Author: dragon8

The USA is Bankrupt   [Copy link] 中文

Rank: 4

Post time 2014-9-15 08:25:21 |Display all floors
mixamixa Post time: 2014-9-15 07:52
Yes, the third party can be seen as US taxpayers. However they didn't donate anything, US governme ...

Astronomical bonuses were paid to CEO's, directors, and money manipulators of these corporations. The serfs were worse off on average by $US33,000. Your "considerable amount money" was actually stolen from them.  
Generous treatment of captured enemy troops.
Death to those that choose to fight.

Use magic tools Report

Rank: 8Rank: 8

Post time 2014-9-15 10:34:55 |Display all floors
MisterZhu Post time: 2014-9-15 08:25
Astronomical bonuses were paid to CEO's, directors, and money manipulators of these corporations.  ...

Yes, I agree with you. Banking bonuses were / are high. Failure should never be rewarded. If FED would not have force the banks to take FED investment, the whole financial system would have collapsed. That would have cost even more and nothing would have been able to get back.

Use magic tools Report

Rank: 4

Post time 2014-9-15 11:27:36 |Display all floors
mixamixa Post time: 2014-9-15 10:34
Yes, I agree with you. Banking bonuses were / are high. Failure should never be rewarded. If FED w ...

By rewarding bad behaviour we will get more of the same. The US taxpayer will be the victims once again. As it will affect the whole world, I am hoping this will not happen.  
Generous treatment of captured enemy troops.
Death to those that choose to fight.

Use magic tools Report

Rank: 6Rank: 6

Post time 2014-9-22 12:32:51 |Display all floors
The Chinese are so stupid as to actually believe that THEY are the ones responsible for their good economic fortunes, when in fact they are nothing but the recepients of a massive wealth transfer from West to East.

The "Chosen Ones" have sucked the entire Western hemisphere dry, and as is their tradition, they must go elsewhere for the next victim- hence the transfer of wealth we are seeing.

Within 5 years there will probably be 500,000 Jews in China, and within 10 or 15 there will be millions. And when the million+ number is reached the Chinese will clearly feel their presence.

Use magic tools Report

Rank: 1

Post time 2014-9-23 11:34:23 |Display all floors
mixamixa Post time: 2014-9-13 22:19
Since ALL US government debt is in US dollars, USA can print more money and pay off the debt if they ...

This is a correct statement.  America cannot be bankrupt because they can print as much money as they want and all of their debt are denominated in US Dollars.

Use magic tools Report

Rank: 1

Post time 2014-9-23 11:35:34 |Display all floors
ll利 Post time: 2014-9-13 23:49
Not Americans, The Federal Reserve.

Actually this is a wrong fact.  America does not own 17 trillion in foreign debt.  Only 5 trillion or so.  And how about the wealth? We calculated and published this info.

Use magic tools Report

Rank: 1

Post time 2014-9-23 11:37:31 |Display all floors
mixamixa Post time: 2014-9-14 00:34
When central banks create money, it is called expanding the balance sheet. What you are talking ab ...

To understand money creation, think about it this way. It is only created when demanded.  And who demanded this money? An asset must be presented before new money is created.  We explained this process in our site.  In short, no money is printed out of thin air.

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.