Greenguy's Board


Go Back   Greenguy's Board > General Business Knowledge
Register FAQ Calendar Today's Posts

 
 
Thread Tools Search this Thread Rate Thread Display Modes
Prev Previous Post   Next Post Next
Old 2010-09-23, 08:31 PM   #11
ecchi
Banned
 
ecchi's Avatar
 
Join Date: Oct 2003
Location: About to be evicted!!!!
Posts: 4,082
Quote:
Originally Posted by Charlie View Post
Well, I already admitted we are a whorehouse, but I don't think you third world leeches would even exist if not for us
You suffer from the same problem as me, you are still living in the 1970's. Back then America was a great nation, but now it is Asia that is propping the USA up, not the other way round. At the moment your country owes countries like China so much money that if China says "jump" the USA has to ask "How high sir?" and then damn well jump. Fortunately China and India also make a lot of money from exporting to the US, so they don't want to rock the boat. But if the President goes all protectionist and starts bringing in trade levies or some such thing (which must look inviting in the current economical climate), or if he stops that aid you keep moaning about, then countries like China can retaliate by demanding that the loans get repaid, then it will be the 1930s all over again. (I don't think this will happen while Mr Ob is in power, but if he looses the next election and you get someone like Palin in, there is a serious risk she will get patriotic and protectionist, if that looks like happening, emigrate to Canada or Europe before it is too late!)

However the most imminent worry is over America's credit rating. At the moment it is good, but if it drops, you owe more money that Greece does, so the same thing will happen in America as is happening there, prices are going up, and salaries are going down. Serious poverty for most people, however not as bad as the above scenario (but there is a greater chance of it happening, even with a good President).
ecchi is offline   Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 06:36 PM.


Mark Read
Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
© Greenguy Marketing Inc