CuitoImpossible. One third of the US national income was claimed by the financial system, when the trade deficit of the USA was 600 billion dollar per year alone.
It does show, that most of that financial claims are paper ones.
When China will claim the US debts, the USA has to declare insolvency.
.
Chine holds about $760 billion of US Treasury Securities. The Chinese can sell these securities on to a third party, but they cannot “claim” their debts from the US. Perhaps you’re thinking of commercial loans extended by banks wherein the banks often have the option of “calling” the loan and forcing the debtor to pay the balance within 30 days or so. The US Treasury redeems its securities at maturity, which can be up to 30 years out.
Also, bear in mind that China holds only about 7% of US debt ($760 billion out of about $10 trillion). About 45% of it is owed to our own central bank. The Chinese holdings are hardly critical.
CuitoNumbers are very misleading sometimes. In that very case they do not exclude the debit side. To create the GDP you have both, the positive and negative values, which do give a total turnover. Most of the values in the books are assumed ones as it can be seen at 9/15 of last year, when billions did vanish “overnight” and all the world did come to the rescue of the USA, when writing-off US debts with taxpayers money.
No US public debt has ever been written off by anyone. As for saving America’s private financial system, that was saved by the US Federal Reserve pumping in hundreds of billions of dollars and by the US Treasury. Any actions foreigners took was to save their own economies and their own banks.
CuitoNo need. All what US deliver to PAK is consider technology attainable by China. They have been screen before being approved by US congress.
But I believed Pakistan will buy even lesser things from US and more from China as China military technology is catching up US fast. What US can provided to Pakistan can be easily replaced by Chinese supplied and at even cheaper price.
The F-16 C/D block 52 deal reduced to just 18 pieced is a clear indication of that.
Chinese equipment is cheaper, simpler to operate and maintain, and comes with fewer restrictions than US equipment. Those are the reasons Pakistan will increasingly buy from China.
US & France already backed off, why would Russia differ ?
China is to become the worlds largest economy, who want’s to **** in their back yard ?
Did anyone recognize Taiwan as a sovereign country ?
World’s largest economy? lol
US GDP is $14 trillion, China GDP is $4.4 trillion. The American economy has technology, innovation, and intellectual freedom on its side. The Chinese economy has slave labor and rampant violations of intellectual property rights on its side. In the medium run and the long run, innovation and freedom will defeat slave labor and the constant production of knock-offs of other people’s products.
And the American naval presence in E and SE Asia indicates that we don’t frackin care about s__ting in China’s backyard. In the words of G.W. Bush, bring it on!
CuitoAir France jet’s flight-control system under scrutiny
Automated messages before the crash point to a failure of the system that flies the plane most of the time, experts say. Weather looks like less of a factor.
By Ralph Vartabedian
June 5, 2009…The sequence of events forced the crew of Flight 447 to fly the jet manually, a difficult task on an Airbus traveling at high altitude near its maximum speed, aviation experts said. Any significant change in airspeed could have caused the plane to lose lift or stability, both potentially deadly conditions.
http://www.latimes.com/news/nationworld/world/la-fg-brazil-crash5-2009jun05,0,6741218.story
Can anyone verify that this is true (I take these summaries provided by reporters with grains of salt)? The aircraft may be normally on autopilot when flying high and fast, but is it actually difficult to fly them manually in such a situation? I thought flying the plane manually was more laborious than actually difficult, or dangerous, as this article seems to imply.
CuitoThanks,
I thought, as you come across confident of assertion about each country, you had some inside info or atleast point out why it is in each case:)I would not call google information, about a country(Iran) which does not share information factual. Most of those self satisfying reports are worthless, if you ask me.
But then again its only your opinion.
His statement is compatible with publicly available information. India is decades ahead – they have ICBM technology, even though they don’t build ICBMs. Pakistan’s missiles, whether indigenous or not, are more capable.
CuitoSo, uh, where else are you going to get the twenty-one million barrels of crude oil you use per day from?
From our good friends the Saudis, for now; there is no serious threat to the relationship. But for the medium term and long term we will develop alternative energy sources and will tap more petro assets here in the US and in Canada.
