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Old 01-25-2013, 07:19 AM #64
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Quote:
Originally Posted by yesme View Post
anything but stupid one liners to add or just tired of jerking off to gay porn tonight?
I have watched you flounder like an idiot in numerous threads on a subject matter in which I make my living. I can only imagine how poorly you grasp and apply the concepts of economics.

I don't know why anyone bothers responding to your posts with any serious content. You are a joke.
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Old 01-25-2013, 08:23 AM #65
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Originally Posted by AlphaNeo36 View Post
It seems you aren't aware but you're not arguing with LTK's opinion. Federal agencies, even independent institutions like the Fed, are classified as Executive agencies with a couple exceptions like the Library of Congress. This is how they are viewed in reality.
Show me one instance where the Fed has been classified as an executive agency.

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Originally Posted by TheSilentAssassin View Post
No it doesn't matter because it's just an investment. The most they can do it make a moderate profit from it. We can give our debt to drug lords and terrorists and it wouldn't matter. There is nothing they could do.

What do you think North Korea could do by holding our debt via shell corps?
It does not matter what they do with it. it matters that we OWE it. Basically they gave us $100, we spent it on stupid ****, now we have to pay back $105 and we have $0 of it because we are $16T in debt and run $1T deficits every year. So now we resort to raising the debt ceiling, borrow more, and pay off old investors with new investors.
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Old 01-25-2013, 09:39 AM #66
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http://www.usa.gov/Agencies/Federal/Executive.shtml
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Old 01-25-2013, 09:46 AM #67
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Originally Posted by AlphaNeo36 View Post
Interesting. I guess if you look at it as part of the government you would have to classify it somewhere.
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Old 01-25-2013, 10:40 AM #68
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Really, any institution with the burden to carry out law is seen as an executive agency (which is like 98%) unless otherwise specified. Like the Library of Congress, it is ran by Congress for Congress so it's a legislative agency.
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Blake360: in highschool, my teacher's father worked for the CIA and she brought my class documents proving the Roswell crash was of extraterrestrial origin.
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Old 01-25-2013, 12:25 PM #69
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Originally Posted by benji25 View Post
It does not matter what they do with it.
But he was saying it does. So we agree?

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Originally Posted by benji25 View Post
It does not matter what they do with it. it matters that we OWE it. Basically they gave us $100, we spent it on stupid ****, now we have to pay back $105 and we have $0 of it because we are $16T in debt and run $1T deficits every year. So now we resort to raising the debt ceiling, borrow more, and pay off old investors with new investors.
We have discussed 100 times how silly this is.
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Old 01-25-2013, 12:42 PM #70
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Quote:
Originally Posted by TheSilentAssassin View Post
But he was saying it does. So we agree?



We have discussed 100 times how silly this is.
In terms of it being given authority by the government, yes. In terms of it functioning it has nothing to to with the government.

And that is not silly. That is what is happening. And your solution was not even possible.
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Old 01-25-2013, 02:03 PM #71
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Originally Posted by TheSilentAssassin View Post
No it doesn't matter because it's just an investment. The most they can do it make a moderate profit from it. We can give our debt to drug lords and terrorists and it wouldn't matter. There is nothing they could do.

What do you think North Korea could do by holding our debt via shell corps?
replace the word china with north korea shell funds.....

Quote:
China is officially the United States' biggest foreign creditor, with roughly $900 billion in Treasury holdings -- or over $1 trillion with Hong Kong's holdings included.

That means it could do severe damage to U.S. debt markets if it suddenly started selling large amounts.

http://www.reuters.com/article/2011/...70H5NX20110118
now what were you saying about how they can not do anything?
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Old 01-25-2013, 02:27 PM #72
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Originally Posted by yesme View Post
replace the word china with north korea shell funds.....

now what were you saying about how they can not do anything?
Edit: Bloomberg says it better.
http://www.bloomberg.com/news/2012-0...agon-says.html
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Old 01-25-2013, 02:28 PM #73
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Also explain the motive China would have in destroying the country who's industries employ a huge portion of their population.
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Old 01-25-2013, 02:30 PM #74
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Originally Posted by Space Pope View Post
Also explain the motive China would have in destroying the country who's industries employ a huge portion of their population.
Short term goal: cease our steel chair production

Long term goal: destroy our steel chair industry
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Old 01-25-2013, 02:46 PM #75
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Originally Posted by TheSilentAssassin View Post
LOLOLOLOLOLOLOLOLOLOLOLOL

This is from the same pentagon that said jet planes would never be used as missiles and then they got smacked in the side with one of them?


