nytimes.com— At a time of global financial instability, the Bush administration has started to worry that funds held by foreign governments could destabilize markets.
Aug 21, 2007View in Crawl 4
Yes.And perhaps it is being done by our leadership against us, so that they can get rid of our Democracy. What do you think Bush was discussing with Mexico and Canada this past week? BushCo economics has done nothing but hollow out this country, and postpone the "bill" -- making the Greater Depression worse and worse the longer they extend our credit. They are selling off our infrastructure to foreign countries -- will we even be able to pay back the money, when our industry is owned by the people we owe?We are quickly becoming a nation of indentured servants, and the laws are getting put in place.
Money has no smell or taste. FED is our central bank, but at the same time is just a branch of the world bank. When our economy grew faster than anybody else's they invested into it and got the biggest returns, but at the same time, as our country became prosperous, it started interfering with the rate of development of other nations. Now China offers the best returns. If US wasn't holding energy monopoly in the Middle East, their growth would've been greater. I think our bankers are trying to bankrupt the US deliberately in order for it to get out of China's way, so they could eventually establish the same Austrian type bank model there that Britain and the US currently operate on (fractional reserve banking).Wars are debts generators. The more debt we have, the less impact we'll be having on new emerging superpowers.
Who's going to buy their goods? Russians, Iranians, Koreans, Japanese and the rest of the world. The reason they sell to us, is cause they need petrodollars. If the dollar collapses, OPEC producers aren't going to be holding onto it. They're just as interested in returns on their investment as everybody else. If nobody uses dollar, they're going to go Euro. Eurasia using local currency to conduct local trade? Hell! That's unheard of! That'll surely cause a global collapse! (pardon my sarcasm)People say China needs US as buyer fails to understand the nature of currency. It is just an agreed upon medium of exchange. Money is not necessary, just more convenient than barter, but it does not eliminate the nature of it. What do we get from China? Everything that fills our supermarket shelves. What do they get in exchange from us? Nothing. They don't eat their noodles out of "Made in USA" bowls with "Made in USA" chop sticks. All they import with dollars is energy... energy we don't even own. It comes from Saudi Arabia. Nixon's 1973 weapons deal with them arranges dollar exclusivity of the oil trade. China does not need US, they get nothing from US. They need energy we don't even produce. Whatever the currency the oil is traded in will be the primary reserve currency of any developing economy. It is all about oil. It has been since 1904, when British Royal Navy switched from coal-powered ships to oil powered.
*sigh* You have NO idea how much I wish Clinton was still in office. Screw the piddly-little blowjob he got, Bush has given the country a massive super-wedgie!
vitriolandangstAug 22, 2007
Yes.And perhaps it is being done by our leadership against us, so that they can get rid of our Democracy. What do you think Bush was discussing with Mexico and Canada this past week? BushCo economics has done nothing but hollow out this country, and postpone the "bill" -- making the Greater Depression worse and worse the longer they extend our credit. They are selling off our infrastructure to foreign countries -- will we even be able to pay back the money, when our industry is owned by the people we owe?We are quickly becoming a nation of indentured servants, and the laws are getting put in place.
bestenemyAug 22, 2007
Money has no smell or taste. FED is our central bank, but at the same time is just a branch of the world bank. When our economy grew faster than anybody else's they invested into it and got the biggest returns, but at the same time, as our country became prosperous, it started interfering with the rate of development of other nations. Now China offers the best returns. If US wasn't holding energy monopoly in the Middle East, their growth would've been greater. I think our bankers are trying to bankrupt the US deliberately in order for it to get out of China's way, so they could eventually establish the same Austrian type bank model there that Britain and the US currently operate on (fractional reserve banking).Wars are debts generators. The more debt we have, the less impact we'll be having on new emerging superpowers.
bestenemyAug 22, 2007
Who's going to buy their goods? Russians, Iranians, Koreans, Japanese and the rest of the world. The reason they sell to us, is cause they need petrodollars. If the dollar collapses, OPEC producers aren't going to be holding onto it. They're just as interested in returns on their investment as everybody else. If nobody uses dollar, they're going to go Euro. Eurasia using local currency to conduct local trade? Hell! That's unheard of! That'll surely cause a global collapse! (pardon my sarcasm)People say China needs US as buyer fails to understand the nature of currency. It is just an agreed upon medium of exchange. Money is not necessary, just more convenient than barter, but it does not eliminate the nature of it. What do we get from China? Everything that fills our supermarket shelves. What do they get in exchange from us? Nothing. They don't eat their noodles out of "Made in USA" bowls with "Made in USA" chop sticks. All they import with dollars is energy... energy we don't even own. It comes from Saudi Arabia. Nixon's 1973 weapons deal with them arranges dollar exclusivity of the oil trade. China does not need US, they get nothing from US. They need energy we don't even produce. Whatever the currency the oil is traded in will be the primary reserve currency of any developing economy. It is all about oil. It has been since 1904, when British Royal Navy switched from coal-powered ships to oil powered.
generalloyAug 23, 2007
Canada and New Zealand both do that I believe. They have nationally-owned central banks.
bmobileAug 23, 2007
*sigh* You have NO idea how much I wish Clinton was still in office. Screw the piddly-little blowjob he got, Bush has given the country a massive super-wedgie!
enzomediciAug 23, 2007
That's when we drop the bomb on those mutha f**kas. The Empire Strikes Back!