Think this was for announcing olympics there
mad confused right now
I see why the USA doesn't want them problems with China
- Thread starter avon barksdale
- Start date
Well thought out response. I agree with several of your points.
But first I'll start with the points of contention. I am aware of soveriegn debt standards but i honestly didnt want to go into it. Id love to start a more in depth thread with you on it later.
I used the simplest model with the car loan for arguments sake. The biggest point of that analogy was actually the portion on the bank going to a previously agreed upon institution to collect on what is owed. China has no viehicle or means to do this becuase all such global entities are controlled by the US or its proxies in EU. And we both know from domestic arrangements (indian treaties) and foreign ones (iran deal, cuba deal, etc) that the US will gleefully renege on any agreement that doesnt immediately benefit it. You could argue that US sovereign debt may get a credit-rating-downgrade; but thats the most china could hope for.
As for funding, the US has no problem there. Here, id make the analogy of income vs wealth.
.
Visualize a trust fund baby from generational wealth and a working class college kid. Both of these people earn the same amount working at XYZ law firm, however ; if both parties were to challenge eachother financially the trust fund baby would win because he can tap into generations of stored wealth and his job money, while the working class college kid can only access his immediate savings from his job at XYZ law firm.
Visualize a trust fund baby from generational wealth and a working class college kid. Both of these people earn the same amount working at XYZ law firm, however ; if both parties were to challenge eachother financially the trust fund baby would win because he can tap into generations of stored wealth and his job money, while the working class college kid can only access his immediate savings from his job at XYZ law firm.
In a similar way to the analogy; china has only been earning at a similar rate to the US for 2 decades; while the US has been at this game and storing wealth since the post WWI roaring twenties. for literally a century. We are drowning in assets. This wealth has been stored in industry, intellectual property, equipment, infrastructure, etc. The liquidated value of a minor US city like Boston or SanJose is more than the GDP of some EU nations. Thus the value in the entire US is damn near infinite if motivation is present.
A bit off topic, but this is why I personally think the whole "national debt" thing we argue about every election cycle is much ado about nothing. Our balance sheets have been green ever since napoleon gave us a discount on Louisiana.
( I Switched format to audio to save space. This might be a nice compromise for brevity
)Concise Audio of my disagreement with your point ....
Link-> Vocaroo | Online voice recorder
Quick audio of my genuine agreement with your thoughts...
Link -> Vocaroo | Online voice recorder
Last edited:
The whale
people fall for these cgi videos every new year
here's a similar example
here's a similar example
the US a fixed financial entity and runs the show
The physical land we live on is a “liquid asset”
And people especially right now
just look at the trade rate of the dollar .
check out how many military bases we have around the world
If we can’t don’t and won’t track our spending, what does that trillion dollar debt number really mean?
nothing
UpAndComing
Veteran
Well thought out response. I agree with several of your points.
But first I'll start with the points of contention. I am aware of soveriegn debt standards but i honestly didnt want to go into it. Id love to start a more in depth thread with you on it later.
I used the simplest model with the car loan for arguments sake. The biggest point of that analogy was actually the portion on the bank going to a previously agreed upon institution to collect on what is owed. China has no viehicle or means to do this becuase all such global entities are controlled by the US or its proxies in EU. And we both know from domestic arrangements (indian treaties) and foreign ones (iran deal, cuba deal, etc) that the US will gleefully renege on any agreement that doesnt immediately benefit it. You could argue that US sovereign debt may get a credit-rating-downgrade; but thats the most china could hope for.
As for funding, the US has no problem there. Here, id make the analogy of income vs wealth.
.
Visualize a trust fund baby from generational wealth and a working class college kid. Both of these people earn the same amount working at XYZ law firm, however ; if both parties were to challenge eachother financially the trust fund baby would win because he can tap into generations of stored wealth and his job money, while the working class college kid can only access his immediate savings from his job at XYZ law firm.
In a similar way to the analogy; china has only been earning at a similar rate to the US for 2 decades; while the US has been at this game and storing wealth since the post WWI roaring twenties. for literally a century. We are drowning in assets. This wealth has been stored in industry, intellectual property, equipment, infrastructure, etc. The liquidated value of a minor US city like Boston or SanJose is more than the GDP of some EU nations. Thus the value in the entire US is damn near infinite if motivation is present.
A bit off topic, but this is why I personally think the whole "national debt" thing we argue about every election cycle is much ado about nothing. Our balance sheets have been green ever since napoleon gave us a discount on Louisiana.
( I Switched format to audio to save space. This might be a nice compromise for brevity
Concise Audio of my disagreement with your point ....
Link-> Vocaroo | Online voice recorder
Quick audio of my genuine agreement with your thoughts...
Link -> Vocaroo | Online voice recorder
Enough of this talk breh. I can see we are both intellectually sound, and we need to build
I always want to build with other like minded brehs to create more Generational wealth
Hit me up on the inbox to discuss more
So this is what Operation Skybeam would look like