2007-10-11 06:46:34 · 15 answers · asked by Anonymous in Politics & Government ➔ Politics
No China if anyone. They are winning on all fronts and it's being sold to the general public in the West as a result of them embracing capitalism.Yeah right.The human rights record of China is disastrous for political opponents and Christians.
Yet no American President even dares to raise the issue in a loud voice anymore let alone call them an evil empire
2007-10-11 07:02:41 · answer #1 · answered by justgoodfolk 7 · 3⤊ 0⤋
You are correct about the US dollar falling, but I don't think Russia alone has the power to bankrupt the US.
In fact, China has more power to bankrupt the US than Russia does (since China has more US dollar reserves and it also buys bonds from the US, i.e., lend money to the US). And both countries are not too friendly to the US, so they can gang up on the US in terms of finances.
All they have to do is start selling the US dollar reserves or stop buying US bonds, and start buying more gold and Euros.
But, 'beauty&brains' is right - US is doing it to itself by huge deficits in both trade and budget, and irresponsible spending. Plus, the Fed lowering the rates doesn't help the dollar, and inflating the money supply by pumping dollars (created out of thin air) will destroy the dollar. Both the US government and the consumers are deficit spending, so we are definitely doing it to ourselves.
2007-10-11 07:09:37 · answer #2 · answered by Think Richly™ 5 · 2⤊ 0⤋
uhmmm no not a chance. They are simply watching us fall apart.
Do you think constantly slashing interest rates is good for this country?
Well it can be sometimes. But the value of the dollar slides because of it. And inflation creeps in. Its a tightrope but Russia is clearly not responsible.
When the Senate votes 97-1 to raise the debt ceiling 1 trillion dollars do you think that people that own dollars will believe in their value???
2007-10-11 07:03:18 · answer #3 · answered by Anonymous · 2⤊ 0⤋
Trout Russia does not have the resources to bankrupt us. Our dollar is falling due to the bubble in the housing market and its necessary fall back to reality. Once that settles so will the dollar.
2007-10-11 06:50:32 · answer #4 · answered by netjr 6 · 3⤊ 0⤋
We look to think of via turning out to be money out of skinny air will save us afloat. usa imho is decaying on all stages. think of roughly it. We deliver out welfare assessments (stimulus assessments), to objective to develop our monetary device. A u . s . that would not produce shall fall... What does usa produce? The USD is valueless and your procuring ability is dwindling...organization are all caught up in a value adjustment conflict. it extremely is why commodity communities have been so good. We as a individuals are being informed lies. extremely the inflation value is approximately 15%. The fed has no plan. they don't look to be dumb they see the great issues. hear you may not fix a small crack via pouring truckloads of money in it. The crack turns into wider and so what does the fed do? they simply herald extra unload automobiles of money. This has been occurring for a protracted time. Now that crack that replaced into in common terms some inches is now 30’ extensive and demands hundreds of unload automobiles to objective to fill the hollow. This physique of ideas to our difficulty is the dumbest component. i've got faith we are contained in the begining of sorrow and woes which will spiral uncontrolled international extensive. The robin hod goverment will proceed to take from the undesirable to furnish to the rich. this implies we will pay for all people who over prolonged mortagaes and may be able to not pay down debt. you're gazing the autumn of the yank Empire!!
2016-10-06 12:17:30 · answer #5 · answered by lepeska 4 · 0⤊ 0⤋
No, but we are bankrupting ourselves. We need to quit wasting a trillion dollars on foreign occupation.
2007-10-11 06:49:48 · answer #6 · answered by Anonymous · 3⤊ 0⤋
We are bankrupting ourselves. The russians just sit back and watch the show.
2007-10-11 07:10:16 · answer #7 · answered by BrushPicks 5 · 4⤊ 0⤋
no the US is doing a fine job of bankrupting itself, really it started with the removal of the gold standard, from there everything else has followed a logical course.
2007-10-11 06:58:20 · answer #8 · answered by vegan_geek 5 · 2⤊ 0⤋
Russia doesn't have that capability. Besides, we Americans are doing a very nice job of doing it to ourselves, all by ourselves, thank you very much.
2007-10-11 07:41:40 · answer #9 · answered by ? 6 · 0⤊ 0⤋
one of the major problems with the soviet union was a war in afghanistan. young soviets died. millions a day were spent on a war that was not winable. rather than provide education and healthcare for the population soviet leaders pumped resources into afghanistan and other cold war venues. they did it to themselves as we now do to ourselves.
2007-10-11 18:32:36 · answer #10 · answered by Anonymous · 0⤊ 0⤋