US Debt Ceiling

We kill Canada. :twisted:

As I have stated before, liquidate the rich and there corporations.

1. Wouldn't cover the debt, 2. puts probably half of the workforce in unemployment, 3. is a ridiculous non-solution that only a radical with no care for reality would propose.

Hmmmmm, maybe that's Obama's ace in the hole?

1. I am sure that the vast majority of the GDP can fill the defict. 2. By liquidate(when it comes to corporations), I mean nationalize. 3. lolk.

But Congress wouldnt let it happen

All we would do is stop barrowing money from China until they stopped devauling their currency.

So now you support state capitalism... Contrasts pretty heavily with syndicalism which, since you now just listen to Demon on every issue, you should strongly support.

Nationalizing only corporations is unfair to the rest of private enterprise, and seizing the assets of the rich is just a brutish spiteful move that serves to fix nothing.

Your "solution" is simply NEVER going to happen.

Also, two words. Transition. Costs.

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I support these measures if you want to save the USA. I do not listen to demon on every issue, I firmly believe in a marxist basis for any anarchist society. I am not a syndicalist, I just support the abolishion of the state as a route to communism because all "workers states" have degenerated back into capitalism or are on the verge to.

Infact the reasons why I have become a Libertarian Marxist are unrelated to this forum, I became a anarchist due to the kind folks on #ranarchism on irc.freenode.net

Well, there goes my ego trip.....

Question: why does China hold the debt of the US?

They don't hold all of it, they hold a sizeable chunk. And in reality they hold bonds from the Fed. from when we issued new money to pay for shit. Most countries hold their bonds in sovereign amounts because 1. it's fair due to how inflation works, 2. because this is how trade wars get started, and 3. I believe it's an I-law now, or at least an extremely popular non-binding agreement. At the moment China is technically holding it in sovereign currency, but they manipulate their currency to be pegged to the USD, meaning that it's extremely overvalued due to inflation. If they held it at its real value it would cut their portion of our held debt at least in half, though it's hard to say exactly because they've been doing it for so long.

Obviously they are doing what they are doing on purpose. They are not stupid, so obviously they are not looking out to make sure America thrives.

Well the way Great Britain corrected its trade deficit with China during the 19th century was to start importing high potency opium into China, so all that the US has to do is start exporting say crack cocaine to China and all will be well...for the US.

Exactly, we just have to get them all high =D

America's economic survival is in their best interest. They're just manuipulating the system to get as much as they can.