China overtakes the US as the worlds biggest economy

[lombardsoup]

You obviously didn't read what I wrote. "Freedom" (For Tibet) isn't anything related to "American Freedom."  Lombard is probably one of those EBT Flashers since he can't seem to read basic English.

I'm sorry that China is on track to becoming freer than the supposed land of the free.  The US has become a parody of itself.

[Teeth]

Negate the debt with what?  Bullshit?  Nobody trusts the US anymore.

If that is the case, then how come everyone is willing to lend the US money at awesomely low interest rates? China loves lending to the US because they desperately need the US to buy their products. That US debt China holds, they can't just call it all in at any time. All that debt is locked up into contracts, contracts that are easily servicable by the US and in fact actually profitable for the US. In case you didn't know. The US actually earn more from interest payments from debts they hold than they pay in interest for debts they owe. The only thing China can do is not offer any more future loans, but guess what, everybody loves to lend to the US. There are some awesome perks that come with having the top currency in the world.

[lombardsoup]

If that is the case, then how come everyone is willing to lend the US money at awesomely low interest rates? China loves lending to the US because they desperately need the US to buy their products. That US debt China holds, they can't just call it all in at any time. All that debt is locked up into contracts, contracts that are easily servicable by the US and in fact actually profitable for the US. In case you didn't know. The US actually earn more from interest payments from debts they hold than they pay in interest for debts they owe. The only thing China can do is not offer any more future loans, but guess what, everybody loves to lend to the US. There are some awesome perks that come with having the top currency in the world.

Keep lending keep spending.     Nothing is EVER going to happen to that "almighty dollar" with unchecked borrowing, nope.  The funniest part is that you've had multiple presidents from both major US political parties engaging in this behavior.

[Lt_Anders]

I'm sorry that China is on track to becoming freer than the supposed land of the free.  The US has become a parody of itself.

You must not know anything about Tibet and China. Sigh.

[lombardsoup]

You must not know anything about Tibet and China. Sigh.

Guess you forgot about the decades of clusterfucks in the middle east all for FREEDUMB (oil)

Murica best country

[Lt_Anders]

Guess you forgot about the decades of clusterfucks in the middle east all for FREEDUMB (oil)

Murica best country

Yep, you don't know shit about Tibet, and by extension, anything you say is just red herrings ment to bash America wherever possible.

Good Lord, much troll, no love.

[lombardsoup]

Yep, you don't know shit about Tibet, and by extension, anything you say is just red herrings ment to bash America wherever possible.

Good Lord, much troll, no love.

Love is for people that don't ass kiss the Land of Burgers and Debt, its two main exports

BTW most of the shit you're using, including the device you use to post, was Made in China

[Xant]

BTW most of the shit you're using, including the device you use to post, was Made in China

visitors can't see pics , please register or login

[Leshma]

Petrodollar is the the real reason why murican economy is still going strong. Some OPEC members wanted to replace dollar with euro, but that didn't happen. Yet.

EU economy has grown a lot but its still a country without backbone hiding in shadow of great USA. Which is a shame, because EU could grow by leaps and bounds above USA if they had the guts to do it.

[lombardsoup]

Petrodollar is the the real reason why murican economy is still going strong. Some OPEC members wanted to replace dollar with euro, but that didn't happen. Yet.

EU economy has grown a lot but its still a country without backbone which is hiding in shadow of great USA. Which is a shame, because EU could grow by leaps and bounds above USA if they had the guts to do it.

Legitimate question: how much has the US tapped into its own oil supply?  If memory serves they're still buying most of theirs from the Saudis.

[Jack1]

everything

there are a lot of things that I want to reply to all of your posts with but instead I'm just going to call you stupid.

[Leshma]

Legitimate question: how much has the US tapped into its own oil supply?  If memory serves they're still buying most of theirs from the Saudis.

Have no clue and that is irrelevant in this discussion. Being the de facto currency for world oil trade is what makes dollar so special.

Tovi-like theories in spoiler

(click to show/hide)

There are conspiracy theories which say that war in Libya started because Gaddafi had an idea to start trading in gold. Venezuela and Iran had intention to trade in euro, but Chávez died of cancer in the mean time (another conspiracy theory which say that CIA developed a way how to execute certain communist leaders with cancer, based on fact that viruses can start malignant disease) and right now Iran is at war with ISIS...

[lombardsoup]

Being the de facto currency for world oil trade is what makes dollar so special.

That won't last either.  Its monopoly money at this point, better used to wipe one's ass.

[Jack1]

That won't last either.  Its monopoly money at this point, better used to wipe one's ass.

I can get a box of toilet paper for a doller. You'd have to be pretty stupid to use a whole roll on one go.

[Umbra]

You must not know anything about Tibet and China. Sigh.

Gedhun Choekyi Nyima the current Panchen Lama is probably dead now since his abduction by the Chinese. Sure they release a statement every few years that he is fine and living a normal life somewhere in China. He has been replaced by the Chinese puppet Gyaincain Norbu.

That is why the Dalai Lama recently stated that there will be no successor since he knows that the next one will also be a Chinese puppet since they fully control the current Panchen Lama. The Tibetan dream will die with him and no1 from the Chinese middle class will give a single shit about it. They will quietly be replaced by Gyaincain Norbu and their ilk.