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Originally Posted by SirMoby
We are better funded. Just ask the central banks of Japan and China. They'll tell you that we are by far the best borrowing nation in history  |
Again, most people forget the power of aircraft carriers. That aside, countries fund our debt because it is a
safe place to put their money. There is no friendship when it comes to cash and nobody is doing us any favors. China is financing its slave labor economy with depreciated currency that is returning them by some estimates more than 600% profit. Could you spend some of their paper anywhere?
Anywhere? You can't even spend it easily in China (and get value) I know this because a near relative manufactures there and has for fifteen years.
Japan...whatever! If we ever slapped them with tariffs forcing open their markets they woud choke, forget about the banking crisis a few years ago as a result of real estate shenanigans that we bailed them out of. Just like we did the Mexicans under Clinton. Saudis... they were saying the same thing about them twenty years ago (ooohhh they are buying all our debt). France, Germany, et al, are they still countries? Aren't they called the EU now? A combined financial instrument called the Euro that has/had its promise but could fall into collapse at any moment (trust me its true) as a result of politics.
Again, my question is WHO or WHERE ELSE ARE YOU GOING TO TURN TO. There is a reason we are who we are. Nobody is doing us any favors! Now I hate Bush and all his cronies, but bottom line, PR aside, creeps like him come and go. We are who we are with what we have for reasons. All in all we're pretty good guys (and girls) and for the most part still wear the white hats. Right wing, religous, radical, corporate shills can have their brief moment in the sun. It'll work itself out.
The threat is from Corporate power, world trade, and the breakdown of national soverignty. The International Federalists sound touchy feely and all fuzzy and warm, but power is Machiavellian and brutal. I'd rather it be us that has it than anyone else I can see.
And now please excuse me while I stand an recite the Pledge of Allegience....
Heh, heh, heh