Results 1 to 21 of 21

Thread: China warns U.S. debt-default idea is "playing with fire"

  1. #1
    Banned


    Blog Entries
    8
    Posts
    2,939
    Join Date
    Dec 2010

    Exclamation China warns U.S. debt-default idea is "playing with fire"

    I apologize in case this has been posted/discussed already:


    China warns U.S. debt-default idea is "playing with fire"

    By Emily Kaiser Emily Kaiser Wed Jun 8, 7:55 am ET

    SINGAPORE (Reuters) Republican lawmakers are "playing with fire" by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China's central bank said on Wednesday.

    The idea of a technical default -- essentially delaying interest payments for a few days -- has gained backing from a growing number of mainstream Republicans who see it as a price worth paying if it forces the White House to slash spending, Reuters reported on Tuesday.

    But any form of default could destabilize the global economy and sour already tense relations with big U.S. creditors such as China, government officials and investors warn.
    http://news.yahoo.com/s/nm/us_usa_debt_bondholders



  2. Remove this section of ads by registering.
  3. #2
    China: You owe us money, don't default.

    ----

    Ron Paul Forum's Mission Statement:

    Inspired by US Rep. Ron Paul of Texas, this site is dedicated to facilitating grassroots initiatives that aim to restore a sovereign limited constitutional Republic based on the rule of law, states' rights and individual rights. We seek to enshrine the original intent of our Founders to foster respect for private property, seek justice, provide opportunity, and to secure individual liberty for ourselves and our posterity.

  4. #3
    China owns our $#@! lol
    Government is instituted for the common good; for the protection, safety, prosperity, and happiness of the people; and not for profit, honor, or private interest of any one man, family, or class of men; therefore, the people alone have an incontestable, unalienable, and indefeasible right to institute government; and to reform, alter, or totally change the same, when their protection, safety, prosperity, and happiness require it.

    John Adams, Thoughts on Government, 1776

  5. #4
    Well duh. SO of course that means it can't happen.

  6. #5
    Quote Originally Posted by FrankRep View Post
    China: You owe us money, don't default.

    NO, it's... "Get your economy/country in order so you'll buy our stuff or we'll dump all our US Bonds and Treasuries held and destroy your currency.

    China, "We still have Europe, Asia, Africa, and South America if you clowns want to play games."
    The American Dream, Wake Up People, This is our country! <===click

    "All eyes are opened, or opening to the rights of man, let the annual return of this day(July 4th), forever refresh our recollections of these rights, and an undiminished devotion to them."
    Thomas Jefferson
    June 1826



    Rock The World!
    USAF Veteran

  7. #6
    Banned


    Blog Entries
    8
    Posts
    2,939
    Join Date
    Dec 2010
    Quote Originally Posted by FrankRep View Post
    China: You owe us money, don't default.


    China: You owe us money, don't default.
    US: Watch it, we have the strongest military kill machine in the world
    China: You watch it, if we shutdown all our exports, your economy will collapse. Stop spending like drunk sailors
    US: We have to spend to stimulate economy and to fund freedom wars in 6 plus countries, TSA and other programs
    China: Whatever, don't even think of defaulting.. we have strong internet invasion army
    US: Oh..

  8. #7
    Isn't the Chinese currency based on USA currency ?

  9. #8
    What was that old, obsolete phrase? 'Backed by the full credit and faith of the United States of America,' if I remember correctly. I remember when Republicans actually valued that concept...
    Quote Originally Posted by DamianTV View Post
    Define Terrorist please.

    According to, well, pretty much both political parties, the other party is now guilty of Terrorism.
    Listening to the mainstream media is like standing under a power line when the birds are migrating.



  10. Remove this section of ads by registering.
  11. #9
    The World is now owned by Creditors.

    Those would be Creditors are the very same Banks that printed up the money you used to acquire your belongings to begin with. Its not just the dollar. Every form of Currency now represents some elses debt to someone else. The mere fact that it has not been repaid is what puts that Currency (whatever its form, Dollar Bill, Paycheck, or Digital) in your hands to begin with. But, that fiat paper money has a string attached to it. An invisible string that most people can't see. Like a fish that finds a worm often doesn't pay attention to the fish hook and fishing line that it is attached to. The fact that the fiat currency even exists means that it has to be repaid at some point. And now the Banks are reeling in their catch. They caught you, and everything that anyone used their Fiat Currency for. They own everything. And all it took was for them to back real money with nothing.

    The Banks now own everything. If we do not remove the power of the Banks to create Currency backed by nothing, it doesn't matter what we do. If we take it all back right now by force, and leave them with the power to sign money into existence, they will just buy it all back from us again, and again, and again. This cycle is what enslaves nearly every human being on the planet to a small group of dominant men who want nothing more than to control everything in existence. The cycle must be broken.
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.

  12. #10
    Quote Originally Posted by DamianTV View Post
    The World is now owned by Creditors.

