All Things China

[a fan]

It matters, because who actually holds the savings bonds matters. Doesn't it?

Do you think these Chinese citizens are free to do as they choose?

[a fan]

]It's the EUros too. They're happy to have Trump running interference, after their decades of hand wringing.

Of course they are. They're not dealing with retaliatory tariffs. Easy to cheer while Trump is stupid enough to take on China all by himself.

You'd care if you had a blue collar job making or shipping Ping golf clubs for the past 30 years.

Oh, so NOW you care about blue collar jobs? Great. What about all the car layoffs because of steel tariffs? Or the folks who shop at WalMart who have to pay higher prices (yep, the market adjusts)

There's plenty of other countries anxious to sell Walmart cheap junk made by slave labor in envirohazard conditions. It's a global ag market. We'll sell to the customers abandonded by China's new suppliers. Markets adjust.

Yep. And the market is raising prices. Seems like you're wrong here. If there's plenty of places to get cheap stuff----as cheap as China----why are prices going up?

Myopic, as usual.

Oh yeah. I'm being short sighted. How did I predict precisely what would happen the day this nonsense started?

Guess what time it is? Election time. And China hasn't budged. Somewhere in America, there are Dem consultants telling their candidate to run on ending the Trade War. Once that shell is fired, that's it. Two full years of radio silence. And oh look! Trump is cutting another $18 Billion check for farmers to do nothing. Oh yeah, Chinese negotiators must just be scared to death. Boy, you and Trump have this all figured out.

The little R won't make what you are championing make sense, sorry. If Obama was doing this, you'd be on here whining endlessly about provoking a real Cold War, and tell us how expensive that would be. Instead, you're cheering for the dumbest trade war in the history of the world. China has all the cards. Not to mention rare Earth, and all the other compounding problems that would occur if China says "enough of this, we're done trading with you".

We're intentionally picking a fight with China, and pushing them to find other trading partners. Trade works both ways. Which is why Trade Wars never work.

Doesn't it clue you in when the EU, who are getting their stuff stolen, too....aren't levying tariffs with us?

[a fan]

You're obviously guilty and full of white privilige. Lets cut out the democrat middleman and just send me a check for 250K, I'll message you my address!

We're already running a Federal student loan program, remember? Know how much we're owed?

$1.56 Trillion. Know what the default rate is? 11%+

Yeah, let's stick with YOUR plan, and keep lending out money we don't have, to kids who can't afford it and have no collateral. $1.5 Trillion on the finger. Oh yeah, YOUR way is sooooo much smarter.

Trump just cut another $17 Billion to farmers to do nothing. You and Trump feeling guilty? How about just send that money to me, instead?

My socialist friend.

[ABV 8.3%]

It matters, because who actually holds the savings bonds matters. Doesn't it?

Do you think these Chinese citizens are free to do as they choose?

Off the top of my head, probably NO.

You still haven't answered my question, who NAME/owner is on the US Savings bond?

ANd, I guess you aren't disputing that China's 5% ownership isn't really a big deal. Not as big as you claim it to be. Circular argument though, until we figure out WHO , specifically, owns the US Savings bond.

[a fan]

If our budget was balanced, or our debt was at reasonable levels? I'd agree with you. It's not.

Taking away a major buyer is a big deal when it comes to interest rates for borrowing. We are currently borrowing at an unsustainable rate. Our taxes are currently at an unsustainably low rate...meaning the debt will continue to explode. And we are currently spending at an unsustainable rate given our tax levels.

My point? We are not in a good place to fight a trade war with China. We're in a BAD place to be doing this.

And I don't believe for a second you don't understand this. We are not in a fiscally sound place to handle a recession. Ask any financial wonk, and they'll tell you the same.

[ABV 8.3%]

You're obviously guilty and full of white privilige. Lets cut out the democrat middleman and just send me a check for 250K, I'll message you my address!

We're already running a Federal student loan program, remember? Know how much we're owed?

$1.56 Trillion. Know what the default rate is? 11%+

Yeah, let's stick with YOUR plan, and keep lending out money we don't have, to kids who can't afford it and have no collateral. $1.5 Trillion on the finger. Oh yeah, YOUR way is sooooo much smarter.

Trump just cut another $17 Billion to farmers to do nothing. You and Trump feeling guilty? How about just send that money to me, instead?

