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property198577
 
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Old 01-31-2009, 11:50 PM property198577 is offline  
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kudos
I am a homofag with no friends and Halo owns my soul
 
Should have used the $2 trillion we're using for bailouts to payoff the chinks and be done with them for good.
Old 02-01-2009, 12:02 PM kudos is offline  
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joemama
Watch Toomer burn those cowboys. How bout them cowboys?
 
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Old 02-01-2009, 01:30 PM joemama is offline  
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#33  

ApathyEcstasy
yeah, different species of slanteye here
 
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Originally Posted by kudos View Post
Should have used the $2 trillion we're using for bailouts to payoff the chinks and be done with them for good.

honestly, that would've been a good idea, but there's still the annual deficit in trade flows to fix...which ran at 246 billion dollars in 2008 alone....so either buy 246 bil less shit from china each year...or sell 246 bil more shit to china each year...or cut the imports in half and double the exports for each year

a figure like 246 billion usually goes over people's heads..but to put it in comparison..that's equivalent to about 50% of the u.s. military+r&d budget for 2008
Old 02-01-2009, 03:21 PM ApathyEcstasy is offline  
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Tom Kazansky
911 Was an Inside Job. Bush is traitor like Prescott Bush
 
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Yeah, the 15 year old economics "expert" who prays he can get into UC to study econ.

That's the one I'm talking about, yeah.
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Old 02-01-2009, 07:52 PM Tom Kazansky is offline  
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Tom Kazansky
911 Was an Inside Job. Bush is traitor like Prescott Bush
 
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Originally Posted by ApathyEcstasy View Post
honestly, that would've been a good idea, but there's still the annual deficit in trade flows to fix...which ran at 246 billion dollars in 2008 alone....so either buy 246 bil less shit from china each year...or sell 246 bil more shit to china each year...or cut the imports in half and double the exports for each year

a figure like 246 billion usually goes over people's heads..but to put it in comparison..that's equivalent to about 50% of the u.s. military+r&d budget for 2008

It's going to be pretty tough to close the gap when everyone's shifting their manufacturing over there.
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Old 02-01-2009, 07:52 PM Tom Kazansky is offline  
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coolxboxgamer
 
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Should have used the $2 trillion we're using for bailouts to payoff the chinks and be done with them for good.

Lol what?

Where do you think the money is coming from?

People that actually save money rather then buying a bunch of useless TV's and crap and will soon have the largest economy in the world.....
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Old 02-02-2009, 02:15 PM coolxboxgamer is offline  
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joemama
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Lol what?

Where do you think the money is coming from?

People that actually save money rather then buying a bunch of useless TV's and crap and will soon have the largest economy in the world.....
You haven't the foggiest clue how a capitalist economy works do you..
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Old 02-02-2009, 04:27 PM joemama is offline  
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ElectribeCyanide
 
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People that actually save money rather then buying a bunch of useless TV's and crap and will soon have the largest economy in the world.....

That's stupid.

You're obviously talking about china, and china just lost 20 fucking million jobs, there are mass people migrating out of the cities and back to their rural origins.

Those people never had money, and they saved it because they fucking had to and not "Chose to". I'd bet $100 bucks that less than 5% of Chinese workers have the chance to decide between saving money or buying a useless tv (Are all tv's useless to you in that sentence, or are you suggestively hinting at Plasma? Because it looks like you are, and its fucking stupid to say that a regular middle class Chinese worker could go to the chinese best buy and buy a fucking plasma tv.)

I fucking hate how you came back.
Old 02-03-2009, 05:16 PM ElectribeCyanide is offline  
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LegendKiller
 
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That's stupid.

You're obviously talking about china, and china just lost 20 fucking million jobs, there are mass people migrating out of the cities and back to their rural origins.

Those people never had money, and they saved it because they fucking had to and not "Chose to". I'd bet $100 bucks that less than 5% of Chinese workers have the chance to decide between saving money or buying a useless tv (Are all tv's useless to you in that sentence, or are you suggestively hinting at Plasma? Because it looks like you are, and its fucking stupid to say that a regular middle class Chinese worker could go to the chinese best buy and buy a fucking plasma tv.)

I fucking hate how you came back.

Yeah, I've been reading about China's plight. Some are saying that any economic rescue plan may cost them $2TR.

What's funny is that most people don't even consider that the State was the one who funded all of those businesses. Much of this was talked about years ago, how the State banks were holding tens of billions, if not hundreds of billions, in State business loans on BS at par, while they were defaulted. They refused to write them off and, instead, pushed many into the Chinese version of an SPE.

The worst part about this is that the jokers, like Jim Rogers, who kept pushing people into China knew about this trash. When communists, who control everything, get funded by capitalists, who will sell OPM (other people's money) to the Communists cheap, you get a bunch of fucked up accounting and scandals. The commies couldn't care less, they'll let us burn just as quickly as they'll let their own people burn.

