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Sadly Americans dont see it and are easily distracted by the flavor of the day topic

 

…what were you saying again? :D

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Sadly Americans dont see it and are easily distracted by the flavor of the day topic

Why should they care? A Porsche made in Germany is being sold for less in the USA than in Germany. And we not only export the Porsche cheap to the USA but are also lending them the money to purchase it.

 

Same is true with all the TVs and other goods from China. USA gets the goods and money, China gets the bonds.

 

So why should the American care? He gets the Porsche, big TV, new smartphone and the rest of the world bonds.

 

The average voter will only care when he drives to Walmart and 50% of the import stuff is gone and the other half way more expensive. Then he might get an idea that the rest of the world has financed the US lifestyle.

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Why should they care? A Porsche made in Germany is being sold for less in the USA than in Germany. And we not only export the Porsche cheap to the USA but are also lending them the money to purchase it.

Same is true with all the TVs and other goods from China. USA gets the goods and money, China gets the bonds.

So why should the American care? He gets the Porsche, big TV, new smartphone and the rest of the world bonds.

The average voter will only care when he drives to Walmart and 50% of the import stuff is gone and the other half way more expensive. Then he might get an idea that the rest of the world has financed the US lifestyle.

The illusion that we get it cars cheap is an illusion here is why. I personally dislike debt, as a result I dont finance cars. I buy it straight out. In The US there are many people driving car that are worth more than their annual salary, how are they able to get fancy car on a annual income thats a lot less, easy. The US hands out easy credit. Many US are i debt not understanding that they actually owe more than what the value of the car is bc they now added banking fees and charges on top of that and special insurance for the banks.

So a large chunck of the nation lives on credit. And it extends to every sector not just cars. Wait for the big one, when student loan debt crisis hits...This will make the housing crisis look like a cakewalk.

 

As for China, China sees the writting on the walls, and are shifting their currency reserves gradually to euros. They are also promoting their citiziens to save and buy gold. So China wanst to make sure they have assets on hand. Contrast to the US where our GDP is based on spending. IfmAmericans as a whole were to start saving, out economy would collapse, bc we create a situation we deficit spending is a must, but unfortunately it relies heavily on borrowed money. Again what will happen on the .day China says sorry your credit is no good. Thats why im left speechless when I hear US politicians say the fundamentals of the economy are strong, when its not, the fundamental of our economy is based on borrowing money, taxing more and spending more. or when politicians promote "growth" , when a politician in the US says growth its code for more spending, which means more debt.

 

I agree many in the .States dont care, bc they can still get stuff "cheap" but watch everyone scream how could this have happened? when the sh!t hits the fan, and the US admitts its insolvent.

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I agree many in the .States dont care, bc they can still get stuff "cheap" but watch everyone scream how could this have happened? when the sh!t hits the fan, and the US admitts its insolvent.

Don't worry, when that happens I'm here to buy out your collections cheap ;)

 

The last financial crisis was actually quite nice, a lot more stuff for sale and a lot less buyers.

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Don't worry, when that happens I'm here to buy out your collections cheap ;)

The last financial crisis was actually quite nice, a lot more stuff for sale and a lot less buyers.

Im personaly am not worry, the Patriot in me is, bc I see how polticians in both parties are destroying the country on an economic level. I moved my money abroad a few years back. and the last crisis, did not affect me like it did the majority of the nation. But .i dont think the Student loan debt crisis will be as nice... Few reasons, US citizens cant discharge the debt in court, so this debt lingers for the rest of your life, if they cant collect from you they ultimately can send the IRS after you for student loans. And now they have added a feature called parental contribution. .this is code for getting oarents to co sign on debt. So incase a kid defaults they have mom and pop to go after. This last election during the debates i was suprised no one picked up on both candidates promoting the status quo. .they were asked what are you going to do to curtail our expensive education system, both of them said I will work with banks to make it easier for you to get student LOANS so that you can afford to go to school... Easier to get a student loan, basically both candiates said i will make it easier for you to come out with massive debt when your done with school. The sad part is this is so obvious,b but special interest has too much control over politicians. Im not sure if many were aware but when They were trying to get congress to approve the bank bail out many politicians refused to approve the bail out unless they added a provision to remove propose plans to restrict student loans abuse by banks. Guess what the provisions were removed and the bail out was signed. So banks got away with two crimes, housing loan abuse and student loan abuse.

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UpDATE:

 

The person I purchased, the item from was banned from Amazon. That month a lot of claims I guess were filed due to items never being delivered. And their rating that month dropped to 78%

 

Anyway I filed a cliam, left a poor review and a poor review on Yelp. I guess somene in management, realized being banned from amazon, is bad for their business so I notice that they went back to all the neg reviews and apologized. I was refunded my money and the claim was closed. Today I recieved a package with two items I order totalling over $200. The item was shipped express and shipped days after Amazon closed the case. In it was an apology and a letter to keep the two items and a request to edit the Amazon review.

 

So should I edit my review?

 

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Basically they wrote they are sorry for the bad experience and you can keep the items. Yeah I realize its a sort of buy out, since I guess they are probably appealing to Amazon to get reinstated. The items I received, I already purchased somewhere else after I got refunded. I guess should edit it to at least a 3 or a 4 from a 1 that I had given them. But yeah I guess Im ahead now with the free items. I

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