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America's Century Is Over...

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Article makes a number of valid points but neglects to fully explain the symbiotic relationship the U.S has with China.

If the U.S goes P-O-P! then we're all stuffed.

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Article makes a number of valid points but neglects to fully explain the symbiotic relationship the U.S has with China.

If the U.S goes P-O-P! then we're all stuffed.

We are... but they're following the collapse of empire rule book, unfortunately. To quote the article:

It was during this period, Arrighi argues, that commerce started to play second fiddle in Britain to finance, just as it had in Genoa and Holland when their phases of pre-eminence were drawing to a close. The financialisation of the American economy in turn can be traced back to the mid-1970s, so by this interpretation of history, the dotcom collapse of 2000-01 and the financial crisis of 2007-08 (with the military entanglements in Iraq and Afghanistan sandwiched in between) are part of a much longer term development. According to this thesis, the concentration of economic power on Wall Street, the stagnation of incomes for all but the rich, the structural trade deficit, the military overreach, the switch from being the world's biggest creditor nation to its biggest debtor add up to a simple conclusion: we are in the twilight years of the long American century

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Someone in the comments makes the very good point that US unemployment is nearer 17% due to the way the unemployed drop off the statistics, and those that just "give up" are not counted. Not sure what is saving Obama from a "pitchfork moment." :unsure:

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Someone in the comments makes the very good point that US unemployment is nearer 17% due to the way the unemployed drop off the statistics, and those that just "give up" are not counted. Not sure what is saving Obama from a "pitchfork moment." :unsure:

300 million people on Prozac. I'm sure they're glad it's all over. We were glad the war was over.

Mind you, we were happy with the NHS as our reward - they're not.

Maybe you're right - pitchfork moment coming.

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Article makes a number of valid points but neglects to fully explain the symbiotic relationship the U.S has with China.

If the U.S goes P-O-P! then we're all stuffed.

It will go P-O-P. But I do think the good ol' USA will recover more quickly than Europe in the end. China will take a hit on the value of its Treasuries, but it will survive! They must wonder why they wanted to buy so many when they could have bought more hard assets, mining Companies, resources etc.

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" America's Century Is Over... Structural problems can only be fixed one way... "

I believe Adolf Hitler solved this very problem..."total war" I think it was called at the time.

http://en.wikipedia.org/wiki/Total_war

"World War II

The Second World War can be considered[by whom?] the quintessential total war of modernity. The level of national mobilization of resources on all sides of the conflict, the battlespace being contested, the scale of the armies, navies, and air forces raised through conscription, the active targeting of civilians (and civilian property), the general disregard for collateral damage, and the unrestricted aims of the belligerents marked total war on a multicontinental scale."

Is this what we have to look forward to ?

What happens to your title deeds when the chinese march into London and take your house off you ?

:blink:

Edited by TheCountOfNowhere

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It will go P-O-P. But I do think the good ol' USA will recover more quickly than Europe in the end. China will take a hit on the value of its Treasuries, but it will survive! They must wonder why they wanted to buy so many when they could have bought more hard assets, mining Companies, resources etc.

I seem to recall the Chinese trying to buy a US port's infrastructure but being denied on national security grounds. I'd guess if they tried to buy out anything major in the US at all, they'd be stopped from doing so.

Frankly, if I were them I'd be dumping US Treasuries in return for any hard assets that they can get their hands on. The US simply isn't going to make good on its debt obligations (most likely be printing, rather than defaulting outright) so what's the point on taking on ever more debt that won't be worth a damn? I know they need to keep workers in jobs and their economy expanding but they must know that the train is nearing the buffers.

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According to an article in The Times last weekend the only areas in the US that are now economically buoyant are the area around the military complex - military bases, factories who make ships, planes, bombs, bullets, etc.

The article argued that the US is now so driven economically by war that if they came out of Afghanistan they would have to find somewhere else - Somalia, Yemen, Georgia, etc. Went on to say that the mindset in large parts of America is that of a warrior nation.

The thing is though, the countery they need to go to war with is, um, well.... there are lots of countries they need to go to war with... but China is the one... inevitable this century I fear.

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According to an article in The Times last weekend the only areas in the US that are now economically buoyant are the area around the military complex - military bases, factories who make ships, planes, bombs, bullets, etc.

The article argued that the US is now so driven economically by war that if they came out of Afghanistan they would have to find somewhere else - Somalia, Yemen, Georgia, etc. Went on to say that the mindset in large parts of America is that of a warrior nation.

The thing is though, the countery they need to go to war with is, um, well.... there are lots of countries they need to go to war with... but China is the one... inevitable this century I fear.

US Army does not have enough attack helicopters to wage a ground war on a massive scale with 741 Apache Longbow in service. China has 7,000 tanks, North Korea has 3,000 and Russia has 20,000.

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According to an article in The Times last weekend the only areas in the US that are now economically buoyant are the area around the military complex - military bases, factories who make ships, planes, bombs, bullets, etc.

The article argued that the US is now so driven economically by war that if they came out of Afghanistan they would have to find somewhere else - Somalia, Yemen, Georgia, etc. Went on to say that the mindset in large parts of America is that of a warrior nation.

The thing is though, the countery they need to go to war with is, um, well.... there are lots of countries they need to go to war with... but China is the one... inevitable this century I fear.

eventually its going to be East vs West, how far is it, its anyones guess.

US military exercises in Chinese backyard is all part of it so is Russian violation of our air space some 18 odd times in last 12 months or so.

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Article makes a number of valid points but neglects to fully explain the symbiotic relationship the U.S has with China.

If the U.S goes P-O-P! then we're all stuffed.

This true. The US buy a lot of kit from us, Jerry and the Chinks.

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According to an article in The Times last weekend the only areas in the US that are now economically buoyant are the area around the military complex - military bases, factories who make ships, planes, bombs, bullets, etc.

The article argued that the US is now so driven economically by war that if they came out of Afghanistan they would have to find somewhere else - Somalia, Yemen, Georgia, etc. Went on to say that the mindset in large parts of America is that of a warrior nation.

The thing is though, the countery they need to go to war with is, um, well.... there are lots of countries they need to go to war with... but China is the one... inevitable this century I fear.

The US are a reactive nation. They were disinterested in WW1 until Jerry sank one of their ships.

They were isolationist on WW2 until the Japs bombed PH.

They hit that nice Mr. Hussein as a reaction to the bombing in NY.

We will have WW3 soon enough after the Russias complete their nuke project in Iran to take out Israel. Mr. Hitler would be green with envy at the prospect--a nuke is a super oven. Funny bedfellows really, as the Russians are still anhilating anything Moslem in Chechnya etc.

That all said, I am certain many on here would like to send the end of the US so that we can be run by the Russians or perhaps the Islamists. Might even say that some might have preferred Mr. Hitler to have taken us over or even that nice Mr. Stalin. What a load of fools some people are.

Edited by Realistbear

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The US are a reactive nation. They were disinterested in WW1 until Jerry sank one of their ships.

They were isolationist on WW2 until the Japs bombed PH.

They hit that nice Mr. Hussein as a reaction to the bombing in NY.

We will have WW3 soon enough after the Russias complete their nuke project in Iran to take out Israel. Mr. Hitler would be green with envy at the prospect--a nuke is a super oven. Funny bedfellows really, as the Russians are still anhilating anything Moslem in Chechnya etc.

That all said, I am certain many on here would like to send the end of the US so that we can be run by the Russians or perhaps the Islamists. Might even say that some might have preferred Mr. Hitler to have taken us over or even that nice Mr. Stalin. What a load of fools some people are.

so what we have achieved so far under US rule! boom & bust the worst is yet to come, thanks to Uncle Sam. It has destroyed this planet.

We should have stayed independent, too late now.

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I seem to recall the Chinese trying to buy a US port's infrastructure but being denied on national security grounds. I'd guess if they tried to buy out anything major in the US at all, they'd be stopped from doing so.

Frankly, if I were them I'd be dumping US Treasuries in return for any hard assets that they can get their hands on. The US simply isn't going to make good on its debt obligations (most likely be printing, rather than defaulting outright) so what's the point on taking on ever more debt that won't be worth a damn? I know they need to keep workers in jobs and their economy expanding but they must know that the train is nearing the buffers.

62.3% of China's wealth is based on what they have sold to the US. The US have been pumping billions into the Chinese economy and made them super wealthy. We have done our bit to help China too as most of our tat is made there. Had we and the US not bought so much Chinese stuff they would not be as wealthy as they are today.

Bottom line: why are the Chinese complaining that the US has been buying so much of their stuff? Come to think of it the US have been lining the pockets of the Desert Coons* too.

I had a BIG SHOCK the other day. Bought an Allen & Heath Zed 436 mixing desk as I wanted to be patriotic. When it arrived you could have knocked me over with a feather--the ting is now made in China!

*Alf Garnet lives :D

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62.3% of China's wealth is based on what they have sold to the US. The US have been pumping billions into the Chinese economy and made them super wealthy. We have done our bit to help China too as most of our tat is made there. Had we and the US not bought so much Chinese stuff they would not be as wealthy as they are today.

Bottom line: why are the Chinese complaining that the US has been buying so much of their stuff? Come to think of it the US have been lining the pockets of the Desert Coons* too.

I had a BIG SHOCK the other day. Bought an Allen & Heath Zed 436 mixing desk as I wanted to be patriotic. When it arrived you could have knocked me over with a feather--the ting is now made in China!

*Alf Garnet lives :D

What the 'eck are you up to? I'm sure I remember you saying you were buying some lighting equipment a few months back. Are you branching into wedding entertainment?

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What the 'eck are you up to? I'm sure I remember you saying you were buying some lighting equipment a few months back. Are you branching into wedding entertainment?

Nope--the ZED436 is a big mother--way too large for discos or even weddings. This is heavy pro-sound gear. <_<

Allen & Heath were one of the last UK built manufacturers--down in the West Country somehwre. I suppose HPI caused them to offshore as they couldn't pay their workers enough to pay their super-high West country mortgages.

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Here are the recent US unemployment figures - the most important point to note is these are averages for the whole USA.

U6

The States with the worst unemployment rate have a quarter of their working age population out of work. Likewise youth unemployment is running at around 25%. These are truly horrendous facts that Obama knows will drag the USA into a depression unless the cost can be transferred to other countries. The first stage of course was to sell CDOs and CMOs to Europe, Asia and the M.E. via scum in the City of London who work for US investment banks. Stage 2 is now coming clear. Obama is asking Congress to approve writing down large tranches of Fannie Mae and Freddie Mac mortgage debts - this will hit not just US investors, but investors all around the world. Don't be surprised to hear the US sold more than 50% of this debt overseas. If I am correct then the plan is clear: the US is aiming to defraud the world and Britain is culpable for disguising many of the toxic assets before on-selling. I hope I am wrong. If I am right then the USA is heading towards war with China and Asia who will within the next decade have every right to use military means to recoup their losses. If there are signs I am right then the EU should abandon NATO and build an independent missile defense system capable of allowing it to sit out a trans-pacific nuclear confrontation. At that point Britain will know where its special relationship started and ended.

The tipping point will be oil and water which are already scarce and being fought over in the ME.

Frankly - I see signs that we Europeans were very wrong in their assessment of Obama who is starting to pander to American mercantilism.

BTW - Does anyone know where we can find the UK and EU equivalents of U6?

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this is a pretty dim witted view of the reality. The US and UK chose to outsource manufacturing to China, and Germany, and Finland, and France, and the list goes on: in case you missed it these are countries that make useful things like TVs, and cars, and Ships, and Power stations, respectively. Read the article - it makes the valid point that some countries like the USA and UK chose to move from commercialism to financialism. That was always a faustian pact and doomed to end in disaster. As an engineer it was clear to me the City was filled with weak minded graduates most of whom were not fit to be scientists, engineers, doctors and the like. In the USA the lure of the American Dream pulled too many good minds into derivatives, while in the UK it was easier for the middle class to foster the nice but dim kids onto finance where it wouldnt matter if you were thick, all that mattered was coming from the right family. (Am i too harsh, in generalising, or close to the bone?)

62.3% of China's wealth is based on what they have sold to the US. The US have been pumping billions into the Chinese economy and made them super wealthy. We have done our bit to help China too as most of our tat is made there. Had we and the US not bought so much Chinese stuff they would not be as wealthy as they are today.

Bottom line: why are the Chinese complaining that the US has been buying so much of their stuff? Come to think of it the US have been lining the pockets of the Desert Coons* too.

I had a BIG SHOCK the other day. Bought an Allen & Heath Zed 436 mixing desk as I wanted to be patriotic. When it arrived you could have knocked me over with a feather--the ting is now made in China!

*Alf Garnet lives :D

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There is also a lot of similiarities between America today and the last days of the Roman Republic. For example the excessive use of slave labour by the Romans which destroyed the pricing power for the average Roman citizen's labour. Along with importing goods from all over their empire. Compared to America and the addiction to illegal immigrant labour and offshoring.

Another is the excessive concentration of wealth by Rome's rich, along with institutionalization of the rich's interests through the Senate. The Roman middle class; the plebes, were the backbone of the society and economy, but they had been disenfranchised.

But there was one meritocratic and well functioning part of the Roman Republic.. the military. When Caesar moved on Rome, the citizenry of Rome rallied behind him. Even though the rich Senators thought the people would oppose him trying to protect their republic and their democracy.

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  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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