Will the USA default?

[Banditbandit]

Maybe they are really just two covers of the same book!

Yeah .. and I know which one is the arse end ...

[avgas]

Yeah .. and I know which one is the arse end ...

Which end is the arse end of a book?
(look up how the chinese read)

[Paul in NZ]

The irony is that all this started when they started to 'export' all the blue collar jobs... The real issue isnt Obama care or ACA or whatever but that one group can stop a democratically passed initiative dead in its tracks and effectively stop a country and hold the whole world at gun point because they and a few of their crooked mates are upset?

Honestly this shits me - if they default then there is going to be hell to pay for the whole world including us...

The Chinese are looking a lot more appealing by the minute.

[oldrider]

The Chinese are looking a lot more appealing by the minute.

The only thing communist about China is the colour of their flag these days anyway!

America and China are as interchangeable as were Hitler and Stalin .. so different that they end up behaving exactly the same in the end!

[baffa]

Amerika's fucked .. and it's going to screw up the world economy because two parties are so entrenched in their bullshit ideologies that they can't even sit down and talk sensibly ...

I hope China ends up owning them .. Amerika owes China billions ... and the Chinese just might call in the debt ... (pretty amazing when the so called "Greatest Capitalist nation in the world" owes its economic survival to the most populated Communist country ...)

America doesnt "owe" China billions. These things dont get called in. There is nothing wrong with Countries having debts, it works a little differently than with individuals. Most countries owe each other and own parts of each others currencies.

The real issue is the way the country is run. Amercians pay more for healthcare than we do, and most of them dont get anything for it.
If you need a fake hip or similiar, Amercian corporations can charge you whatever they like, its all about profiteering, there is no consideration for the client and being cost effective.

[avgas]

The Chinese are looking a lot more appealing by the minute.

[avgas]

America doesnt "owe" China billions. These things dont get called in. There is nothing wrong with Countries having debts, it works a little differently than with individuals. Most countries owe each other and own parts of each others currencies.

The real issue is the way the country is run. Amercians pay more for healthcare than we do, and most of them dont get anything for it.
If you need a fake hip or similiar, Amercian corporations can charge you whatever they like, its all about profiteering, there is no consideration for the client and being cost effective.

$29K here for replacement hip. +whatever ACC stumps up.

Not saying U.S. would be better (I expect worse) - but the light doesn't shine out of the worlds arsehole either.

As for debts being called in - happens from time to time. I suspect you don't remember the whole US$ = Gold, fixed international currency debacle.

This is usually what happens when debts get called in.....http://en.wikipedia.org/wiki/List_of...wns_by_country
Obvious one - Germany pre-WWII. But look at what happened then.....

[Akzle]

stupid fucken jews.

no. actually. the jews are the ones raking it in from this. they're the ones with an interest in maintaining the quo.

stupid fucking citizens propping up the bullshit jew system. it's you homos that will loose


vive la pizza!

[Drew]

Obviously I haven't read the whole thread. Fuck, I wouldn't understand most of it anyway.

Has anyone considered what happens to New Zealand if China calls in their debt from America? If the yanks have to pony up the cash, they're gonna call in all their debts and we're all of a sudden...fucked.

[Indiana_Jones]

So they're sorted till the start of next year?

Why do they bother putting a limit on? all they do is bloody raise it every time they get to it.

-Indy

[Banditbandit]

Which end is the arse end of a book?
(look up how the chinese read)

Yeah .. see .. in my own subtle way .. that was my point ...

[mashman]

So they're sorted till the start of next year?

Why do they bother putting a limit on? all they do is bloody raise it every time they get to it.

-Indy

They need to sort out who gets what costs for pushing the limit. If they need to up the limit by $1 trillion, then they need to add on an extra $500 million to pay the lawyers and grease the palms of those who can make the whole process tricky for them. You can't just add $50 trillion, coz that'd be unfair as everyone would start doing it.

Honestly, we'd get more done and wouldn't have to worry about the markets etc... if money wasn't an issue ... but hey, stupid entitlement ridden fuckheads are stupid entitlement ridden fuckheads.

[Ocean1]

Obviously I haven't read the whole thread. Fuck, I wouldn't understand most of it anyway.

Has anyone considered what happens to New Zealand if China calls in their debt from America? If the yanks have to pony up the cash, they're gonna call in all their debts and we're all of a sudden...fucked.

We owe America money?

FWIW I believe US debt is something of the order of US$270,000 per family. There's just no way they can do anything other than dramatically slash spending, all the wailing is just an argument over what they’re going to cut.

[Ocean1]

but hey, stupid entitlement ridden fuckheads are stupid entitlement ridden fuckheads.

Fk'n dole bludgers, eh? Make 'em dig ditches I reckon...

[mashman]

FWIW I believe US debt is something of the order of US$270,000 per family. There's just no way they can do anything other than dramatically slash spending, all the wailing is just an argument over what they’re going to cut.

270k? Maybe it's not.

Fk'n dole bludgers, eh? Make 'em dig ditches I reckon...

Nah, the stupid entitlement ridden fucktards who be believe that they are worth what they earn moreso than someone else. Them fuckers. The ones who keep blaming the bludgers. The ones who would dig the ditch and claim they did it by themselves.