Quote:
Originally Posted by gooseneck
It doesn't matter who wants who to fail or wants what or who cuts up their piece of the pie.
We got into debt with China.
The IMF sold debt to the entire 3rd world.
The problem here is debt.
Stop getting into debt and we will be fine.
But we don't want to stop buying stupid SUVs or million dollar McMansions.
Thankfully the last time I bought a tv set was 5 years ago but buying a new phone every year is gratuitious.
Either pay off the debt or prepare for war and seeing as we no longer have any easy resources to pay for the debt...
So war it is. War is good for banks after all.
Didn't some guy a few thousand years ago say something about bankers?
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Love your updates
Makes my day. I thought UK and US held most of our debt? Do you know how China holding $1.3 trillion of US debt plays out in all of this? Is this like someone putting a hit on their loan shark because they don't want to repay the loan? I have no idea how foreign debt works.
What happens if China decides to dump the debt on market? Can they do that? Who will hurt more?
And most importantly, where should I stick my money in these times? Gold has already bolted :(