things go bad. Where are they when things are good? Two words: whimpy losers
"There's nothing I hate more than some spineless slimy Republican voting Dem. when things go bad. Where are they when things are good? Two words: whimpy losers "
Seven words: the failed economic polices of George Bush.
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