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Kayak Fish

Beach Lover
Jul 9, 2007
241
150
Isn't it ironic that people suggest other countries are "buying America" because they are buying large stakes in U.S. corporations (that do business globally). It shows that we feel America=corporations, not citizens. It just so happens our government agrees! It's nice to have a consensus.

Also the world is not much brighter than America so yes, it probably would be that simple for us to elect Obama or Clinton and get a much better image with many, even if it was only temporary.
 
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Smiling JOe

SoWal Expert
Nov 18, 2004
31,644
1,773
Fishfood, I don't see the irony, which you suggest. Shelly pointed out corporations being bought by foreigners, but have you noticed that the Fed Gov't has also been getting billions of dollars in loans from China? Surely you didn't write a personal check to pay for your portion of the war in Iraq. We (the US Fed Gov't) borrowed that money. We thought that having big corporations in the pockets of politicians was a bad idea. We ain't seen nothing yet. Wait until the people wake up and discover that other countries are in the pockets of US Politicians.
 

BeachSiO2

Beach Fanatic
Jun 16, 2006
3,294
737
Fishfood, I don't see the irony, which you suggest. Shelly pointed out corporations being bought by foreigners, but have you noticed that the Fed Gov't has also been getting billions of dollars in loans from China? Surely you didn't write a personal check to pay for your portion of the war in Iraq. We (the US Fed Gov't) borrowed that money. We thought that having big corporations in the pockets of politicians was a bad idea. We ain't seen nothing yet. Wait until the people wake up and discover that other countries are in the pockets of US Politicians.

The last I heard China owned 1.3 TRILLION of America's 7 TRILLION in debt. That was an eye opener to me!
 

scooterbug44

SoWal Expert
May 8, 2007
16,706
3,339
Sowal
There are a lot of countries holding our IOU's! :blink:

Forget al-queda, the biggest threat to the American way of life is when China, the Saudis, et al call in the markers!
 

rehdrahk

Beach Lover
May 10, 2007
100
3
www.fortwaltonweb.com
Well, I think your only hope would be getting Ron Paul elected.

Agreed .... he is the only candidate prepared to make a stand on the fiscal issues that our county is facing currently.

If you choose to sponsor any of the other candidates you are only endorsing more taxes, bigger government and increased deficits.

The time has come for us to become fiscally responsible for ourselves and and our communities.

Do we really need this monstrosity of government that cannot even exist without borrowing money from other countries?

Who do you think is going to pay the price of the downfall that is becoming more evident by the day ...

I can tell you who it will not effect, those that are wealthy enough to have international accounts and move freely around the world ... that counts me and my neighbors out ...

RP 2008, vote in your primary on January 31 ...
 
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Bob

SoWal Insider
Nov 16, 2004
10,366
1,391
O'Wal
I keep thinking about the old joke about owing money to the bank, with the punchline being if you owe a huge amount the bank has the problem. I see our mountain of debt and trade deficit cashflow to the Chinese as huge leverage when we eventually have to confront China. The threat of embargo or selective default is a huge hammer.
 

Smiling JOe

SoWal Expert
Nov 18, 2004
31,644
1,773
With the US having so much debt to other countries, what are we using as collateral? Social Security? Future tax earnings? Looks like we locked ourselves into keeping the status quo around for a long time.
 

Bob

SoWal Insider
Nov 16, 2004
10,366
1,391
O'Wal
Mr Greenspan talks about this in his book, about spiraling debt that will force long and short term rates higher. I find it interesting he profits from pointing out problems he helped create.
 

BeachSiO2

Beach Fanatic
Jun 16, 2006
3,294
737
I keep thinking about the old joke about owing money to the bank, with the punchline being if you owe a huge amount the bank has the problem. I see our mountain of debt and trade deficit cashflow to the Chinese as huge leverage when we eventually have to confront China. The threat of embargo or selective default is a huge hammer.

I have heard the opposite argument in regards to oil in the Middle East. It went something like this. The countries who support the US in the Middle East are typically the ones we buy the most oil from. If the United States became oil independent what benefit would there be to working with the US. There would be a destabilization of international relationships especially with countries like Saudi Arabia. It was more complicated than that but you get the point.
 
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