This is No Recession: It’s a Planned Demolition

Originally posted by The big EH
it's a recession, we had the happy profitable good times, now it's time for the bad time, it's happenned before, it'll happen again, its newtonic, every action has an opposite and equall reaction.
as for the economy crash in america, it is indeed far worse than they were letting on, america owes shits load of money to just about everone, and have done a somewhat decent job of covering it up. funny thing is above all the money they owe china is just about number one on that list. if china was smart they wouldn't invade, just tell america they want their debt paid, and boom instant economical crash of america. It's been a long time coming, and we most likely will go down with them (Canada) but america is no longer #1 they are merely riding an illusion of power

Except for the fact that China's economic growth is almost entirely dependent upon America's debt. Without the trade, China would go back to a poor communist state and be extremely unstable (Just like the USSR breakup)

Originally posted by The big EH
funny thing is above all the money they owe china is just about number one on that list. if china was smart they wouldn't invade, just tell america they want their debt paid, and boom instant economical crash of america.

That's not how it works. It's true that the U.S. owes the most to China but it's hardly something unique to the U.S. to owe money to many countries. The global economic system consists of many countries investing (read: LENDING) in other countries. Canada does the same.

Have you ever bought (invested) in bonds? That's how it is with international investing. Bonds have a fixed payment date that is contractually created. Unless there are certain provisions in place China just can't say "oh we want our money back" they will get paid on the time indicated on the bond. Indeed, the debt to China continues to grow because China continues to be **willing and eager** to spend their own money and invest in the United States.

Also, if you are smart, you would never want to see an "economical crash" of the U.S. (and I'm not saying that you do, as I assume you are one of our friendly northern neighbors...) So much of Canadian stability and security relies on the well-being of the U.S....

...(...but in case you do secretly hope to see the U.S. fall into distress) or would you rather see us be taken over by China, our natural resources annexed and our government stripped away, our industrial capacity harnessed, and our army, navy, air force, coast guard and arsenal of nuclear weapons, all be at the command of a foreign power whose 6 largest provincial capital cities contain the same number of people as all of Canada....right at your doorstep?

i know every country does it, but america is in the most debt

it was planned by the fed, it was realised{unwillingly} by the greedy gamblers at wall street. BOTH of which are respresentatives of the concentrations of corporate power in the us. so this doesnt even count as a conspiracy.

oh who got a laugh out of bernanke being named MAN OF THE YEAR?!!?

Originally posted by (>^^)>
i know every country does it, but america is in the most debt

The US, however, has a massive population and a strong GDP. In terms of debt per person that US isn't in the top five, in terms of percentage of GDP the US is number five (if you count only major nations) or number fifteen (if you count all of them).

A large national debt isn't good, certainly, but it's always good describe the data in a more meaningful way.

Its not recession but planned demolition so it means things aren't getting better; they're getting worse.The basic problem is that consumers are buried beneath a mountain of debt and have no choice except to curtail their spending and begin to save.