CuitoLOL, and what are you gonna do then? If you lose influence in ME, you lose the link crude –> US dollar. If you lose that, who will need dollars, at all?
There is no sign at all of the US losing influence in the ME. The Saudis, Egyptians, Qataris, Bahrainis all need the US more than we need them. We help these people stay in power and prevent some of these regimes from succumbing to neighbors.
Without linking crude to US$, USA are presently unable to earn enough foreign currency because they don’t produce meaningful amounts of exportable consumer products and their financial services have earned pretty bad reputation in recent time.
Their financial services?? Banks from Germany, to the UK, to Ireland, to Iceland are insolvent and/or illiquid. Spain just had its credit rating cut. The Brits just repealed a 150 year old law requiring the Bank of England to report new money creation – and the only reason they would do this is to print pounds in secret.
The US is, by far, in the best position to come out of this global slump like a roaring lion.
CuitoWe should build about 220 more. About 70 for the Air Force and 150 for the Navy. It will take some doing to navalize the aircraft, but the US has been throwing money at everything lately so, so what.
CuitoYeah the democrats showed what a bad idea it would be to in Social Security in the stock market since they caused the stock market to tank to begin with, thank you Fanny Mae and Freddie Mac.
Alan Greenspan and Christopher Cox (a Bush appointee) both said, a few days ago, that Fannie and Freddie were not the main cause of the problem. Greenspan admitted that his ideology, the ideology of radically unregulated free-markets, was wrong. His belief that the banks would regulate themselves out of a desire for self-preservation was incorrect. They failed to regulate themselves and the credit crisis is the result.
The Gramm-Leach-Bliley Act, sponsored by three Republicans, was also a major cause of the credit crisis.
The Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act, Pub.L. 106-102, 113 Stat. 1338, enacted November 12, 1999, is an Act of the United States Congress which repealed part of the Glass-Steagall Act of 1933, opening up competition among banks, securities companies and insurance companies. The Glass-Steagall Act prohibited a bank from offering investment, commercial banking, and insurance services.
The Gramm-Leach-Bliley Act (GLBA) allowed commercial and investment banks to consolidate.
http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act
The Republicans decided to throw out the wisdom that had been hard-won during the Great Depression and now here we are.
CuitoYeah the democrats showed what a bad idea it would be to in Social Security in the stock market since they caused the stock market to tank to begin with, thank you Fanny Mae and Freddie Mac.
Alan Greenspan and Christopher Cox (a Bush appointee) both said, a few days ago, that Fannie and Freddie were not the main cause of the problem. Greenspan admitted that his ideology, the ideology of radically unregulated free-markets, was wrong. His belief that the banks would regulate themselves out of a desire for self-preservation was incorrect. They failed to regulate themselves and the credit crisis is the result.
The Gramm-Leach-Bliley Act, sponsored by three Republicans, was also a major cause of the credit crisis.
The Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act, Pub.L. 106-102, 113 Stat. 1338, enacted November 12, 1999, is an Act of the United States Congress which repealed part of the Glass-Steagall Act of 1933, opening up competition among banks, securities companies and insurance companies. The Glass-Steagall Act prohibited a bank from offering investment, commercial banking, and insurance services.
The Gramm-Leach-Bliley Act (GLBA) allowed commercial and investment banks to consolidate.
http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act
The Republicans decided to throw out the wisdom that had been hard-won during the Great Depression and now here we are.
CuitoA source for the information on the idea of nationalizing the 401(k)s
“A plan by Teresa Ghilarducci, professor of economic-policy analysis at the New School for Social Research in New York”
That’s a plan of one prof., not a plan of the Democratic party.
And even she was talking about offering incentives for an alternative program, NOT taking over/nationalizing existing accounts.
CuitoA source for the information on the idea of nationalizing the 401(k)s
“A plan by Teresa Ghilarducci, professor of economic-policy analysis at the New School for Social Research in New York”
That’s a plan of one prof., not a plan of the Democratic party.
And even she was talking about offering incentives for an alternative program, NOT taking over/nationalizing existing accounts.
CuitoThread moved to General Discussion, on popular demand.
