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visitorq
Joined: 11 Jan 2008
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 Posted: Wed Feb 10, 2010 1:20 am Post subject: |
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| mc_jc wrote: |
| So you are completely dismissing the unrest in Xinjiang, Tibet, Assam and other areas in the western and southern parts of China. Although China has become rich on the backs of American consumers, the money has been squelched away to government officials and thr rich associated with them. However, there economy is subjected the comsumer power of the US and west- if they can't buy Chinese goods, Chinese companies will go out of business. This could being China's economy down and with how large the country is, the reserves could be depleted in a very short time. |
This is true only to an extent, and it goes both ways. The fact that China keeps buying US bonds with their excess dollars is what allows our economy to keep functioning. China could probably kill the dollar single handedly if they dumped it.
Yes, China depends a great deal on Western markets and their technology is behind ours, but China also has the largest untapped market on earth. They could almost certainly survive a meltdown of the US economy (though it would take a huge toll on them). It's simple hubris to say China needs us more than we need them.
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The only thing a lot of poster have to go on is the fact that the US borrows money from foreign sources. The fact of the matter is the US is borrowing against its reserves- thats it. The economy and government is not going to collapse like a house of cards as you said. If so, gas prices would go through the roof and people would not be able to buy anything. Gas prices have remained stable for the last 2 years and people are still buying things- which are signs that the economy is still going well.
The US still has millions to spend on education and billions to spend on defense- it is just that simple. |
Yeah, this is just plain wrong. It seems you have no understanding of what "money" is. Borrowing against reserves would mean borrowing against collateral with real value, namely gold. The US dollar is not backed by gold, or by anything. It is fiat money, printed out of nothing by the central bank, and lent out at interest. China buys US bonds, which are backed by nothing except the promise to collect interest. If the dollar becomes debased (or ultimately worthless), then bonds become worthless too. It's a gamble for China to keep the dollars, as they can be redeemed for nothing if the dollar has a meltdown, and they would love nothing more but to dump their reserves in favor of gold (but they have so much dollar reserves now that it's impossible to find a buyer for all of it).
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| Did you know as an emergency measure, Argentina used the $US to keep itself afloat? The $US is still the major trading currency in the world. Many exporting countries want to keep the American dollar weak so they could export their goods to the US. Also, it provides a cheap way for developing countries, like Korea, to build their dollar reserves. If the US dollar becomes strong right now, many economies in the world would crumble, including Korea's. All one has to do is go to markets in Namdaemun and Itaewon, where vendors still take dollars, to know the US economy is still in good shape, despite the hype. |
Yes, Argentina was "lucky" to have another currency it could fall back on. Yet the point still stands. If the dollar collapses, then there will be no reserve currency to fall back on, except gold. This is why all the banks hoard gold - they know it is real wealth, unlike the toilet paper they force the rest of us to use by government fiat.
You need to read up a bit on what "money" actually is, and get a better understanding of the meaning of "value". Gold never loses its value, fiat money always becomes worthless over time. The US Federal Reserve Note is no exception.
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| I am sorry, you sound like a conspiracy theorist to me here. The US government is still in control of the country. It is like saying that Korea is a colony of the US, it is simply not true. |
I know I sound like a conspiracy theorist to you, because your view is not grounded in reality, but in the lies you've been told all your life. All of what I said can be verified if you take the time to check. If you check, you will see I am right.
Example: David Rockefeller is the founder of the Trilateral Commission, a globalist think tank. He founded it with Zbigniew Brzezinski (Obama's mentor) Members include Jimmy Carter, Ronald Reagan, George HW Bush, Bill Clinton, Paul Volcker, Henry Kissinger, Alan Greenspan, and nearly every member of the elite (bankers, CEOs, politicans) you can think of. Rockefeller is also the chairman of the Council on Foreign Relations, of which everyone who's anyone in politics is a member.
Who is David Rockefeller? He's the grandson of the richest man in history, and former president of Chase Manhattan Bank (now JP Morgan Chase), which his family has controlled for over a century. The other Rockefeller bank is Citibank, and they still control all the oil supermajors (descended from Standard Oil, like Exxon Mobil). This is the real elite, whom you've never heard of.
Why have you never heard of this? Because it's hidden in plain view. It's not exactly a secret, as you can research and find out, but it's never mentioned in mainstream news or taught in school. Rather than call me a conspiracy theorist, go research it and learn the truth.
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| The US gov't is dealing with those corporations that used the money to pay for the raises of its executives and the US Treasury is in the process of freezing their domestic and overseas assets- something that is not mentioned in the mainstream media. The stimulus money lost will be recouped, that much is for sure. |
No, it WILL NOT be recouped. How on earth is our debt-ridden government going to "recoup" trillions of dollars? The economy is being dismantled, and we can't even get an audit on the Fed to see where the money went (although we know it's gone to offshore banks). The Fed simply tells congress it is above the law and will not account for anything. Bernanke just sits and grins!
You need to wake up realise that the US government IS the banking establishment. Nearly every member of Obama's staff and advisors (Geithner, Summers, Rubin, Volcker) are ex-Wall Street employees working for Goldman Sachs or the Fed. These people control economic policy and makes the banks rich at our expense.
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| The government are indeed very transparent because we provide access to what is in the budget. Again, I work for a US government agency here in Korea and we get a copy of the federal budget at the beginning of every fiscal year. We know where the money is going and what it is going for. Unlike China, you can't go up to an official and bribe him go get what you need or want done. I will admit, there are some that do, but they get caught in the long run. |
Oh really, you sound pretty confident of this. Have you ever even heard of the Federal Reserve? Do you even know what it is? Did you know it's never been publicly audited?
As for bribes, American officials get kickbacks ALL THE TIME (they may use more creative ways than straight up cash, but it's the same damn thing). Just look at what's happening with Geithner right now. Seriously, get a clue.
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| Obviously you have a chip on your shoulder and obviously not an American (saying you are here is not proof enough), so you say all this stuff. |
Oh, I see, so you can't refute the facts, so I'm not American  no true Scotsman is the lamest rebuttal imaginable.
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| The ties between the US and Bin Laden family ended during the first Gulf War when Bin Laden's men went to Kuwait to steal identities to use in their new crusade against the US. The funding for Al Qaeda ended during the Iran-Contra scandal when Oliver North testified to the dangers of funding radical Islamic movements in Afghanistan. |
The Bush and Bin Laden family have had shared business interest as recently as 9/11. Look up the Carlyle Group. You are seriously ignorant of the facts, I'm afraid.
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Please read my above post about the deal between the US and the GCC to understand why we invaded Iraq. Afghanistan was invaded to let terrorists know there is no safe haven for them (also keep your eyes on the news for another very familiar place).
Just because there was no terrorist strike in Canada doesn't mean there is no threat. |
Al Qaida is a branch of the CIA, simple as that. |
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