Out Of The AAA Club, Now This? Read This American Slaves!

[King Mayan]

Forberg: What is the end-game here? You hate us Americans, we get it. Move on.

He must destroy the USA with his posts. Everybody kicks a big dog when he's down...

[Nats' Fan]

He must destroy the USA with his posts. Everybody kicks a big dog when he's down...

True.. We will be back, though. Someday..

[xbalto]

rest of the world still comes to the US to study... US is the engine of scientific and intellectual development

Academic Ranking of World Universities - 2010

<table id="UniversityRanking" name="UniversityRanking" border="0" cellpadding="0" cellspacing="0" width="0"><tbody><tr> <th scope="col">World
Rank</th> <th scope="col">Institution</th> <th scope="col">Country</th> <th scope="col">National
Rank</th> <th scope="col">Total
Score</th> <th scope="col"> Score on
</th> </tr> <tr><td class="ranking">1</td><td class="rankingname" width="300">

Harvard University

</td><td>

</td><td>

1

</td><td>

100.0

</td><td>

100.0

</td></tr><tr class="alt"><td class="ranking">2</td><td class="rankingname" width="300">

University of California, Berkeley

</td><td>

</td><td>

2

</td><td>

72.4

</td><td>

67.6

</td></tr><tr><td class="ranking">3</td><td class="rankingname" width="300">

Stanford University

</td><td>

</td><td>

3

</td><td>

72.1

</td><td>

40.2

</td></tr><tr class="alt"><td class="ranking">4</td><td class="rankingname" width="300">

Massachusetts Institute of Technology (MIT)

</td><td>

</td><td>

4

</td><td>

71.4

</td><td>

70.5

</td></tr><tr><td class="ranking">5</td><td class="rankingname" width="300">

University of Cambridge

</td><td>

</td><td>

1

</td><td>

69.6

</td><td>

88.5

</td></tr><tr class="alt"><td class="ranking">6</td><td class="rankingname" width="300">

California Institute of Technology

</td><td>

</td><td>

5

</td><td>

64.4

</td><td>

50.3

</td></tr><tr><td class="ranking">7</td><td class="rankingname" width="300">

Princeton University

</td><td>

</td><td>

6

</td><td>

60.8

</td><td>

56.4

</td></tr><tr class="alt"><td class="ranking">8</td><td class="rankingname" width="300">

Columbia University

</td><td>

</td><td>

7

</td><td>

60.4

</td><td>

70.7

</td></tr><tr><td class="ranking">9</td><td class="rankingname" width="300">

University of Chicago

</td><td>

</td><td>

8

</td><td>

57.3

</td><td>

65.5

</td></tr><tr class="alt"><td class="ranking">10</td><td class="rankingname" width="300">

University of Oxford

</td><td>

</td><td>

2

</td><td>

56.4

</td><td>

56.2

</td></tr><tr><td class="ranking">11</td><td class="rankingname" width="300">

Yale University

</td><td>

</td><td>

9

</td><td>

54.6

</td><td>

48.6

</td></tr><tr class="alt"><td class="ranking">12</td><td class="rankingname" width="300">

Cornell University

</td><td>

</td><td>

10

</td><td>

52.6

</td><td>

42.3

</td></tr><tr><td class="ranking">13</td><td class="rankingname" width="300">

University of California, Los Angeles

</td><td>

</td><td>

11

</td><td>

52.2

</td><td>

27.2

</td></tr><tr class="alt"><td class="ranking">14</td><td class="rankingname" width="300">

University of California, San Diego

</td><td>

</td><td>

12

</td><td>

50.0

</td><td>

15.1

</td></tr><tr><td class="ranking">15</td><td class="rankingname" width="300">

University of Pennsylvania

</td><td>

</td><td>

13

</td><td>

49.0

</td><td>

32.9

</td></tr><tr class="alt"><td class="ranking">16</td><td class="rankingname" width="300">

