World leaders confer on debt crises this weekend

Most US companies are avoiding taxes by moving offshore, then treason becomes normal, an dthe peasants in the USA are just ignorant whiners.
They live in luxury as they play ball with the communist Chinese, wake up, China is where it is now because of inner USA treason.

reply to post by Dr Expired


Treason???

explain please.

reply to post by Xcathdra


To disadvantage your fellow citizens by engaing in profit with foreign Governments by such practice, could be construed in a patriotic court as treason.
Espescially if that Government is diametrically opposed to your constitution?
Traitors sell out towns , counties, states, nations for profit.
These traitors would still be rich and be profiting if they had employed USA workers and stayed in the USA, but greed breeds treason.
Now the USA is facing collapse due to having to borrow from China.
We used to export remember that?

reply to post by Xcathdra


I'm not him, but I see it. Haliburton, for example, who benefits SO MUCH from US war, who gets all sorts of money from Uncle Sam, moved it's headquarters to Dubai so they wouldn't have to pay US income taxes.

Treason may not be the word that comes to mind in the strict definition of the word, maybe TRAITOR is better. You sell out your country to serve yourselves.

reply to post by Dr Expired


I remember it, I was more intrested in how you arrived at treason though. One of the prices of living in a free market system is the possibility of losing out because we arent competetive enough in the market place.

We no longer have individual national economies. We have moved into a global economy where every single country is interlinked together. What I see is the equalization of work force and prosperity based on resources and available work force.

As with anything that undergoes equalization, you will have an outgoing of work, with the eventual return of said work. We are seeing that now, with companies moving services back into the US because ts cheaper here than it is in India.

The days of the US as an economic powerrhouse is on the decline, and the days of China being an econmic powerhouse is slowing down. As countries continue to modernize in Asia and Africa you will see China challeneged, just as they did the US.

Bah!

S&P downgrade means all the US treasuries China is sitting on are worth less and the US dollar will probably fall in relation to the yuan. Both those things will contribute to China's already runaway inflation woes.

Make no mistake ... China is choked, and they can't do a damn thing about it.

The biggest thing China has going for them is a rising currency ... which makes investing in the yuan a good thing ... potential reserve currency status which is very powerful.

... But shut down a couple of their energy suppliers *cough* Iran *cough* US coal *cough* and China is in a heap of trouble.

The games chess. Not checkers.

reply to post by area6


In order for the Yuan to fall, China would first need to allow it to free float on the market. They have yet to completely follow through with that WTO obligation, arguing that if they did that inflation in China would be in the 20% range.
China has flaunted WTO requirements on many fronts now, and for some reason the US and the world continue to ignore their refusal to comply.

reply to post by Xcathdra


They stop the yuan from free floating by buying a ton of US bonds ... That's WHY they buy them ... all of which just suddenly went down in value. And they have no control over that.

Edit: It's not going to fall, it's going to go up

Originally posted by area6
reply to post by Xcathdra

 

They stop the yuan from free floating by buying a ton of US bonds ... That's WHY they buy them ... all of which just suddenly went down in value. And they have no control over that.

They never let the Yuan really free float in the first place. Buying US bonds has nothing to do with the Yuan being placed on the open market and traded, just like every other currency there is.

China has ben insistent on not doing that, citing inflation as a reason, when in reality they are manipulating their currency to create and advantage. When they joined the WTO one prerequ was for heir currency to be traded on the open market, which is lacking.

Originally posted by Dreine
reply to post by Misoir

 

Agreed.

Unlike the United States, China has a long, well-documented history. They see things not in the short term alone, but also in the long term. They are wise, and like some well noted Marxists have said before it would not take a war to bring the West to it's knees, it would only take them to drown in excess and laziness for the capitalist way of life to burn out.

Unfortunately our 'leaders' see things in 4 to six year cycles, depending on the election year

To bad it does not apply because we are not a capitalist society, we adopted Marxist socialism in 1933 and what is dying is failed Marxism/fascism/corporatism. I will give the Marxist credit though for successfully reversing the labels and brainwashing so many people into believing Marxism is Capitalism. It is this kind of ignorance prevalent among the people that has facilitated our downfall....

reply to post by Xcathdra


We'll have to agree to disagree.

It's traded all over the world - in many ways - if it wasn't, you couldn't manipulate it or peg it to any value, high or low, in relation to the US dollar. You say WTO wish list, I say Wall Street wish list.

Originally posted by Wyn Hawks

Originally posted by caladonea
I never thought in my wildest dreams that America would be in this sort of trouble. During the Clinton administration...we were doing fine....what happened?

...the short scope answer is - the gwb regime... they "sold" a huge chunk of our national debt to china, then dubya told the citizens of the usofa to go out and show your patriotism by spending money you dont have...

...the wide scope answer is - this is a homemade set up thats been in the cooker for a long time... the gwb regime was just another step...

Thanks for answering...would you please go into more detail (on the homemade setup)...why they are setting us up....and what you think the hidden agendas are?

