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Old 10-15-2008, 08:14 AM   #1
Supermouse
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Default China has the power too make USA bankrupt

Heard on the news today (swedish):

China has soo much money linked to the banks and goverment in USA. If China decides too use the money elsewhere = USA will for sure go bankrupt.

I guess the donīt want that?

PEACE!
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Old 10-15-2008, 01:35 PM   #2
gwynned
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Default Re: China has the power too make USA bankrupt

Quote:
Originally Posted by Supermouse View Post
Heard on the news today (swedish):

China has soo much money linked to the banks and goverment in USA. If China decides too use the money elsewhere = USA will for sure go bankrupt.

I guess the donīt want that?

PEACE!

Not to worry. People have pointed out that Paulson has made multiple (70) trips to China. One of the interesting points about the bailout out is that it would allow foreign investors to potentially get their money back. You may recall that there was talk about limiting the bailout to assets owned by Americans as of September 20. Paulson scrapped this. As Mike Whitney pointed out (http://www.informationclearinghouse....ticle20915.htm), an asset held by the Bank of Shanghai, can be transfered to the Bank of Shanghai in Los Angeles and the Feds (meaning you and me) can buy it back. Since Paulson has been given full discretion as to how these funds can be spent, he may be inclined (to keep the Chinese satisfied) to pay full price for this particular loan, even if the street value of it, given the current climate, is 40% of value.

This might explain why Pelosi and the gang were so insistent that the bill be passed. If it hadn't, the US might have been in the same position as Iceland.
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Old 10-15-2008, 02:19 PM   #3
pineal-pilot-in merkabah
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Default Re: China has the power too make USA bankrupt

the usa is bankrupt it has been for the last who knows how long at least since bush.. the whole of western europe is bankrupt.. its all fiat money.. all blips on a computer screen. its all a game.. money hasnt existed for a long time..

the usa was set up to be destroyed from its inception.. ordo ab chao.. order out of chaos
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Old 10-15-2008, 03:05 PM   #4
Antaletriangle
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Default Re: China has the power too make USA bankrupt

USA minted and shipped 800 billion dollars of AMEROS to china last year,for when the dollar collapses.
http://www.disclose.tv/action/viewvi...MERO_Currency/
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Old 10-15-2008, 03:24 PM   #5
Carol
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Default Re: China has the power too make USA bankrupt

Quote:
Originally Posted by pineal-pilot-in merkabah View Post
the usa is bankrupt it has been for the last who knows how long at least since bush.. the whole of western europe is bankrupt.. its all fiat money.. all blips on a computer screen. its all a game.. money hasnt existed for a long time..

the usa was set up to be destroyed from its inception.. ordo ab chao.. order out of chaos
right on targrt
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Old 10-15-2008, 08:59 PM   #6
sprocket
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Default Re: China has the power too make USA bankrupt

Bankers have got to be rated as the lowest scum on earth, even lower than politicians - they have been behind almost all recent wars, and all for money and power! The only consolation is that karma will eventually force them to see the error of their ways...

btw, here's a link I found in another forum which points to a factual basis for the oft-quoted supposition that the USA is bankrupt. It's worth reading the whole article for more info on Bush/Paulson/Greenspan and their cohorts...

Quote:
"GERMAN FINANCE MINISTER STEINBRUCK INADVERTENTLY LETS THE CAT OUT OF THE BAG"

"The United States is bankrupt and is essentially in the hands of its creditors"

the financial crisis is not attributable to the widely ballyhooed Subprime Mortgages, but...

"HOLDERS OF HIGHEST U.S. OFFICES ARE SPECIFICALLY RESPONSIBLE FOR THIS CRISIS"

More here..

http://www.worldreports.org/news/177...ettlement_cash
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