The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2011 AFPU.S. urges Asia to help save global economy
HONOLULU©2021 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2011 AFP
24 Comments
Login to comment
some14some
"US urges Asia to help..." please do not expect anything from Japan, other major markets like China and India have nothing more to do...so? stay where we are !
tokyokawasaki
Every Nation (government) should stop borrowing immediately and stop spending more than they collect in taxes. Problem solved. Also, ditch the 'debt money system'. Only the major banks win with this ridiculous system.
Asking everyone (other countries) to lend more money is only making the problem grow. Debt is a global problem and we all need to be aware of how it came about and more importantly how to change the system before everything implodes...
kurisupisu
Surely this slowdown should be a call to embrace a more sustainable paradigm?
weedkila
A more truthful headline would read "U.S. urges Asian taxpayers to help save insolvent banks"
Elbuda Mexicano
TokyoVsKawasaki makes a good point, now just the USA for example if the USA would stop borrowing way more than it can ever pay off for the military industrial complex, with billions and billions of $$$ of unknown secret funds for secret projects etc..just the USA alone could pay off these loans funny countries like Portugal, Italy, Greece, Ireland etc..without ask for a single PENNY from those funny Chinese or not so funny Indians.
nath
Why should America pay off other countries bad loans?
tokyokawasaki
JapanGal - The US is not trying or offering to pay off anything.
Athletes
America can not afford to pay off other countries bad loans. It has a huge burden of sovereign debt. It will take many generations to repay. Next generation will curse their forefathers incompetence and extravagance. The root cause of debt problem was private debt transformed into public debt. Bailing out the failed and hopeless banks was a tragedy. Another factor were fighting two pro long wars. Since Mr Regan term, US debt has sky rocketed. When Mr Obama fixed the economy, it got more and more debt.
tokyokawasaki
@Athletes: Paying off the US national debt is impossible. If they suddenly repaid the debt there would be no money in circulation. It's called the 'debt money system'. it's a system that was introduced by the banking system and the banks never want it to end...
flechettes
yep, china is getting worried about collecting from the west!
Foxie
Did America ever save China when they weren't so well off? It is asking a bit too much and then in the meantime building a base in Darwin.
weedkila
I think that's the plan but in a malicious way that most people will not expect.
They (money power) and their bought and paid for politicians have been destroying the major economies by transferring wealth away from the middle class and by hollowing out economies. The unsustainable economic system we have now (keynesism) will eventually fail, as it was designed to do, but at a time of the elites' choosing. That time will most likely be when they've looted the taxpayer as much as possible and everyone is suffering.
The politicians will step in and say "Look, we've done our best to save the economies of the euro-zone and others. What we really need to do to solve this problem is to have a centralised global bank and central governing authority."
So the people who created the very problem we have now will be the same ones to offer the solution. It'll be the proverbial wolf dressed in sheep's clothing. They're already calling for this, in fact.
Euro Zone: Vatican Calls for 'Central World Bank' to Be Set Up - CNBC
http://www.cnbc.com/id/45013499
Vatican Calls for New World Economic Order
http://www.foxnews.com/world/2011/10/24/vatican-calls-for-new-world-economic-order/#ixzz1bkllCt9A
lostrune2
Consider it payback for rescuing the Asian Financial Crisis.
Arthur Dumbolov
STOP. FEEDING. USA.
Ben_Jackinoff
Yeah, but since you don't believe the "corporate media", you don't actually believe these stories you linked, do you? Nah, I did not think so.
just-a-guy
Can you tell me how to pay a 'respect' of America's dominace in the pacific region with a president like Mr Obama if you are the Chairman of China, Hu Jin Tao?
weedkila
You're right, I don't. Promoting and wishing hard for something doesn't mean it's going to turn out that way.
Ben_Jackinoff
Then, allow me to suggest you do not link things from sources you do not believe. It makes it extremely hard to take your arguments seriously.
weedkila
And you are the new moderator? If you find it extremely hard to take my arguments seriously then why are you so persistent in criticising them? You encourage me, thanks :)
PT24881
Mr. Geithner's point was surprising, if the US decided to cross its arms, then better off keep quiet ? Both Europe & Asia have their set of problems to resolve. Let's put it bluntly, Should the US start adopting a more responsible monetary policy & bring forward concrete measures to fix its own problems...until then, please stop pointing your arrogant fingers at others..
Rachel Styles
The US economy is in the toilet right now. A lot of people don't have jobs and a lot of people are protesting on wall street and blaming the banks for what is happening.
Ben_Jackinoff
weedkila,
You have spent the better part of your short posting career telling us how we should not believe anything corporate media tells us, especially about this financial crisis. Then you use the very media's you constantly tell us to ignore support your arguments and suggest we should suddenly believe corporate media when you want us to. It seems you protest too much about the media if their content is in fact truthful enough to you for you to use in this discussion. The Vatican, by the way, was merely saying their is too much corruption that that there should be a watch dog organization overseeing the process. Many of those occupying Wall Street agree with this. As far as Asia helping, IMHO, Asia has its own crisis now that they should be paying attention to, this is especially true of Japan.
weedkila
Can you quote me on that? And does a "short posting career" give me less credibility? Why do my posts bother you so much?
Am I not free to write my opinion on this board while staying within the guidelines? And even if I criticise the media for whatever reason (it's still a free world) why do you constantly feel the need to 'protect' other readers from my posts, as if they can't decide for themselves?
I see. Merely too much corruption and a watch dog organisation? The following quotes are from the Vatican via the above links. (I don't subscribe to the catholic channel or their newsletter so where else can I get this info?)
The Vatican called on Monday for the establishment of a "global public authority" and a "central world bank" to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.
The Vatican called Monday for radical reform of the world's financial systems, including the creation of a global political authority to manage the economy.
You once said to me on this board something like "You doth protest too much." I would say look in the mirror.
Ben_Jackinoff
You know I can. You wrote the stuff.
The length of your posting history has nothing to do with it. It is the fact that you constantly seem to be suggesting the media is not telling the truth. Then when it suits you, you quote them claiming it is true just because it supports your argument. I find it rather disengenuous.
Right back at you. Why do you feel the need to educate us on the media? Do you think we need to be spoon-fed? Just give your opinion. No need to tell us how or what to think about the media, especially when you clearly do think they tell the truth since you quoted them. So please stop telling people what to think about the media and just give your opinion about the stories here instead. Is that too much to ask?