Do you believe US can survive if China cashes in all the US bonds they hold and stop loaning any new money to us?
If your answer is yes, please explain how.
If your answer is no, does it bother you?3 AnswersEconomics1 decade ago
Read from Yahoo News, Detroit , once "the great car capital of the world" has no more Chrysler/Jeep Dealership, Detroit has only 4 Starbuck Coffee restaurants, Detroit has no chained national grocery stores, Detroit has 30% of the population who live on food stamps, Detroit has the highest high school dropout rate Detroit ...., .... Is this the future of this great nation if we continue keeping spending, keeping borrowing from Communist China, keeping playing political games,.... till the nation files chapter 11?10 AnswersDetroit1 decade ago
- 5 AnswersChrysler1 decade ago
If you do, here is what he wrote 140 years ago (when there never existed any communist party, nation ).
This is exactly the picture we have today in terms of global ecnomy disaster.
This is exactly what our government has been doing since January 20, 2009. Many of you were ready for Mr. Obama 40 days ago. Are you still ready for the communism he has been preparing for you? Is this a wake up call for America?
“Owners of capital will stimulate the working class to buy more and more expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalized and the State will have to take the road which will eventually lead to Communism.” - Karl Marx, Das Kapital 18675 AnswersPolitics1 decade ago
US brought the whole world into a worst global economy depression. US has already owed China 2 trillion dollar and is persuading China to lend more money to Obama to "stimuate" US economy with no means and no intention to pay back. US has never considered China a partner but a Communist enemy. Should China use its currency reserve to stimulate its own economy instead of Obama's economy?4 AnswersPolitics1 decade ago
When our economy recession stated December 2007, Government under GWB kept telling us we had an economy goldie lock not untill the banking system started to collapse. Now our GDP has dropped 6.2% in Q4, our export dropeed 22+%, our business investment dropped 20+%, unemployment, layoffs are getting worse,... Do you beleive we are still in recession or the beginning of depression?3 AnswersEconomics1 decade ago
Her TV interviews really make my stomach sick.
It will make me sicker if TV networks pay her to show up on TV.
Her hospital should hold all her 8 babies till she pays all the medical bills she owes.
Her local and state government should stop providing all her social welfare payment and foodstamps.
Her local community and "church" should stop providing her with any "charitable" items.8 AnswersCurrent Events1 decade ago
Capitalist USA , as a NO. 1 nation int the world, has dragged the whole world into a greatest global economy depression in history; Uncle Sam carries 12 trillion dollars of debt and is still borrowing from Communist China; American people carry trillion dollars of credit card debts, equity loans debts , student loans, home foreclosures...
Chinese Communist, as a poor developping nation, considered as an enemy of free world, has trillions dollars of foreign currency reserve; it owns 2 trillion of US T-bills and is still buying more at the request of Uncle Sam; Chinse people has more than 3 trillion dollars of saving sitting in the banks and pays minimum of 30% down payment under government's regulation when they buy a house....
Are you really confused which system is better, which one is worse? Will Uncle Sam ever hasve the ability to pay off its debt? Will American people survive without carrying personal debts? Has our government learned anything from Communist China?6 AnswersGovernment1 decade ago
If Democratic System is so great, why have we winded up with the greatest, deepest global ecnomy depression across all the Democratic nations? Why does our greatest nation owe Chinese Communist 2 Trillion dollars? Why are we still begging Chinese Communist to invest in US? Why don't we just import China's Socialist Capitalism to replace both Democrats and Republicans on the Capital HIll so we can become a rich strong nation again?6 AnswersPolitics1 decade ago
Instead of using honest taxpayers' money to bail out those unqualified homeowners, shouldn't Government consider to have those loosers to pay their mortgage with their contributed social security fund, 401K, IRA moeny? They know how to cheat their income during purchasing their home, they should pay their guilt with their own money, not your and my money!3 AnswersRenting & Real Estate1 decade ago
- 8 AnswersPolitics1 decade ago
Chrysler announced to close their plants for 30 days while all the UAW workers will still receive 95% of their take home pay for doing nothing as the company is asking government to bail them out. Is this fair to the rest of hardworking Americans?5 AnswersCurrent Events1 decade ago
American UAW workers are paid almost as much as those white collar workers in most of the job catagories. They believe they are all technically skillful and the Big 3 can not survive without them. Then, why are they so afraid of the bankcrutcy of the Big 3? They can always walk away their plant to find other jobs that need their skill with the same high wage & benefits they receive from Big 3. If that is not the case, then, they have been overly paid with what they do not deserve today.5 AnswersCorporations1 decade ago