I can't wait to see Rogers lose every fucking dime he has. Traitorous bitch.
Old 02-03-2009, 06:53 PM LegendKiller is offline  
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Straw Man
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At this point I would call the U.S. more "communist", well the better term is socialist, then the U.S. is. We have giant spending tabs, yet our infrastructure, educational system (at the primary and secondary level), and healthcare is very inefficient. The U.S. is entirely dependant upon others loaning us money. We are running deficits yearly into the trillions.

And for whoever said China should be thanking us, well guess how many countries are willing to borrow and never pay back? What a great world it would be if we borrowed a ton of money and never had to pay it back.....

Here are my predictions for the US economy:
2009:
-Continued unemployment, reaching 8-9% by years end, Obama "bubble" running out of steam as people realize he is not actually doing anything productive for the economy.
-Gold heads over $1000 an ounce
-deflation slowly starts to take a more inflationary turn
2010:
-inflation being used somewhat in media
-gold goes over $2000 an ounce, DOW bought with 5 oz. of gold.
-Unemployment hits 12-13%
-Deep recession worries in media as massive spending does not jump start economy.... deficits SOAR to record levels as revenue drops
2011:
-Full fledge depression unfolding
-Possibly some riots, but I think most citizens will be alright
-gold at $4000-5000 an oz or more.
-Inflation at 50%
-More and more spending by the government, soon culminating in a massive default...
-unemployment at 20+%

This is almost as good as the Freewilly prediction of arnie taking over the government in 2012.
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Old 02-03-2009, 06:58 PM Straw Man is offline  
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Gibonius
 
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This is almost as good as the Freewilly prediction of arnie taking over the government in 2012.

Didn't he also guarantee that we'd invade Iran before 2008, and/or Bush would find a way to suspect elections and then invade?
Old 02-03-2009, 09:34 PM Gibonius is offline  
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bingstudent
I am an idiot!
 
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You say we are more socialist than China?

Are far as the remainder of your prognostications...lol.

What's your educational and work experience to base your prognostications on?

Ohh, that's right, you post threads all day. I *WILL* bump this over the next 3 years to show you how stupid you are.

Well he does know lots of cool xbox games, so give him that.
Old 02-03-2009, 09:39 PM bingstudent is offline  
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#43  

Malakai
 
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He makes a lot of sense and has some really good points....but I think he understates the devastation that would happen to his own country if they decided to suddenly stop propping up the dollar. They are already hurting because their largest market for export goods is slowing down....if it effectively stopped altogether then they would go down with us. In a global economy, countries have to work together to find a solution...it isn't optional anymore.

A) Expecting them to continue funding us with no limits is pretty suicidal. All our spending for so called national security and other things is actually making us that much more vulnerable, as we are deepening the situation where China could bring us down (possibly by necessity in the future) by either/or not buying treasury debt, selling off their dollar holdings, or de-pegging the Yuan from the dollar.
Each of these situations could bring down the US economy entirely, the rest of our foreign money-machines would probably pull out too rather than trying to take on all of Chinas stake.

B) We are not taking their generous funding of our economy to fix any problems. We are actually jacking up borrowing to new previously unseen levels of several trillion a year, and blowing more of it on than ever before. If we are clearly not trying to fix any of our problems or trade imbalances, or rebuilding a sustainable government and economy, again why should they continue funding us indefinitely?


If china depegged from the dollar, with all the productive capacity the chinese economy has, it would skyrocket against the dollar and all our purchasing power would shift over there. And bet your ass their financial guys like this one knows it. If we continue to present a situation where China sees they are never going to get ahead by keeping us afloat (and continue to demonize and shit talk them & their allies internationally), they will eventually eat the losses and stop. Maybe not tomorrow, or next year, but eventually.
On top of it all we are asking them to fund a stimulus package to the tune of another trillion, that looks to do nothing but stimulate more growth of government and the failed corporations connected to it.
All other reasons aside, giving China a gun that can bring down the US economy in one shot figuratively, is insane.
We are spending a trillion a year fighting insurgents and terrorists in the deserts and mountains of the middle east, and to finance it we are risking the entire domestic economy. Does that sound at all sane?

As this article should show you, China has some deeply intelligent and financially aware people working in their gov. They know more about whats going on than most of our idiot leaders do. You think Obama or our new treasury secretary could really stand on equal footing with this guy in economics discussion? I sure don't.
While Geitner is busy trying to fudge his taxes and bail out his buddies at his old employer, these guys are really analyzing the situation and just waiting for an opportunity when they can pull out of the US without tanking their own economy. That time may never come, but thats a pretty big gamble to stake the well being of your entire nation on.

Oh and anyone who really spends time investing in China (like jim rogers, peter schiff, ect) frequently say we are more socialist economically.

Last edited by Malakai; 02-04-2009 at 07:52 AM..
Old 02-04-2009, 07:40 AM Malakai is offline  
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#44  

coolxboxgamer
 
China is CLEARLY the wave of the future.... it has a massive economy that is strengthening year after year...

O and get this, their GDP isn't made by pushing paper around.....
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Old 02-06-2009, 06:40 PM coolxboxgamer is offline  
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