manqiangrexue
Brigadier
You seriously think that everyone here doesn't know what they're talking about but you do? HilariousThe latest U.N. vote against the U.S. was just a symboic vote, about the location of an embassy. China has defied U.N. sanctions against NK for years. And you say im not versed on Basic International Norms? Wake up & smell the coffee. PLA wolfe was trolling,flaming and calling for my suspension - stop readin
You seriously have no idea how the world finacial system works. The Federal Reserve buys up most of the U.S. debt, same with the bank of Japan, the Bank of CHINA..selling bonds to its self is how EVERY COUNTRY SURVIVES.
If China couldnt buy up province debt by just rolling it over into national debt every province would have slit its own neck AGES AGO. Countries, states, and provinces run something called a DEFICIET. My god you are a newb..
U.S. debt is the gold standard regardless of the interest level, it has nothing to do with R&D. If the U.S. defaults on its bonds, its Earth Shattering.
China defaulting would not really be a big deal, because CHINA owns all of its debt, and everyone knows the official figures on all things China are just made up to save face / brag.
I have no doubt U.S. financial figures are somewhat distorted, and I equally have no doubt China's financial figures are completly distorted and made up.
That's right, you're not versed in international norms, which is why you say stupid things like "double talk" and "allegiance to the UN." LOL And birds go tweet. Oh, the US and China aren't really friends!? Revelation! Just for you LOL UN can sanction whoever they want and whoever wants to follow it can.
Your summary has nothing to do with what we were talking about. Writing an unrelated big picture high school intro to macroeconomics summary is not gonna cover up how wrong you were, how you don't understand proof of burden, or how you constantly drift between just your opinion and trying to insinuate that something is fact. And the only people who call other people "newbs" are gamers in their moms' basements. Here, we refer to people like you as ignorant, wrong, and will set up straw man arguments to attempt to cover your own stupidity. But it won't work because we remember what you were saying and it had nothing to do with countries buying their own debt. See? Higher level than "newb."
Yeah, if the US defaults on its bonds, its a little "earth shattering" but mostly, it's US-shattering LOL. And that's exactly my point. The US has sold so many of its bonds to other countries that it relies on that as a source of income to keep itself moving. If it doesn't sell and misses out on that income, throat slit. Maybe the jugular's still intact, but still bleeding badly. Then, if it defaults, no one will ever trust US bonds, promises, or currency again. Decapitated.
US debt has nothing to do with R&D because you MIXED 2 things up!! The R&D I was discussing is if the US refuses to sell its tech (such as instruments for making semiconductors, which is what I assumed you meant by investment instruments), that money it would have earned would go to its competitors, which would use it for R&D to surpass the US.
Actually, you are right when you said that China's numbers are distorted, but not in the way you thought from reading Gordon Chang articles. On the whole, China's figures are distorted downwards to appear less threatening and also so China's held responsible for less world aid. Gonna ask me how I know that, huh? Ain't gonna tell ya. You just keep reading Gordon Chang.
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