- Jan 16, 2009
- 2,895
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I have WHAT in my yard? :
Yes, China already owns most of the US debt and this is a HUGE worry. But, they won't call our note because they need us as a market.
The bailouts are nothing compared to what lack of transparency and rampant evidence of corporate greed and malfeasance have done. Other countries and investors count on the US dollar because it is stable and it is stable because our government and infrastructure are stable.
Currently our infrastructure is NOT stable because investors are afraid everyone is cooking the books and are corrupt. Until they begin to believe otherwise they are keeping their money in their pockets. This isn't about confidence in the markets it is about confidence in the businesses.
And I am afraid it may be too far gone to be saved by anyone.
http://www.chrismartenson.com/crashcourse
I agree, China has no reason, at this point to call in any debts, and yes the carry a large portion of our debt. I also agree that the American public are very concerned with corrupt business practice and where their tax dollars are being spent.
I know I do not like to see the government bailing out the big 3 auto makes when all the while their CEOs get rich and the working people are getting poorer. Yes, I believe we all have to comprimise, and we had better do it soon or ???? who really knows what will happen!
Yes, China already owns most of the US debt and this is a HUGE worry. But, they won't call our note because they need us as a market.
The bailouts are nothing compared to what lack of transparency and rampant evidence of corporate greed and malfeasance have done. Other countries and investors count on the US dollar because it is stable and it is stable because our government and infrastructure are stable.
Currently our infrastructure is NOT stable because investors are afraid everyone is cooking the books and are corrupt. Until they begin to believe otherwise they are keeping their money in their pockets. This isn't about confidence in the markets it is about confidence in the businesses.
And I am afraid it may be too far gone to be saved by anyone.
http://www.chrismartenson.com/crashcourse
I agree, China has no reason, at this point to call in any debts, and yes the carry a large portion of our debt. I also agree that the American public are very concerned with corrupt business practice and where their tax dollars are being spent.
I know I do not like to see the government bailing out the big 3 auto makes when all the while their CEOs get rich and the working people are getting poorer. Yes, I believe we all have to comprimise, and we had better do it soon or ???? who really knows what will happen!