LOLOLOLOLOLOLOLOLOLOLOL

Man you guys, confirmation bias like a mofo.
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Old 01-25-2013, 02:48 PM #76
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Also explain the motive China would have in destroying the country who's industries employ a huge portion of their population.
No need to, i never said china would, just that it is possible and it would hurt if they did.

Agree or not?
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Old 01-25-2013, 02:54 PM #77
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Originally Posted by yesme View Post
LOLOLOLOLOLOLOLOLOLOLOLOL

This is from the same pentagon that said jet planes would never be used as missiles and then they got smacked in the side with one of them?


LOLOLOLOLOLOLOLOLOLOLOL

Man you guys, confirmation bias like a mofo.
Uh... I though you said they faked that?

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No need to, i never said china would, just that it is possible and it would hurt if they did.

Agree or not?
1. They wouldn't do anything that would potentially harm their/the US economy.

2. No.

3. You are really not smart. At all.

4. One you add an additional degree of freedom your metal chair universe model falls apart.
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Old 01-25-2013, 02:58 PM #78
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Originally Posted by yesme View Post
LOLOLOLOLOLOLOLOLOLOLOLOL

This is from the same pentagon that said jet planes would never be used as missiles and then they got smacked in the side with one of them?


LOLOLOLOLOLOLOLOLOLOLOL

Man you guys, confirmation bias like a mofo.
If you read the article, you would see it had numerous people agreeing AND IT JUST MAKES SENSE. The point is that their argument is logical not because of who said it but because it is.

1) China would never want to stop buying our debt.
2) Even if they did it would hurt them much more than it would us.
3) We could easily find people to replace them. Japan had more of our debt than China until 2007.
4) This is stupid as ****/

Quote:
Originally Posted by yesme View Post
No need to, i never said china would, just that it is possible and it would hurt if they did.

Agree or not?
Walk me through how China would go about dumping that much debt quick enough to matter (they can't).
Explain to me how that would hurt our economy (it wouldn't).
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Last edited by TheSilentAssassin : 01-25-2013 at 03:00 PM.
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Old 01-25-2013, 03:56 PM #79
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the moral of the story is that the government spends way too much damn money and our economy doesnt make enough to support it.
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Old 01-25-2013, 03:57 PM #80
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the moral of the story is that the government spends way too much damn money and our economy doesnt make enough to support it.
That is not at all what we are talking about. Don't derail conversations. We are talking about the absurd notion that a country could collect a lot of our debt and use it as a weapon to destroy our economy.
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Old 01-25-2013, 04:10 PM #81
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we were talking about our national debt and gdp earlier and then moved to whether or not the executive branch included the reserve werent we?

However, on what you said.... a country COULD hold us in chains using our debt. Mainly speaking about China of course, but China would never risk losing its largest trading partner for that, unless of course we owed them trillions or something ridiculously higher than we do now.
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Old 01-25-2013, 04:12 PM #82
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I'm not going to go read the last page to you. Yesme asserted that somehow China could use it's 8% of our debt to crush our economy. I want to know how.
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Old 01-25-2013, 04:32 PM #83
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I'm not going to go read the last page to you. Yesme asserted that somehow China could use it's 8% of our debt to crush our economy. I want to know how.
Ah yes I see we owe China about $1.2 trillion and Japan a little under $1 trillion. Well I suppose they could simply say "USA must begin paying us back or else imports and exports to the United States will be halted and those supplies will begin to be diverted to other nations."

Something along those lines, except that would never happen any time soon as we are their biggest trade partners.
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Old 01-25-2013, 04:49 PM #84
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Well I suppose they could simply say "USA must begin paying us back or else imports and exports to the United States will be halted and those supplies will begin to be diverted to other nations."
Kind of like when you have a contract for sale that states "X amount is due to seller on Y date" and the seller can just demand the contracted amount at any time prior to Y date.

No, that's not how it works.
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