    Those would be Creditors are the very same Banks that printed up the money you used to acquire your belongings to begin with. Its not just the dollar. Every form of Currency now represents some elses debt to someone else. The mere fact that it has not been repaid is what puts that Currency (whatever its form, Dollar Bill, Paycheck, or Digital) in your hands to begin with. But, that fiat paper money has a string attached to it. An invisible string that most people can't see. Like a fish that finds a worm often doesn't pay attention to the fish hook and fishing line that it is attached to. The fact that the fiat currency even exists means that it has to be repaid at some point. And now the Banks are reeling in their catch. They caught you, and everything that anyone used their Fiat Currency for. They own everything. And all it took was for them to back real money with nothing.

    The Banks now own everything. If we do not remove the power of the Banks to create Currency backed by nothing, it doesn't matter what we do. If we take it all back right now by force, and leave them with the power to sign money into existence, they will just buy it all back from us again, and again, and again. This cycle is what enslaves nearly every human being on the planet to a small group of dominant men who want nothing more than to control everything in existence. The cycle must be broken.
    Well put!
    +rep
    http://www.amazon.com/Theft-Sovereig...4206087&sr=1-1

    For the last hundred years the fragile fabric of American liberty has been under siege.

    Astounding findings by our very own elected officials have time and time again been suppressed to fall on deaf ears.

    Read all about it in "Theft of Sovereignty" my new paperback 268 pgs.

  13. #11
    Quote Originally Posted by DamianTV View Post
    The World is now owned by Creditors.

    Those would be Creditors are the very same Banks that printed up the money you used to acquire your belongings to begin with. Its not just the dollar. Every form of Currency now represents some elses debt to someone else. The mere fact that it has not been repaid is what puts that Currency (whatever its form, Dollar Bill, Paycheck, or Digital) in your hands to begin with. But, that fiat paper money has a string attached to it. An invisible string that most people can't see. Like a fish that finds a worm often doesn't pay attention to the fish hook and fishing line that it is attached to. The fact that the fiat currency even exists means that it has to be repaid at some point. And now the Banks are reeling in their catch. They caught you, and everything that anyone used their Fiat Currency for. They own everything. And all it took was for them to back real money with nothing.

    The Banks now own everything. If we do not remove the power of the Banks to create Currency backed by nothing, it doesn't matter what we do. If we take it all back right now by force, and leave them with the power to sign money into existence, they will just buy it all back from us again, and again, and again. This cycle is what enslaves nearly every human being on the planet to a small group of dominant men who want nothing more than to control everything in existence. The cycle must be broken.
    Very well said. I owe you one.
    "Everyone who believes in freedom must work diligently for sound money, fully redeemable. Nothing else is compatible with the humanitarian goals of peace and prosperity." -- Ron Paul

    Brother Jonathan

  14. #12
    Hell, I thought I was stating the obvious!

    I guess obvious to us is not as obvious to people that havent really figured out what is going on. People in general seem to think that Taxes only come when the goverment takes a certain Quantity (regardless of its value) from their paychecks. But when the government prints money out of nothing, spends it into existence, that it is also a form of taxation on the Value (regardless of the quantity) of their money. When they get taxed on the Quantity, they know its the government, but tax the Value of the money (inflation, print money into existence) people cant seem to figure that out. But really, for this crowd, I am preaching to the choir.

    But maybe that is a simpler way to put it.

    Direct Taxation is Taxation on the Quantity of Money.
    Inflation Taxation is Taxation on the Value of the Money, which causes that value to drop.

    ---

    Anyway, you owe me one? Well, Im broke, I need to collect! :P
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.

  15. #13
    What the hell was China even thinking loaning us all that money in the first place? That's a pretty $#@!ing dumb investment, like loaning a thousand dollars to a cokekhead and expecting him to spend it in such a way that he can pay you back.

    Also...

    China: YOU PAY NOW!! NOW!!!
    Bart: What happened to you China, you used to be cool?
    China: CHINA STILL COOL!! YOU PAY LATER!!! LATER!!!!
    The main difference between the right and the left is that a right wing politician claims to protect your economic freedom, but does not, whereas a left wing politician claims to protect your social/personal freedom, but does not.

    weak minds follow, conventional minds lead, great minds question

  16. #14
    Quote Originally Posted by Freedom 4 all View Post
    What the hell was China even thinking loaning us all that money in the first place? That's a pretty $#@!ing dumb investment, like loaning a thousand dollars to a cokekhead and expecting him to spend it in such a way that he can pay you back.

    Also...

    China: YOU PAY NOW!! NOW!!!
    Bart: What happened to you China, you used to be cool?
    China: CHINA STILL COOL!! YOU PAY LATER!!! LATER!!!!
    Perhaps they thought they would be able to make the regime a debt slave...something of a miscalculation, considering that a huge chunk of the debt is spent on things that go BOOM.

