Quote from MohdSalleh:
Are you saying there's no circumstance that the USA will face a game ending scenario?
What the guy in the article is pointing out is that all hegemonic nations since the beginning of modern civilization has a tipping point whereby it becomes unsustainable and this tipping point is uncannily common, when the nation is no longer able to service their debt, decline and collapse becomes precipitous.
Quote from MohdSalleh:
Its not really a communist country, its more like a benign capitalist dictatorship
Quote from Retief:
I'm saying Reagan's legacy is the fall of the Berlin Wall and the collapse of the Soviet Union. The economy of the 1980's wasn't a peacetime economy - it was a cold war economy.
Obama's legacy will be the last helicopter out of Kabul.
Quote from Retief:
Yes, in the way that Neville Chamberlain was responsible for the defeat of Nazi Germany.
Quote from Petsamo:
The enitity that is more powerful than Obama & the Democrats is the US media (ABC, NBC, CBS, NY Times and other major newspapers).
The Marxist US media is what got this inexperienced, hard leftist, anti-military President elected.
Quote from MohdSalleh:
Quietly, discreetly, the Chinese are reducing their exposure to US Treasuries. Perhaps they have noticed what the rest of the world's investors pretend not to see: that the US is on a completely unsustainable fiscal course, with no apparent political means of self-correcting [/B]
Quote from adadadog:
U.S. government debt owned by Chinese is in single digits (5%?); owned by the FED is 50%+. Although International bankers own most of it, U.S. media controlled by them misleads the public and creates an illusion that China is the biggest U.S. creditor.