dinin
New Member
Posts: 33
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Post by dinin on Mar 23, 2011 21:55:36 GMT -5
is this our futur?
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Post by Classicblast on Mar 23, 2011 22:43:35 GMT -5
It could be. Its very enlightening. That depends how hard Americans care to help our own cause for the next many decades.
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Post by Jersey on Mar 24, 2011 0:38:04 GMT -5
That one is going right into my favorites.
My only disagreement with it is that the date is far too late. I believe that by 2020 the United States will become the economic and industrial slave to China. If it hasn't happened already... The amount of U.S. debt that China owns is absolutely insane.
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Post by Classicblast on Mar 24, 2011 23:54:41 GMT -5
Somewhat serious but not fully, what does happen if the US can't pay back the debt to China? China claims a state? Or does the debt just become a bad debt like a bankrupt situation where the debtor just can't make the payment and that's that?
What does happen? Or does it go the way that video suggests only maybe not as facetious as that. Meaning that taxes are taken additionally from American workers' payroll to start paying the debt back?
Obviously a debt is not a major problem if it can be paid back. But once it cant' be paid there's a big problem. When you spread yourself too think with credit you get cut off at some point. It can be hard to get a loan if you have too many unfinished loans already. You end up being told your credit is ok but you can't get a new loan until you pay some of these balances down.
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Post by Phil on Mar 25, 2011 13:56:43 GMT -5
^^ That is a worry that gets talked about. What happens if the debts can not be repaid?
The thing is how much does the rest of the world really owe the Unites States? Who rebuilt most of the world after wars and disasters? In most it was the United States. It might be time that some of those countries returned the favor. Not that they could return it fully but a little would held during these times.
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dinin
New Member
Posts: 33
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Post by dinin on Mar 25, 2011 20:06:14 GMT -5
notice how the chinese students react at the end.
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Post by Classicblast on Mar 25, 2011 23:11:39 GMT -5
That's more important that the last to laugh laughs longest and thats what we have to do then.
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