Debt is outright extortion
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Discussions on raising the debt ceiling are still ongoing. Many people believe that the adoption of this agreement will prevent a disaster. However, the reality is far from that. The long-term debt problem in the United States is worsening, and what’s worse, this agreement will allow such blatant acts of extortion to go unpunished in the future, even pushing the United States gradually toward becoming a banana republic (a term used derogatorily to describe a country with an economy based on a single commodity).
China: Volunteers fall into the trap, stepping into their own doom!
The current situation is that if the U.S. economy collapses, the world economy will plunge into an irreversible abyss; therefore, even extortion has to be tolerated, given the high status of the dollar.
Let him criticize if he wants to; we’ve been through economic crises before. What’s meant to happen will happen; we simply can’t afford to support such a man
This post was last edited by 654262293 on 2011-8-4 10:50. The Chinese keep the Americans as their ‘masters’, yet those American devils turn around and harm them; it would be better to reduce holdings of U.S. Treasury bonds and invest in gold instead
The Americans owe us money on the one hand, yet on the other hand they increase their military spending to deal with us. Is our money meant to be lent to the Americans so that they can use it to build warships, planes, and missiles to use against us? What are our **leaders thinking?
It feels like we’re paying to support them; I really don’t understand what that means. I’m not sure if it’s that the reason
Reply to 6# 654262293: Reports indicate that China reduced its holdings by $300 million in the first five months. I think it’s going too slowly; without affecting the overall economic situation, more reductions could be made.
Agreed; currently China holds trillions in U.S. Treasury bonds, and it only reduces its holdings by 3 trillion over half a year. When will it be able to avoid risks?
I am a farmer; after reading this article, I know that the United States owes our country a lot of money. If it were me, I wouldn’t lend money to the United States. I’ll explain my reasoning; please don’t laugh at me. For example, in our village, if someone has a strong influence or is able to make a name for themselves in the county, I’ll lend money to the person with the most power. I also have to keep him happy, for fear that he won’t repay the money – if I offend him and he decides not to pay back, then he’ll ruin me. What should I do? I can’t win by fighting, nor can I win by suing – what can I do? Not borrowing is the best strategy. It’s stupid to lend money to someone you can’t control. The United States should be more advanced in terms of weapons than our country, and have better relations with international courts than we do... ----------------------------Here’s a simple example from Tianya. . .