charmlessman It's nice to see that he doesn't move away from the mic to breathe any more.
kwash Yup, he just kind of laid that out nicely. I was surprised he had such comprehensive knowledge of this.
THA SUGAH RAIN Except he doesn't. Most of what he just laid out there is some pretty ignorant bullshit.
gmol Well he implied that most of the US debt is owned by foreign countries, which is ridiculous; but hard to really pick out any other falsifiable claims he is making.
It's a song, and a nice one *shrug*.
Banal Intercourse The guy that sang "Chocolate Rain" has better grasp of monetary dynamics than SUGAH RAIN? Holy shit!!
baleen Yeah Sugah Rain, let's hear your understanding of economics.
baleen BTW China owns 8% of our debt. This is hardly a lion's share. Iran doesn't even come on the map, with a small slice somewhere in a bigger slice of OPEC countries. OPEC nations own about 2% of our debt.