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Democrats don't understand Capitalism

By Goran_K following x   2019 Feb 11, 12:30pm 896 views   12 comments   watch   nsfw   quote     share    




This is a Yale grad btw who was on Obama's economic advisement team.
1   HEYYOU   ignore (31)   2019 Feb 11, 12:57pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

American Capitalism - $22,000,000,000,000 debt.

Losers - Those that can't pay off their debt,immediately & have to answer to someone else while constantly having to work.
2   OccasionalCortex   ignore (3)   2019 Feb 11, 2:16pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

HEYYOU says
American Capitalism - $22,000,000,000,000 debt.


Yeah, so? We'll just walk away when the time comes. Sucks to be the People's Bank of China, eh?
3   ForcedTQ   ignore (0)   2019 Feb 11, 3:13pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

OccasionalCortex says
HEYYOU says
American Capitalism - $22,000,000,000,000 debt.


Yeah, so? We'll just walk away when the time comes. Sucks to be the People's Bank of China, eh?


The concern I have is if we do that, what are the repercussions? They have 1.41 billion or so people, I'm sure they wouldn't mind loosing 400-600 million to a war if it took them that many to win control of mainland USA. Not sure if there are that many that would be capable of participating in a war, but how many does the US have right now? 50 million out of 325 million, MAYBE??? Sheer numbers not looking good?
4   Iranian_Oil_Burse   ignore (5)   2019 Feb 11, 3:17pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

ForcedTQ says
OccasionalCortex says
HEYYOU says
American Capitalism - $22,000,000,000,000 debt.


Yeah, so? We'll just walk away when the time comes. Sucks to be the People's Bank of China, eh?


The concern I have is if we do that, what are the repercussions? They have 1.41 billion or so people, I'm sure they wouldn't mind loosing 400-600 million to a war if it took them that many to win control of mainland USA. Not sure if there are that many that would be capable of participating in a war, but how many does the US have right now? 50 million out of 325 million, MAYBE??? Sheer numbers not looking good?


Crossing the ocean would be a bitch though. Fish will be well-fed and happy for many-many month....
5   MrMagic   ignore (11)   2019 Feb 11, 3:38pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

Hugolas_Madurez says
Crossing the ocean would be a bitch though. Fish will be well-fed and happy for many-many month....


That's just a minor technical detail.

6   Tenpoundbass   ignore (14)   2019 Feb 11, 4:16pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

They demand Robber Barons, and Monopolies, then call it the best Capitalism can be.
And then use it as the Gold Standard to inject why Socialism is better. I have an annoying friend I've mentioned already today, that does that.

Cenk Uygur Fucked that guy up.
7   steverbeaver   ignore (1)   2019 Feb 11, 7:08pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Reich conveniently left out government-directed flow of cash through people that matter. I doubt that was a simple oversight.
8   Rin   ignore (3)   2019 Feb 11, 7:13pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Ppl, if you want socialism, you have to fully automate, some 80+% of ALL white collar jobs out there.

Until that occurs, our current system still works.
9   Hircus   ignore (0)   2019 Feb 11, 7:47pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

OccasionalCortex says
Yeah, so? We'll just walk away when the time comes. Sucks to be the People's Bank of China, eh?


Surprising to most people, we don't owe much to China.




Most of our debt is owed to ourself.
10   HeadSet   ignore (1)   2019 Feb 11, 7:47pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

They have 1.41 billion or so people, I'm sure they wouldn't mind loosing 400-600 million to a war if it took them that many to win control of mainland USA.

Like Khrushchev told Mao- "It does not mater that you can field 200 divisions. The Americans can take that out with one missile."
11   ForcedTQ   ignore (0)   2019 Feb 11, 8:29pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

HeadSet says
They have 1.41 billion or so people, I'm sure they wouldn't mind loosing 400-600 million to a war if it took them that many to win control of mainland USA.

Like Khrushchev told Mao- "It does not mater that you can field 200 divisions. The Americans can take that out with one missile."


Very true. Currently their technology is catching up, if not coming close to matching ours in standoff warfare. I am sure we would have economic warfare/currency battles that would occur (more so than is already going on) that would most likely conclude in satisfying the Chinese' interest in that debt before a shot is actually fired. The level of risk to reward in armed conflict over $1.18 trillion just isn't there when you consider the sheer magnitude of currency in debted outstanding and in circulation in the world today.
12   ThreeBays   ignore (0)   2019 Feb 11, 8:38pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

So Hircus says
OccasionalCortex says
Yeah, so? We'll just walk away when the time comes. Sucks to be the People's Bank of China, eh?


Surprising to most people, we don't owe much to China.




Most of our debt is owed to ourself.


$8 trillion owned by Fed & Government?


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