My socialist friend.

When you say "default", what does this actually mean? IN the UNited States, you can NOT write off student loan debt (as of now), so technically, I do not understand what you mean by "default" ? Late payments, partial payments, or NO payments. Are you saying that 11% of loans are NOT being paid back, at all?

YOu do realize that Larrys barber shop of the Florida academy of beauty gives/gets loans. Where did you get your numbers, skeptical about your 11%.

[ABV 8.3%]

If our budget was balanced, or our debt was at reasonable levels? I'd agree with you. It's not.

Taking away a major buyer is a big deal when it comes to interest rates for borrowing. We are currently borrowing at an unsustainable rate. Our taxes are currently at an unsustainably low rate...meaning the debt will continue to explode. And we are currently spending at an unsustainable rate given our tax levels.

My point? We are not in a good place to fight a trade war with China. We're in a BAD place to be doing this.

And I don't believe for a second you don't understand this. We are not in a fiscally sound place to handle a recession. Ask any financial wonk, and they'll tell you the same.

Real estate investing friends are chomping at the bit for another recession. So are many, many financial wonks.

YOu have stated , in the past, that 5% is not note worthy. But, losing 5% of US Savings bonds ownership, without really caring WHO actually owns (we do, the financial wonks that buy your spirits ) is no big deal. Confusing.

[a fan]

Meanwhile, in rural America?

Who cares, right? It's not me. Universal health care is stupid, and the free market will surely take care of these people, right?

The free market is telling these people to move to large cities where they can find better jobs, and where they will become liberals. THIS is what conservative Americans want?

Ok. Whatever you say. Works for me.


Headline: The Struggle To Hire And Keep Doctors In Rural Areas Means Patients Go Without Care






https://www.npr.org/sections/health-sho ... hI1IEt8Nig

[a fan]

If our budget was balanced, or our debt was at reasonable levels? I'd agree with you. It's not.

Taking away a major buyer is a big deal when it comes to interest rates for borrowing. We are currently borrowing at an unsustainable rate. Our taxes are currently at an unsustainably low rate...meaning the debt will continue to explode. And we are currently spending at an unsustainable rate given our tax levels.

My point? We are not in a good place to fight a trade war with China. We're in a BAD place to be doing this.

And I don't believe for a second you don't understand this. We are not in a fiscally sound place to handle a recession. Ask any financial wonk, and they'll tell you the same.

Real estate investing friends are chomping at the bit for another recession. So are many, many financial wonks.

YOu have stated , in the past, that 5% is not note worthy. But, losing 5% of US Savings bonds ownership, without really caring WHO actually owns (we do, the financial wonks that buy your spirits ) is no big deal. Confusing.

I'm not sure where you're getting that, but if you put me in charge, I'd only sell US bonds to US citizens and entities. We hold the bulk of our own debt as it is. Move it to 100%.

[a fan]

Real estate investing friends are chomping at the bit for another recession. So are many, many financial wonks.

Of course they are. Buy low, sell high. Otherwise, they'd have to work for a living, and we can't have that.

BTW, it's "champing" at the bit.

[ABV 8.3%]

If our budget was balanced, or our debt was at reasonable levels? I'd agree with you. It's not.

Taking away a major buyer is a big deal when it comes to interest rates for borrowing. We are currently borrowing at an unsustainable rate. Our taxes are currently at an unsustainably low rate...meaning the debt will continue to explode. And we are currently spending at an unsustainable rate given our tax levels.

My point? We are not in a good place to fight a trade war with China. We're in a BAD place to be doing this.

And I don't believe for a second you don't understand this. We are not in a fiscally sound place to handle a recession. Ask any financial wonk, and they'll tell you the same.

Real estate investing friends are chomping at the bit for another recession. So are many, many financial wonks.

YOu have stated , in the past, that 5% is not note worthy. But, losing 5% of US Savings bonds ownership, without really caring WHO actually owns (we do, the financial wonks that buy your spirits ) is no big deal. Confusing.

I'm not sure where you're getting that, but if you put me in charge, I'd only sell US bonds to US citizens and entities. We hold the bulk of our own debt as it is. Move it to 100%.

Well, that makes two of us. !

My point is this: You seem very concerned about CHina owning US debt (Saving bonds only ????) But, the actual amount is rather small, percentage wise. do you disagree?

