patrick.net

TwoScoopsOfSpaceForce says

Interesting take.

It's normal to keep a competitor down, or at least growing more slowly.

Hmm. If the poor and middle class regard the 1%ers as competitors, is it acceptable for them to use government to keep them down, or at least slow their growth? Maybe this should be a separate thread.

Gary Anderson says

So, Strategist, China and foreign nations own well over 40 percent of US debt. China is the largest foreign holder of US debt. It does not take much buying abstinence or selling to undermine the auctions and screw the collateral.

Gary Anderson says

Strategist says

China only owns 5% of the total federal debt. Don't tell Gary. He will just blame the Jews.

Here is my Jewish DNA, asswipe:

Here is proof:

https://www.marketwatch.com/story/heres-who-owns-a-record-2121-trillion-of-us-debt-2018-08-21

Strategist says

Here is proof:

https://www.marketwatch.com/story/heres-who-owns-a-record-2121-trillion-of-us-debt-2018-08-21

It isn't the amount already owned. It is the world not participating in US auctions. If nations refuse to participate, interest rates could go up. It is like tariffs. If tariffs are applied, or even if they aren't, the world could simply decide to no longer buy America. Trump is doing damage. We have 4.4 percent of the world population. Asia has 4.5 billion people. 4.5 billion customers. We are screwed if we lose all those customers. Trump is putting our nation in danger, not to mention more countries will no longer trade in dollars, making the reserve currency less attractive.

And Strategist, that article you cited had this as well:

The Chinese government or Chinese investors likely own even more U.S. debt purchased through entities in other countries such as Hong Kong, Luxembourg or the Cayman Islands, all of which are havens for tax shelters.

Gary Anderson says

It isn't the amount already owned. It is the world not participating in US auctions. If nations refuse to participate, interest rates could go up. It is like tariffs. If tariffs are applied, or even if they aren't, the world could simply decide to no longer buy America. Trump is doing damage. We have 4.4 percent of the world population. Asia has 4.5 billion people. 4.5 billion customers. We are screwed if we lose all those customers. Trump is putting our nation in danger, not to mention more countries will no longer trade in dollars, making the reserve currency less attractive.

If they don't buy US bonds, they won't have many other places to park their foreign exchange. Think they will buy Venezuela bonds?
As far as trade is concerned, relax. These trade wars are temporary. The outcome will be more fair trading with China, our rival.

Gary Anderson says

FortWayneIndiana says

Gary, guys like you said same things about Reagan and Soviet Union.

Ronald Reagan despised Donald Trump.

You are dodging the question there Gary. Because what you are proposing is "Surrender", and Trump is proposing Reagans policy of "Peace Through Strength". And by now we all know what wins.

FortWayneIndiana says

You are dodging the question there Gary. Because what you are proposing is "Surrender", and Trump is proposing Reagans policy of "Peace Through Strength". And by now we all know what wins.

Wrong. As Asia profits and grows, we would, before we pissed them off, grow in our trade with them. You don't understand that per capita, we sell way more to China than China sells to us.

Gary Anderson says

Stock market melted today. This may be the beginning.

It's always the beginning of something. And the end is always coming. I'm not sure what a 3% daily swing in the overall stock market indicates a beginning to anything. Isn't October typically a shit month for stocks anyway?

Forgot to ask this. And "what" exactly is beginning as well?

It indicates a major hurricane hit Florida.
Duh

China needs the US. We don't need China. We can make our own crap, or buy cheap crap from someone else.

Quigley says

It indicates a major hurricane hit Florida.
Duh

I presume China made the hurricane to get back at Trump?

Gary Anderson says

It is dangerous and we could very well see the end of civilization

Hurricane warfare? Or as my son likes to say Hurrcano (Hurricane and Volcano combined - scary shit there).

Gary Anderson says

Wrong. As Asia profits and grows, we would, before we pissed them off, grow in our trade with them. You don't understand that per capita, we sell way more to China than China sells to us.

LOL. The reverse is just as true. Per capita we buy way more from China than China buys from us.
What matters is excessive and chronic trade deficits. It needs to be cut down, and the best way to cut it down is by China buying more from us.

Gary Anderson says

People said the same thing about Japan. We do fine with Japan. China is no different.

This is so wrong.

I spent nearly two decades working in Asia, and China and Japan are about as different politically, economically, and culturally as can be. It's obvious to me that you are lacking some knowledge about our trade relationship with either country if you think "China is no different" than Japan.

Aphroman says

God smited the USA for the sins of the Republicans

And Democrats. God does not discriminate against political parties. Only Allah does that.

Obama should have gotten pot legalized in the first 2 years of his term with Dem control. It will eventually happen. I have no doubt Trump would sign a legalization bill either. He does what's popular. Most American's at minimum have no problems with pot and most have used it. Problem is your/our congress critters.

The pot lobby is coming though. It's been there for sure, but with money starting to really flow, it's only a matter of time. For fucks sake you can take morning glory seeds and trip off your ass after a quick trip to the home depot. Those haven't been outlawed yet.

www.aW1M62Zhffk