The list, Ping
Let me know if you would like to be on or off the ping list
From article: Mr Zhu said that China and the US are “inseparable”.
Another way to look at it: China and the US are hopelessly entangled.
I am seriously sick of hearing about “default”. That’s like saying you are going to default on your house because the season tickets to the opera are due.
Expect the fed (both DNC and GOP-e) to cave on this ultimatum from their mandarin masters. Free traitors sold the US to the highest bidder, now we ALL will have to pay the price. When obama said “ you didn’t build that” he was right, the chinese did. The free traitors stole and sold our national sovereignty to the highest bidder, and will tell you to your face that they did, and as long as they got theirs, they could care less who they destroyed in the process to get it.
I’ll bet China is just raring to buy up all that disputed 14th Amendment debt Obama wants to issue. No risk involved in that. Americans would never repudiate unconstitutionally issued paper.
Pei-ping
When you owe a thousand dollars to the bank, and can’t pay. . . it’s your problem.
When you owe billions to the bank, and can’t pay . . .that’s the BANK’S problem.
Too bad, so sad, China. . .
This is big news. Too big to fail banks also have visited him recently warning him not to allow a default. I was getting concerned that he was willing to default as a strategy for 2014 elections, but it looks like our real masters are vetoing that plan.
The default the Chinese and the rest of the world fear is when Hard Working Americans no longer have the money in their budget’s that is diverted to Insurance. The crisis will affect all consumer spending, ranging from restaurant dining, buying Coke’s at the grocery, trips to the Mountains or Beach, Car purchases or new purchases of Cellular products. The big sucking sound you hear in the economy are those workers displaced from the Service Industry as it realigns into Healthcare.
The mere prospect of uncertainty about debt repayments is going to drive precious metals sharply higher.
There is currently a tacit agreement between East and West to keep the dollar’s reserve status unchallenged in exchange for keeping the price of Gold suppressed. It works to the advantage of both sides. China gets the Gold, and the West get to keep their welfare states.
But the prospect of debt default threatens this cosy and quasi-stable arrangement. China’s best way to enforce the payment of these debts would be to increase their rate of precious metals purchases over and above today’s already immense level. Enough to threaten a metal supply failure.
If I’m right in my guess we will see the price of Gold suddenly spike up to near $1415, then down again/flat again when the payments are assured. Or up to $5000+ if they are not.
Got no sympathy for them.
The huge debt is just the result of the problem.
The underlying problem is, even if we default—as long as we have Democrats and a GOP willing to `wink & nod’—we could have a zero debt balance but before too long we would be back again deep in the red.
The problem is irresponsible spending and failure to budget by the feckless executive and legislative branches.
Never trust a junkie or a pol with a US checkbook.
A little tip for you, Mr. Zhu.
Pay no attention to our mainstream media.
I think perhaps they’re needling Obama, piling on so to speak.
