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  • Posted by Stormi 12 years, 2 months ago
    China was not loaning us money because they care so much about us, it was power and investment reasons. The fact that Belgium has come into play is not so surprising. Two of the early participants in the Bildeberger group, pushing the US toward one world government years ago were from Belgium and the Netherlands. Prince Bernhard of Netherlands was a very influencial figure in shaping the direction followers took in trying to change the US into a nation more in line with Europe and one world socialism. It is rich Europeans and their International bankers who have always been at the helm of trying to transform the US into a socialist one world member nation. Other players come and go, but they are the bottom line who never give up.
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  • Posted by $ Mimi 12 years, 2 months ago
    Well, maybe for us...but if you look at how much of our debt is on their backs from their point of view, you might just realize they are trying to at least give the appearance that they have some self-interest.
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  • Posted by mdjones5775 12 years, 2 months ago
    It will all eventually collapse. I will be happy. I know how to grow my own tomatoes.
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    • Posted by Robbie53024 12 years, 2 months ago
      Are the from the local nursery or do you use Heritage seeds? If from the local store, you won't be able to grow more than one season of crops as the seeds have been engineered to be sterile. You should invest in some Heritage seeds - these are "natural" and are unmodified.
      Just sayin' - a word to the wise survivalist.
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    • Posted by freedomforall 12 years, 2 months ago
      Do you have a non-municipal source of water for those plants? Got plenty of nutrients to feed them? Can you store enough to last through winter? Got a long term source of protein? Are you in a city? (Not looking for personal details, just pointing out potential for problems ;^)
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  • Posted by $ blarman 12 years, 2 months ago
    So what we have is one nation in debt buying another nation's debt. That can't have disastrous consequences at all, can it? [/sarcasm]

    Despite the state of the US economy (which is actually much worse than either the Feds or politicians want anyone to know), it should also be mentioned, however, that neither China nor Japan is doing all that well either. Japan has structural problems with its economy that started in the early 90's and will require some hard choices politically to overcome. China has been fueling much of its economy not on market demand, but on government spending (sound familiar). They have even built whole cities with modern conveniences (including fiber internet) that lie vacant because noone can afford to live in them!

    What should worry anyone is the fact that the US is still issuing debt at all despite the fact that it has no plans to pay off existing debt!

    (I would also worry about what a massive sell-off by China would do to the value of the dollar on the international market...)
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  • Posted by rlewellen 12 years, 2 months ago
    We're probably going to be TPP'd on.
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    • Posted by Robbie53024 12 years, 2 months ago
      TPP?
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      • Posted by rlewellen 12 years, 2 months ago
        Trans Pacific Partnership. America is going to lose. America is not a safe place to keep your money.
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        • Posted by Robbie53024 12 years, 2 months ago
          I see that one of the things that the US is looking to gain is importing rice to Japan. This is farcical. I was travelling there in the mid 90's. The Japanese had a bad rice crop and had imported rice from the US. I would watch factory workers use their chopsticks to pick out what they considered US rice kernels and refuse to eat them. The Japanese are some of the most racist people that I have ever met. If it is not Japanese, it is sub-standard (that is except for the round-eyed blonds with hefty bumpers).
          All I can expect from this administration is an agreement that hamstrings our ability to trade with ecological restrictions to partake of any of the proposed benefits.
          Generally, I'm in favor of free trade, but I doubt that's what this will really be about.
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          • Posted by rlewellen 12 years, 2 months ago
            I am in favor of Free trade that makes sense. How can American farmers profit when competing against low low low wages.
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            • Posted by Robbie53024 12 years, 2 months ago
              By being more productive.

              I grew up spending summers on my grandparents dairy farm in central Minnesota. That was the best learning environment for a child and I lament that my kids didn't have the same. But that type of farm was highly inefficient and has been replaced by more efficient means. I don't know the current statistics, but something like 50 years ago 1 farmer fed like 2 people. Today 1 farmer feeds several hundred on croplands that are smaller than they were in the past.
              In fact, US consumers pay more for foodstuffs than they should due to government give-aways in the form of price supports. These farmers are incredibly rich corporations.
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  • Posted by plusaf 12 years, 2 months ago
    First, when you see that many exclamation points on a linked page, you can discount its impact on you immediately.

    Second, http://www.marketminder.com/img/4-Reason..., shows what a BFD issue this really is. [Examine Chart 1 closely...]

    Third, as my money manager has been repeating since I've known them, 'if you're reading it in mass media, the stock market has already priced it in.'

    All of those guys writing those newsletters are selling newsletters to make income. If their market predictions or stock picks were really all that good, they wouldn't have time to publish to the masses.

    Consider their ideas to be 'a little added income from gullible subscribers.'

    Or not... your choice.

    After nearly ten years of my guys' managing my IRA and my wife's IRA... and that includes the entire Market Crash after '06... AND after paying fees AND making withdrawals of over $550k during that time, our total IRA holdings are down an average of 0.28% per year. Or, at that run rage, we've got about 358 years until our IRA holdings 'run dry.'

    I stopped subscribing to newsletters about nine years ago.
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  • Posted by $ sjatkins 12 years, 2 months ago
    It is doubtful any sane person should hold much US Treasury debt. It is largely below water on real returns and is an IOU on the US government remaining financially solvent. Perhaps Belgium thinks that US debt is at least a little less volatile than EU debt. :)
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