China says debt ceiling lift unlikely 'to save' US

The Godfather

Spark it up for The Godfather and say!!!!!
May 9, 2007
11,256
10
163
#1
http://www.france24.com/en/20110805-china-says-debt-financing-unlikely-save-us-eu

fucked... so fucked.

"The only way the Americans have come up with to improve economic growth has been to take on new loans to repay the old ones," a blistering commentary published on the official Xinhua news agency said.
Beijing's latest comments rounded on Thursday's 500-point drop in the Dow Jones industrial index, noting that it had exposed "the plight of western economies and their deep structural defects."

"The United States has long been maintaining economic growth and excessive consumption by means of debt financing, hence masses of economic bubbles, which eventually triggered the financial crisis," the commentary said.
 

Mags

LDAR, bitch.
Donator
Oct 22, 2004
35,599
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Ill Repute
#2
We were already past our heyday, but this will mark the true beginning of the end, and Obama will always be noted as the sitting prez when it happened.
 

afternoonquil

Apology Ostrich
Apr 2, 2011
1,773
864
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#5
Bring it chinks, can't wait for some target practice from my second floor
 

The Godfather

Spark it up for The Godfather and say!!!!!
May 9, 2007
11,256
10
163
#6
Bring it chinks, can't wait for some target practice from my second floor
they don't care about you, they'll probably just take Alaska (oil resources) and call it a day
 

Bluestreak

This space intentionally left blank.
Sep 27, 2007
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#7
What's China really going to do about it? Call in their debts? The dollar is worthless, so they'll just get fucked in the long run.
Fuck those greasy slopes, and their stupid wall-biting faces.
 

whiskeyguy

PR representative for Drunk Whiskeyguy.
Donator
Jan 12, 2010
36,554
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Northern California
#8
What's China really going to do about it? Call in their debts? The dollar is worthless, so they'll just get fucked in the long run.
Fuck those greasy slopes, and their stupid wall-biting faces.
Hopefully China is not stable enough to drop the debt like that, because that would destroy us. They could throw the debt on the open market, driving up massive inflation and making the dollar all but obsolete. They would take a pretty large hit also, but China is almost crazy enough to do it... and when you have 1 billion workers with almost no civil rights you can fuck around like that, even if it means 10-20 million people might starve because of it.
 

Turfmower

Registered User
Jan 17, 2005
3,989
486
578
Jersey
#9
Fuck China and all their shity products i would rather buy some thing that doesn't break 10 minutes after you buy it. Maybe we will start making stuff here again. and FUCK CHINA
 

lajikal

Registered User
Aug 6, 2009
16,389
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#10
Hopefully China is not stable enough to drop the debt like that, because that would destroy us. They could throw the debt on the open market, driving up massive inflation and making the dollar all but obsolete. They would take a pretty large hit also, but China is almost crazy enough to do it... and when you have 1 billion workers with almost no civil rights you can fuck around like that, even if it means 10-20 million people might starve because of it.
Good point. People always bring up co-dependency but forget the Chinese are fuckin' nuts.
 

bb1mobile

wackbag's special mod
Wackbag Staff
Jul 10, 2007
4,088
4
111
Just wandering around
#11
They are right with respect to raising the limit doesn't
solve the problems. What really would help this country
will never happen. The govt is a bloated piece of shit that
needs a total overhaul. Won't happen though because too
many people in power are riding the gravy train and won't
kill the programs that help get them elected nor will they cut
the fat of their salaries or the useless jobs we all pay for.

No, the government is a run away train with no brakes.
The only way this will end is with a huge crash that does
a ton of damage that may be unrepairable.
 

TheDrip

I'm bi-winning.
Jan 9, 2006
5,051
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#13
China is 100% collect.
 

JoeyDVDZ

That's MR. MOJO, Motherfucker!
Aug 20, 2004
29,651
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#14
What honestly needs to happen is all-out revolution. Not gonna happen because people are either too comfortable or too complacent, or just too scared. in any case, it's not gonna happen and that's why we're fucked.
 

Mobo

Registered User
Aug 10, 2005
19,810
0
231
Dallas, TX
#15
What honestly needs to happen is all-out revolution. Not gonna happen because people are either too comfortable or too complacent, or just too scared. in any case, it's not gonna happen and that's why we're fucked.
I'm in Joey. Where we meeting? It will have to be on the week end cause I work. Oh, but you know what? Saturday's no good cause I like to try and spend the day with my kid, y'know? Oh, and what time? Because I'm going to be in HUGE trouble if the wife isn't able to go to her Yoga class at 5:00. But WHENEVER you need me, I'm ready.
 

The Godfather

Spark it up for The Godfather and say!!!!!
May 9, 2007
11,256
10
163
#17
I'm in Joey. Where we meeting? It will have to be on the week end cause I work. Oh, but you know what? Saturday's no good cause I like to try and spend the day with my kid, y'know? Oh, and what time? Because I'm going to be in HUGE trouble if the wife isn't able to go to her Yoga class at 5:00. But WHENEVER you need me, I'm ready.
this post failed at all forms of humor, including sarcasm
 
Jun 2, 2005
15,516
4
0
Dallas
#18
I'm in Joey. Where we meeting? It will have to be on the week end cause I work. Oh, but you know what? Saturday's no good cause I like to try and spend the day with my kid, y'know? Oh, and what time? Because I'm going to be in HUGE trouble if the wife isn't able to go to her Yoga class at 5:00. But WHENEVER you need me, I'm ready.
Brilliant post. :haha7:

this post failed at all forms of humor, including sarcasm
You're a fucking idiot for that one.

The joke is he's not a liberal, so he has a job, cares for his children, and doesn't have a whole lot of free time to go hold a sign.
 

JoeyDVDZ

That's MR. MOJO, Motherfucker!
Aug 20, 2004
29,651
5,895
763
#19
As amusing as that was (and it was, no sarcasm here), the problem is that it's also true. Long gone are the days of violent revolution. People have too much to lose in the world we've created, and are shit scared of rocking the boat. That, and the government is so fucking huge, so all powerful and far reaching, that there is no realistic chance of a rebellion actually working anymore. They've built a revolution-proof system here in the USA and we all let it happen.