Thread: America Today

The McRib is back, so we've got that going for us...

Originally Posted by Big Smoothy

Exaggerated, hype, or real? What's your opinion? True, not everyone acts like this, but how many "think" like this. What issues does our nation faces....?

And I'd like to know, how many of those people actually own their own homes?

Can you all remember when this economic disaster was first befallen on us, and the dunderhead in chief(the one responsible) simply said go out and shop!

These are the dupes he knew would follow.

It isn't the madness of a lost society. It is the failure of a species.

Originally Posted by KelJu

It isn't the madness of a lost society. It is the failure of a species.

due to lack of Education.

Of course China and Russia denounce the USD...but one of them still buys our debt b/c they have no safer place to put their money

Originally Posted by Dark Geared God

due to lack of Education.

I think it's due to disoriented values and that lack of education is a secondary cause. Perhaps the video is hype but I do think Americans are becoming soft bellied.

The vidi is spot on/

Originally Posted by vortrit

The McRib is back, so we've got that going for us...

Originally Posted by troubador

I think it's due to disoriented values and that lack of education is a secondary cause. Perhaps the video is hype but I do think Americans are becoming soft bellied.

i think u might be right on your first point (2) most are battle harden like me

Originally Posted by lnvanry

Of course China and Russia denounce the USD...but one of them still buys our debt b/c they have no safer place to put their money

I'm no expert on this Invanry,

but China keeps buying US t-bills (debt) because it keeps the Chinese RMB cheaper compared to the US dollar.

Don't know how it works, but it's a major reason for China's large US treasury holdings.

The Chinese invest in the $ because, unlike us, they run budget surpluses and there is simply no safer place to put those reserves, for now. Where else are the gonna out it, the Russian Ruble or the Euro? But, we've probably just about maxed out our credit line with them. If they have any sense, they'll cut us off soon until we start to retire some of the debt, or at least stop borrowing to pay interest. At this point, it's like continuing to serve booze to a raging alcoholic.

Originally Posted by Big Smoothy

Exaggerated, hype, or real? What's your opinion? True, not everyone acts like this, but how many "think" like this. What issues does our nation faces....?

there is no doubt that our wealth driven society here in the US is very "sick" and people are obsessed with acquiring things that I guess they think will make them fell happy, etc.

in terms of general knowledge over many years I have found that many know very little about most things and just enough to get their own job done. not many people aim high today.

Originally Posted by Big Smoothy

I'm no expert on this Invanry,

but China keeps buying US t-bills (debt) because it keeps the Chinese RMB cheaper compared to the US dollar.

Don't know how it works, but it's a major reason for China's large US treasury holdings.

Thats an effect, but not the driving reason...when the world buys more Tbills the demand is increased thus raising placing upward pressure on the USD relatively to the RMB...I'm sure the PRC requires its citizens to change out USD for RMB while the PRC gov't stashed the USD out of domestic circulation.

This ancillary effect is not the reason why the PRC invests in Tbills. They invest in Tbills (like the rest of 75% of the world) b/c its the more readily accepted and safest option for current account savings. There is a reason why some many countries peg their currency to the USD and the Euro or Yen.

Originally Posted by GearsMcGilf

The Chinese invest in the $ because, unlike us, they run budget surpluses and there is simply no safer place to put those reserves, for now. Where else are the gonna out it, the Russian Ruble or the Euro? But, we've probably just about maxed out our credit line with them. If they have any sense, they'll cut us off soon until we start to retire some of the debt, or at least stop borrowing to pay interest. At this point, it's like continuing to serve booze to a raging alcoholic.

ditto