olyclimber

Its cool and all though...we can just print some more money to pay off our debts. Its all good.

Consequences of foreign ownership of U.S. debt A traditional defense of the national debt is that we "owe the debt to ourselves", but this is increasingly not true. U.S. Treasury statistics indicate that, at the end of 2006, foreigners held 44% of federal debt held by the public. [22] About 66% of that 44% was held by the central banks of other countries, in particular the central banks of Japan and China. In total, lenders from Japan and China held 47% of the foreign-owned debt.[23] Some argue this exposes the United States to potential financial or political risk that either banks will stop buying Treasury securities or start selling them heavily. In fact, the debt held by Japan reached a maximum in August of 2004 and has fallen nearly 3% since then. [24] Last year, the central banks of Italy, Russia, Sweden, and the United Arab Emirates had announced similar shifts out of the dollar and into other currencies or gold citing the United States' "twin deficits" (i.e. the U.S. trade deficit as well as its budget deficit) as the reason for the expected fall in the dollar's value.[25] [26] On May 20, 2007, Kuwait abandoned pegging its currency to the dollar preferring a basket of currencies. [27] Syria made a similar announcement on June 4th, 2007. [28]

China's 'Nuclear Option' US polticians have been calling for trade sanctions with China or pushing for a revaluation of the Yuan. [20] Recently Mr. Xia Bin (a cabinet member of China's Communist Party) described using the possible sale of US Bonds as a bargaining chip against a yuan revaluation. Described as China's "nuclear option" in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels. It would also cause a spike in US bond yields, hammering the US housing market and perhaps tipping the economy into recession. It is estimated that China holds over $900bn in a mix of US bonds.[21]

UDZvP7T3B30

pwnd

http://eteraz.org/2007/08/14/us-comptroller-slams-us-economic-inequity/ (no, does not rickroll you) Bush borrowed more than all previous 42 Presidents. Combined. Rome, here we come: According to the Treasury Department, from 1776-2000, the first 224 years of U.S. history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions, but in the past four years alone, the Bush administration borrowed $1.05 trillion.

damn, must have been a painful hike out. way to finish it! and i agree, we need to see pics of your foot all pinned up.

Fixed it. There was a missing "+" mark

yeah catbird, but i think

http://www.autoblog.com/photos/jeep-wrangler-jt-concept/ linkenator will be mine!

posted before, but still funny 9U0tDU37q2M

Something else broken.

player hater!

eric, just relax and enjoy the troll buddy.

http://www.prankmike.com/ I'm taking over for PeterPuget as the linkenator. This is basically a throw down challenge for him for that title.

oh...maybe you did. WELL SO WHAT! My question stands!

well CHUCK, you didn't put the UW Rock on there. What kind of idiots would hang out there? oh, and camalots are so yesterday. nobody is buying those anymore.

now you're talking. the telescopic properties are sure to protect!

or! the dumbest ones.

http://www.parks.wa.gov/parkpage.asp?selectedpark=Beacon+Rock You mean the Beacon rock that's on the north side of the Columbia? who would have known that chucK could troll like this. its amazing.

I see the workings of a great new guidebook here! Worst Climbs At the Worst Areas - The Worst Piles of Choss in Washington State

It looks like I have a piece of mail in my chair...I'll have to go into work and see what it is. Second thought....nah.

I assure you I have no productivity or re-productivity issues. But ya, the rest of my co-workers are all slackers.

I'm working from home this month, and my bastard co-workers foiled my cube