University of Washington

</td><td>

</td><td>

14

</td><td>

48.7

</td><td>

24.4

</td></tr><tr><td class="ranking">17</td><td class="rankingname" width="300">

University of Wisconsin - Madison

</td><td>

</td><td>

15

</td><td>

46.4

</td><td>

36.5

</td></tr><tr class="alt"><td class="ranking">18</td><td class="rankingname" width="300">

The Johns Hopkins University

</td><td>

</td><td>

16

</td><td>

46.0

</td><td>

43.6

</td></tr><tr><td class="ranking">18</td><td class="rankingname" width="300">

University of California, San Francisco

</td><td>

</td><td>

17

</td><td>

46.0

</td><td>

0.0

</td></tr><tr class="alt"><td class="ranking">20</td><td class="rankingname" width="300">

The University of Tokyo

</td><td>

</td><td>

1

</td><td>

45.9

</td><td>

33.3

</td></tr><tr><td class="ranking">21</td><td class="rankingname" width="300">

University College London

</td><td>

</td><td>

3

</td><td>

44.4

</td><td>

32.9

</td></tr><tr class="alt"><td class="ranking">22</td><td class="rankingname" width="300">

University of Michigan - Ann Arbor

</td><td>

</td><td>

18

</td><td>

44.2

</td><td>

36.5

</td></tr><tr><td class="ranking">23</td><td class="rankingname" width="300">

Swiss Federal Institute of Technology Zurich

</td><td>

</td><td>

1

</td><td>

43.4

</td><td>

34.1

</td></tr><tr class="alt"><td class="ranking">24</td><td class="rankingname" width="300">

Kyoto University

</td><td>

</td><td>

2

</td><td>

43.1

</td><td>

33.7

</td></tr><tr><td class="ranking">25</td><td class="rankingname" width="300">

University of Illinois at Urbana-Champaign

</td><td>

</td><td>

19

</td><td>

42.6

</td><td>

35.4

</td></tr></tbody></table>

[forsberg21]

You are lower than the slime that grows on the vag of that pathetic creature that birthed you. Keep posting ridiculous graphs you have no understanding or comprehension of. Keep sucking your socialist partners across the oceans rooster. I have survived shit a pussy like you could not even imagine. Any time you want to go at it in any way shape or form let me know. You are and always have been all talk mark ass bitch. By the way congratulations on winning the Stanley cup.... oh wait...

USA's unemployment rate over time, what's more to understand than that? It's pretty simple, maybe you're the one who doesn't get it?

It's funny how you bash these "socialist" countries (you probably don't even know what that means", yet these "socialist" countries consistently get ranked as the best nations on the planet to live in. When the US government started bailing out banks and the auto industry, wasn't that "socialist"??? The US is "socialist" too you know. Social Security, Medicare, etc.

By the way, Forsberg did win 2 Cups, 1 MVP and 1 Scoring Title during his career, that's all I care about.

[forsberg21]

rest of the world still comes to the US to study... US is the engine of scientific and intellectual development

Academic Ranking of World Universities - 2010

<table id="UniversityRanking" name="UniversityRanking" border="0" cellpadding="0" cellspacing="0" width="0"><tbody><tr> <th scope="col">World
Rank</th> <th scope="col">Institution</th> <th scope="col">Country</th> <th scope="col">National
Rank</th> <th scope="col">Total
Score</th> <th scope="col"> Score on
</th> </tr> <tr><td class="ranking">1</td><td class="rankingname" width="300">

Harvard University

</td><td>

</td><td>

1

</td><td>

100.0

</td><td>

100.0

</td></tr><tr class="alt"><td class="ranking">2</td><td class="rankingname" width="300">

University of California, Berkeley

</td><td>

</td><td>

2

</td><td>

72.4

</td><td>

67.6

</td></tr><tr><td class="ranking">3</td><td class="rankingname" width="300">

Stanford University

</td><td>

</td><td>

3

</td><td>

72.1

</td><td>

40.2

</td></tr><tr class="alt"><td class="ranking">4</td><td class="rankingname" width="300">

