Who woulda thought...

[HotelUnderSeige]

That Obama would be the fall of America. With America's loans from china, we owe them 550,000 thousand dollars every day, just in interest tell we pay them back. Obama plans on making a new three trillion dollar loan from china, if he does this America will be in more debt then all of the presidents from Washington to Bush combined. So, what if China wants to collect there money and they don't have it? They are just going to take America. Already we are celebrating china's 60th birthday of communism witch does not make any sense, since when does America like the communists? Even if it is just trying to distract china from the debt we are in, still...

[MentaL]

[Hobbit]

Link to this information? I can't find anything about a 3 trillion dollar loan.

[917893678251]

This is great to see my home country getting so much money from the country I'm living in right now.They're celebrating communism because Obama likes China and is communist? Well,if China takes over america,I'll be going back to China,I still have not registered a US passport anyways.

[Jolin88]

America has been in debt towards China for ages, and if they asked their money back the dollar would become worthless it was already this way before Bush even came to power, so it's not like the situation wouldn't be bad enough already

[DaCheat]

That interest only comes out to about 200 million a year..

You do know that is nothing as far as money concerns with the government right?

[KillerNeedle]

k... get some info right ... who do u think put America into dept in the 1st place?

and the thing i am worried about which i heard somewhere is that they want to change the currency used to buy oil from dollars to yen. ( i think thats what i heard ) this would pretty much inflate the value of the dollar since idno 80%? of stuff is imported rather than exported in the us.

[HotelUnderSeige]

That interest only comes out to about 200 million a year..

You do know that is nothing as far as money concerns with the government right?

not when the value of our dollar goes lower and lower every day

[IQstim]

not when the value of our dollar goes lower and lower every day

"You do know that is nothing as far as money concerns with the government right? "

[•╩•andy•╩•]

America is nothing now

China and Brazil are taking over now.

Just like it happened with Rome and all those majors citys who once where

the most powerfull. Now are nothing... Things change all the time

nothing new.

[CrashOveride]

Gotta find it funny you are blaming Obama for it though, Bush was the one that destroyed America...

All the things the right wing blame Obama with was caused by Bush and also the he tried to do that "bailout" when he was still in charge but ran out of time so Obama did it instead.

You have to love those crazy republicans though, they said that Bush was not at fault for 9/11 since he had only been president for so many months yet in the same time-frame for Obama they have blamed him for pretty much everything under the sun... O.o

Crash

[Wilsongb10]

We aren't pure democracy anymore, Were falling into Communism slowly. Its not a bad government but were changing slowly.

[CrashOveride]

America hasn't been capitalist since Reagan tbh, you are more of a corporatist country.

Capitalist = Healthy competition between companies to give the best deals to consumers.
Corporatist = No competition and no consequences as such so it is more interested in making larger profits rather than competing to give the best deals.

America will never become communist but they have to realize that not all of communism is bad, hell having "socialist" fire departments is pretty damn awesome in comparison to the capitalist one that you used to have...

Crash

[HotelUnderSeige]

Gotta find it funny you are blaming Obama for it though, Bush was the one that destroyed America...

All the things the right wing blame Obama with was caused by Bush and also the he tried to do that "bailout" when he was still in charge but ran out of time so Obama did it instead.

You have to love those crazy republicans though, they said that Bush was not at fault for 9/11 since he had only been president for so many months yet in the same time-frame for Obama they have blamed him for pretty much everything under the sun... O.o

Crash

Its not obama's fault its being leading up to this for awhile, but he is not helping the situation. You dont take loans, to pay off other loans. Let alone start a trillion dollar health care plan.

[saden99]

Most people don't realize that China had and still has it's own banking faults. In fact, in the 90's China asked the United States for assistance with its banking procedures and they're worried they are going to run into the same problem that we have and are demanding we find a fix before it happens.

China isn't its own economy out of no where. They have markets just as the United States has markets. They have a housing market, they have a loan system, they have mortgage systems. Eventually, these systems fail under our form of economy which China also follows (Keynesian...not Capitalist).

This form of economy says that the government can boost the economy by spending money beyond their gross limits (into the deficit). This sort of spending is supposed to generate jobs which then generates income so the gross limit can increase and the deficit spending can be repaid. Unfortunately, after the Great Depression we decided that we have to keep spending money like this and we've never looked back.

