U.S. & CHINA Ponzi Scheme?
Specialist · Las Cruces, NM · Member since 2009 · 557 posts · 71 votes
Here's an article regarding the topic:
http://articles.moneycentral.msn.com/Investing/SuperModels/mad-world-chinas-bind-is-ours-too.aspx
I've been very interested in this topic ever since I began reading Rich Dad Poor Dad series and Donald Trump's books.
If are money is destined to go flat.....what then?
What is the best way to protect ourselves as individuals and as a country?
I'd like to know other people's opinion on the topic.
It would be in their best interest, and even if they had legal standing to do so, they wouldn't do it for various reasons. First of all, they can't do that to their best customer, where would they find another one that spends so much? It's better to recoup half, than nothing.
And lastly, we already established the inflation WILL BE outrageous. Beyond that: 75, 100, 200, 400% is just semantics.
Taking on some debt sounds like a good plan.
The problem is, taking on more and more debt is what got us into this mess in the first place.
There has got to be a better alternative
Once people realize that this paper money really means nothing, the fed is going to have to back it with something.
No more IOUs.
We're going back to the gold standard baby!
That may be a better alternative.
Or to each there own.
OK, So here is where the US eventually can get back in the game. Producing and licensing.
China proved to be a great imitator. There are not too many inovations coming from China. The US still have the best innovative potential in the world. If we invent new technologies, start producing unique products like we used to, and license those new technologies out. we can get back in the game. By that time, the chinese population who used to eat only rice three times a day, will have the appitite of some new cuisines (Sort to speak). They'll become consumers and one billion consumers are not small change.
God speed USA and God save us all.... :help:
Well the "poor" are going to have to pay their share of taxes someday to. Instead of suckling on uncle sams t*ts the rest of their lives. Instead of paying taxes, these people walk away with a good amount of money in their pockets. Counter productive, don't you think?
Good point there......
Dam this world
Really?
If I'm not mistaken, this threads purpose was neither to prove or dissprove the whole Hal Turner issue.
We moved off that topic a while ago and it looks like everyone involved seems satisfied with that.
Everyone can do their own research and decide where they stand on that issue.
Now lets stay on topic
OH, SNAP!!!
Oh I pointed it out also but several here were still high on the "eminent domain" threat our Feds is having us swallow that they preferred to hush-hush quickly it under the table when it became obvious what an enormity that was. I wouldn't be surprised if they still believed it.
I try to stay away from conversations or debates that attack an individual on a personal level. Every individual on this sight is entitled to their own opinion. Regardless of how wrong or right they may be.
Now that these issues have been discussed in this thread, each intrigued individual may do some research and find out the "truth" for themselves.
I hope it's not to much to ask, but I'd rather have an open, attack free debate where someone doesn't feel like sh*t after the conversation.
While there's not much that politicians could do that would surprise me these days, this is one of those things that even the average lazy American would get off his sofa to complain about.
If there's any proof that this has happened (other than a random Internet forum post), I'm open to it...but it doesn't pass the evidence test nor the common sense test.
(Of course, most things the gov't does don't pass the common sense test :)
While there's not much that politicians could do that would surprise me these days, this is one of those things that even the average lazy American would get off his sofa to complain about.
If there's any proof that this has happened (other than a random Internet forum post), I'm open to it...but it doesn't pass the evidence test nor the common sense test.
(Of course, most things the gov't does don't pass the common sense test :)
Understood.
Do you fellows believe that we offered anything else to them?
Would there be any way of finding out?
I highly doubt that the Chinese are satisfied with an iou at this point.
There's one element to this you really have to think about with China getting eminent domain rights. I think they would honestly turn that down if it were offered to them.
Think about it. What guarantee do they have that getting "rights" to a land means they get a dime? They want money, not to be landlords of Americans who are under a myriad of local courts and have no reason to honor property taxes to a foreign entity.
Name one county judge that would rule against his constituency in favor of the Chinese and hope to win his reelection? Name one county sheriff that would enforce the eviction and hope to win his reelection? They'd get the rights on paper and there would be a united "F_ck the Chinese!" attitude about the whole thing. County government is powerful on land rights. It was designed that way for things just like this.
In all fairness Karen, there's probably something going on between Hillary and the Chinese that we should know about. This is not the first time we've run into improper money deals going on between a Clinton and businesses with a heavy presence in China (hello Lippo Group).
Tim