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.
You're both wrong.Quote from Chiqou:
It is absolutely hilarious to me how you Americans quickly forget the whole point of the discussion
25 years ago USA DID NOT HAVE DEBT IT HAS NOW
25 years ago USA DID NOT OUTSOURCE everything to stinkin China etc
25 years ago USA was not in Iraq and Afghanistan
Quote from Misthos:
Why don't we all just admit that the global sovereign bond market, to a large degree, will just ultimately collapse?
What will the consequences of such an event be? Who knows. It's not just about economics - but geopolitics as well. Too many moving parts in the global marketplace to make even a close prediction.
But I can't see it ending well. That's as good of a prediction that I can make.
But, if I had to pick winners, it would be nations with abundant natural resources including energy, decent climate for food production that produces a surplus, and a strong military to protect those tangible benefits.
We will return to a world that measures its country's wealth not on the faith and credit of a country's BS financial system and FIRE economy, but in the REAL STUFF that can be grown, mined, or drilled from its soil. A military helps too - the bigger the better.
Just like Jim Rodgers once said - financial engineers should drive tractors. To which I would add - or swing a pick to mine, or carry a gun to defend. That's all that matters. Typing on a keybopard to earn an extravagant living will become more and more rare.![]()
Quote from jprad:
Uh, you might want to look a bit deeper into who's buying the bulk of Russian output.
I'll give you a hint, it ain't the BRIC countries...
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"
Quote from fkbsuhites:
The problem is we are under the clutches of some of the filthiest, most vile, disgusting, evil critters on earth.
Who needs enemies when you have internal enemies like Bush, Cheney, Tom DeLay, Phil Gramm, Glenn Beck, Rush Limbaugh and the entire filthy swath of illiterate inbred right infestation of the southern states.