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  1. #1
    Atomic Punk
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    12.11.17 @ 04:37 PM
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    Default China aggressively reducing US debt - Sign of things to come

    The United States needs to borrow nearly $10 trillion over the next decade, including about $1.6 trillion this year.



    Where's it going to come from?

    This is critical question, because resistance on the part of creditors will drive up interest rates, clobbering the housing market and demolishing the value of whatever cash savings Americans have left. The other answer--our government lending the money to itself--will destroy the value of the dollar, and that wouldn't help too many people, either (except debtors--it would help debtors because they will be able to repay nominal debts with toilet-paper dollars.

    For now, the money we're borrowing is coming from somewhere, thankfully. But it's not coming from China, which has funded our spending for most of the past decade. As you can see in the chart above from the New York Times, China's absolute purchases of Treasury debt continued to rise through last year, but the percentage of our borrowing that China is funding is shrinking fast.
    "Watch what people are cynical about, and one can often discover what they lack.” -- Gen. George S. Patton

  2. #2
    Atomic Punk
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    05.31.14 @ 08:17 PM
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    Default

    The rest of the world's economies have rebounded faster than ours.

    How?

    They are divesting from US stocks faster than Van Halen 3 CDs in the "5 for a dollar" bin at the recycled record store.

    I would also point out that those economists who are touting recovery this week are the same dipshit-jackape-can't-cunt-pencildick-bedwetting-retard-mutherfuckers who failed to the the recession coming in the first place.

    And yes, dipshit-jackape-can't-cunt-pencildick-bedwetting-retard-mutherfuckers is one word.
    "Nothing is ever what it seems but everything is exactly what it is." - B. Banzai


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  3. #3
    Atomic Punk edwardv's Avatar
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    12.16.17 @ 04:38 PM
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    Default

    If you look at the holdings of the big US mutual funds in the growth and value sectors you will find that the money managers are going foreign more and more.
    EVH 1979: Well, actually it's not much of a vacation, because we run everything ourselves. We design our own album cover, we have to be in the office every day to sign checks - the whole corporation revolves around us. Nothing can be done without our approval. We even have photo approval.

  4. #4
    Banned!
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    02.18.11 @ 08:09 PM
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    Default

    Quote Originally Posted by Axxman300 View Post
    And yes, dipshit-jackape-can't-cunt-pencildick-bedwetting-retard-mutherfuckers is one word.
    Sure, but is it a technical term?

  5. #5
    Atomic Punk Little Dreamer's Avatar
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    12.15.17 @ 11:35 PM
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    Default

    The Chinese stimulus package was more effective than the US one, from what I've read. Also the Chinese economy this month for the first time surpassed Japan and is now officially number 2 in the world. It's predicted to move ahead of the US in 2019 (not surprising since they have more than 4 times the population).
    Little Dreamer

  6. #6
    Atomic Punk Wruff_ajax's Avatar
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    12.16.17 @ 11:45 AM
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    Premium Member

    Default

    _-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_

  7. #7
    Sinner's Swing! graeme's Avatar
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    11.19.17 @ 09:41 AM
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    Default

    I like Peter Schiff. I remember, before the whole meltdown, watching a news show where the other "experts" were openly laughing at him and his predictions.

    I do disagree with him that there are only two courses of action Re:foreign debt. Yes, you can default or print more money.

    But you can also steal more money or remove the debtor from the equation.

    The last two are frightening to contemplate.
    A man could lose himself in a country like this.

    My blog at http://tollins.blogspot.de/

  8. #8
    Atomic Punk Dave's Dreidel's Avatar
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    12.16.17 @ 06:36 AM
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    Default

    This a crazy thought I know, but the US Government could start by spending less.

    Yes, the deficit in pure numbers is huge, but as a percentage of what we bring in it isn't.

    It is easily done, but no one seems to have the nuts to do it.
    Taylor Swift is nice to look at. Adele can sing.

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  9. #9
    Eruption
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    10.05.17 @ 11:44 AM
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    Default

    It's funny that Ron Paul said we were going broke back in the Republican primaries and everyone laughed him off as some nut job. I read his book 'A Revolution' and it was quite good. He really has some interesting things to say and some ideas to make this country better.

    Paul wanted to substantially cut government spending, home and abroad. He even talked about abolishing the personal income tax. If we did, the budget would shrink about 40%, so it would be the same as the 1997 fiscal budget.

    Think about that for a minute, if we stopped paying personal income tax, the government would have to back to a budget from 1997. That's just 12 years ago. Man has this nation's spending ballooned.
    Your favorite band sucks.

  10. #10
    Sinner's Swing! Bullwinkle's Avatar
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    06.07.15 @ 10:30 AM
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    Default

    Quote Originally Posted by Axxman300 View Post

    And yes, dipshit-jackape-can't-cunt-pencildick-bedwetting-retard-mutherfuckers is one word.
    En Français:

    "Jackape-can' de-dipshit-baiseurs-de-mère-de-retard-de-bedwetting-de-dick-de-crayon-de-chatte-de't."







    Don't read this.

  11. #11
    Sinner's Swing! graeme's Avatar
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    11.19.17 @ 09:41 AM
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    Default

    Quote Originally Posted by Bullwinkle View Post
    En Français:

    "Jackape-can' de-dipshit-baiseurs-de-mère-de-retard-de-bedwetting-de-dick-de-crayon-de-chatte-de't."
    Quality... French is filled with "de".

    For those not familiar with German it is actually quite normal to put three, four or more words together to make a new word, thus you get frightening thngs like Schadenfreiheitsrabatt (no claims bonus).

    Anyway, here's my loose translation of this monster.....

    DipscheisßeBuchseAffenkönnennichtFotzeBleistiftdic kBettnässenzurückgebliebeMutterficker.
    A man could lose himself in a country like this.

    My blog at http://tollins.blogspot.de/

  12. #12
    Eruption hotforteacher921's Avatar
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    06.20.12 @ 10:40 PM
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    Default

    graeme, you just made my signature!
    It is not an understatement to say that if a person ate a bowl of alphabet soup, they would shit better lyrics. -lmr5150 on Up For Breakfast

    Give him the "secret devil sign", stick out your tongue and hiss like a demon while bellowing out THE DARKNESS WILL ENVELOPE THY SOUL AND FEAST OF THY FLESH, INFIDEL!!!!! Then gouge a pentagram in your forehead with a nail file. -LowLifeFlatHeadScum

    A recent study shows 92% of the teenage population likes rap music. If you are part of the 8% who listen to real music, put this as your sig.

    Quote Originally Posted by graeme View Post
    DipscheisßeBuchseAffenkönnennichtFotzeBleistiftdic kBettnässenzurückgebliebeMutterficker.

 

 

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