7 Comments

1. Chris Berez  •  Nov 22, 2009 @1:17 pm
   

   Wow, I don't think I've laughed at something SNL has done in like 15 years. That's actually really brilliant.

2. Jdog  •  Nov 22, 2009 @1:40 pm
   

   This is a good thing. Nobody should be above satire.

   Well, yeah; it bothers me tremendously that that has to be pointed out. And it does.

3. lpont  •  Nov 22, 2009 @6:17 pm
   

   Scary thing, is that this is not to far off the mark. We are much to in debt with China and if they decide to call the loan, we are screwed. The value of the American dollar will be completely in the shitter.

   Very good skit!!!

4. Mike D  •  Nov 22, 2009 @7:07 pm
   

   I stopped watching SNL years ago so I don't really know how funny it is these days, but that was one funny skit.

5. Mike  •  Nov 23, 2009 @1:29 am
   

   We are much to in debt with China and if they decide to call the loan, we are screwed.

   They will be equally screwed. China is part of our Ponzi scheme. We don't call it a Ponzi scheme, due to brainwashing and conditioning.

   China loans us money so that we can purchase their products with the borrowed funds. Under macroeconomic theory, this makes everyone richer. That is, of course, silly. And yet that's been our so-called word economy for several years.

   China has remained the base of the Ponzi. If they back out, we'll be our own base. The difference between a government-run Ponzi and Madoff's Ponzi is that the U.S. government, by being able to print its own money, can always serve as the base of the Ponzi scheme.

   How long before that base collapses? That's the exciting question. Living in the days before the base collapses will be among the most interesting years of our lives – terrifyingly, traumatically, and devastatingly interesting.

6. Dave (ND)  •  Nov 23, 2009 @9:55 am
   

   You can't call these kind of "loans." They all have fixed maturities.

   Perhaps more importantly if people wanted to loan me money at rates nearing 0% I'd be backing up the truck asking for it.

7. Mike  •  Nov 23, 2009 @7:52 pm
   

   Perhaps more importantly if people wanted to loan me money at rates nearing 0% I’d be backing up the truck asking for it.

   Of course. See, e.g., home-equity loans/using house as ATM to purchase depreciating assets and other consumables. See, also, recent market meltdown.

   The U.S. is living on payday loans. We keep borrowing money to spend on things that will not lead to a positive ROI. There's a hope we're going to get a super large bonus or something that will put us in the clear.

   The same thinking that leads a person into financial ruin has led the U.S. to financial ruin.