International West Europe is in a World of troubles (debt; graph included)

Discussion in 'The War Room' started by milenss, Dec 8, 2018.

  1. milenss

    milenss Black Belt

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    West Europe is in a World of troubles because of its debt. USA owns most of its debt. That's not the case for the West European countries which are heading to a disaster with its idiotic policy (of feeding foreign citizens with its money). It's a big burden that's already on the back of the so-called "developed countries".



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  2. LHWBelt

    LHWBelt Silver Belt

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    Who isn't in debt?
     
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  3. Phr3121

    Phr3121 Black Belt Platinum Member

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    ...and China owns the U.S. debt. Europe is really falling apart in so many ways. The influx of immigrants, the military, and the European Union. Not sure Germany and France will recover itself to its 'glory' days.
     
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  4. Rholk

    Rholk Blue Belt

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    Eh?
     
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  5. milenss

    milenss Black Belt

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    me. 0 debt. has always been like that.
     
  6. VivaRevolution

    VivaRevolution Whoopin' Belt

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    Well money is debt, so people who own gold.
     
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  7. Phr3121

    Phr3121 Black Belt Platinum Member

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    "As of September 2014, foreigners owned $6.06 trillion of U.S. debt, or approximately 47 percent of the debt held by the public of $12.8 trillion and 34 percent of the total debt of $17.8 trillion. As of 2018, the largest holders were China, Japan, Ireland, and Brazil."
     
  8. JabToucher

    JabToucher Purple Belt

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    At least there's nothing but positivity on the diversity front ;)
     
  9. JonesBones

    JonesBones Gold Belt

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    I hope Soros profits off it.



    now THAT is a big short. respect. When you are confident in something, go fucking big he says.
     
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  10. LHWBelt

    LHWBelt Silver Belt

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    Do you have a house? If you do i doubt you paid straight cash for it so you probably owe thus your in debt. Not credit card debt but debt none the less.
     
  11. Tobacco

    Tobacco --------------------------------------------------

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    Such deep analysis. Didn't know we had so many macroeconomics experts here.
     
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  12. JonesBones

    JonesBones Gold Belt

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    So Americans actually own most US debt. The majority. If this was a company we would be majority shareholders. Yet you claim we are owned by China...
     
    Last edited: Dec 8, 2018
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  13. JonesBones

    JonesBones Gold Belt

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    The dollar has been killing Gold. Fuck gold.

    --‘Billions’ gets in a dig at goldbugs who want to tie the U.S. dollar back to gold: “No Pete, the gold standard is never coming back, and if it did, this world would be so f--ked I’d buy space travel and not gold.”
     
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  14. EradiatedHaggis

    EradiatedHaggis Yellow Card Yellow Card

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    Its even worse on the "personal debt" front...Scandinavian countries like Norway are approaching 200% personal debt to income thanks to those wonderful taxes for all those "free" services.
     
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  15. EradiatedHaggis

    EradiatedHaggis Yellow Card Yellow Card

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    Dont bother. People who say things like "China ownes our debt and thus own us". are morons that do not understand how debt or currencies works let alone trade and trade deficits...or why nations buy the debt of other nations...and I doubt they will ever understand.

    https://www.forbes.com/sites/ianshe...ina-will-keep-buying-treasuries/#3426a4949463
     
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  16. NoDak

    NoDak [ [ Tech Noir ] ] Platinum Member

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    It's hilarious, especially when people talk about what would happen if China decided to "dump their t-bills" as if you can just walk up to the Treasury and demand your money back on a fixed term note. Any interim sell off also has to have a buyer - no buyer, no sale. What kind of success would it even bring them when they regularly intervene in markets to push the USD UP? It works at cross purposes for their economy and the Fed would just mop them up if nothing else, the US runs the global currency.

    It's getting close time to curb stomping these motherfuckers and crushing all of their ambitions, the export control act and moves to choke off foreign investment in US tech assets are good first steps.
     
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  17. NoDak

    NoDak [ [ Tech Noir ] ] Platinum Member

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    Is choking off foreign "investment" in the US a bad thing?

    The goal of investment restrictions is to prevent Chinese companies from copying or stealing American ideas and technologies. Chinese companies can buy American companies and transfer their intellectual property overseas, or have their employees train their Chinese replacements. Even minority stakes can allow a Chinese investor access to industrial secrets that would otherwise be off-limits.

    Uh, no.

    Going forward, it should be done in every last instance indefinitely.

    Notably, the European Union is also moving to restrict Chinese investments. The fact that Europe, which has opposed Trump’s tariffs, is copying American investment restrictions, should be a signal that the less-publicized high-tech trade war is actually the important one.
     
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  18. caxias

    caxias Yellow Card Yellow Card

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    Dude is 88 years old and will die within 5 years. I doubt he feels really confident.
     
  19. caxias

    caxias Yellow Card Yellow Card

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    so you don't support free trade capitalism anymore?
    <Oku02>
     
  20. HockeyBjj

    HockeyBjj Putting on the foil

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    China, obviously, Japan, ok

    Ireland and Brazil??? The fuck?
     

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