Massachusetts Institute of Technology (MIT)

</td><td>

</td><td>

4

</td><td>

71.4

</td><td>

70.5

</td></tr><tr><td class="ranking">5</td><td class="rankingname" width="300">

University of Cambridge

</td><td>

</td><td>

1

</td><td>

69.6

</td><td>

88.5

</td></tr><tr class="alt"><td class="ranking">6</td><td class="rankingname" width="300">

California Institute of Technology

</td><td>

</td><td>

5

</td><td>

64.4

</td><td>

50.3

</td></tr><tr><td class="ranking">7</td><td class="rankingname" width="300">

Princeton University

</td><td>

</td><td>

6

</td><td>

60.8

</td><td>

56.4

</td></tr><tr class="alt"><td class="ranking">8</td><td class="rankingname" width="300">

Columbia University

</td><td>

</td><td>

7

</td><td>

60.4

</td><td>

70.7

</td></tr><tr><td class="ranking">9</td><td class="rankingname" width="300">

University of Chicago

</td><td>

</td><td>

8

</td><td>

57.3

</td><td>

65.5

</td></tr><tr class="alt"><td class="ranking">10</td><td class="rankingname" width="300">

University of Oxford

</td><td>

</td><td>

2

</td><td>

56.4

</td><td>

56.2

</td></tr><tr><td class="ranking">11</td><td class="rankingname" width="300">

Yale University

</td><td>

</td><td>

9

</td><td>

54.6

</td><td>

48.6

</td></tr><tr class="alt"><td class="ranking">12</td><td class="rankingname" width="300">

Cornell University

</td><td>

</td><td>

10

</td><td>

52.6

</td><td>

42.3

</td></tr><tr><td class="ranking">13</td><td class="rankingname" width="300">

University of California, Los Angeles

</td><td>

</td><td>

11

</td><td>

52.2

</td><td>

27.2

</td></tr><tr class="alt"><td class="ranking">14</td><td class="rankingname" width="300">

University of California, San Diego

</td><td>

</td><td>

12

</td><td>

50.0

</td><td>

15.1

</td></tr><tr><td class="ranking">15</td><td class="rankingname" width="300">

University of Pennsylvania

</td><td>

</td><td>

13

</td><td>

49.0

</td><td>

32.9

</td></tr><tr class="alt"><td class="ranking">16</td><td class="rankingname" width="300">

University of Washington

</td><td>

</td><td>

14

</td><td>

48.7

</td><td>

24.4

</td></tr><tr><td class="ranking">17</td><td class="rankingname" width="300">

University of Wisconsin - Madison

</td><td>

</td><td>

15

</td><td>

46.4

</td><td>

36.5

</td></tr><tr class="alt"><td class="ranking">18</td><td class="rankingname" width="300">

The Johns Hopkins University

</td><td>

</td><td>

16

</td><td>

46.0

</td><td>

43.6

</td></tr><tr><td class="ranking">18</td><td class="rankingname" width="300">

University of California, San Francisco

</td><td>

</td><td>

17

</td><td>

46.0

</td><td>

0.0

</td></tr><tr class="alt"><td class="ranking">20</td><td class="rankingname" width="300">

The University of Tokyo

</td><td>

</td><td>

1

</td><td>

45.9

</td><td>

33.3

</td></tr><tr><td class="ranking">21</td><td class="rankingname" width="300">

University College London

</td><td>

</td><td>

3

</td><td>

44.4

</td><td>

32.9

</td></tr><tr class="alt"><td class="ranking">22</td><td class="rankingname" width="300">

University of Michigan - Ann Arbor

</td><td>

</td><td>

18

</td><td>

44.2

</td><td>

36.5

</td></tr><tr><td class="ranking">23</td><td class="rankingname" width="300">

Swiss Federal Institute of Technology Zurich

</td><td>

</td><td>

1

</td><td>

43.4

</td><td>

34.1

</td></tr><tr class="alt"><td class="ranking">24</td><td class="rankingname" width="300">

Kyoto University

</td><td>

</td><td>

2

</td><td>

43.1

</td><td>

33.7

</td></tr><tr><td class="ranking">25</td><td class="rankingname" width="300">

University of Illinois at Urbana-Champaign

</td><td>

</td><td>

19

</td><td>

42.6

</td><td>

35.4

</td></tr></tbody></table>

Great, so what's your point, that Americans themselves are too dumb to fill their own schools? They don't have enough intelligent ones so they have to bring in foreigners to fill the classrooms?

