Guava Jelly
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Mon Sep-22-08 06:33 PM
Original message |
Talk me down. Are we borrowing $700 billion from the Chinese? |
jakem
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Mon Sep-22-08 06:34 PM
Response to Original message |
1. Know anyone else with that kind of cash? |
Guava Jelly
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Mon Sep-22-08 06:35 PM
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TheBigotBasher
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Mon Sep-22-08 06:47 PM
Response to Reply #3 |
20. My post my add some food for thought |
Motown_Johnny
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Mon Sep-22-08 06:36 PM
Response to Reply #1 |
7. Everyone we buy oil from??? |
jakem
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Mon Sep-22-08 06:38 PM
Response to Reply #7 |
9. well. ok... now that you mention it... |
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pretty much anyone we do trade with has more money than we do!
:(
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TheKentuckian
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Mon Sep-22-08 06:35 PM
Response to Original message |
2. Yeah, maybe the Saudis will kick in some too |
Motown_Johnny
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Mon Sep-22-08 06:35 PM
Response to Original message |
4. 700 billion, sure.. and the Iraq war will pay for itself... more like 1.5 trillion to start with |
El Supremo
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Mon Sep-22-08 06:36 PM
Response to Original message |
5. No we're just printing it. |
jakem
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Mon Sep-22-08 06:39 PM
Response to Reply #5 |
11. Quick!!! INVEST IN INK FUTURES!!! |
NYC_SKP
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Mon Sep-22-08 06:49 PM
Response to Reply #11 |
21. And blank currency paper stock!!! nt |
AlCzervik
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Mon Sep-22-08 06:36 PM
Response to Original message |
6. Well we don't have it in house and since they already finance the war what's another |
Guava Jelly
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Mon Sep-22-08 06:37 PM
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AlCzervik
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Mon Sep-22-08 06:40 PM
Response to Reply #8 |
13. we're ya been man, they've been propping us up for quite some time now. |
Guava Jelly
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Mon Sep-22-08 06:42 PM
Response to Reply #13 |
14. I've seen it..I was just hoping that i was wrong. |
AlCzervik
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Mon Sep-22-08 06:43 PM
Response to Reply #14 |
15. sorry, i hate that you're correct but you just are. |
WinkyDink
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Mon Sep-22-08 06:57 PM
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AlCzervik
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Mon Sep-22-08 07:00 PM
Response to Reply #23 |
26. "We call it master and servant" |
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Depeche mode never fails.
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Life Long Dem
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Mon Sep-22-08 06:39 PM
Response to Reply #6 |
12. And Obama needs to get the taxes from the same greedy ones and have them pay for it |
bigwillq
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Mon Sep-22-08 06:38 PM
Response to Original message |
10. According to Pat Buchanan, we should. |
Guava Jelly
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Mon Sep-22-08 06:43 PM
Response to Reply #10 |
16. Pat doesn't even believe it. |
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These guys are running out of lies.
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nutshell2002
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Mon Sep-22-08 06:44 PM
Response to Original message |
17. I thought we were just printing more $$ n/t |
Sensitivity
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Mon Sep-22-08 06:47 PM
Response to Original message |
18. In the final analysis that is what it amounts to -- Biggest buyers of treasury notes |
Avalux
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Mon Sep-22-08 06:47 PM
Response to Original message |
19. Can't talk you down. YES. |
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We don't have any saved and we can't print that much. It's either the Chinese or gutting Social Security! Take your pick!
x(
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Guava Jelly
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Mon Sep-22-08 06:54 PM
Response to Reply #19 |
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Either option make me want to :cry:
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Avalux
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Mon Sep-22-08 06:57 PM
Response to Reply #22 |
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I am angry and sad at the same time. Horrible feeling. :cry:
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Statistical
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Mon Sep-22-08 06:58 PM
Response to Original message |
25. Kind ironic that we are 9.7 trillion in debt and most people don't know how we finance debt |
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1) We don't just "print more money". Doing so would lead to massive inflation. I am not talking the 5% that people say is massive I am talking like $100 is worth $1 kind of inflation. No 1st world country since WW II tries to handle their budget by just printing more money.
2) We don't sell to China. China doesn't have a special deal or something. We sell our debt to the highest bidder. China buys a lot because it secures their currency.
3) When US spends more than it has (like 22 of last 24 years) the Treasury sells Treasury Bonds. They acution them about once a quarter. You me, your, brother Frank can all participate. So can corporations, and foriegn govt.
4) The interest rate depends on supply & demand. The Treausry offers bonds at a rate slightly below what they think all the debt can sell for. Interested parties make bids for lower and lower rates. If there is not enough demand the Treasury offers it at a higher interest rate.
5) Every year the treasury pay interest on all those bonds. Right now it adds up to about $450 Billion a year in interest.
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scarface2004
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Mon Sep-22-08 07:06 PM
Response to Original message |
27. jon mkane is pulling it out of his ass!! |
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since he s suck a big asshole!!!!
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JuniperLea
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Mon Sep-22-08 07:07 PM
Response to Original message |
28. I for one look forward to greeting our Chinese overlords... |
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Excuse me... off for my lesson in Chinese!
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EC
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Mon Sep-22-08 07:11 PM
Response to Original message |
29. Yeah, we're the most productive and best economy in the world |
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Edited on Mon Sep-22-08 07:14 PM by EC
(according to repubs) but we have to borrow from China...how's that work?
On Edit: To top it off, we'll have to also buy back the bad debt from the Chinese that they bought from these banks....
Sorry, can't talk you down...:toast: how about a beer instead?
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Guava Jelly
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Mon Sep-22-08 07:19 PM
Response to Reply #29 |
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Wed Apr 24th 2024, 03:24 AM
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