OK- "Ameristalker" ???? - I raise a point about the US having some dependancy on foreign lending and now I'm a stalker ???? ROFLMAO.
From SOB
and I don't need to feel offended to point out the irony of your thread.
Irony - "The use of words to express something different from and often opposite to their literal meaning. " - Tell me where the irony is - I meant what I said.
Frankly, I take you about as seriously as any of the idiots who jump at the chance to point out that Europeans somehow owe us something because we "saved you from the Germans" in WWII.
Well I'm glad you view those threads the same way I do - it's what triggered my response to the last one. In that respect then as my comments were not aimed at you so I fail to understand why you've responded so vitriolically or to pitch in at all ? I'll put it down to fishing.
To those that consider the thread idiotic and stupid - perhaps you'd like to say how YOU think having 23% or your countries borrowing in the hands of governments like China is intelligent??
Lasersailor
We don't just go to a foreign country with treasury bonds. People have to want to buy them. Often private people, sometimes corporations.
They don't buy a peice of paper and that's it - it's a loan with a garauntee to repay with interest and yes actually you do go initially to foreign governments and see if they will take up bond issues but yes private investers can also take on bonds.
But what if the dollar continues to slide and these investers see the capital value declining not growing - what happens when they want to cash them in ??
Now SOB this is not aimed at you but I am interested in an answer from those who would say the US isn't dependant on anyone outside the borders (those partakers in the threads we hate). The US economy is hanging on borrowing and the fact that the lenders don't call in the loan - lenders like your good friend China. How would you say your personal financial security and that of your children is not in some part in the hands of outside interests ??
To repeat the point I was trying to make on the initial post - there seems to be a correlation between those on this BBS who believe the world owes some un-repayable debt to it for any freedom that exists and those on this BBS who feel the US has no dependancy on foreign countries. There are actually dependancies in both directions.
As a Brit with an American wife and daughter the bit I find worrying is that some of this debt is in the control of contries and corporations not necessarily friendly to either of us.
