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To China: Bite Me in forum [Ticker]

Genesis
Posts: 71430
Incept: 2007-06-26

KD^2

http://market-ticker.org/archives/1094-T....

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me

2009-06-08 11:13:59
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Rbarreira
Posts: 1429
Incept: 2009-05-27
Sweden

I understand your point. But what happens when the feeling is mutual?

2009-06-08 11:17:33
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Genesis
Posts: 71430
Incept: 2007-06-26

KD^2

"Behind every blade of grass is a rifle".

Come and get it, says I. I believe we will wind up on top of a financial war, and if we must fight a shooting war, then so be it.

Better to die on one's feet than be executed on one's knees.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me

2009-06-08 11:19:27
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Drguid
Posts: 199
Incept: 2008-09-16
London, England

Politicians are full of piffle. Here in the UK they made a huge thing about a big scheme to help households avoid repossession of their home.

Q. How many households have been helped so far?

A. 2.

2009-06-08 11:21:19
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Kab
Posts: 628
Incept: 2009-04-02
Colorado
Online

Absolutely Gen.

I'm saving 9mm for a rainy day and I see a storm coming.

2009-06-08 11:22:30
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Templar223
Posts: 397
Incept: 2008-04-28

Champaign, IL

The Chinese perspective: It never hurts to ask.

John

2009-06-08 11:23:39
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Irishsamurai
Posts: 130
Incept: 2008-11-03
Atlanta, GA

Gen,

Obama is a "Hollow Man" (T.S. Eliot) ... our nation will end in civil war before a single shot is fired between China/U.S.

Quote:

This is the way the world ends
This is the way the world ends
This is the way the world ends
Not with a bang but a whimper.

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"The best argument against democracy is a five-minute conversation with the average voter." - Winston Churchill

2009-06-08 11:24:11
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Genesis
Posts: 71430
Incept: 2007-06-26

KD^2

Here's my answer:

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me

2009-06-08 11:25:11
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Glock36
Posts: 327
Incept: 2009-06-03
Banned

Better to stand free on one's feet while executing the tyrants on their knees.

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Black Helicopters Are Like ****roaches, You Never Find Just One
Glock36's Law: Murphy Was An Optimist
When You Find Yourself In A Hole, Don't Look Out Until You Identify The Type, As It Could Be A Foxhole
The Greatest Enemy Of Knowledge Is Not Ignorance, But The Illusion Of Knowledge - Dr. Hawking

2009-06-08 11:25:50
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Binney
Posts: 2326
Incept: 2008-08-27

Riverhead, NY
Online

heh-heh-heh...I knew this one was coming after some of the posts this morning. I knew this would be the title, too or maybe it's just deja-vu.

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Holy crap!!!! I'm a left leaning authoritarian!

2009-06-08 11:27:06
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Rbarreira
Posts: 1429
Incept: 2009-05-27
Sweden

So the only answer to problems in USA is violence?

Well that's surprising...

2009-06-08 11:27:38
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Gates
Posts: 2093
Incept: 2008-01-29

Scottsdale

I want one of those PEQ's so bad I can taste it!

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"Ein Ende mitt Schreck ist besser als ein Schreck ohne Ende."
- Hans-Wilhelm Voeller

2009-06-08 11:28:46
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Glock36
Posts: 327
Incept: 2009-06-03
Banned

Quote:

Here's my answer:

But your answer is being paid/supported/equipped/trained/etc. by the Chinese.

2009-06-08 11:28:51
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Ausecon
Posts: 29
Incept: 2009-06-05

Since the US will never be actually able to pay off all this debt anyway, it sounds like we're headed for a war regardless.

Chk Chk Boom.

2009-06-08 11:28:54
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Moroni
Posts: 1885
Incept: 2008-12-03
New York, NY

Bravo Gen.

**** you China, and **** you to the Chinese enablers in this country who seem to welcome domination of America by China. Hanging would be too good for such vermin.

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"Those institutions and individuals who insist upon clinging to the dying past will wither with it. Those who understand the death process will not mourn the passing of the old,
but instead celebrate the birth of the new paradigm." - Gerald Celente, Trends Journal Q12010, Page 20

2009-06-08 11:32:44
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Crow
Posts: 172
Incept: 2008-02-25

Canada

Thing is, you can be as ****ed with the chinese if you want, but there's only one reason they got into that position, the US government.

