Theres a guy printing out organs via an inkjet printer with stem cells... ... This is the inside deal.. The fucking low low..... The reason we are such a great country is because we allow people to fail! Meaning people take risks in business and they don't get their heads chopped off for making mistakes... But contrarialy we are becoming a socialist country that props up its big institutions and sterilizes its ground up entreprenial spirit.. The whole deal is that tthrough bad decisions at the top of the business word a smart entreprenuer can come out and take over... otherwise innovation is stiffled.. .... I believe the whole "to big to fail" was a stratgy by the big to make tons of profits and leverage a bail out... Thats just me... I say we break up the bank mafia and localie the volatility in that industry.. Its from a real traders risk managements perspective is much safer and more efficent!
Coupla things.
First, China would not be financing America's debt if there was no debt. If the USA wants Socialism, then the currrent generation of citizens ought to pay for it now. It is immoral to foist that debt onto folks who are not yet born. I find the current system of transfer payments immoral, in that it takes money from middle and upper income folks and distributes it, not based on need but simply because of age. In other words, taxing some of the less wealthy to pay some folks who are already very wealthy. Gotta means test Social Security and Medicare.
As for the thrft of intellectual property. That is a problem that can be addressed if the USA is not beholdened to China to finance the current debt. One way may be to establish tariffs against countries that consistently engage in such theft. Gotta be careful, because there are pandering politicians that would soon "discover" that all other countries are engaging in unfair trade practises.
The USA can compete and do very well in the world economy if it can shed itself of Utopian Socialist theory, useless regulations, and get back to free market ideas.
China will always buy our debt as long as they want to be a net exporter to the US. There is no other way.....
They deliver ships full of crap to us. We credit their account at the Fed with extra zeros. They turn around and buy treasuries.
Can someone else tell me what they could possibly do with all the dollars that we send them (actually zeros credited to their account.
The answer is nothing really. They could buy things such as natural resources or other imported goods from other countries. In that scenario, they use US Dollars for that transaction.
Ultimately, all of those dollars have to end up back here in the US through treasuries or asset purchases from the US denominated in dollars.
That is the beauty of having the reserve currency.
the thing is if they bought anything but treasuries it would force their currency to appreciate.
By buying our debt they are allowing our big spending politicians to put off the day we have to balance our budget.
...
its about time someone in Washington said wtf are we borrowing.
even it we are going to deficit spend... lets stop the the borrowing.
Sure we would have inflation... but a lot of that would be to goods made in china. China's goods need to go up relative to other goods. Which is the way it should be..... price is supposed to help us properly allocate resources. But when price is being manipulated... our resources are not properly allocated. it costs us jobs...an it allows bankers and others to buy our lobby (bribe) our politicians into inefficiently allocate things in other areas.
China is being allowed to manipulate the invisible hand. Lets stop borrowing our debt.
Quote from clacy:
China will always buy our debt as long as they want to be a net exporter to the US. There is no other way.....
They deliver ships full of crap to us. We credit their account at the Fed with extra zeros. They turn around and buy treasuries.
Can someone else tell me what they could possibly do with all the dollars that we send them (actually zeros credited to their account.
The answer is nothing really. They could buy things such as natural resources or other imported goods from other countries. In that scenario, they use US Dollars for that transaction.
Ultimately, all of those dollars have to end up back here in the US through treasuries or asset purchases from the US denominated in dollars.
That is the beauty of having the reserve currency.
Coupla things.
First, China would not be financing America's debt if there was no debt. If the USA wants Socialism, then the currrent generation of citizens ought to pay for it now. It is immoral to foist that debt onto folks who are not yet born. I find the current system of transfer payments immoral, in that it takes money from middle and upper income folks and distributes it, not based on need but simply because of age. In other words, taxing some of the less wealthy to pay some folks who are already very wealthy. Gotta means test Social Security and Medicare.
As for the thrft of intellectual property. That is a problem that can be addressed if the USA is not beholdened to China to finance the current debt. One way may be to establish tariffs against countries that consistently engage in such theft. Gotta be careful, because there are pandering politicians that would soon "discover" that all other countries are engaging in unfair trade practises.
The USA can compete and do very well in the world economy if it can shed itself of Utopian Socialist theory, useless regulations, and get back to free market ideas.
our markets are way to free with respect to banking and wall street. They need to be reregulated and the rest of the markets need to be lightened up on...