[Nats' Fan]

I think Forsberg is the ghost of c-gold. Let's find out. Forsberg, what do you think of black quarterbacks?

[King Mayan]

I think Forsberg is the ghost of c-gold. Let's find out. Forsberg, what do you think of black quarterbacks?

I don't think so, c-gold was broke and can't use google effectively.

[Nats' Fan]

I don't think so, c-gold was broke and can't use google effectively.

I wonder what ever happened to that kkk bastard.

[THE PROFIT]

who gives a fuk?

China knows not to ask for the money back & will give the US more if we ask

remember the bully in 7th grade that you gave your lunch money to every day?

We are that bully because we have all the goddamn bombs

[forsberg21]

who gives a fuk?

China knows not to ask for the money back & will give the US more if we ask

remember the bully in 7th grade that you gave your lunch money to every day?

We are that bully because we have all the goddamn bombs

Other nations with nuclear weapons:

1. Russia
2. United Kingdom
3. France
4. China
5. India
6. Pakistan
7. North Korea
8. Israel

Would you like to retract your statement?

[King Mayan]

Other nations with nuclear weapons:

1. Russia
2. United Kingdom
3. France
4. China
5. India
6. Pakistan
7. North Korea
8. Israel

Would you like to retract your statement?

The better question is how many bases do those countries have around the USA, and how many bases does the USA have around those countries???

[forsberg21]

The better question is how many bases do those countries have around the USA, and how many bases does the USA have around those countries???

The best question is, how much does operating and maintaining a base halfway across the world contribute to America's $14.3 trillion debt?

Great use of emotions by the way. Are both you and your brain 12 years old?

[King Mayan]

The best question is, how much does operating and maintaining a base halfway across the world contribute to America's $14.3 trillion debt?

Great use of emotions by the way. Are both you and your brain 12 years old?

All you do in every post is name-calling and you call me a 12 year old boy..


.

[forsberg21]

All you do in every post is name-calling and you call me a 12 year old boy..


.

Again, great use of emoticons there Mayan. It's too bad that you have to substitute words of substance with smiley faces.

I have a question for you. As an American taxpayer, what's your attitude towards your $102,000 share of the US national debt that is attributed to you?

[King Mayan]

Again, great use of emoticons there Mayan. It's too bad that you have to substitute words of substance with smiley faces.

I have a question for you. As an American taxpayer, what's your attitude towards your $102,000 share of the US national debt that is attributed to you?

Dont care. We're in a deep recession, of course we are struggling right now. You really think America can't get out of this??

[The Bet Master]

Your numbers are a little off. Other countries owe us money as well. We are in debt but it's not 14.3 trillion.

[forsberg21]

Your numbers are a little off. Other countries owe us money as well. We are in debt but it's not 14.3 trillion.

140,000,000 estimated US taxpayers. $14.3 trillion in debt. That comes out to roughly $102,000 for each taxpayer.

So what countries owe the US money? I'm pretty certain that no one owes the US anything substantial, and that this figure of $14.3 trillion is a NET figure, but if I'm wrong, please show us the source.

[andywend]

While Forsberg is correct that the USA has debt that will NEVER be paid off, he either can't comprehend or refuses to look at the bigger picture.

Forsberg, why does every country continue to pour in BILLIONS into U.S. Treasuries every day even though the 10 year T-bill is yielding barely over 2%? With all of the problems facing the U.S., all of the important people in society continue to flock to the U.S. for safety.