And, I notice you keep on ignoring the names on the US Savings bonds, (I or EE, etc ) Probably doesn't say "CHINA" on the POD line. I am certain it's public information

[a fan]

My point is this: You seem very concerned about CHina owning US debt (Saving bonds only ????) But, the actual amount is rather small, percentage wise. do you disagree?

I don't about what they currently own. I care about what they will buy in the future.

And, I notice you keep on ignoring the names on the US Savings bonds, (I or EE, etc ) Probably doesn't say "CHINA" on the POD line. I am certain it's public information

See above. I don't care who owns the current notes.

China is holding a far, far stronger hand. And hey, look at that! It's now election season. More Aces for China.

[runrussellrun]

Are you saying foreign nations influence US elections? Or, does that tune only play when we have a cretin the worse of the worse (except when he invites you to his wedding, like the Clintons ) sits in Washington DC

[foreverlax]

If our budget was balanced, or our debt was at reasonable levels? I'd agree with you. It's not.

Taking away a major buyer is a big deal when it comes to interest rates for borrowing. We are currently borrowing at an unsustainable rate. Our taxes are currently at an unsustainably low rate...meaning the debt will continue to explode. And we are currently spending at an unsustainable rate given our tax levels.

My point? We are not in a good place to fight a trade war with China. We're in a BAD place to be doing this.

And I don't believe for a second you don't understand this. We are not in a fiscally sound place to handle a recession. Ask any financial wonk, and they'll tell you the same.

Real estate investing friends are chomping at the bit for another recession. So are many, many financial wonks.

YOu have stated , in the past, that 5% is not note worthy. But, losing 5% of US Savings bonds ownership, without really caring WHO actually owns (we do, the financial wonks that buy your spirits ) is no big deal. Confusing.

I'm not sure where you're getting that, but if you put me in charge, I'd only sell US bonds to US citizens and entities. We hold the bulk of our own debt as it is. Move it to 100%.

Well, that makes two of us. !

My point is this: You seem very concerned about CHina owning US debt (Saving bonds only ????) But, the actual amount is rather small, percentage wise. do you disagree?

And, I notice you keep on ignoring the names on the US Savings bonds, (I or EE, etc ) Probably doesn't say "CHINA" on the POD line. I am certain it's public information

They own US Treasury bills, notes and bonds...there is no liquidity in Savings Bonds.

30% of our debt is held by foreign investors of which China and Japan own around 1/3.

There is a movie out there called Rollover....the plot - what happens if they don't "roll it over".

Pretty scary how quickly this type of thing, like in the last debacle, can turn in to a death spiral.

[a fan]

Are you saying foreign nations influence US elections? Or, does that tune only play when we have a cretin the worse of the worse (except when he invites you to his wedding, like the Clintons ) sits in Washington DC

Complaining to the wrong guy. I've been chirping about this stuff for years. Also railed against the foreign access pay for play that was the Clinton Foundation.

Citizens United? Foreign entities and people have major stakes in US Corporations. And our Supreme Court is too stupid to get that...and green lit their money influencing our elections.

Sweet.

[Typical Lax Dad]

So What the heck is the Democrat plan to change this?? Exactly... the Democrats have no plan.

Multiple candidates are talking universal health care and free college.

Those two things alone would have an massively positive effect on the lives of the bottom 50% of American earners.

In all of that talk they never tell us how they plan on paying for it. What it really is is an idea with no plan. Free college...why? Is this the same guy that has railed about giving money to farmers. I understand the logic. The problem is there are a lot of things as a country we want to do. The problem is at some point we have to realize we can't afford to do everything. Unless there are untold mountains of money hiding out there that none of us know about.

Would you be OK with making some colleges "affordable"

Of course as much as it is possible to do so. I actually am a bigger fan of helping these HS graduates that are not college material find their way into trade schools. My youngest son graduated with a business degree. He is now working as a security guard. Too many young people go to college with no idea of what they want to do in life.

Don't know what to tell you. My view, is college is more than "job training". My view is also that it is not for everyone. Like most of your comments, your experience is most peoples?......
Evaluating the Return on Investment in Higher Education

Because ALL get callbacks when applying for THAT job. Lots of wallstreet banksters from Plymouth State, SUNH and Rivier, to go along with Dartmouth grads. Does Harvard extension school offer accredited degrees?

