Trillions is the kind of money people start shooting over, take all that babble and flush it down the toilet.

Besides, they dont have to shoot to have war. In war you try to cripple your enemies infrastructure, make supplies unavailable, cause division among the population. China can do all that economically by for example using another currency without ever chambering a round.

The scenario of china calling in our debt is an absolutely real threat.

Oh please. You can't even get the amount correct, your next war will likely be your first and I can tell you've never been in business for yourself and had people owe you money.

Do us all a favor and read something like Forbes instead of sites like Rense.com. We've ALREADY DONE to China exactly what you're so afraid of-- the Chinese are crying in their beer about the FED pumping money into our economy by printing money, thus making the value of the dollars they are holding worth less.

And if you read Forbes and the commentary from out of China _itself_, you'd know that that 'division' you're talking about is happening amongst _their_ population. Their top leaders are being accused of corruption because despite the prodigious growth of the last decade, the lot of the common person has gone nowhere fast.

Demonstrably, they painted themselves in the corner. They used a monetary policy that counted on monsterous growth and foreign investment to keep their own currency down, but now find they are caught in a classic Catch 22-- they are dependent on exports to keep growing and growing, and when that doesn't happen, they suffer at home. But, that can't happen as their currency grows stronger against the dollar, hurting their ability to keep the export cart from being upended.

In other words, they have all their eggs in one basket. As Donald Trump famously said, "If you owe the bank a dollar, the bank owns you. But if you owe the bank a billion dollars, you own the bank." In other words, anything you do to destroy your biggest debtor is going to boomerang on you and you won't get your money back. You may think the Chinese have us over a barrel, but it just looks that way. It could be increasingly difficult to find out just who has whom.

But hey, don't believe me-- read Forbes, from the family that pioneered the Flat Tax.


-Kerry O.

http://mingle2.com/topic/show/248084

So what? I already debunked your bogus scenario. Hit it out of the park, actually. There's nothing contradictory in pointing out that the Chinese are not nearly as far in the catbird seat that you folks on the fringe think, that they are playing with the same hard-luck deck of cards we are and are not nearly as unscrutable as you guys think.

It was the same way with the Russians. When Kruschev banged his shoe on the podium at the U.N. and said "We will bury you!", his political enemies in the Kremlin used it as evidence that he was becoming unhinged. The Cuban missile crisis only added to that perception and soon after, he was deposed.

And BTW, whether you care to admit it or not, these same sort of histrionics lended no small hand in driving the Far Right from power in this country. That and some foolish statements made from Treasury-Secretary-waiting-in-the-wings Phil Gramm, who said the economy wasn't bad at all and Americans were being whiney about it.


-Kerry O.

Oh please. You can't even get the amount correct, your next war will likely be your first and I can tell you've never been in business for yourself and had people owe you money.

--------------You are wrong again dear, I own a business and also help run another in my day job. You dont think we owe china trillions? Are you stupid? What does whether I know about business have anything to do with this anyways?

-----------------------------
Do us all a favor and read something like Forbes instead of sites like Rense.com. We've ALREADY DONE to China exactly what you're so afraid of-- the Chinese are crying in their beer about the FED pumping money into our economy by printing money, the us making the value of the dollars they are holding worth less.

----------I subscribe to forbes and the wsj among other things. My dad is a cpa, cfp, and a consultant to H&R block, we have no lack of financial knowledge around here. Rense has plenty of good info as well.

Why are you making my points for me? We are devaluing the dollar and pissing off china.
Since you find them credible:

http://www.forbes.com/feeds/reuters/2009/09/15/2009-09-15T061706Z_01_SP312072_RTRIDST_0_NMARKETS-OIL-UPDATE-1.html

"While the euro climbed to stay in sight of its 2009 highs, supported by growing talk that Asian central banks were bidding the single currency and moving away from the U.S. dollar,"

So what do you think happens to oil prices and the US economy when oil is denominated in euros?

----------------

And if you read Forbes and the commentary from out of China _itself_, you'd know that that 'division' you're talking about is happening amongst _their_ population. Their top leaders are being accused of corruption because despite the prodigious growth of the last decade, the lot of the common person has gone nowhere fast.

Demonstrably, they painted themselves in the corner. They used a monetary policy that counted on monsterous growth and foreign investment to keep their own currency down, but now find they are caught in a classic Catch 22-- they are dependent on exports to keep growing and growing, and when that doesn't happen, they suffer at home. But, that can't happen as their currency grows stronger against the dollar, hurting their ability to keep the export cart from being upended.

In other words, they have all their eggs in one basket. As Donald Trump famously said, "If you owe the bank a dollar, the bank owns you. But if you owe the bank a billion dollars, you own the bank." In other words, anything you do to destroy your biggest debtor is going to boomerang on you and you won't get your money back. You may think the Chinese have us over a barrel, but it just looks that way. It could be increasingly difficult to find out just who has whom.


--------Chinas nukes are long paid for and we will be in no position to challenge them when the dollar collapses.

If you admit that growth occurs in a socialist country but the little guy still suffers, why do you promote socialism in america to solve the same supposed problem?

----------------


But hey, don't believe me-- read Forbes, from the family that pioneered the Flat Tax.

------Im not a fan of the flat tax or any other income tax. While the flat tax would eliminate the marxist component of our tax code...the "progressive" part, it is still an income tax. The fair tax is the way to go if we are going to change the tax system.

www.fairtax.org


-Kerry O.

So what? I already debunked your bogus scenario. Hit it out of the park, actually. There's nothing contradictory in pointing out that the Chinese are not nearly as far in the catbird seat that you folks on the fringe think, that they are playing with the same hard-luck deck of cards we are and are not nearly as unscrutable as you guys think.

It was the same way with the Russians. When Kruschev banged his shoe on the podium at the U.N. and said "We will bury you!", his political enemies in the Kremlin used it as evidence that he was becoming unhinged. The Cuban missile crisis only added to that perception and soon after, he was deposed.

And BTW, whether you care to admit it or not, these same sort of histrionics lended no small hand in driving the Far Right from power in this country. That and some foolish statements made from Treasury-Secretary-waiting-in-the-wings Phil Gramm, who said the economy wasn't bad at all and Americans were being whiney about it.


-Kerry O.

------Im not a fan of the flat tax or any other income tax. While the flat tax would eliminate the marxist component of our tax code...the "progressive" part, it is still an income tax. The fair tax is the way to go if we are going to change the tax system.

www.fairtax.org


-Kerry O.

Well good luck with that. Because as long as you keep reacting instead of arguing the merits, as long as you keep accusing people whose ideas aren't as Far Right as your own of being nefarious quislings, and as long as you keep yelling "The Sky is Falling, the Sky is falling", you or your cadre of 'Fair Taxers', you won't be taken seriously by enough people get for your movement to first base.

People dislike extremists.


-Kerry O.