Default last.

Post first.

Yay, we're the least bad.

For now......

I'm not sure why, but this translates into at least 75 new seats for the Democrats in November.

I also have a huge cucumber jammed up my ass.

Chingchong chingchong treasury chingchong.

Heh, I still got it, bitches.

I'm not sure why, but this translates into at least 75 new seats for the Democrats in November.

I also have a huge cucumber jammed up my ass.

You must work for ACORN.

That's the only reason our economy is doing as well as it is:  there is no better place to put money than here.

Not that we're so great...

Posted by: HeatherRadish at May 17, 2010 01:16 PM (mR7mk)

We're going to have to default, at some point.  The only escape we have is to grow out of our debt, but given that we have embarked on the most amazing anti-growth path the US has ever contemplated (even beyond FDR, since we are saddled with other obligations that are conspiring to bankrupt us), the future is not pretty.

China going down the tubes isn't going to effect our standing debt, butthe combination of inflation, lack of buyers for new treasuries, and general domestic stagnation will seal the deal.

We'll probably take the coward's way out and monetize the debt (which would take us into a real hell-hole that people cannot really imagine) ... if the US lasts that long.

Our only chance is to spur big-time growth, soon, and to rid the federal government (and state governments) of our insane obligations, but we have been moving in exactly the opposite direction.

Nostradamus and the Mayans on one hand and Jim Cramer and what passes for the Obama economic team on the other.

I think I'll go with the more logic-based of the choices.

Anyone know Mayan for "We're screwed."?

For perspective (from memory, not stats)  Greece's debt as a share of GDP is something over 12%.  The U.S.'s is something over 14%. 

So maybe China is looking at something else?

Posted by: Jean at May 17, 2010 01:28 PM (mtAmx)

Unlikely.  We could easily defend against that by defaulting (not that we would, because America doesn't seem to have the guts for that). 

When China starts to implode, I think it's likeliest move would be on Hong Kong, to start rally extracting some of the great wealth, there.  China would also be much more likely to try and trade a big chunk of its Treasuries for Taiwan, which the Indonesian Imbecile would be more than happy to give them free (as he did with missile defense in Eastern Europe for the Russkies).

Posted by: Purple Avenger at May 17, 2010 01:41 PM (3VtA5)

Problem is that Social Security and Medicare (and not obamascare) are never factored in.  Once those are counted, we've already hit bottom, bounced, picked up more weight and are falling again.  IMO I agree that we aren't Greece, we're worse.  That's jmio.

Posted by: Mr Whoopi at May 17, 2010 01:53 PM (uFokq)

Elliot Wave theory started in the twenties, it was just recently related to fractal functions through Fibonacci series.

OT - More news on headless victims who were once living beings before being butchered like cattle - http://tinyurl.com/2arshh3

Arizona Illegal Alien Law Blamed

Posted by: Purple Avenger at May 17, 2010 01:44 PM (3VtA5)

Boooo-ring...

Anybody see what Snookie was wearing last week?

OT - More news on headless victims who were once living beings before being butchered like cattle - http://tinyurl.com/2arshh3

Arizona Illegal Alien Law Blamed

Posted by: Hussein the Plumber at May 17, 2010 01:58 PM (RkRxq)

--Virginia is looking good for Christmas.

Posted by: joncelli at May 17, 2010 02:06 PM (RD7QR)

Nope, the work fine just for one time.  And they are way more durable than brass.  Downside is they can be used only once, they can't be-resized. 

Posted by: Soap MacTavish at May 17, 2010 02:05 PM (554T5)

--You know what else?  I had never seen that video before, ever.  When that song came out in '85 my family did not have cable (we had had it before, and later got it, but it was a cost-cutting thing) and if it weren't for the 'Net I would miss a lot of stuff.

That vid come close to the harmonic convergence of maximum '80s cheese and maximum '80s sexy.

Posted by: Ed Anger at May 17, 2010 02:10 PM (7+pP9)

What is with these beautiful women who just want to be skanks?