Learn to code ...or what A Fan says, "should've studied in HIGH school, all you GED losers in flyover states" B/c, I wasn't ,while spending all day long in the hospital, constantly peppered with questions about the very same "$tudy" talked about on these threads (genetic makeup and pre-disposed conditions) paid for by the tax payers, here in eastern Mass. Sure other hospitals in Dubuque, IA or PolPot, LA are getting the white collar welfare too

My nephew codes.

[holmes435]

When you say "default", what does this actually mean? IN the UNited States, you can NOT write off student loan debt (as of now), so technically, I do not understand what you mean by "default" ? Late payments, partial payments, or NO payments. Are you saying that 11% of loans are NOT being paid back, at all?

YOu do realize that Larrys barber shop of the Florida academy of beauty gives/gets loans. Where did you get your numbers, skeptical about your 11%.

It's hard to do, but you can in fact default on your federal student loans.

Here's the stats from last fall - https://www.ed.gov/news/press-releases/ ... rate-falls
And here is a deeper look into the stats: https://www.credible.com/blog/statistic ... tatistics/

Apparently the overall default rate is at least double when you factor in private loans, which are easier to default on.

[a fan]

You're obviously guilty and full of white privilige. Lets cut out the democrat middleman and just send me a check for 250K, I'll message you my address!

We're already running a Federal student loan program, remember? Know how much we're owed?

$1.56 Trillion. Know what the default rate is? 11%+

Yeah, let's stick with YOUR plan, and keep lending out money we don't have, to kids who can't afford it and have no collateral. $1.5 Trillion on the finger. Oh yeah, YOUR way is sooooo much smarter.

Trump just cut another $17 Billion to farmers to do nothing. You and Trump feeling guilty? How about just send that money to me, instead?

My socialist friend.

When you say "default", what does this actually mean? IN the UNited States, you can NOT write off student loan debt (as of now), so technically, I do not understand what you mean by "default" ? Late payments, partial payments, or NO payments. Are you saying that 11% of loans are NOT being paid back, at all?

YOu do realize that Larrys barber shop of the Florida academy of beauty gives/gets loans. Where did you get your numbers, skeptical about your 11%.

From Forbes. The default rate is not good, and getting worse.

We're depending on these graduates to buy stuff. Homes, cars, etc. Instead, all their disposal income is going to school debt. Economically speaking, this is an epically stupid thing to do. We need consumers...that's what drives our economic growth.


https://www.forbes.com/sites/zackfriedm ... 60994a133f

[6ftstick]

You're obviously guilty and full of white privilige. Lets cut out the democrat middleman and just send me a check for 250K, I'll message you my address!

We're already running a Federal student loan program, remember? Know how much we're owed?

$1.56 Trillion. Know what the default rate is? 11%+

Yeah, let's stick with YOUR plan, and keep lending out money we don't have, to kids who can't afford it and have no collateral. $1.5 Trillion on the finger. Oh yeah, YOUR way is sooooo much smarter.

Trump just cut another $17 Billion to farmers to do nothing. You and Trump feeling guilty? How about just send that money to me, instead?

My socialist friend.

Thats not my plan.

Aside from some athletic scholarship help my kids paid for most and borrowed the rest. And they're doing great!

Your boy Barry took over the student loan industry. Seems he failed to tell that to Maxine Waters and other members of the democrat caucus.

[Typical Lax Dad]

You're obviously guilty and full of white privilige. Lets cut out the democrat middleman and just send me a check for 250K, I'll message you my address!

We're already running a Federal student loan program, remember? Know how much we're owed?

$1.56 Trillion. Know what the default rate is? 11%+

Yeah, let's stick with YOUR plan, and keep lending out money we don't have, to kids who can't afford it and have no collateral. $1.5 Trillion on the finger. Oh yeah, YOUR way is sooooo much smarter.

Trump just cut another $17 Billion to farmers to do nothing. You and Trump feeling guilty? How about just send that money to me, instead?

My socialist friend.

Thats not my plan.

Aside from some athletic scholarship help my kids paid for most and borrowed the rest. And they're doing great!

Your boy Barry took over the student loan industry. Seems he failed to tell that to Maxine Waters and other members of the democrat caucus.

Was going to college worth it for your kids?