DISQUS

robert108 · 9 months ago

Since Obama started making war on success, Americans are worried about investing in our economy, as well. That's why the stock market has tanked so far since his election.

jimmypop · 9 months ago

if the usa went to the bank for a loan, wed be denied.... im shocked some tv show hasnt gone out and tried this with a hidden camera. youd just need to scale down the debt to income ratios to a single income earner and then go to a bank and try to get a home loan or credit card.

welder4 · 8 months ago

The Chinese government does not want to find itself in the same situation as the banks were here loaning money to non credit worthy people .On the other hand it seems that they have little choice but to loan us money as their economy is tied so tightly to ours , if we stop buying things made in China they would fail over night. If it weren't for the people here buying China products we would be denied instantly . Maybe the Chinese can sue Nancy Pelosi and Reid for their money if we default, Barney Frank , Dodd, Obama etc.

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Ron · 8 months ago

China should be worried about their dangerous over investment in US Treasury obligations. Washington 's long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.

Washington has bailed out the banks, Wall Street & their Washington special interests and much of the cost is added to the national debt to by paid by this and future generations while real estate and investments continue to fall. Find out what a growing repudiate the debt movement could mean for treasury bonds, the dollar, gold and the stock market.

The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=675946904...
Thanks, Ron

Bat One · 8 months ago

"Repudiation" of the national debt would be a catastrophe of epic proportion, well beyond the worst of the Great Depression. Like it or not, ours is a global economy and the medium of exchange in the US dollar.

Besides, tantrums never solve problems. The correct solution is to stop spending money we don't have, grow the economy to accommodate the servicing of the debt we already have, and learn to live with the consequences of what we've done.

brenarlo · 8 months ago

Who cares if no one borrows us money? We can just print it, right? Who cares about the value of the dollar, right? Apparently, no one in Washington does. Who cares that the money is my savings account is being stolen from me, via inflation, right?

Abolish the Fed!!

Bat One · 8 months ago

[quote]Abolish the Fed!![/quote]

brenarlo,

Get back with us when you have an alternative that is workable, not laughable.

robert108 · 8 months ago

Bat: I always find it amusing when people try to blame the effect rather than the cause, which is wasteful govt social spending.

robert108 · 8 months ago

That should be: "wasteful govt social spending, punitive taxation of producers, and regulation that impedes development of our resources." Sorry.

Good Ol Boy · 8 months ago

[quote]Abolish the Fed!![/quote]
What, and let Congress determine monetary policy? Look at the effin' mess they've made already!
If anybody thinks we are going to fix this BEFORE we enact term limits, they are sadly mistaken.

Property Investment · 8 months ago

Hi,

China Infrastructure Investment Corporation one of hundreds of investor-owned toll road companies in China is different in that it is now traded on the NASDAQ in New York symbol CIIC). China should be worried about their dangerous over investment in US Treasury obligations.
Property Investment

Dale White · 8 months ago

Wal-Mart sold out entire manufacturing base to China!chain reaction then!