The reason lies in the strength of our military and thats what makes the U.S. the biggest, baddest nation on the planet. We can go into any country we wish (including yours) and take everything you have and there is absolutely nothing you could do to stop us.

Unfortunately, everything you're saying about the U.S. might come to pass if liberal democrats continue to try and drastically cut military (Pentagon) spending. If our military gets depleted to a large degree, then countries around the world will lose faith and the dollar will no longer be the world's reserve currency.

A TREMENDOUS AMOUNT of damage has been done to the U.S. and its reputation in the short time Obama has been our president and S&P's downgrade really says it all. If Moody's and Fitch downgrade us as well, then all hell will break loose.

In time, you might get what you really want which is the total destruction of the U.S.A. However, for now, the U.S. is still the #1 world Superpower.

Regardless of what happens to the U.S., you will always be a low class piece of human trash.

[The Bet Master]

140,000,000 estimated US taxpayers. $14.3 trillion in debt. That comes out to roughly $102,000 for each taxpayer.

So what countries owe the US money? I'm pretty certain that no one owes the US anything substantial, and that this figure of $14.3 trillion is a NET figure, but if I'm wrong, please show us the source.

I know US citizens have bonds worth at least 750 Billion in China alone. I'm sure we have them in other countries.

[forsberg21]

While Forsberg is correct that the USA has debt that will NEVER be paid off, he either can't comprehend or refuses to look at the bigger picture.

Forsberg, why does every country continue to pour in BILLIONS into U.S. Treasuries every day even though the 10 year T-bill is yielding barely over 2%? With all of the problems facing the U.S., all of the important people in society continue to flock to the U.S. for safety.

The reason lies in the strength of our military and thats what makes the U.S. the biggest, baddest nation on the planet. We can go into any country we wish (including yours) and take everything you have and there is absolutely nothing you could do to stop us.

Unfortunately, everything you're saying about the U.S. might come to pass if liberal democrats continue to try and drastically cut military (Pentagon) spending. If our military gets depleted to a large degree, then countries around the world will lose faith and the dollar will no longer be the world's reserve currency.

A TREMENDOUS AMOUNT of damage has been done to the U.S. and its reputation in the short time Obama has been our president and S&P's downgrade really says it all. If Moody's and Fitch downgrade us as well, then all hell will break loose.

In time, you might get what you really want which is the total destruction of the U.S.A. However, for now, the U.S. is still the #1 world Superpower.

Regardless of what happens to the U.S., you will always be a low class piece of human trash.

Hilarious. Even a first year Econ 101 student could have given me a better answer.

Foreign investors don't continue putting money into the US because of the US's military. That's just absurd. These investors put their money into US Treasuries because the US Dollar is the world's reserve currency. What are your other options? The Euro? That currency may not even exist in 5 years. The Yen? No. Japan's economy has been stagnant for 20 years. The Swiss Franc is a stable currency, but it wouldn't be able to absorb the volume of investment. The British Pound? No chance, it's already depreciated a great deal over the last 2 years.

The fact of the matter is, as an investment in government treasuries, the US is the lesser of all the evils, and this is only because the US is the world's reserve currency. The rest of your post isn't worth more than a piece of toilet paper smeared with smelly shyt.

[Monitor-Tan]

Guys, we are in a uncharted waters so to speak, EVERYTHING is based on speculation..

If US defaults what would happen..

Ultimately at the end, US may owe money but if they default we only have small idea whats to come, we don't really know what. We're in uncharted waters.. Everything is speculation..

US is the dominant country no matter what, it's still more stable in world economy then any other country as fellow poster stated. Countries still trade with the US.

Even if US defaults, things may take a bump but it'll be as SBR says best " BUSINESS AS USUAL"

If they don't, it'll take "forever" but it'll still be "BUSINESS AS USUAL"

Everything is speculation!

Regardless, whatever happens, it'll be business as usual because other countries look towards US to trade and etc..

[forsberg21]

I know US citizens have bonds worth at least 750 Billion in China alone. I'm sure we have them in other countries.