Posted by: Ed Anger at May 17, 2010 02:10 PM (7+pP9)

--Why does she have shorts and shirt on while many chicks in the audience have bikinis?

Way O/T, but New Yorker interview of Breitbart reveals he could be an AoSHQ Moron! 

Breitbart is tall and burly, with eyes the color of Windex, silver hair that he sometimes forgets is no longer blond, and jowls that he wobbles for emphasis when he wishes to express outrage. He is fond of saying that he has two modes of discourse: righteous indignation and puerile jocularity. “I like to call someone a raving cunt every now and then, when it’s appropriate, for effect,” he informed me. “ ‘You cocksucker.’ I love that kind of language.” Constitutionally adversarial, he enjoys imagining himself paired with an equally combative leftist opponent, such as Sean Penn. “Sort of like ‘Barfly,’ with Mickey Rourke—that’s how I envision it being with me and him,” he says. “I’d hate him, I’d fight him. He’d fight me, he’d get in some punches, I’d get in some punches. We’d drink some more. At the end of the day, we’d agree to disagree. And then I’d punch him again.”

Posted by: damian at May 17, 2010 02:08 PM (4WbTI)

Wow.  Who'd a thunk.

What happens to our debt then?

i am not a conspiracy theorist, but I honestly believe we are heading for a global write down, and restructuring.

Maybe everyone will just lop two zeros off of debt owed.

I really don't think anywhere is safe now. Even the swiss franc is no longer a haven since it depegged from gold and silver.

I don't really know where this is headed, but i have a feeling the eating of human flesh will be involved at some point.

Posted by: Mr Whoopi at May 17, 2010 02:13 PM (uFokq)

If she is, she is a dead woman walking.  No way they won't go ape$hit over those earthquake producing videos and photo shoots.

They have.
Who do you think's been spiking the price? Glenn Beck listeners?

I bought some gold for my IRA, (GLD) at about 105 per share. Good investment thus far.

I really don't think anywhere is safe now. Even the swiss franc is no longer a haven since it depegged from gold and silver.

Posted by: Ben at May 17, 2010 02:16 PM (wuv1c)

The Swiss surrendered when they finally joined the UN.  They bought the top of globalist stupidity.

Glenn.  Beck.  Told.  Me.  To.  Buy.  This.  Book.

I.  Keep.  My.  Place.  With.  A.  Gold.  Coin.  For.  A.  Bookmark.

...

Braaaaaains.

Everyone seems to assume china will not only survive this, but come out on top. I disagree

You have to understand China today isn't America of the 1880s.  China is totally dependent of exports. If Europe and America collapse or default, they are the biggest loser.  Because it will do two things. One it will devalue all of their holdings. What happens when 2 trillion in treasuries is worth 10 cents on the dollars. Further, the devaluation of the USD and Euro will make buying Chinese products too expensive. the reason we buy shit from china is because it is cheap, thanks in part to their currency manipulation. If the USD and Euro collapse, they can't devalue their Yuan enough to make up for it without damaging themselves.

Another thing to keep in mind, when looking at America's rise in the 1880s and beyond and China's now is population. We weren't over populated, neither was japan in 1989, or Argentina every time they default.

If the American economy tanks, as it did in 2008, all we have is increase in debt, social spending and unemployment. If the Chinese economy tanks, they will have massive riots, murders, complete social disorder, and possibly a civil war(with many factions, including regional factions that may cause in a break up of the modern Chinese State).

China has around 100 "roaming" workers. People who move from place to place to take menial jobs. If those jobs go away, you have a group 1/3 the size of america in a position of starvation. You think they will just take that sitting down?

China is in a far more precarious position that people think.

Other than the standard definition of 'Just a little more than what Barry has,' congress begins to define how much money is enough -

http://tinyurl.com/29e4dr3

Damn, Atlantic must have had its head farted out of Barry's ass for a moment.

