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ONE BOURBON, ONE SCOTCH, ONE BEER
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<blockquote data-quote="Cariboocreek" data-source="post: 217793" data-attributes="member: 4940"><p>There are many ways to pay back debt. When the vast majority of the debt note is held by the Chinese government, debt repayment is and can be overlooked by other “in kind” transactions. Although they do not specifically pay down the debt, issues like Huawei 5g have a far greater positive impact financially for the Chinese than does our debt repayment.</p><p></p><p>You and I view borrowing as a way to stretch our buying power, but that is limited to our ability to repay. No such restriction takes place globally as there are other geo-political matters afoot. There is zero intent at the federal level to repay this massive debt. Its not even viewed as a debt to the Chinese. Its viewed as a downpayment on the purchase of Canada. Remember it is Trudeau who said, “ “There’s a level of admiration I actually have for China because their basic dictatorship...”</p><p></p><p>We are completely and totally screwed.</p><p></p><p>Officially derailed.</p></blockquote><p></p>
[QUOTE="Cariboocreek, post: 217793, member: 4940"] There are many ways to pay back debt. When the vast majority of the debt note is held by the Chinese government, debt repayment is and can be overlooked by other “in kind” transactions. Although they do not specifically pay down the debt, issues like Huawei 5g have a far greater positive impact financially for the Chinese than does our debt repayment. You and I view borrowing as a way to stretch our buying power, but that is limited to our ability to repay. No such restriction takes place globally as there are other geo-political matters afoot. There is zero intent at the federal level to repay this massive debt. Its not even viewed as a debt to the Chinese. Its viewed as a downpayment on the purchase of Canada. Remember it is Trudeau who said, “ “There’s a level of admiration I actually have for China because their basic dictatorship...” We are completely and totally screwed. Officially derailed. [/QUOTE]
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ONE BOURBON, ONE SCOTCH, ONE BEER
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