LOL, sure there pal! Source???

Why would US citizens invest in Chinese Yuan instead of their own treasuries??? That is the most blatant lie that I've heard today. $750 BILLION????? Are you serious? At least you could have used something a little more reasonable. Keep lying, maybe you'll get a few of those lies through next time.

America = Debt Slave

[The Bet Master]

LOL, sure there pal! Source???

Why would US citizens invest in Chinese Yuan instead of their own treasuries??? That is the most blatant lie that I've heard today. $750 BILLION????? Are you serious? At least you could have used something a little more reasonable. Keep lying, maybe you'll get a few of those lies through next time.

America = Debt Slave

Google "US citizens bonds in china"

[forsberg21]

Guys, we are in a uncharted waters so to speak, EVERYTHING is based on speculation..

If US defaults what would happen..

Ultimately at the end, US may owe money but if they default we only have small idea whats to come, we don't really know what. We're in uncharted waters.. Everything is speculation..

US is the dominant country no matter what, it's still more stable in world economy then any other country as fellow poster stated. Countries still trade with the US.

Even if US defaults, things may take a bump but it'll be as SBR says best " BUSINESS AS USUAL"

If they don't, it'll take "forever" but it'll still be "BUSINESS AS USUAL"

Everything is speculation!

Regardless, whatever happens, it'll be business as usual because other countries look towards US to trade and etc..

You type roughly 100 words and there was absolutely nothing worth any value in your post. Amazing. You have a great talent for not making any sense.

[Monitor-Tan]

Thank you, you sir do the same, you come here post and bitch about America, but at the end, your post are meaningless. You say you nail coffin to the US but we're still here, sorry to burst your bubble. I'm sure Obama is reading your thread right now.

[ACoochy]

who gives a fuk? China knows not to ask for the money back & will give the US more if we ask remember the bully in 7th grade that you gave your lunch money to every day? We are that bully because we have all the goddamn bombs

Profit china accepts that you probably wont be able to pay them back, so the next logical thing to do from their perspective would be to invade and take over select states (of their choosing) to the point where the debt will be covered...How does the United States of Chimerica sound? Has a certain ring to it dont u think

[opie1988]

Forsy-

Let's wrap this up, pal. About time for lights out. Tomorrow is a school day, you know the rules.

Nite, pal. (p.s. don't forget to wear your headgear.)

[King Mayan]

Profit china accepts that you probably wont be able to pay them back, so the next logical thing to do from their perspective would be to invade and take over select states (of their choosing) to the point where the debt will be covered...How does the United States of Chimerica sound? Has a certain ring to it dont u think

I would love for China to try that.

[forsberg21]

Google "US citizens bonds in china"

Please don't tell me you're referring to: americanbondholdersfoundation.com/

LOL. Why is it that this particular site is the only one that lists this fictitious $750 billion that Americans "apparently" hold worth of Chinese bonds.

Here's a question... and think of this long and hard:

Why would China, a nation that has TRILLIONS of dollars worth of foreign currency reserves, have to borrow money through the issue of bonds???

Does this make any sense?

Nice try liar. Take your propaganda site and your lies elsewhere.

[andywend]

As I previously stated, if things get bad enough in the U.S. (and they just might), we'll just hop across the pond and take everything you have which probably isn't very much.

You must have one pathetic life and I have no doubt you ABSOLUTELY WREAK OF FAILURE.

Are things so bad that you have to come onto this forum every other day and spew your hatred for the U.S.?

I can't imagine any worthwhile person would want anything to do with you and its clear that all the misery you are going through is richly deserved and heres hoping it continues.

[forsberg21]

Forsy-

Let's wrap this up, pal. About time for lights out. Tomorrow is a school day, you know the rules.

Nite, pal. (p.s. don't forget to wear your headgear.)

Headgear? Good one Opie. Let's add that with "Nerd" to your list of harmless, generic insults. Is that all you can come up with? Oh wait, I forgot to include my Facebook page and the PMs that I apparently sent to you.

