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U.S. urges Asia to help save global economy

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"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 !

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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...

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Surely this slowdown should be a call to embrace a more sustainable paradigm?

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U.S. urges Asia to help save global economy

A more truthful headline would read "U.S. urges Asian taxpayers to help save insolvent banks"

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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.

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Why should America pay off other countries bad loans?

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JapanGal - The US is not trying or offering to pay off anything.

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Why should America pay off other countries bad loans?

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.

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@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...

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signs of tensions between the United States and the Asia-Pacific’s other dominant power, China.

yep, china is getting worried about collecting from the west!

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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.

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Surely this slowdown should be a call to embrace a more sustainable paradigm?

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

-1 ( +1 / -2 )

Consider it payback for rescuing the Asian Financial Crisis.

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STOP. FEEDING. USA.

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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

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.

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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?

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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.

You're right, I don't. Promoting and wishing hard for something doesn't mean it's going to turn out that way.

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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.

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Then, allow me to suggest you do not link things from sources you do not believe.

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 :)

-3 ( +1 / -4 )

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..

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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.

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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.

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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.

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?

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.

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.

-3 ( +0 / -3 )

Can you quote me on that?

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.

as if they can't decide for themselves?

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?

weedkilaNov. 09, 2011 - 03:47PM JST Or since it's the corporate media I think it's more likely they were quietly 'told' to turn the headsets on rather than 'asked' not to.

weedkilaNov. 04, 2011 - 02:48PM JST There seems to be no end to the fear-mongering. The politicians, banks and media will go to any lengths to get people to throw away their money and liberty for a false sense of security.

weedkilaOct. 23, 2011 - 10:56AM JST So I use the MSM to show these disparities and to point out that the corporate media is often not to be trusted.

weedkilaOct. 21, 2011 - 02:30PM JST Hmmm. That bad man, Gaddafi, nobody should know anything about him other than what's said in the corporate media.

weedkilaOct. 20, 2011 - 02:58PM JST It's interesting that the media has changed it's focus of scaremongering from peak oil/peak energy to pollution and demand (thank you internet).

weedkilaOct. 18, 2011 - 08:17PM JST Do a search and you'll find that Reuters, AP and other corporate media organisations like these are either owned or indirectly controlled by the elite of the elite, the Rothschilds.

weedkilaOct. 18, 2011 - 08:17PM JST The elitists set up an argument or problem, control the debate through controlled politicians, the media etc, and finally come up with the solution that suits them.

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