http://frontpagemag.com/2009/11/19/from-bust-to-burst-by-vasko-kohlmayer/ Mon, 13 Feb 2012 21:22:24 +0000 hourly 1 http://frontpagemag.com/2009/11/19/from-bust-to-burst-by-vasko-kohlmayer/comment-page-1/#comment-187941 ipod touch Sat, 19 Feb 2011 15:50:40 +0000 http://frontpagemag.com/?p=37658#comment-187941 they become convinced that we have no intention of attending to the problems of debt like reviving the economy they become convinced that we have no intention of attending to the problems of debt like reviving the economy

]]> http://frontpagemag.com/2009/11/19/from-bust-to-burst-by-vasko-kohlmayer/comment-page-1/#comment-5963 antioli Fri, 20 Nov 2009 00:40:54 +0000 http://frontpagemag.com/?p=37658#comment-5963 When you have borrowed enough from a bank that if you do not pay it back you can collapse the bank you have actually become a partner of the bank. Such was a tactic that Rupert Murdoch used to get even greater loans from his bankers. If they refused Rupert could have collapsed which would have brought the bank down also.<br>What if we did not pay China back ? China would have a big problem. They have no choice but to keep loaning to the US. When you have borrowed enough from a bank that if you do not pay it back you can collapse the bank you have actually become a partner of the bank. Such was a tactic that Rupert Murdoch used to get even greater loans from his bankers. If they refused Rupert could have collapsed which would have brought the bank down also.
What if we did not pay China back ? China would have a big problem. They have no choice but to keep loaning to the US.

]]> http://frontpagemag.com/2009/11/19/from-bust-to-burst-by-vasko-kohlmayer/comment-page-1/#comment-5936 080 Thu, 19 Nov 2009 20:26:42 +0000 http://frontpagemag.com/?p=37658#comment-5936 The question arises as to why China and others continue to buy American debt. The obvious answer is that to jump ship would be very costly. The second reason is that they are fairly certain that we will take steps to attend to the matter. Should they become convinced that we have no intention of attending to the problems of debt like reviving the economy or cutting spending but will continue to rely on inflation then watch out!! The question arises as to why China and others continue to buy American debt. The obvious answer is that to jump ship would be very costly. The second reason is that they are fairly certain that we will take steps to attend to the matter. Should they become convinced that we have no intention of attending to the problems of debt like reviving the economy or cutting spending but will continue to rely on inflation then watch out!!

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