Why America won't go down?
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Originally posted by Ibnanouk:
Well it appears that discussions on why the USA is printing money is all over the map. Let me clue you into why its happening: the Obama administration is doing a power grab: pure and simple. They are doing what Obama’s chief of staff Rahm Emanual said, “Never let a good crisis go to waste!” The deficits are NOT from the BUSH administration; he only over spent by $456 Billion USD; the Obama administration is on tract to overspend by $2 TRILLION USD! You can’t blame that on the previous administration. Obama is purely trying to nationalize everything he can get his hands on: banks, insurance co, autos, student loans, mortgages, etc. This is fascism in its purest form. Don’t confuse fascism with Nazism. One is the formation of production, the other is a political formation.
However, my real point is that the USA is moving head long towards fascism with the SCOTUS (Supreme Court of the US) denying an appeal to stay the Chrysler/Fiat deal. This is the first indication that even the US’s highest court can be intimidated by the Obama White House. This deal shows that “black letter law” can be subverted by upturning the entire bankruptcy law in the USA on its ear. While this inaction by the SCOTUS went unreported by the world’s media, it shows that the “rule of law” is no longer important in the US court system. It is the beginning of the slow erosion of the USA’s moral high road position. How can we, the USA, point our finger at any other nation that nationalizes its private industry, devalues its currency, and runs haphazard over its own “rule of law.”
It happens slowly just like it did in Germany in the 30’s. Watch 3 things in the USA to find out it will turn out:
1) Does the Obama administration continue to nationalize industries?
2) How does the US Treasury long term bond auction fare this week?
3) Does the public opinion turn against Obama as he continues to deficit spend?Only a more fiscally conservative party campaigning against the Obama Democratic Congress and a big win in 2010 will slow or begin to turn the USA back from their move towards collectivism.
Good discussions.
Nanouk (Alaska, USA)
Objection ! Read(click) High Court won't block Chrysler Deal.
"The opponents include a trio of Indiana pension plans, consumer groups and individuals with product-related lawsuits."
Is it not the duty of the Supreme court to protect the rights of US people and ensure the decision does not violates the constitution ?
Judicial restraint has been the current MO. yes ?
Would you rather Chrysler goes into liquidation just to benefit a handful whom are out to get a better deal ?
And it's not the spendings.. but the POLICIES of Bush Administrations that's causing a hugh stink right now.
And I don't think Obama is a fascist. During uncertain time.. it is important to have a strong leader . Unlike other Socialist states.. the Obama intervention comes with an exit clause.
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Originally posted by Ibnanouk:
Well it appears that discussions on why the USA is printing money is all over the map. Let me clue you into why its happening: the Obama administration is doing a power grab: pure and simple. They are doing what Obama’s chief of staff Rahm Emanual said, “Never let a good crisis go to waste!” The deficits are NOT from the BUSH administration; he only over spent by $456 Billion USD; the Obama administration is on tract to overspend by $2 TRILLION USD! You can’t blame that on the previous administration. Obama is purely trying to nationalize everything he can get his hands on: banks, insurance co, autos, student loans, mortgages, etc. This is fascism in its purest form. Don’t confuse fascism with Nazism. One is the formation of production, the other is a political formation.
However, my real point is that the USA is moving head long towards fascism with the SCOTUS (Supreme Court of the US) denying an appeal to stay the Chrysler/Fiat deal. This is the first indication that even the US’s highest court can be intimidated by the Obama White House. This deal shows that “black letter law” can be subverted by upturning the entire bankruptcy law in the USA on its ear. While this inaction by the SCOTUS went unreported by the world’s media, it shows that the “rule of law” is no longer important in the US court system. It is the beginning of the slow erosion of the USA’s moral high road position. How can we, the USA, point our finger at any other nation that nationalizes its private industry, devalues its currency, and runs haphazard over its own “rule of law.”
It happens slowly just like it did in Germany in the 30’s. Watch 3 things in the USA to find out it will turn out:
1) Does the Obama administration continue to nationalize industries?
2) How does the US Treasury long term bond auction fare this week?
3) Does the public opinion turn against Obama as he continues to deficit spend?Only a more fiscally conservative party campaigning against the Obama Democratic Congress and a big win in 2010 will slow or begin to turn the USA back from their move towards collectivism.
Good discussions.
Nanouk (Alaska, USA)
Way i see it, Obama's spending this paper money because he has to plug up the holes left behind by the Bush Administration.That's one thing i see as the problem with the American's 8 years presidential term. You're encouraged to only make sure the problem doesn't explode within your presidential term and leave the mess to be mopped by the next upcoming President.
One thing i noticed about Americans is that they tend to throw Socialism and Facism as if it's some sort of vulgar insult and self explanatory. While i can understand this for Facism, i really don't see why Socialism can somehow be so dirty a term.
But currently the way i see it, Obama has to resort to facist/socialist policies. The private sector is going out of control and there needs to be more government intervention to stop it from these corporations from ruining America. The private sector is not going to regulate themselves, there is no profit in doing that.
