US should default on Treasuries

[Brubeck]

I think US should just default on their loans since they cannot afford to pay anyway. The impact on their economy and that of Europe will be minimal since both continents are not doing well. A short period of upheaval after this reset could turn things around.

This will basically screw China up on both fronts: China's reserves mostly are in US Treasuries and their exports will plummet in a global recession.

Arguably, China's military progress will be halted and will be less of a military competitor to the US in the future.

Please discuss.

 

[syed putra]

wot about sinkie? and japan? in fact the whole of asia will be fucked.

 

[wMulew]

Dumbfuck opposition retard thinking the default will screw China. It will screw US more badly than it screws China U moron. The US govt runs a deficit budget meaning they spend more than they earn. The only way the government can keep running is to borrow money. If they stop paying their creditors only an idiot will still lend them money. Who do U think will collapse faster, US or China?

 

[GOD IS MY DOG]

I think US should just default on their loans since they cannot afford to pay anyway. The impact on their economy and that of Europe will be minimal since both continents are not doing well. A short period of upheaval after this reset could turn things around.

This will basically screw China up on both fronts: China's reserves mostly are in US Treasuries and their exports will plummet in a global recession.

Arguably, China's military progress will be halted and will be less of a military competitor to the US in the future.

Please discuss.

go drink a big bottle of BLEACH..........it's good for you........all bad parasites and bacteria in your body will be killed.

 

[halsey02]

wot about sinkie? and japan? in fact the whole of asia will be fucked.

We will become 'chickens'...go ask PINKY!!....they are already 'headless chickens", running now in circles!. Everything will come crashing down in SINkerpore, when the US economy crashes & China too...

We are in grave danger...

 

[johnny333]

If there is a global recession it's going to be tough on Sporeans. Many don't even have a patch of ground to grow tapioca

 

[zhihau]

Arguably, China's military progress will be halted and will be less of a military competitor to the US in the future.

let money be pegged to gold once and for all

 

[hockbeng]

dumbfuck opposition retard thinking the default will screw china. It will screw us more badly than it screws china u moron. The us govt runs a deficit budget meaning they spend more than they earn. The only way the government can keep running is to borrow money. If they stop paying their creditors only an idiot will still lend them money. Who do u think will collapse faster, us or china?

relax bro

many people dont understand how the fed ; us gov debt/deficit spending; china's/japan/spore trade surplus and exchange rate manipulation to boost exports are related.

 

[hockbeng]

i think us should just default on their loans since they cannot afford to pay anyway. The impact on their economy and that of europe will be minimal since both continents are not doing well. A short period of upheaval after this reset could turn things around.

This will basically screw china up on both fronts: China's reserves mostly are in us treasuries and their exports will plummet in a global recession.

Arguably, china's military progress will be halted and will be less of a military competitor to the us in the future.

Please discuss.

dont be an idiot.

The us owes china/japan/spore us dollars and not gold so why the hell should they default. They can easily print that money foc and give it to china.

Dont forget; all commodities including oil are priced in usd. In other words, all commodities belong to the usa since only the us can print usd.

 

[GOD IS MY DOG]

If there is a global recession it's going to be tough on Sporeans. Many don't even have a patch of ground to grow tapioca

grow bean sprouts lor.............fast some more.........

 

[laksaboy]

The us owes china/japan/spore us dollars and not gold so why the hell should they default. They can easily print that money foc and give it to china.

That's the problem: China (and Japan) have been buying a lot of US bonds and saddling much of USA's national debt.

Recently, they are indicating that they no longer wish to carry on doing so. And rightfully so, how would you feel if a friend kept borrowing money from you but has shown neither willingness nor ability to pay back?

In any case, the days of the US dollar as the reserve currency of the world are numbered.

Let's sit back and enjoy the show.

 

[SadPlumpGirl]

That's the problem: China (and Japan) have been buying a lot of US bonds and saddling much of USA's national debt.

Recently, they are indicating that they no longer wish to carry on doing so. And rightfully so, how would you feel if a friend kept borrowing money from you but has shown neither willingness nor ability to pay back?

In any case, the days of the US dollar as the reserve currency of the world are numbered.

Let's sit back and enjoy the show.

USA sold China and Japan (and I believe Ho Ching's TEMASICK) - TOXIC FUNDS!!!!
Prepare for the Worse.

 

[Poomer]

Dumbfuck opposition retard thinking the default will screw China. It will screw US more badly than it screws China U moron. The US govt runs a deficit budget meaning they spend more than they earn. The only way the government can keep running is to borrow money. If they stop paying their creditors only an idiot will still lend them money. Who do U think will collapse faster, US or China?

Acutally it works both ways, US will be in shit, China will also be in shit too. Collapse won't happen la, too much at stake, the global financial system will be wiped clean and anything goes. The depression will last 2 decades or something like that.

 

[Poomer]

USA sold China and Japan (and I believe Ho Ching's TEMASICK) - TOXIC FUNDS!!!!
Prepare for the Worse.

Wah your dp very chio lei... your whole body give lorry bang sibo?

 

[SadPlumpGirl]

Wah your dp very chio lei... your whole body give lorry bang sibo?

Love me? I give you a big kiss :p

 

[Qantas]

let money be pegged to gold once and for all

This theoretically desirable. But in reality there is not enuff gold for all the money in the world to be pegged to it. Unless only a small fraction of gold is pegged to the currency notes.

 

[zhihau]

Unless only a small fraction of gold is pegged to the currency notes.

what is the true value of gold?

 

[hockbeng]

what is the true value of gold?

a precious metal that cannot be printed by central banks

 

[zhihau]

a precious metal that cannot be printed by central banks

*standing ovation*

then we say goodbye to inflation and the fiat money system.

 

[winnipegjets]

I like a default. The financial system needs a major shakeup and we need to close the wage gap between the 1 percent and the 99 percent.