    WTF was the Chinese central bank thinking in making so many bad loans to the regime? /curious
    Last edited by heavenlyboy34; 06-09-2011 at 07:39 PM.
    Quote Originally Posted by Torchbearer
    what works can never be discussed online. there is only one language the government understands, and until the people start speaking it by the magazine full... things will remain the same.
    Hear/buy my music here "government is the enemy of liberty"-RP Support me on Patreon here Ephesians 6:12

  17. #15
    Quote Originally Posted by Travlyr View Post
    Very well said. I owe you one.
    Got him for ya.

  18. #16
    Banned


    Blog Entries
    8
    Posts
    2,939
    Join Date
    Dec 2010
    Quote Originally Posted by DamianTV View Post
    The World is now owned by Creditors.

    Those would be Creditors are the very same Banks that printed up the money you used to acquire your belongings to begin with. Its not just the dollar. Every form of Currency now represents some elses debt to someone else. The mere fact that it has not been repaid is what puts that Currency (whatever its form, Dollar Bill, Paycheck, or Digital) in your hands to begin with. But, that fiat paper money has a string attached to it. An invisible string that most people can't see. Like a fish that finds a worm often doesn't pay attention to the fish hook and fishing line that it is attached to. The fact that the fiat currency even exists means that it has to be repaid at some point. And now the Banks are reeling in their catch. They caught you, and everything that anyone used their Fiat Currency for. They own everything. And all it took was for them to back real money with nothing.

    The Banks now own everything. If we do not remove the power of the Banks to create Currency backed by nothing, it doesn't matter what we do. If we take it all back right now by force, and leave them with the power to sign money into existence, they will just buy it all back from us again, and again, and again. This cycle is what enslaves nearly every human being on the planet to a small group of dominant men who want nothing more than to control everything in existence. The cycle must be broken.
    That is shocking.
    So what does it take to be a banker, can anyone with a shiny building and printing press can start a big bank?



  19. Remove this section of ads by registering.
  20. #17
    Quote Originally Posted by doodle View Post
    China: You owe us money, don't default.
    US: Watch it, we have the strongest military kill machine in the world
    China: You watch it, if we shutdown all our exports, your economy will collapse. Stop spending like drunk sailors
    US: We have to spend to stimulate economy and to fund freedom wars in 6 plus countries, TSA and other programs
    China: Whatever, don't even think of defaulting.. we have strong internet invasion army
    US: Oh..
    ^that is the single greatest and most hilarious, sad but true thing I've ever read on this forum. Lol. Cheers.

  21. #18
    Banned


    Blog Entries
    8
    Posts
    2,939
    Join Date
    Dec 2010
    Quote Originally Posted by PermanentSleep View Post
    ^that is the single greatest and most hilarious, sad but true thing I've ever read on this forum. Lol. Cheers.
    Well thank you

  22. #19
    Quote Originally Posted by Freedom 4 all View Post
    What the hell was China even thinking loaning us all that money in the first place? That's a pretty $#@!ing dumb investment, like loaning a thousand dollars to a cokekhead and expecting him to spend it in such a way that he can pay you back.

    ...
    I think they loaned us the money to begin with because they expected that eventually we would not be able to pay it back. The Cokehead that was lent the money also drives some pretty nice cars. So when the default occurs, they the cars back. But they did get something else of value. The effort it took to make partial payments. Since money itself can just be printed up from nothing, it doesnt really have value, but as a tool used to deprive the one who borrowed the valueless fiat currency to begin with, that is where its real power lies. And it can only be described with the simplest of terms.

    THEFT.
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.

  23. #20
    Quote Originally Posted by Anti Federalist View Post
    Got him for ya.
    Much obliged.
    "Everyone who believes in freedom must work diligently for sound money, fully redeemable. Nothing else is compatible with the humanitarian goals of peace and prosperity." -- Ron Paul

    Brother Jonathan

  24. #21
    Banned


    Blog Entries
    8
    Posts
    2,939
    Join Date
    Dec 2010
    Quote Originally Posted by acptulsa View Post
    What was that old, obsolete phrase? 'Backed by the full credit and faith of the United States of America,' if I remember correctly. I remember when Republicans actually valued that concept...
    That was way way before we started spreading our faith in freedom in Iraq.



Similar Threads

  1. Answer to "If we don't raise the debt ceiling, we'll default!"
    By malkusm in forum U.S. Political News
    Replies: 16
    Last Post: 10-16-2013, 12:26 PM
  2. Replies: 3
    Last Post: 07-20-2011, 12:17 PM
  3. Ron Paul: Debt Ceiling Drama "We Default Every Day"
    By Lucille in forum U.S. Political News
    Replies: 0
    Last Post: 07-18-2011, 01:56 PM
  4. Geithner's letter to Treasury: "raise debt limit or U.S. will default"
    By The Freethinker in forum Economy & Markets
    Replies: 24
    Last Post: 03-02-2011, 12:10 AM
  5. Replies: 0
    Last Post: 02-10-2009, 09:42 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •