Will the USA default?

[scumdog]

Well said. All empires rise and fall, but I just wish it wasn't in my lifetime that it will be China's turn, that's all. When you've actually lived in the country, speaking the language with them and you understand exactly how the people's minds tick; it's only then that the thought can truly scare you shitless.

What he says is true, be afraid, be very afraid..

Ethics and 'human rights' aren't in their language, hence how they're advancing so quickly..

[Indiana_Jones]

What he says is true, be afraid, be very afraid..

Ethics and 'human rights' aren't in their language, hence how they're advancing so quickly..

+1

-Indy

[shrub]

What he says is true, be afraid, be very afraid..

Ethics and 'human rights' aren't in their language, hence how they're advancing so quickly..

+ another one. China's incredible growth has come at the expense of unbelievable environmental degradation and social injustice. I believe they are looking at NZ as a potential acquisition that will provide their elites with gourmet food. Kind of like we did for dear old Blighty back in the first half of the 20th century, only instead of paying whatever we ask they will pay what they need to, and if they own a substantial percentage of our farms and infrastructure as well as being our bankers, don't expect to get rich.

[Edbear]

Interesting background on the problem, here...

http://english.pravda.ru/business/fi...e_usa_debts-0/

[Edbear]

I hear the US is considering printing some more money...

[mashman]

I hear the US is considering printing some more money...

according to telly the other night, the US mint have been making dollar coins (at .32 cents a pop), even though they are no longer used in circulation and the scheduled run is not meant to end until 2016. They are pumping out US $560,000 per day of these things... wonder why they need 'em if they are no longer in circulation? there are warehouses full of the shit, whitehouses too

[mashman]

"The eurozone countries and the International Monetary Fund will give Greece a second bailout worth 109 billion euros ($A145 billion), on top of the 110 billion euros (NZ$61.8 billion) already granted a year ago."

waaaaaaaa ha ha ha haaaaaaaaaaaaa... Reckon they'll be back next year??? perhaps the same people will bail the US out... whoever they are.

[shrub]

"The eurozone countries and the International Monetary Fund will give Greece a second bailout worth 109 billion euros ($A145 billion), on top of the 110 billion euros (NZ$61.8 billion) already granted a year ago."

waaaaaaaa ha ha ha haaaaaaaaaaaaa... Reckon they'll be back next year??? perhaps the same people will bail the US out... whoever they are.

Very interesting stuff. I notice that the private sector are now involved to the tune of NZ$183.7 billion, and that has some very scary ramifications. "New Zealand - now brought to you by Bank of China". The end of democracy and the return of a form of monarchy where the King is not a man but a corporation? I might dig out my Orwell books and Brave New World - I always enjoy reading current affairs.

[avgas]

Russia, China, Hong Kong and Korea have been strangely quiet over the financial issues facing the West, are they playing a waiting game?

Russia = poor overall
Hong Kong = China
China = buy the stuff when it gets cheap. They bought SAAB and Hummer off GM recently. Currently eyeing up Lincoln off ford and Dodge.
South Korea = 0.5 x US$ + 0.5 x Yen ......so they will fall hard too
North Korea = see Russia.

[avgas]

Well said. All empires rise and fall, but I just wish it wasn't in my lifetime that it will be China's turn, that's all. When you've actually lived in the country, speaking the language with them and you understand exactly how the people's minds tick; it's only then that the thought can truly scare you shitless.

If it comes to taking up arms to defend this country from them, I'll fight to the death. As far as I'm concerned, life is over once the creditors come knocking and our sovereignty is handed into their jaws.

I for one have taken a different approach.
I embrace our new Chinese overlord. I have married into their culture and now we have a half-cast offspring.
Huan yīng guǎng lín wěidà de tǒngzhì zhě

fyi the rest of you are fucked. Sorry.

[avgas]

As for jet engines, they still haven't stolen the technology or reverse-engineered the ability to produce reliable high performance fighter engines.

Aye?
Seen the press in the last 2 years. There is currently a tech war between JH-7 and PAK FA........ US are just showing pretty paintings of the F22 replacement "NATF" and then there is that Joint forces fighter - which is based of old tech.

And in NZ we don't even have anti-aircraft LAV's......

[Swoop]

Seen the press in the last 2 years.

I try and avoid "the press" for accurate info on military subjects and use int. sources.
Top of the line fighter jet engines are tricky for china. They still have to buy engines for the Migs.

[avgas]

I try and avoid "the press" for accurate info on military subjects and use int. sources.
Top of the line fighter jet engines are tricky for china. They still have to buy engines for the Migs.

Sorry by press I mean "internal" stuff. Places like www.airforce-technology.com (GLobal defence is parent group) etc is quite handy. See what orders are placed and what manufacturers are doing a good few years before it hits normal press.
Of course there are sources that know the information before these guys - but if I told you who I would have to kill you lol

[slofox]

What have we learned in 2,066 years?

"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance."

- Cicero - 55 BC

Evidently nothing.

[avgas]

Not entirely true.
We learnt the world is round.