Looks like we can stop worrying about all that debt to China increasing

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drstevej

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Well lets see what happens then. We have always been told that we need China's money to keep us afloat. Wonder what is going to happen now that its gone? Its been two days now; Monday may be a real hangover:(:doh:

What up BWAP?
 
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D'Ann

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Oh man, this is not good. If other investors pull their money out of our economy, this will be devastating to us all. It will make the depression during the 30s look like a cake walk. Seriously, this is bad news. I don't personally mind China pulling out, but I'm worried about other countries pulling their money out...
 
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drstevej

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Wait... what's this nonsense that the Democrats and I don't know who else, is agreeing on giving millions to Acorn in order to bail out these banks???

How on earth did a spending bill get squeezed in there?

"Putting US first"
~ the Democrats
 
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benedictaoo

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I was driving the other day and thinking- my gosh we're out of water, we're out of gas, we're out of money....

I've been trying ot to brood--but's it's really rather difficult not feel frightened about what's ahead.

I think it's only bad news for folks who live on credit. What it means is that we will not be able to buy stuff on credit. No buying and selling of houses or cars. Good news is, if you do have cash, it will be a buyers market.

The government will just have to stop ripping us off, that's all. Stop wasteful spending and nonsense programs. they will just have to finally stop it. Maybe this is a blessing in disguise.

Let me give you an example, those FEMA traliers that ppl get when their house is blown away in a disaster... I had one, I know they are worth about 4,000$ tops. They are garbage.

They cost the tax payers 50,000$ each becuase of all the hands it had to go through from the sales lot to the homeowner. 50,000$. I kid you not.

Then they wanted to sell them back to us for 600$. LOL. They reneged on ppl being able to buy them back becuase they all contained formaldehyde and were making ppl sick.

I kid you not... so we have a class action law suit revving up against FEMA.

The government will just have to STOP their stupid excessive spending and thieving. That's all.
 
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