Community Chat

[NoelSeven]

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@YorkieonmyPillow wrote:

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@NoelSeven wrote:

Valid opinion is always based on facts where possible

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That's your opinion.

There are no real "facts" anymore. Everything is or has been in the process of being rewritten.......revised, etc.

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No, that is not merely my opinion, it's basic knowledge in any logic or debate class.  Try getting through college not knowing that... you won't.

And yes, there are real facts, some people are just unfamiliar with them.

[YorkieonmyPillow]

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@NoelSeven wrote:

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@YorkieonmyPillow wrote:

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@NoelSeven wrote:

Valid opinion is always based on facts where possible

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That's your opinion.

There are no real "facts" anymore. Everything is or has been in the process of being rewritten.......revised, etc.

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No, that is not merely my opinion, it's basic knowledge in any logic or debate class.  Try getting through college not knowing that... you won't.

And yes, there are real facts, some people are just unfamiliar with them.

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I have a college degree. I'm through with college, as far as I know.

So yeah. I got through college, got my degree....my gawd how condescending.

Isn't there a balloon somewhere that needs popping?

[esmeraldagooch]

They have been talking about their economy and stocks for weeks, Currancy is next.

http://www.zerohedge.com/news/2015-08-03/chinese-economy-crashes-2-year-low-china-stocks-plunge-asia...

[NoelSeven]

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@esmeraldagooch wrote:

They have been talking about their economy and stocks for weeks, Currancy is next.

http://www.zerohedge.com/news/2015-08-03/chinese-economy-crashes-2-year-low-china-stocks-plunge-asia...

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esmerelda, it looks like you're quoting some guy who responded to a blog, Tyler Durden.

Who is he?

[RainCityWoman]

Actually, our economy is doing quite well. The worry should be if China calls in payment of the loans we got from them back in the early 2000's and beyond. That would put us in a world of trouble.

[YorkieonmyPillow]

@RainCityWoman that's really what I am referring to. Massive debt is never a good idea, IMHO.....

[Cakers3]

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@YorkieonmyPillow wrote:

@RainCityWoman that's really what I am referring to. Massive debt is never a good idea, IMHO.....

It's not that simple.  China would never call in all debts; the devaluation of the dollar would cause international market collapse and China would not escape unscathed.

Everytime our dollar drops our debt to China becomes less valuable.  Even their threats to start selling off Treasury holdings hurts them;  our dollars begins to drop and competition in world markets also drops. 

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[esmeraldagooch]

The chart was from Bloomburg

[esmeraldagooch]

Brazil, India , Russia and others are now considering what to do.