On a side note...to fix the national debt of near 12 trillion dollars every American (roughly 300 million including children) would have to pay $40,000 not to mention the money that has to be paid in taxes because the former would be used to pay off the debt.

O' and by the way I suggest you go to http://www.ustreas.gov/tic if you want and search for what is necessary...

Why is it that China will rule us all? Japan is not far behind...China is at 800 billion as of July 2009 and Japan is at 724 billion.

Not to mention that they have liabilities within the United states.

People need to stop reading conspiracy books. If the USD failed then every other economy in the world would suffer miserably for it. They could eventually get back up on their feet (you'd be dead by then) AND you would have to deal with us bloody spoiled idiotic Americans who don't know no good.

[Robert]

I've never understood an economy which constantly devalues its own currency in favour of inflation. I think it's just asking for trouble.

At some point the economy will break down. Be it because of rising fuel prices, or because of a recession. At that point new countries will have a rise to power. People seem to have forgotten not that long ago England ruled the world, empires fail eventually.

[c4cadvisor]

stop nerd raging this thread without solid evidence, either stop the propaganda or close the thread or move it to the spam section. As for a reason why Obama would be getting us in debt, the new health care bill.

He has not kept one of his promises he campaigned for, moved troops from Iraq to Afghanistan when he said he would pull all the troops out, is raising taxes on middle class but he said he wouldn't. He does not fully explain to where all the government budget cuts are going, perhaps to his pocket like medicare, and medicaid are going to now? The cash for clunkers wasn't part of his campaign and it wasn't even suggested by him but his cabinet of adviser. As for it being to early to slam him, they slammed every other president early in his term as well, please come up with a better excuse next time as to why you simply love giving 70% of your paycheck to the government for nothing.

Poorest approval rating for a president ever. A good effect though is that now all this "judgment" lies down on the democrats. I say next term, elect a black conservative president or Mexican president or something. Libral = FAIL. /propaganda on Bring me a conservative democrat or republican with a plan other than what the Free Mason's have set for each president and I'll vote for him even if he is green skinned. /propaganda off

[saden99]

stop nerd raging this thread without solid evidence, either stop the propaganda or close the thread or move it to the spam section. As for a reason why Obama would be getting us in debt, the new health care bill.

He has not kept one of his promises he campaigned for, moved troops from Iraq to Afghanistan when he said he would pull all the troops out, is raising taxes on middle class but he said he wouldn't. He does not fully explain to where all the government budget cuts are going, perhaps to his pocket like medicare, and medicaid are going to now? The cash for clunkers wasn't part of his campaign and it wasn't even suggested by him but his cabinet of adviser. As for it being to early to slam him, they slammed every other president early in his term as well, please come up with a better excuse next time as to why you simply love giving 70% of your paycheck to the government for nothing.

Poorest approval rating for a president ever. A good effect though is that now all this "judgment" lies down on the democrats. I say next term, elect a black conservative president or Mexican president or something. Libral = FAIL. /propaganda on Bring me a conservative democrat or republican with a plan other than what the Free Mason's have set for each president and I'll vote for him even if he is green skinned. /propaganda off

Who are you saying is nerd raging without solid evidence?

I posted my link which is a government source of which is supported. If that isn't solid enough for you then I suggest you go to any University and look up what a source is.

[HotelUnderSeige]

stop nerd raging this thread without solid evidence, either stop the propaganda or close the thread or move it to the spam section. As for a reason why Obama would be getting us in debt, the new health care bill.

He has not kept one of his promises he campaigned for, moved troops from Iraq to Afghanistan when he said he would pull all the troops out, is raising taxes on middle class but he said he wouldn't. He does not fully explain to where all the government budget cuts are going, perhaps to his pocket like medicare, and medicaid are going to now? The cash for clunkers wasn't part of his campaign and it wasn't even suggested by him but his cabinet of adviser. As for it being to early to slam him, they slammed every other president early in his term as well, please come up with a better excuse next time as to why you simply love giving 70% of your paycheck to the government for nothing.

