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Post by tolpuddlemartyr on Jul 24, 2011 0:47:55 GMT -5
These guys show not just their disconnect from reality in the US but in the world. If they fuck up the US debt ceiling it screws the world economy - not just America's. There's no telling what China will do if the US defaults on it's debt!
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Post by lighthorseman on Jul 24, 2011 0:48:57 GMT -5
These guys show not just their disconnect from reality in the US but in the world. If they fuck up the US debt ceiling it screws the world economy - not just America's. There's no telling what China will do if the US defaults on it's debt! Foreclose? I'm actually being serious. |
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Post by tolpuddlemartyr on Jul 24, 2011 0:54:13 GMT -5
How would that work?
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Post by itachirumon on Jul 24, 2011 1:01:32 GMT -5
That's an awful nice country ya got there... be a shame if... you all disappeared tomorrow...
What Do You Mean The Idea Came From A Video Game?
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Post by Armand Tanzarian on Jul 24, 2011 1:18:11 GMT -5
These guys show not just their disconnect from reality in the US but in the world. If they fuck up the US debt ceiling it screws the world economy - not just America's. There's no telling what China will do if the US defaults on it's debt! I know. I'm having serious doubts on my personal investments and my career right now. I still work in a bank catering to rich people; it'll be chaos and I don't know how its gonna affect the economy. And I'm halfway around the world too. When future historians map the decline of the U.S. they'll probably point to the Teabaggers as the tipping point. |
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Post by HarleyThomas1002 on Jul 24, 2011 1:37:24 GMT -5
That's an awful nice country ya got there... be a shame if... you all disappeared tomorrow... What Do You Mean The Idea Came From A Video Game? There was that one thread that mentioned China building cities in the US. |
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Post by lighthorseman on Jul 24, 2011 1:44:24 GMT -5
What? Foreclosing? Same way foreclosure works against individuals, I would expect. I.E the creditor comes around and takes stuff to an equal value of the debt, plus expenses. |
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Post by tolpuddlemartyr on Jul 24, 2011 1:49:46 GMT -5
In this case I think you are describing WWIII. Unless the reposession of US Assets by the People's Liberation Army coming around for a visit would result in any other outcome.
Methinks this will not happen.
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Post by lighthorseman on Jul 24, 2011 1:57:54 GMT -5
In this case I think you are describing WWIII. Unless the reposession of US Assets by the People's Liberation Army coming around for a visit would result in any other outcome. Methinks this will not happen. I'm not an economist in any sense of the word... but when a country is unable to repay national debt, what traditionally happens? Does China just let them default, or what? I don't know about WWIII, or conventional invasion of the US, or anything like that, necessarily... but what about the Chinese nationalisation of US companies and other assets in China? Trade embargos and restrictions? Economic pressure on other countries to terminate economic relations with the US? Seems there's a lot of things the Chinese could do to recoup their costs without a general declaration of war. |
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Post by itachirumon on Jul 24, 2011 2:01:14 GMT -5
In this case I think you are describing WWIII. Unless the reposession of US Assets by the People's Liberation Army coming around for a visit would result in any other outcome. Methinks this will not happen. I repeat - What Do You Mean They Didn't Get The Idea From A Video Game u.u..... |
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Post by tolpuddlemartyr on Jul 24, 2011 2:02:15 GMT -5
It's like the old saying, if you owe the bank a thousand you have a problem if you owe them a million the bank has a problem. The US owes $14.46 trillion.
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Post by HarleyThomas1002 on Jul 24, 2011 4:32:17 GMT -5
What could be equal to that?
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Post by itsaname on Jul 24, 2011 4:40:19 GMT -5
What could be equal to that? All of our first borns with a side of fries from McDonalds? |
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Post by lighthorseman on Jul 24, 2011 4:45:48 GMT -5
What could be equal to that? A state or two? A significant fraction (if not all) of US mineral and industrial production for a number of years? Total removal of trade restrictions and customs in perpetuity? |
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Post by HarleyThomas1002 on Jul 24, 2011 4:56:45 GMT -5
I can't see the US annexing a state or two much to the dismay of many citizens. As for those other things, I don't really know.
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