Discuss away, gentlemen !
You’ve got a little more than a week (or more if they can’t figure out who voted and who didn’t in FL.. 😉 )
And on a personal note, I really hope the dems don’t win this one .. Social policies and taxing businesses is the last thing you need to relaunch an economy. Bringing the manufacturing back in the country, on the other hand, might help, because, let’s face it, except for military items, about everything else comes into containers, in Long Beach..
Actually, Obama wants to cut corporate income taxes.
It’s McCain who has given up on American manufacturing. His elite-wealthy allies make more money by outsourcing the jobs to low-cost countries and importing the manufactured goods back to the US.
And Obama and the Democrat’s are going to shatter that record the second victory is confirmed. You wish the 401k seizure is BS, the Democrat’s are using the tanking stock market as an excuse to roll the 401ks into Social (SO/SO) Security and invest in Government Bonds that earn a mere 3%.
Actually, no they aren’t.
On the other hand, they have shown what a disaster having invested Social Security money in the stock market (as Bush wanted) would have been.
My source about the 401k comes from hot asian Republican babe Michelle Malkin.:) Perhaps that’s why the liberals hate Palin. She’s a babe and the liberal women are all hags.:diablo:
Malkin is a discredited liar.
If you think there is a shred of truth to that claim then you are losing contact with reality.
CuitoThread moved to General Discussion, on popular demand.
Discuss away, gentlemen !
You’ve got a little more than a week (or more if they can’t figure out who voted and who didn’t in FL.. 😉 )
And on a personal note, I really hope the dems don’t win this one .. Social policies and taxing businesses is the last thing you need to relaunch an economy. Bringing the manufacturing back in the country, on the other hand, might help, because, let’s face it, except for military items, about everything else comes into containers, in Long Beach..
Actually, Obama wants to cut corporate income taxes.
It’s McCain who has given up on American manufacturing. His elite-wealthy allies make more money by outsourcing the jobs to low-cost countries and importing the manufactured goods back to the US.
And Obama and the Democrat’s are going to shatter that record the second victory is confirmed. You wish the 401k seizure is BS, the Democrat’s are using the tanking stock market as an excuse to roll the 401ks into Social (SO/SO) Security and invest in Government Bonds that earn a mere 3%.
Actually, no they aren’t.
On the other hand, they have shown what a disaster having invested Social Security money in the stock market (as Bush wanted) would have been.
My source about the 401k comes from hot asian Republican babe Michelle Malkin.:) Perhaps that’s why the liberals hate Palin. She’s a babe and the liberal women are all hags.:diablo:
Malkin is a discredited liar.
If you think there is a shred of truth to that claim then you are losing contact with reality.
CuitoThe Dem’s already think Obama has won and are already making plans to turn us into the United Socialist States of America.
Teddy K is working on national health care and dem’s are holding meetings about taking over the 401ks.
No, George Bush has just socialized America to a far greater extent than any previous president. And your talk about 401(k)s is pure-BS.
Really, this arguement about Palins lack of experience is laughable. Especially, considering she is the VP Candidate and has more experience the the Presidential Candidate on the other ticket.
Even McCain staffers admit that she has a fundamental lack of understanding on several key issues:
But two sources, one Palin associate and one McCain adviser, defended the decision to keep her press interaction limited after she was picked, both saying flatly that she was not ready and that the missteps could have been a lot worse.
They insisted that she needed time to be briefed on national and international issues and on McCain’s record.
“Her lack of fundamental understanding of some key issues was dramatic,” said another McCain source with direct knowledge of the process to prepare Palin after she was picked. The source said it was probably the “hardest” to get her “up to speed than any candidate in history.”
http://www.cnn.com/2008/POLITICS/10/25/palin.tension/index.html
Face it, this woman makes George Bush look intelligent.
Please, keep making your point. As it just sell the Republican Ticket!:D
Only in your head, mister. All the polls have Obama up by roughly 10 percent.
Alaska’s population size is irrelevant, with regards to demonstrating leadership..
Population size is not irrelevant. Leading a platoon and leading a division are NOT equivalent experiences.
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