Poorest approval rating for a president ever. A good effect though is that now all this "judgment" lies down on the democrats. I say next term, elect a black conservative president or Mexican president or something. Libral = FAIL. /propaganda on Bring me a conservative democrat or republican with a plan other than what the Free Mason's have set for each president and I'll vote for him even if he is green skinned. /propaganda off

mhmm, exactly, he has hardly gone through with anything he said he was going to do, 2 faced much ?( if i new how to thank you i would, rz layout fucks me up. )

[CrashOveride]

...

Got to laugh at the hypocrisy of your statements though...

You are bitching at people giving propaganda yet say he has the lowest approval ratings etc but provide no proof...

In the Gallup poll which has measured the presidents approval ratings (since 1937) has shown much worse than Obama's lowest of 50%...

Crash

[ChewBecca]

not when the value of our dollar goes lower and lower every day

its almost equal to the pound now.
it used to be 2 pounds 2 a dollar.

now a dollar is worth around 80p

so its actaully gone up?

[WulfgarXX]

its almost equal to the pound now.
it used to be 2 pounds 2 a dollar.

now a dollar is worth around 80p

so its actaully gone up?

Uhm, no ? USD haven't been on par with the Pound for as long as I can remember. It's somewhere between 50-60p. And dropping.

So the is Pound, it's dropping, the Pound hasn't been this week since 1973.

[CrashOveride]

its almost equal to the pound now.
it used to be 2 pounds 2 a dollar.

It has never been 2 pounds to 1 dollar... O.o

http://www.miketodd.net/encyc/dollhist.htm

Crash

[HotelUnderSeige]

its almost equal to the pound now.
it used to be 2 pounds 2 a dollar.

now a dollar is worth around 80p

so its actaully gone up?

ah thought we were just printing money with no money ( forgery )

[saden99]

Yah....Hotel you need a much broader knowledge of economics before you can really chime in.


When it comes to China they have bought US securities. In order to compete inside their economy they release US securities while printings yuan. The US prints money to meet the budget (and beyond) of which some goes to China is securities deposits...


One thing that is troubling people (at least those who pay attention closer than Fox news and CNN) is that China is headed towards a period of inflation in which a quick fix would be to sell off US securities and increase prices of their goods. As you can imagine the increased prices of their goods will lead to increased prices of goods across the market (that cheap Chinese labor due to their hatred for human rights and labor laws). That alone can halt the economy before it suddenly and violently drops. There would be no turning back at that point.

I haven't kept entirely current on the issue, but I'm fairly sure there are people trying to work through or around this. A period of inflation and market-wide price increase would hurt MORE than the United States and China would end up either losing a lot of business or in a position from which the policy makers can choose to change their ideologies on economy.


Knowing the way China is run I doubt the latter will occur and they'll end up losing business. Just because labor in China is cheap now, corporate entities can lose that confidence in the labor market and decide to pull out.



It's a little odd, but either way things turn out there will be change. The only difference is what time span someone is affected by these changes and how long it takes for their implementation to actually proceed.

Edit: Wrong wording in a couple places....don't feel like changing..blah.

[troublemaker1111]

stop nerd raging this thread without solid evidence, either stop the propaganda or close the thread or move it to the spam section. As for a reason why Obama would be getting us in debt, the new health care bill.

He has not kept one of his promises he campaigned for, moved troops from Iraq to Afghanistan when he said he would pull all the troops out, is raising taxes on middle class but he said he wouldn't. He does not fully explain to where all the government budget cuts are going, perhaps to his pocket like medicare, and medicaid are going to now? The cash for clunkers wasn't part of his campaign and it wasn't even suggested by him but his cabinet of adviser. As for it being to early to slam him, they slammed every other president early in his term as well, please come up with a better excuse next time as to why you simply love giving 70% of your paycheck to the government for nothing.

Poorest approval rating for a president ever. A good effect though is that now all this "judgment" lies down on the democrats. I say next term, elect a black conservative president or Mexican president or something. Libral = FAIL. /propaganda on Bring me a conservative democrat or republican with a plan other than what the Free Mason's have set for each president and I'll vote for him even if he is green skinned. /propaganda off

What the fuck is this retarded shit? Do at least some basic fact checking before spouting your mouth off, please. Here's something to start you off:
http://www.politifact.com/truth-o-meter/promises/