American Economics Thread


emblem21

Senior Member
Registered Member
How reliable is this information? Also, if it's true, will China cave in and lend them money? In my opinion, after all lies and harm the US has done to China (Uighur genocide, Hong Kong, etc), the US should be left to rot, they don't deserve any mercy.
Unfortunately the USA government has put the nation into this position and now they need real help, but unfortunately, is it in any nations true interest to help the USA considering that they always end up backstabbing those that help them, like China was backstabbed in the 2008 crisis. Either the USA actually gives China something worth a damn, or that can just go right ahead and default themselves to death and send the entire nation into irreversible poverty so that the people of the usa make the real decision to either clean the slate by getting rid of their leadership permanently or simply go right ahead and simply perish. Either option is going to hurt and this time it may become permanent
 

Overbom

Junior Member
Registered Member
"Transitory" lol

This is going the same way as "15 days to slow the curve" to now "We have run out of patience, all employees at companies more than 100 people MUST take the mandatory vax asap!"
Lies.
Life is also transitory.
The Universe is also transitory
In fact, everything is transitory

I hope people dont continue to blame the god-saviour FED's Powell when he says that inflation is transitory
 

steel21

Junior Member
Registered Member
Unfortunately the USA government has put the nation into this position and now they need real help, but unfortunately, is it in any nations true interest to help the USA considering that they always end up backstabbing those that help them, like China was backstabbed in the 2008 crisis. Either the USA actually gives China something worth a damn, or that can just go right ahead and default themselves to death and send the entire nation into irreversible poverty so that the people of the usa make the real decision to either clean the slate by getting rid of their leadership permanently or simply go right ahead and simply perish. Either option is going to hurt and this time it may become permanent
If I was Xi, the real trick is not to save them or let the advisory die out, but to keep them weak and coming back for more "salvation".

So give them just enough to barely get by, but also damaging their credit and prestige, no more than 5-10%. Then, 1-2 months later, they have to come back for more. I imagine that is how Don (Vito) Corleone would do it.

Each time they come back the price goes up 30%.

Before you know it, Taiwan would be offered on a platter.

Even then I would still do a military takeover, if only for a show of force and humiliation to regional US interests.

In the end, US will lose its global primacy, but the time line will be extended from a month to 3 years, easing the transition, in my favor.
 

siegecrossbow

Lieutenant General
Staff member
Super Moderator
Lies.
Life is also transitory.
The Universe is also transitory
In fact, everything is transitory

I hope people dont continue to blame the god-saviour FED's Powell when he says that inflation is transitory

If he didn’t maintain that the inflation was transitory then the stock market would have ranked and all the QEs would’ve been for nothing.
 

B.I.B.

Captain
Please make of this what you will.

AS FORWARDED TO ME :

Yesterday , the Chairperson of the Reserve Bank of USA , Yelen , who is like our Governor of Central Bank , quietly and without any fanfare flew to Beijing , China to have unofficial discussion on monetary matters ! What is actually the urgent matter is everybody’s guess . But officially Yelen announced that the US Treasury is running out of Cash ! Yes , Cash !!! And she indicated that if Congress does not increase the limit of loans the Govt is allowed to raise , there is no money to spend by November this year . In short , the US Govt is broke ! And needs to borrow more or print more money !!! But why the trip to China ??? On record , China has Foreign Reserves of equivalent to USD 3.2 Trillions !!! Of this about USD 1.4 Trillion in US Dollars or USD IOU Notes ! I suspect the Redemption Dates of some of the IOU Notes are due and the interest on other IOUs needs to be paid on the due dates .These payments perhaps need some negotiations as US is short of funds !!!??? Can you imagine that ??? If this is the situation , the powerful ,rich and master of the world nation is broke ! It actually owes everybody else some USD 28 Trillions if I am not mistaken . And they need to spend some USD 3+Trillions more under the forthcoming domestic infrastructure repairs , and improvements programme ! The signs are bad ! China has become the Ah Long (Money) lender now to USA !!!
Well they won't be spending $300 million a day on Afghanistan now, so how many billions can one borrow with that money.
 

Gatekeeper

Brigadier
Registered Member
Well they won't be spending $300 million a day on Afghanistan now, so how many billions can one borrow with that money.

$300 million per day sounds alot, but it worked out at $110 billion per year. The us problems is they requires Trillions of dollars to repay debts that's due. Most of these owed to China. Which is why US is desperate to talk to China about.

Getting China to roll over their debt by purchase more debt. It would be unheard of for U.S. to default.
 

Gatekeeper

Brigadier
Registered Member
"Transitory" lol

This is going the same way as "15 days to slow the curve" to now "We have run out of patience, all employees at companies more than 100 people MUST take the mandatory vax asap!"

This is huge. We haven't seen 5.3% on living memory. This on top of 5.4% in july. And it's going to get worse. At best, it will stabilised at 5%. But with all the QE and money printing and borrowing requirements needed to fulfil military and infrastructure spending and stimulus. I fear it's going to get worse.

Even at this rate. US will see the value of their dollar halved in 15 years. Damn where's sleepy when you want him? Lol

US consumer prices up 5.3% in August, in line with expectation​

Core consumer prices, excluding food and energy, up 4% year-on-year​

Ovunc Kutlu |14.09.2021
 

Top