Keep up your lies pal. You're only exposing yourself for the piece of shyt redneck you are. Well played LIAR.

[ACoochy]

I would love for China to try that.

Interesting concept though...So long as they target only southern states then im all cool with it

[The Bet Master]

Please don't tell me you're referring to: americanbondholdersfoundation.com/

LOL. Why is it that this particular site is the only one that lists this fictitious $750 billion that Americans "apparently" hold worth of Chinese bonds.

Here's a question... and think of this long and hard:

Why would China, a nation that has TRILLIONS of dollars worth of foreign currency reserves, have to borrow money through the issue of bonds???

Does this make any sense?

Nice try liar. Take your propaganda site and your lies elsewhere.

Sorry but this time your flat out wrong. These bonds were purchased a while back. You were wrong, just admit it.

[forsberg21]

As I previously stated, if things get bad enough in the U.S. (and they just might), we'll just hop across the pond and take everything you have which probably isn't very much.

You must have one pathetic life and I have no doubt you ABSOLUTELY WREAK OF FAILURE.

Are things so bad that you have to come onto this forum every other day and spew your hatred for the U.S.?

I can't imagine any worthwhile person would want anything to do with you and its clear that all the misery you are going through is richly deserved and heres hoping it continues.

The reason is simple. Americans think they're hot shyt and I'm just doing my civic duty as a global citizen to put them in their place and expose them for the pathetic nation they are.

The US used to be a country everyone looked up to. Now the place is going down the gutter and they still continue smoking that cheap patriotic crack to deal with the reality of their eventual demise.

[The Bet Master]

Concern is rising that should the US default and not pay its creditors in a timely manner, China will refuse to purchase US bonds in the future. This it is feared, will require the US to dramatically increase the interest rates offered to attract future US bond buyers, and toss the US economy back into the proverbial ditch.

It is certainly hoped the debt ceiling and future significant debtreductions will be agreed to soon in a way that is a genuine step forward, and not simply more business as well. But there is an avenue available for the United States to reduce its debt obligations by nearly $1 trillion.

China--the communist one-- owes the US $750 billion in interest andprincipal on bonds sold to American citizens for the first 50 years of the past century. These bonds are totally legitimate and many were to be paid back at a price pegged to the price of gold, with most coming due between 1959 and 1970.

In 1987, in the deal giving Hong Kong back to the PRC, British PrimeMinister Margaret Thatcher demanded that Peking pay the principal andinterest due on these same bonds. China accepted responsibility for making good on these bonds, under the successor government doctrine.

In 2003 at the United Nations, the Chinese demanded that Iraq be required to pay back its international obligations, despite the elimination of the government of Saddam Hussein.

The Chinese government sent the US government a note to its embassy inPeking a few years ago, officially refusing to honor their sovereign debt, thus defaulting on these obligations.

Previously, under the doctrine of sovereign immunity, the government inPeking was simply protected from lawsuits by American citizens to recover their rightful interest and principal.

Now, these bonds are not "warlord" bonds. They are real; they were sold by the Republic of China over many years to support infrastructure projects, and brokered and sold by the world's most important banks. The US has the right simply to withhold from Peking the interest owed China as an offset to the $750 billion owed American citizens. If we do this, we save nearly $1 trillion owed China and nearly $1 trillion gets invested in the US economy.

An organization formed many years ago for the express purpose ofrepresenting American bond holders is proposing that such funds as are owed to these Americans be transferred to the American Bondholders Foundation, and then disbursed to the holders of the bonds, with separate funds going to each state and a host of charitable organizations. Each state, from Maine to Florida, Alaska to California, Texas to Minnesota, would get a one-time payment of $2 billion.

A further benefit is that over a period of years, the US would be able to significantly reduce its debt obligations and as a result, bring its books into better balance, and deflect, for the moment at least, misguided calls for massive cuts in the US defense budget.

http://www.familysecuritymatters.org/publications/id.10042/pub_detail.asp