Is USA collapse near?

yellow_peril said:
The Obama administration expressed concerns about the Greek debt issue as the U.S. economy also faces a severe fiscal deficit problem.

U.S. federal budget imbalance, which hit a record high level of 1.4 trillion dollars in 2009 fiscal year, is expected to reach 1. 56 trillion dollars in 2010.

Federal Reserve Chairman Ben Bernanke warned again Tuesday that the U.S. fiscal policy was unsustainable.
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Considering the vast majority of countries have much higher taxes than the US all the government has to do is raise taxes. Where is the problem?
 
yellow_peril said:
Your nation is too weak to defeat even a band of brigands. Where is Osama?

Soon you will learn humility when we call in our loans.
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You cannot "call in" your loans before the agreed upon date. If you tried to, we would just ignore you, and your credibility would be massively diminished in the international community.
 
apple0154 said:
Considering the vast majority of countries have much higher taxes than the US all the government has to do is raise taxes. Where is the problem?
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Actually, our taxes are slightly higher than German ones. The reason that the average citizen does not see the actual benefit of these taxes is because we spend so much of it on our army.
 
yellow_peril said:
Your nation is too weak to defeat even a band of brigands. Where is Osama?

Soon you will learn humility when we call in our loans.
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1) You CAN'T 'call in your loans'. They are BONDS. They have TERMS. Whatever maturity your country bought... that is how long you hold them. Unless you wish to sell them on the open market.

2) China is sitting on the edge. THEY are about to face a similar collapse of their real estate bubble if the government doesn't continue pumping money into the economy. Enjoy that.

3) Thailand is its own country.

4) FREE TIBET
 
Mr. Spite said:
You cannot "call in" your loans before the agreed upon date. If you tried to, we would just ignore you, and your credibility would be massively diminished in the international community.
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they cannot 'try to'. If a bond is callable, it is callable by the ISSUER... not the buyer.
 
yellow_peril said:
Did I say bonds were to be called in? You are a child who twists words seeking comfort.

Loans can be called in, can they not?

How much credit has China extended to USA?

Do you know?
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ZERO.

They have no 'LOANS' that they can 'call in'. NONE.

They hold US Treasuries. That is the debt we owe to China. Those BONDS CANNOT be called in by China. Period.
 
yellow_peril said:
You claim that Chinese banks have lent no monies to USA corporations?

How inconceivably arrogant.
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Loans... like bonds... cannot be 'called in' on a whim.

That said, I thought you were referring to the US... as in the government. If an individual company defaults on a loan from a Chinese bank, then that Chinese bank can exercise its rights against that particular company. But that is hardly going to crush the US as a whole.

That said... out of curiosity, how much have Chinese Banks lent to US Corporations? (do provide a link to your data)
 
yellow_peril said:
You claim that Chinese banks have lent no monies to USA corporations?

How inconceivably arrogant.
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By the way... the above is a complete shift of the topic by you.

You mentioned the $1.7 trillion in GOVERNMENT debt that China held. THAT is what I addressed. Apparently the above is your way of spinning out of the stupidity of your earlier comments.

BAD TROLL.
 
yellow_peril said:
We are aware that you cannot pay.

You are reduced to being a beggar nation.

When defaults occur, how does the borrower obtain more credit, and on what terms?

Your humiliation will be delicious.
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I didn't say CAN'T, I said WON'T. There is a difference and you might want to have an adult explain it to you.
But we'll still have your money and you won't.
 
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