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Discussion in 'Politics, Religion, Social Issues' started by MacNut, Feb 22, 2009.
Is this good or bad?
What do you think?
Why have threads become a minimal content test lately fishing for opinion without posters disclosing theirs?
Everyone says we should not be in debt to China, isn't this just adding to that. So long term is this really a good idea.
Who's everyone? Are they the same people that trumpet free market ideology except when it's other countries being involved in the free market?
It's scary, is what it is. People have been talking for a while about the U.S.'s credit rating being lowered, and this represents a real-world example of what that actually means.
China isn't sure that, if they do buy the notes, any of the money they'll be loaning will actually come back to them. If they don't buy the notes, they can almost rest assured that the Fed will simply print the money plunging us into Hyper Inflation at which point all the money we pay old loans back with will be virtually worthless... (think paying for groceries with a wheelbarrow full of money)
VERY SCARY STUFF.