This is exactly how things are going to Play out, inside USA

Quote from jprad:



China? You've got to be kidding to rely on any of their FACTs when the Yuan is pegged and every damned bank, factory and other industry is propped up by the government.
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As is the case for the US and Europe.

As Jim Rogers says (2th Rogers quote?) Marx must be dancing in his grave.

Winners will be the slumbs where billion of people live today without having a toilet of their own to take a dump on.

What do they care C just went bankrupt?

Kudos to them.

It's about time the playing field got leveled.
 
Quote from Chiqou:

Russian Central bank has also announced selling USD and buying CDN. Nothing new, demise of the dollar seems open secret at this point.
I spent an hour thinking about this and it seems pretty clear how things will happen.

- USA is trying to cheat the world and not pay debt.

- So they will devalue US dollar into extinction but they need a "event like 9/11"

- Event is going to happen that will overnight put the US into emergency law and action.

- This event may be some new comeback of type of Swine flu H1N1 or maybe another "terrorist attack"

- The defaulting of debt will happen together with this "event"

- Collapse of economy will be blamed on this "EVENT"

- The world will be told, "sorry we had this EVENT, too bad, sorry"
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Good.

Wars have also ended depressions. India and Pakistan both have nukes, but i hope we don't go there.
 
Quote from jprad:

25 years ago the FACT (at the time) was that Japan was going to kick the US' ass.

How'd that turn out?
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Umm, they did.

I'll tell you how that turned out. Toyota, Nissan, and Honda took marketshare away from our big three. GM and Chrysler went BANKRUPT. FRIGGIN BANKRUPT. Cash for Clunkers showed our desperation to keep them somewhat afloat.

The issue with Japan however, is that it is an aging population with minimal resources. You can't just be good at one thing. (Manufacturing)
 
Quote from Misthos:

Umm, they did.
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Not even close.

Everywhere you looked and every pundit you heard was talking about Japan, Inc.

It involved way more than the auto industry. It was consumer electronics, 5th generation computing, purchasing trophy properties in the US.

Sure, Japan's auto industry had grown to dominate the consumer car industry, but heavy trucks and related equipment, military vehicles?

BTW, Chrysler had to be bailed out back then, remember Lee Iaccoca?

Point is, unlike what the pundits were saying about the future, it didn't turn out to be anything as dire as was being said.

Japan grew for sure, but it overtake the US.
 
Quote from Debaser82:

As is the case for the US and Europe.
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I'm pissed as hell about the bank and auto bailouts in the US.

But, when you compare it to what goes on in China it's not even close to the same degree of involvement in depth or breadth.
 
Quote from jprad:

25 years ago the FACT (at the time) was that Japan was going to kick the US' ass.

How'd that turn out?

OIL and GAS was there before, and didn't prevent the old USSR from imploding.

I say they're another 1980s Japan until proven otherwise.

China? You've got to be kidding to rely on any of their FACTs when the Yuan is pegged and every damned bank, factory and other industry is propped up by the government.
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Who cares if oil and gas were there "before". "Before" there was not the same level of global demand, i.e., BRIC.
 
I am reminded of the Knights Templar. Everyone owed them large. So they said they were Satanic and executed them. There ya go no more debt. Central Bankers beware. lulz
 
Quote from Alexandre:


Only Canada still seem to be okay. Well, they are very close to the US. Wouldn't take much to perform a little anschluss I guess.
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Funny, I like that.

Or, how about the Canadians take back Alaska :)
 
Quote from DrPepper:

You raise a very good point that I had not considered. Everyone talks about Canada, Russia, the Mid-East, China and Australia as being rich in natural resources because they have gold and/or oil. But our country is rich in the natural resource of food production. I don't keep track of agricultural exports, but aren't we one of the largest exporters of agricultural products? Isn't China an importer of agricultural products? I guess if I had to choose between gold, oil or food, I would choose food.
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Exactly...apparently people seem to overlook the "little fact" that the US is potentially the biggest producer of food, and also has perhaps the biggest supply of natural gas.

Yeah...the US has "no natural resources"...oh, except the only 2 that really matter at the end of the day. :D
 
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