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#41
10-26-2005, 05:21 PM
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Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
[ QUOTE ]
This is coming from the guy who if I didnt know he was in college. [/ QUOTE ] One of the questions you never answered was what college you went too...so what college did you go to? [ QUOTE ] having a trade deficit, as I said before if you can remember, was no big deal. [/ QUOTE ] [ QUOTE ] Yes you did and then confused the issue with your incoherent reply to me. [/ QUOTE ] Are you sure your comprehension skills aren't just very medicore? [ QUOTE ] It promotes a global economy, we buy so much crap from countries such a china, that they have no incentive to screw us over in terms of trying to promote higher intrest rates with regards to the national debt, which if you can remember the nation debt is what this thread is about. [/ QUOTE ] [ QUOTE ] Why the hell are you telling me this, I didnt comment on this issue at all. [/ QUOTE ] Thats what the thread is about, the national debt, your basically saying the only reason why you commented in this thread was to dissagree with me, which is fine, I wouldn't expect nothing more from you. 
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#42
10-26-2005, 05:35 PM
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Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
Much of this is becoming nitting, FishHooks; but your fundamental basis in understanding this is wrong. Of course Japan, China etc. does not want the US to go broke, however Japan or China will not abstain from selling its bonds in order to keep the interest rate low. If i.e. a severe recession happened in the US and Asia at the same time they would sell the bonds and spend the money at home. The bonds are not bought and owned as a form of charity.
The US economy is healthy and one of the best in the world, however it is not automatic or bullet proof.
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#43
10-26-2005, 06:04 PM
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Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
Who said "it never happened before" was anyone's arguement? My arguement was that the global economic system is so reliant on US spending that no one can afford to let it stop. The rest of the world would be in as much trouble as us if credit got overly tight.
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#44
10-26-2005, 06:09 PM
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Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
You make a good point and it will happen.
However, IMO the rest of the world's central banks are going to ease into it, so it will be a gradual shift of US inflation and low GDP growth relative to the developing world. Eventually American goods will become cheaper on the world market and we will not be able to afford as many foreign goods.
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#45
10-26-2005, 06:15 PM
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Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
Yes, it will with high probability be solved, since it is in everybody's interest. Just pointing out that if the world leaders would look as naively at it as FishHooks it probably would go wrong, since at some time in future action is probably needed.
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#46
10-26-2005, 07:09 PM
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Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
[ QUOTE ]
[ QUOTE ] ...Just ask the Mexicans. Or the Argentinians. [/ QUOTE ] Are you saying people welched on debts the Mexico and Argentina? All this time I thought they were the ones that did welching. Did I miss another memo? [img]/images/graemlins/confused.gif[/img] [/ QUOTE ] No, you missed the post I was responding to, which claimed that nations that are big debtors don't get screwed.
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#47
10-26-2005, 08:04 PM
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Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
</font><blockquote><font class="small">En respuesta a:</font><hr />
One of the questions you never answered was what college you went too...so what college did you go to? [/ QUOTE ] The more you ask me this, the less I am inclined to answer it. If you are that interested, do a search in the Other Other Topics forum, Im pretty sure there was a thread within the past year where people volunteered this info. If not, it might be found in the archives of this forum as well. </font><blockquote><font class="small">En respuesta a:</font><hr /> Are you sure your comprehension skills aren't just very medicore? [/ QUOTE ] 100% sure, which is bolstered by the fact that about 75% of the time you post, no one is quite sure what the hell you are trying to say. </font><blockquote><font class="small">En respuesta a:</font><hr /> Thats what the thread is about, the national debt, your basically saying the only reason why you commented in this thread was to dissagree with me, [/ QUOTE ] Wow, talk about reading comprehension, I chimed in to agree with you, my only real disagreement was that you indicated that it [i.e., the trade deficit] might become an issue. </font><blockquote><font class="small">En respuesta a:</font><hr /> which is fine, I wouldn't expect nothing more from you. [/ QUOTE ] If you think I cruise this forum looking for chances to disagree with you, get over yourself. I dont pick battles of intellect with the unarmed. The stuff in the other thread however was so grossly in error I felt obligated to comment. [img]/images/graemlins/wink.gif[/img]
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#49
10-26-2005, 09:52 PM
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Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
[ QUOTE ]
No, you missed the post I was responding to, which claimed that nations that are big debtors don't get screwed. [/ QUOTE ] Yes, I did miss it. Yes, I know how the guy who owes the bank 250k, and no way to pay, has a problem. And when Donald Trump owes that same bank 250mm and no way to pay, well that's the bank's problem. Been there, done that. [img]/images/graemlins/frown.gif[/img] ty for the clarification [img]/images/graemlins/smile.gif[/img]
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#50
10-26-2005, 09:53 PM
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Re: National Debt reaches $8,000,000,000,000 (8 trillion dollars)
[ QUOTE ]
You must have a lot of time on your hands... [/ QUOTE ] Actually, his employer keeps him quite busy. [img]/images/graemlins/grin.gif[/img]
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