Originally posted by area6
reply to post by Xcathdra

 

We'll have to agree to disagree.

It's traded all over the world - in many ways - if it wasn't, you couldn't manipulate it or peg it to any value, high or low, in relation to the US dollar. You say WTO wish list, I say Wall Street wish list.

Agree to disagree is fine. When China joined the WTO there was criteria they had to comply with, and the free floating of their currency was one fo those requirements. They had 5 years to transition, and we are way beyond that time frame now.

Not wall street, World Trade Orgaization.

Not sure which super power is worse. China or the US. China controls it's people. US controls it's people. China kills it's people. US kills it's people. China is ruled by murdering facists. US is ruled by murdering facists.

Hmm......Is China controlled by a banking criminal elite? Not sure!

Is the US controlled by a banking criminal elite? YES IT IS!!!!!

I'm gonna learn Chinese. They have better food anyway!!

reply to post by wavemaker


Sadly, most people are unwilling to admit it. The few of us who do should take care of ourselves.

Originally posted by Dreine

I'm surprised this came out so quickly. China was looking for this to h appen, it appears. And it looks as if now China is ready to call our bluff. Reading into the article they say the US should decrease military and social security expenditures... almost as if they would love to see the states fall into total chaos.

Not to mention the idea of a new global currency to weigh against the dollar that is proposed in the article.

Something we should all keep an eye on.

www.reuters.com
(visit the link for the full news article)

edit on 6-8-2011 by Dreine because: Additonal statement.

China was not the only government/nation to know about this day coming. China was planning on it and even manipulating many world currencies to create this event. What's most sad is that our own government (the US) has been planning on this as well, its all been propagated to make the people of the world go along with this new world currency. The outcome of this will not be good. Question is, which country will have the most say in how to manage the currency? Realistically, a single world currency will not help at all. Where is the money going to be printed, if all countries can print then why wouldnt the corruption lead to any number of govt printing for use within country. Nothing would.

How will these choices be made.........

WAR!!!

reply to post by wavemaker


"shine" strange choice of wording, China has about the worst human rights and oppressive government you could imagine for a world power to have. If they are the main global force it is the beginning of the end.

Originally posted by caladonea

Originally posted by Wyn Hawks

Originally posted by caladonea
I never thought in my wildest dreams that America would be in this sort of trouble. During the Clinton administration...we were doing fine....what happened?

...the short scope answer is - the gwb regime... they "sold" a huge chunk of our national debt to china, then dubya told the citizens of the usofa to go out and show your patriotism by spending money you dont have...

...the wide scope answer is - this is a homemade set up thats been in the cooker for a long time... the gwb regime was just another step...

Thanks for answering...would you please go into more detail (on the homemade setup)...why they are setting us up....and what you think the hidden agendas are?

The hidden agenda is population control through global war which will eventually lead to one singular victor which will become the world government. Guess what, they all know civilians and most of societies around the world will not go for this, they plan on the riots, this will then escalate to martial law, then civil wars, then global international wars. This is expected as the governments will use the " its us or them" mentality as will militarily around the world, this will divide government from the rest. This divide is like pitting a toddler in the ring with a sumptuous wrestler in a fight to the death. Who do you think will win.

So the basic goal is to separate govt and everyone else which will basically wipe the "rebels/terrorists" off the face of the earth leaving the governments to do as thy please with the remaining sheeple which will quickly be turned into slaves. Why do you guys think they've been putting up highway came and spending enormous amounts of money on military "projects". The surveillance equipment is to give the governments the advantage as any war equipment will need space to move. They'll basically be waiting for the "terrorists". The military "projects" are not research and development, they are war machine manufacturing "projects".

The dark side is strong in this government.

reply to post by DarkSarcasm


You got that right. The New World Order have been planning this for at least a few hundred years. They have been consistant and patient.

Now it is crunch time! Unless the sheeple wake up this will be a bloodbath and it will be our blood running down the streets.

We are all screwed!!

The US owes money to the governments of China, Japan, UK, Brazil and others:

Foreign holders of U.S. Treasury Securities

So of course China is upset. Crashing the dollar is a way to reduce the debt and cheat China. And it will force China's currency to rise in relation to the dollar and that takes away the competitive advantage of China, which does not exactly consist of ingenuity but of a cheap workforce (China is even better at enslaving their population than the US).

But the important question is: How much debts do the US have to foreign countries and how much is internal, to the FED?

From Wikipedia:

As of August 3, 2011, the Total Public Debt Outstanding was $14.34 trillion dollars, of which $9.78 trillion was debt held by the public and $4.56 trillion was intragovernmental debt holdings.

As far as I understand it, the "intragovernmental debt" is what the US owes to other countries, and "only" $1.16 trillion is to China.

But probably the biggest part of the public $9.78 trillion is owed to the FED. It looks to me as if the US is taking loans from other countries for the interest payments to the FED.

Does anybody have more information on this?