If i owed millions to my debtors, does that mean they have the upper hand over me, since basically my whole existence depends on paying them back.
2007-02-09 23:35:38 · 9 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
not in the case if you are a bully.
2007-02-09 23:47:38 · answer #1 · answered by Kalooka 7 · 0⤊ 0⤋
Read John Nash's "Non-cooperative Game Theory" a time or two and you'll realize that, at least in some areas of our government, we know exactly what we're doing.
China's economy would suffer a nearly unrecoverable blow if we shut our borders tomorrow.
Not so with Saudi Arabia. At least, not until we switch to non-fossil fuels. Crop fuels and algae oil are two excellent "green" contenders.
Then there's geothermal. For what we've spent in Iraq (which is roughly equivalent to the welfare spent on illegals and anchor babies in the last decade) we could have drilled enough geo-thermal wells to supply all the electricity this country will need for the next century or so, including almost enough to run all our transportation needs.
That hasn't happened and isn't happening. Why not?
I see the problem as not seeing the problem. The two-party system was bad enough - I believe it was Jefferson who made every effort to vilify it and prevent it from happening, having seen the Whigs and Tories and their control techniques even then - but, now we're moving toward choosing a monarchy. Shall we bow to Clinton's or worship Bush's? That is pathetic.
If there'll be any hope of solving either the debt problem OR the energy dependence fiasco, it may require that the populace hold the halls of government under siege for a year or so.
I'm ready when the rest of you are.
qwertyu
2007-02-10 08:40:41 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Little do people know is that saudis and china have so much hard cash from the U.S. that at any point in time they could flood the market with it and our dollar will collapseand so will our country.Lokk around and see how many top ameriacn companies have been purchased from the saudis and chinesse.go see who bought IBM for an example.We are slowly losing our country and noone cares.
2007-02-10 07:55:37 · answer #3 · answered by J C 2 · 1⤊ 0⤋
its called a trade inbalance and the only thing that means is accessibility to our technology is greater because of the availability of funds. our whole existance hardly depends on paying them back and economic forces in the world change constantly so im my judgement there is really no such thing as an upper hand. as long as liberals exist, trying to install a tax and spend economy on the us, debt is a reality. the problem is that liberals dont understand someone has to pay for the free lunch and trade inbalance is further testimony to this liberal reach to spend beyond their means.
2007-02-10 07:48:47 · answer #4 · answered by koalatcomics 7 · 0⤊ 1⤋
It means, particularly in China's case, if they pulled out their money out of our economy, the economy would collapse into a depression. That doesnt sound too good for me but I dont know what the effect would be at the other end.
2007-02-10 07:45:37 · answer #5 · answered by jillmarie2000 5 · 0⤊ 0⤋
yes, and no. It does not mean that you have to go to Chinese and Saudi embasies to pay those debts but your taxes do. Also, if they pull out, the economy will go bad and you will pay for it by not being able to make good money while in the US.
2007-02-10 07:45:53 · answer #6 · answered by PerpetualTraveller 2 · 0⤊ 0⤋
Well, China might have some upperhand over USA.
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2007-02-10 07:47:54 · answer #7 · answered by jaywoodard 2 · 0⤊ 0⤋
i would hope that if that happened we would just nuke the world.
2007-02-10 08:46:21 · answer #8 · answered by cjone782000 1 · 0⤊ 0⤋
yes.
2007-02-10 08:06:53 · answer #9 · answered by Anonymous · 1⤊ 0⤋