Why can't ANY politician use their brains. I guess it's Probably because they don't have any.

Here we go with the war talk. Humans are total dumb ****s

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When does Keanu get here?

Last modified: 2009-06-08 11:36:16 by crow

2009-06-08 11:34:05
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Bullitt5768
Posts: 7
Incept: 2009-05-12

Quote:

Here's my answer:

Umm...magazine? ;)

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Less bad is the new good, pass the Brawndo 'tard!

"He that lives upon hope will die fasting." - Ben Franklin

2009-06-08 11:34:14
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Genesis
Posts: 71430
Incept: 2007-06-26

KD^2

Rbarreria wrote..

So the only answer to problems in USA is violence?

Well that's surprising...

As opposed to those in a European University who seem to forget the last time someone bent over and took it up the ass like this - and what came of it.

Hint: That was Weimar Germany and an awfully large number of your countrymen died because you were pussies up front instead of taking care of business.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me

2009-06-08 11:43:24
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Ausecon
Posts: 29
Incept: 2009-06-05

Moroni,

I've always been of the belief that as soon as you go into debt, you lose control of your own destiny. I believe that to apply personally, equally to a nation, perhaps to a lesser extent.

Surely China's domination of the US has come from the collective unsustainable behaviours that have built up over time, that leaves you indebted to them?

Commend your patriotism, but not being Americn myself leaves me to stand back from the emotion of the issue.

Cheers

2009-06-08 11:43:27
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Trades50
Posts: 1143
Incept: 2007-10-30

IL
Online

"Hanging would be too good for such vermin."

Agree. You would expect our current government to abolish our right to bear arms and our ability to fight back.

Don't be surprised for that to happen next.

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Labor for the Globalist: World Class means Third World Class.

2009-06-08 11:44:50
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Ausecon
Posts: 29
Incept: 2009-06-05

Gen - aside from the RMB denominated bond issue, would you agree that the time is coming sooner or later where the US will not actually be able to pay all the debt they will/have issued? Collectively it's potenitally about 350% of GDP on a chart you provided.

Are you suggesting that as soon as people say pay up you say bite me as well while pointing a 12 guage?

2009-06-08 11:47:51
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Genesis
Posts: 71430
Incept: 2007-06-26

KD^2

Aus, please be distinct between ACTUAL DEBT and "promises."

Note that the "actual debt" owed by the government at this juncture (public float) is about $6 trillion. We CAN pay that.

If we perfect the other $12ish trillion in "promises" made in the last year + the other ~$53 trillion in social spending, there is no chance we will pay it back.

But we do not have to do that, and a political promise isn't a debt.

Yet, anyway.

As for the private debts we have no business backstopping them. Period. Those who issued debt privately they cannot pay should default and the lenders should get soaked for whatever deficiency comes out of recovery.

Market discipline is the only thing that works to control such idiocy.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me

Last modified: 2009-06-08 11:50:34 by genesis

2009-06-08 11:49:41
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Bigcat
Posts: 1523
Incept: 2008-09-10

Nice, France

Gen:
Better be sure to whom those soldiers are loyal. Broke citizens, or global debt owners.

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"When the goal shifts to simple survival for the Fed their goals will change drastically and their strategy will adjust accordingly...Like Congress, the Fed will throw its "allies" under the bus when they become a political liability. Look at Mozillo now! " Sushihorn, 07/09

2009-06-08 11:53:22
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Eternalblue
Posts: 4230
Incept: 2007-08-09

sokali
Online

"Those who �abjure� violence can only do so because others are committing violence on their behalf"

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my miniblog;

http://economicpsychosis.blogspot.com/

2009-06-08 11:54:05
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Glock36
Posts: 327
Incept: 2009-06-03
Banned

Quote:

...and a political promise isn't a debt.

I know of many who disagree with this; namely, Mossberg, Glock, Bushmaster, Colt, Sig, S&M, et al.

2009-06-08 11:54:16
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