Philosophy Now Forum

bobevenson wrote: And what is done with the money received for those securities? The U.S. government buys goods and services with it, my friend.

If the US government uses the bond dollars to buy goods and services then it is buying those with "debt" which is why the US debt burden is an even worse case scenario
than the Chinese bonds.
So you have answered your own question about the sound fiscal policies of the USA.
The country is a debt mire.

a Shark wrote:

bobevenson wrote: And what is done with the money received for those securities? The U.S. government buys goods and services with it, my friend.

If the US government uses the bond dollars to buy goods and services then it is buying those with "debt" which is why the US debt burden is an even worse case scenario
than the Chinese bonds.
So you have answered your own question about the sound fiscal policies of the USA.
The country is a debt mire.

Hey, pal, Europe's unemployment rate is double the USA. Take your stupid argument to them.

bobevenson wrote:

a Shark wrote:

bobevenson wrote: And what is done with the money received for those securities? The U.S. government buys goods and services with it, my friend.

If the US government uses the bond dollars to buy goods and services then it is buying those with "debt" which is why the US debt burden is an even worse case scenario
than the Chinese bonds.
So you have answered your own question about the sound fiscal policies of the USA.
The country is a debt mire.

Hey, pal, Europe's unemployment rate is double the USA. Take your stupid argument to them.

Dont like being wrong do you bobaloola

a Shark wrote:Dont like being wrong do you bobaloola

Being wrong about what? Europe is bringing down the rest of the world, and you're worried about America? Worry about your own continent and the Four Horsemen of the Apocalypse, my friend!

bobevenson wrote:

a Shark wrote:Dont like being wrong do you bobaloola

Being wrong about what? Europe is bringing down the rest of the world, and you're worried about America? Worry about your own continent and the Four Horsemen of the Apocalypse, my friend!

America brought down the world not Europe. The sub prime crisis and all the poisonous
CDOs from Lehmans and co. that were falsely marked up as AAA securities when they were junk .
What wrecked the world was the American Dream that is the American Greed.
Bill Clinton's repeal of the Glass Steagall Act and Ben Bernanke's belief that housing goes up but never down. What an asshole ! Has he never heard of the demand curve ?
Yes Bobaloola you guys fucked the world in the ass and now we are all suffering .
As for Europe it is also run by greedy pigs. The single currency has raped the continent.
We do not have a problem of free market capitalism we have a problem of investment, speculation and risk.

a Shark wrote:

bobevenson wrote:

a Shark wrote:Dont like being wrong do you bobaloola

Being wrong about what? Europe is bringing down the rest of the world, and you're worried about America? Worry about your own continent and the Four Horsemen of the Apocalypse, my friend!

America brought down the world not Europe. The sub prime crisis and all the poisonous
CDOs from Lehmans and co. that were falsely marked up as AAA securities when they were junk .
What wrecked the world was the American Dream that is the American Greed.
Bill Clinton's repeal of the Glass Steagall Act and Ben Bernanke's belief that housing goes up but never down. What an asshole ! Has he never heard of the demand curve ?
Yes Bobaloola you guys fucked the world in the ass and now we are all suffering .
As for Europe it is also run by greedy pigs. The single currency has raped the continent.
We do not have a problem of free market capitalism we have a problem of investment, speculation and risk.

No, you have a problem of SOCIALISM!

bobevenson wrote:No, you have a problem of SOCIALISM!

Are you saying that Europe is socialist ?

a Shark wrote:

bobevenson wrote:No, you have a problem of SOCIALISM!

Are you saying that Europe is socialist ?

No, I'm saying that Satan is evil.

bobevenson wrote:No, I'm saying that Satan is evil.

What does Satan actually do, Bob?

HA!

No doubt, to you, that's the case.

Again: irrelevant to my point in this thread (which -- again -- has whizzed by your head like a bullet).

*shrug*

tillingborn wrote:

bobevenson wrote:No, I'm saying that Satan is evil.

What does Satan actually do, Bob?

Well, he introduced liar's poker to the world, the familiar bar game played with the serial number of a dollar bill, which is a watered-down version of Ouzo, like an attenuated virus he inoculates people with to keep them from catching the real thing.

bobevenson wrote:

a Shark wrote:

bobevenson wrote:No, you have a problem of SOCIALISM!

Are you saying that Europe is socialist ?

No, I'm saying that Satan is evil.

If anyone wants a philosophy ,of how to waste your time, then just ask me.

a Shark wrote:f anyone wants a philosophy of how to waste your time, then just ask me.

Well, you certainly have had a lot of practice spouting socialism, so I I guess that makes you an expert, all right.

a Shark wrote:America brought down the world not Europe.The sub prime crisis and all the poisonous CDOs from Lehmans and co. that were falsely marked up as AAA securities when they were junk .

Do you not think the rot set in when Nixon did away the gold standard so that he could raise the cash to carpet bomb Vietnam?

bobevenson wrote:Well, he introduced liar's poker to the world, the familiar bar game played with the serial number of a dollar bill, which is a watered-down version of Ouzo, like an attenuated virus he inoculates people with to keep them from catching the real thing.

I've never played liar's poker, so there's nothing to stop me catching Ouzo. How do you play?