The Chinese government could offer to lend up to $500bn (from its current stock of $1,800bn) to the US government for the rescue of its financial sector. Its previous assistance – buying US bonds – was indirect and unconditional. Not so in this case.
China’s loan offer would be direct to the US government to be spent in the current financial crisis. More important, it would come with strings attached. Tied aid, the preferred mode of operation of western donors since the postwar period, would now be embraced by China.
when obama gets in I'm sure he will embrace the masters of communism
The Chinese government could offer to lend up to $500bn (from its current stock of $1,800bn) to the US government for the rescue of its financial sector. Its previous assistance – buying US bonds – was indirect and unconditional. Not so in this case.
China’s loan offer would be direct to the US government to be spent in the current financial crisis. More important, it would come with strings attached. Tied aid, the preferred mode of operation of western donors since the postwar period, would now be embraced by China.
when obama gets in I'm sure he will embrace the masters of communism
A concerted dollar devalueation is certain. Its not an uncommon cure for nations cracking under the weight of their own debt.
We have (as a nation) never spent as much, as loosely.... with a less than zero return for the nation. (Of course thay're has been a nice little return for the Oil Producing nations, and the Oil Company Shareholders... and lest we forget to mention Halliburton and a few defense contractors as well.) Certainly less than 1% of US Citizens have benefitted from the TRILLIONS this administration has spewed from our collective pores.
Beck is correct, there may be a new world order. But long before that happens... we will see the cremation of the ; and a new currency will be born; The Amero; A Canadian, Mexican, and yes, US of A, joint currency. And if the Canucks get the 1 to 1 ratio for the new currency, we'll be lucky to get 1 for every 2 US $.
And again, of course the responsibility of this predicament must certainly fall on them fkn tax and spend Dems. When slick Willy was getting a tune hummed on his God-given Saxophone by a chubby intern, this economic devastion became inevitable. The writing was on the wall, or on Monica's little red dress if you prefer.
Just so we dont lose sight of the real reasons for our current economic clusterfk... and whats really important.
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A concerted dollar devalueation is certain. Its not an uncommon cure for nations cracking under the weight of their own debt.
We have (as a nation) never spent as much, as loosely.... with a less than zero return for the nation. (Of course thay're has been a nice little return for the Oil Producing nations, and the Oil Company Shareholders... and lest we forget to mention Halliburton and a few defense contractors as well.) Certainly less than 1% of US Citizens have benefitted from the TRILLIONS this administration has spewed from our collective pores.
Beck is correct, there may be a new world order. But long before that happens... we will see the cremation of the ; and a new currency will be born; The Amero; A Canadian, Mexican, and yes, US of A, joint currency. And if the Canucks get the 1 to 1 ratio for the new currency, we'll be lucky to get 1 for every 2 US $.
And again, of course the responsibility of this predicament must certainly fall on them fkn tax and spend Dems. When slick Willy was getting a tune hummed on his God-given Saxophone by a chubby intern, this economic devastion became inevitable. The writing was on the wall, or on Monica's little red dress if you prefer.
Just so we dont lose sight of the real reasons for our current economic clusterfk... and whats really important.
You mean the Bush family and their Saudi relatives????
...and, yes...why do you think that Cheney chose himself to be the Vice-President?......Why when he found out from Junior that Junior was gonna go and kill Hussein and take their oil...that was the #1 topic on Junior's agenda at his first NSC meeting...8 months before 9/11.
BOTH SIDES DUDE.....deal with it.
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Lonetree...
OIL???????
You mean the Bush family and their Saudi relatives????
...and, yes...why do you think that Cheney chose himself to be the Vice-President?......Why when he found out from Junior that Junior was gonna go and kill Hussein and take their oil...that was the #1 topic on Junior's agenda at his first NSC meeting...8 months before 9/11.
And if the Canucks get the 1 to 1 ratio for the new currency, we'll be lucky to get 1 for every 2 US $.
How do you figure this?
Even though these currency exchange rates try to tell otherwise, i beg to differ. Unless you really believe that the US would just sit back and let that happen. I would say that we would be valuing it based on what a unit of currency produces in any country, i would think that USD would still be strongest, no WAY half the value of a canadian dollar
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And if the Canucks get the 1 to 1 ratio for the new currency, we'll be lucky to get 1 for every 2 US $.
How do you figure this?
Even though these currency exchange rates try to tell otherwise, i beg to differ. Unless you really believe that the US would just sit back and let that happen. I would say that we would be valuing it based on what a unit of currency produces in any country, i would think that USD would still be strongest, no WAY half the value of a canadian dollar
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; and a new currency will be born; The Amero; A Canadian, Mexican, and yes, US of A, joint currency. And if the Canucks get the 1 to 1 ratio for the new currency, we'll be lucky to get 1 for every 2 US $.
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