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‘Big lender’ China urges US to avoid bankruptcy

07.10.2013 13:03

As the Government shutdown in the US enters its second week, the country is just 10-days away from default, and the country’s main creditor China has urged Washington to take decisive steps to avoid bankruptcy and ensure safety of Chinese investments.

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Comments (72) Sort by: Highest rating Oldest first Newest first

 

Robert Smyres 14.10.2013 06:23

Just the fact that their is a concept of "raising a debt ceiling" is hilarious (in not a very funny way, more retarded than funny). And of course, not of us "average joe's, regular citizens are allowed to "raise our debt ceiling" as many times as we want.

 

Robert Smyres 14.10.2013 06:20

The main problem is that the "financial industry" has nothing to do with real goods and services. It then makes a few people have this fake but very useable money. The rich get richer that way by manipulating money and stock derivatives, and all the real goods and services become sort of pawns and the cheaper their big corporations can get them (on paper), the better. Meanwhile in real life, real people have to make those goods and services appear for others, but their wages have been getting further and further reduced, and some jobs don't even exist anymore.

 

Netsurfer S 14.10.2013 02:32

Gina 13.10.2013 15:22

Either way, if they do or do not raise the debt limit, we are doomed, to add more debt means interest on that debt will rise, means even less money to operate.
China has over 100,000 troops stationed just 80 miles from our southern border in Mexico, ready to take over the land used as Collateral. So don't hold your breathe Americans, the time to act is now.

  


Th at explains why California is getting rid of all their gun owners and making it rough to even own assault rifles, with limited clips that don't come out easily!

 

Netsurfer S 14.10.2013 02:29

If the US in in debt, then why do they keep pushing Chinese goods onto America and why doesn't China buy more American products?

N ot like communism is really free? I think I see a puppet in the works!

 

Gina 13.10.2013 15:22

Either way, if they do or do not raise the debt limit, we are doomed, to add more debt means interest on that debt will rise, means even less money to operate.
China has over 100,000 troops stationed just 80 miles from our southern border in Mexico, ready to take over the land used as Collateral. So don't hold your breathe Americans, the time to act is now.

 

paul flood 12.10.2013 13:10

Owning debt that will never be paid back from a broke corrupt country. I would rather own a puppet , but the banks already do .

 

Liam Wilson 12.10.2013 12:09

Hopefully this cabal will collapse and we can return to the capitalism Adam Smith intended.

 

Daniel Panayotou 11.10.2013 23:43

@ernie bauer

" ;won't be capable to invade the US."

h ahahaha do you expect soldiers to defend a country for free?

It's probably time to stop this "america is the greatest" mentality.

America might as well give china the keys. It'll be like "taking candy from a baby" as the americans would say.

 

Ernie Bauer 10.10.2013 11:42

This would not be the first US default. The first two default occurred last century. In the 30s when FDR confiscated Americans gold and then devaluated the US Dollar by 50%. In the 70s Nixon ended the US Dollar peg to gold deceiving the rest of the world and starting the US journey to the final collapse. The US has been in default for years, if this happened to any other country it's financial credibility would be ranked among the poorest. China and Japan must be prepared to assume the losses since they won't be capable to invade the US.

 

Snooping Iswrong 10.10.2013 00:37

Apart from the satanic zionist banksters, everybody is hoping that the evil empire goes bankrupt.

 

Estavan Cruz 09.10.2013 23:10

The US is broke by Oct 17th and will only have 30 billion $ on hand. . . .BUT...if they raise the debt ceiling everything is A OK again. How does that work? Folks, we are being lied to and played like fools from not only the US government, but many, many governments working together to squeeze us into this position of servitude.

 

Sam 09.10.2013 21:04

Yes sir Mr. China, they have to listen to you? They were waiting for your advice only!

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