Posted by: crossposted, for Great Justice at May 17, 2010 02:19 PM (4WbTI)

--Why do these assholes so overwhelmingly on our side of the aisle?  You would think more of this bitter spiteful behavior is with the Democrats.  Maybe it's because they have no qualms about just doling out lucrative no-show government/"consulting" jobs to the losers to shut them up.

"I don't really know where this is headed, but i have a feeling the eating of human flesh will be involved at some point."

Bring it.  I just got one of those Green Egg smokers, and make a mean brisket.

@118

100 million "roaming" workers.

left out the word million

"You would think more of this bitter spiteful behavior is with the Democrats."

It is.  They just realized that calling themsleves Republican tended to get them elected in red states.

O/T, except in my head:  What's Farouk Shami been up to since the TX Governor Democrat Primaries?

Posted by: taylork at May 17, 2010 02:29 PM (0Hn5w)

Huh?  Maybe for misspelling "apologize", but otherwise dagny is correct - though I still think that the Traitor Tour leg in Cairo, where The Precedent apologized to the muzzies for colonization (WTF?  America - colonization?) was worse.

 Currently there just are not too many other places to put money.

So many holes to fill!

that's not what i mean. Go ahead, bury your money, it will be worthless when you dig it out.

At least coin currency will never be worth less than the metal that makes the coin. Paper currency on the other hand.

Honeslty, you might as well put it in a strippers G-string.

"left out the word million"

It's okay.  I accidentally add it in sometimes.  Can we be friends?

Posted by: joncelli at May 17, 2010 02:31 PM (RD7QR)

--Indeed.  I don't know if it warrants cleanup, but I'm not a fan of that particular word. ChiComs is more fun, anyway.

Apoligizing to the chinks for "human rights" violations doesn't help.

Walter Sobchak sez:

Please, Dude! Asian-American is the preferred nomenclature. And this issue is, did the rug the rug tie the room together?

You want a toe? I can get you a fucking toe!

"chinks" bothers me, too.  It's up there with the N word and the four-letter K word in my book.

"At least coin currency will never be worth less than the metal that makes the coin. Paper currency on the other hand."

Dry bulk legumes, meat jerky, and fig preserves.

Oh, and Worstershire.  For the hobo-brisket.

"chinks" bothers me, too.  It's up there with the N word and the four-letter K word in my book.

what is the K word? Koreans?

the K word that refers to Joos

Kooks.

I thought the term was gooks.

Complete non-relevant OT-- The new Ms. USA is a pole dancer! (gateway has the story....more importantly the pics.)

Why wasn't that her talent during the competition??

Four letter "k" word-rhymes with "kite" , people.

You know, how Obama referred to the Jews when he attended Trinity United.

Posted by: HeatherRadish at May 17, 2010 02:44 PM (mR7mk)

Not just sports reporters, but the regular retarded MFM reporters do it, too.  They just can't say "black".  I've even seen it happen in reports about Africa!

what is the K word? Koreans?

Posted by: Ben at May 17, 2010 02:38 PM (wuv1c)

KHAAAAAAAAAAAAAN!?!

Step kid lives in Amsterdam. He said they were told recently they may have to accept "work credits" instead of cash.

That might be significant.

Wow, Canada went from 11.3 billion to 76.6...sheesh.

Ah well, put those Yankies to work for us for a change (just kidding

#118, if China is balancing on a knife themselves, then why don't they prop up the US by purchasing US goods instead of US Treasuries?  It should be a twofer for them.  First it boosts the US economy which in turn strengthens the US Dollar.  Any strenghtening of the US economy will in turn cause us to purchase MORE Chinese goods in a win/win scenerio.  Since the Chinese Yuan is pegged to the Dollar, the Yuan will likewise rise in value.  In doing so the Yuan will become the de facto World's 3rd Reserve Currency behind the US Dollar and Gold. 

Secondly, the rise in the value of the US Dollar will depress or limit any rise in the price of oil since oil is valued in Euros and Dollars. 

Which makes me wonder if China's buying of US Treasuries instead of goods is like hooking a heroin addict?  Don't we already see Obama kowtowing to China in order to keep them buying US Treasuries?