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Car Forum / Driving, Maintenance, Tuning / RVs / August 2007China Threatens America
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml They will act if the American government enacts trade sanctions. They poison our pets, poison us, pollute the earth, kill unborn babies as a matter of policy, sell arms to US gangs, supply weapons against our troops, and now this. Why do we need our government to enact trade sanctions? Let's do it ourselves! Don't buy any Chinese Communist crap! Remember the Korean War! The boycott starts with you! Let's make America strong! God Bless America and all the real Americans out there! Thanks for reading. Jonathan King The wave is growing: http://news.yahoo.com/s/nm/20070808/ts_nm/usa_china_poll_dc_2 Jonathan King > http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml > [quoted text clipped - 19 lines] > > Jonathan King Post your OT crap on RORT, not here. >> http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml >> [quoted text clipped - 21 lines] > > Post your OT crap on RORT, not here. And YOUR post is on topic? Shad O'Shay He's just an America-hating Communist. You can bet he doesn't support the troops or even believes in God. He's the type to take all America has to give and offers nothing in return. He is what is wrong with this country. Jonathan King > http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml > [quoted text clipped - 19 lines] > > Jonathan King Your post shows a stunning lack of insight into the world of economics. You probably don't know that China holds well over one trillion (that's with a "t") dollars of US Treasury debt. The threat from China is that it might start selling off this debt on the world market, an act which would cause enormous grief to the value of the already plunging US dollar. Boycotting China will do far less than getting the US out of debt TO China, an act which Mr. Clinton recognized (remember a Treasury surplus) but which is now all but impossible to accomplish what with the daily cost of an eternal war in a far away land. China has helped the US finance that war. China must be our friend. kh > China, an act which Mr. Clinton recognized (remember a Treasury surplus) You fell for that one huh? Sorry but there was no actual surplus. In no year during Clintons term did revenue exceed spending. The surplus was only a projection but people seemed to take it to be actual $'s and appears they still do. >> China, an act which Mr. Clinton recognized (remember a Treasury surplus) > > You fell for that one huh? Sorry but there was no actual surplus. In > no year during Clintons term did revenue exceed spending. The surplus > was only a projection but people seemed to take it to be actual $'s and > appears they still do. Accounting has its many forms, as do statistics, and they can all be read in many ways. In your haste to quibble with my understanding of national budgets ten year ago, you paid no attention to my remarks about China owning a goodly portion of the US debt, and the threat to our economy that would ensue from China's unloading that debt onto the world market. Do you disagree that China has financed our wars in far-away places? kh > In your haste to quibble with my understanding of national budgets ten > year ago, you paid no attention to my remarks about China owning a > goodly portion of the US debt, and the threat to our economy that would > ensue from China's unloading that debt onto the world market. > > Do you disagree that China has financed our wars in far-away places? Japan investors hold the most US debt. Japan, China, Taiwan, and South Korea hold 40% of our government debt. However, my reply was regarding your absurd comment about the Clinton 'Surplus'. There never was a surplus. Only a wishful projection which per your statement is one of the many forms accounting can take. Doesn't change the fact that actual $'s in revenue never once exceeded spending in any year of Clintons term. Not one. So if you can't get that basic concept down then theres little reason to discuss foreign debt. You didn't even correctly name which country holds the most debt. Sheesh!! > Your post shows a stunning lack of insight into the world of economics. If you owe the bank $250,000 - the bank owns you. If you owe the bank $3,000,000,000 - you own the bank. Stunning, isn't it? Jonathan King |
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