We believe that only governments could become corrupt and power hungry, ignoring the well being of their country. Why is it that we think that corporations would not become the same? It's easier for them no? They have no responsibility whatsoever to the people.
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Originally posted by AndrewPKYap:
That the Chinese can buy Tuas power is simply because Singapore has traitors in power. You cannot find such traitors in developed countries. When Taksin sold Shin Corp, he was hated as a traitor and Shin was his own private company. Tuas power was Singapore's national asset.
The Chinese could not even buy Rio Tinto.
If they want to get rid of their US Dollars, they will end up with third rate assets except when a country is run by traitors.
The Japanese and the Europeans are not interested in making their currencies the reserve currency because it is a two edged sword.
The Japanese and the Europeans have much longer histories of financial markets experiences than the communists.
China cannot do much and the little that it does is of no consequence but for it to do too much, it will only damage themselves but obviously they are ignorant of that, they areignorant of the damge it can cause them.
Does Singapore have a choice in not selling Tuas Power Plant, when Singapore is buying up Australia's Optus, Belgium's Belgacom, China's Eastern Airline, and shipyards in the USA - (one of which builds and maintain US naval vessels) ?
Rio Tinto is a business entity that is licensed to extract minerals that form part of the nature's heritage of Australia - can one sell away the license to allow a foreign nation to extract the natural wealth of a nation ?
If what you say is correct that - China is only able to get Third Rate Assets with her Sovereign Fund - it is surprising that these Third Rate Assets that China purchased has resulted in profit of US$10 Billion for the financial year ending 2008, when all the Singapore's talented skills manage to lose US$100 Billion for the same period.Yes, Europe and Japan may have more years of experience in financial markets than China, and both also have many more years of experience in industry and commerce as both have even invaded and colonised parts of China.
Yet, despite all the years of advance experience - how did it happen that both were left behind by China in a short span of 20 years after China open herself to the global market economy ?
Despite the decades of European and Japanese fiscal experience - both were badly strung by the recent global financial meltdown, while China remained well buffered from the "violent storm" ?
If the lack of experience can handicap China, surely it will also make her more cautious to learn and consider all options before making any daring departure from the established practices ?
China did it during the move to break away from the Socialist Economic Model - do not under-estimate the potential of the Chinese when they put their minds to solve problems that threaten their financial, military or political positions.
If we accept your premise that China's "lack in experience" is to be scorn - how are you ever going to justify the lack of experience of the other Singapore political parties ambitions to challenge and take over the PAP to form the next Government ?
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U.S. National Debt Clock : Real Time
-http://www.usdebtclock.org/
U.S. National Debt Clock
FYI,the above is about 90 % of USA GDP!!
Which generation can clear all the debts!!
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debt per citizen is US$37,000 say 5% interest rate,
$1800 per year!!
USA is alreday sunk!!
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http://zfacts.com/p/318.html
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US debt clock runs out of digits
http://news.bbc.co.uk/2/hi/business/7660409.stm
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Originally posted by lionnoisy:
US debt clock runs out of digits
http://news.bbc.co.uk/2/hi/business/7660409.stm
Dun worry lah, the clock can be reset to zero, got one button at the back can do it. -
WHY THE ECONOMIC COLLAPSE IS UNAVOIDABLE
http://www.youtube.com/watch?v=6GukmDO89KI&feature=related&pos=7
RON PAUL BLAST SECRET GOVERNMENT RUNNING ECONOMY
http://www.youtube.com/watch?v=JAzagrai-0M&feature=related&pos=1
RON PAUL " OUR EMPIRE IS COMING DOWN "
http://www.youtube.com/watch?v=PoxlzPGIPt4&feature=related&pos=6
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Originally posted by angel7030:
Dun worry lah, the clock can be reset to zero, got one button at the back can do it.Correct.. like this one Clinton present to Russia.
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Why is the USA not so concerned about the high debt? They can just print US Dollars to cover it!!!!!
At least for the present, the world cannot do much about that.
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Originally posted by AndrewPKYap:
Why is the USA not so concerned about the high debt? They can just print US Dollars to cover it!!!!!
At least for the present, the world cannot do much about that.
Hmm ? What would YOU propose Mr Yap ?
How to get rid of the debt crisis ?
So far.. I've only hear critics compraining... but none came up with a solid solution to the "debt issue"
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US very much into debt
Actually all this turn down market is caused
be one group of people who believe into
so call "Prosperity"
Dont ask me which group of people
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Originally posted by jojobeach:
Hmm ? What would YOU propose Mr Yap ?
How to get rid of the debt crisis ?
So far.. I've only hear critics compraining... but none came up with a solid solution to the "debt issue"
There are solutions.But i don't think there's any that would allow America to continue on business as usual.
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The stimulus packages only serve to delay the INEVITBABLE downfall of America. Sad but i am now convinced it is only a matter of time before something more serious than the crisis that they have somewhat averted will come and crush THem
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Originally posted by Stevenson101:
There are solutions.But i don't think there's any that would allow America to continue on business as usual.
Hmmm? Like what kinda changes ?
I think weaning off foreign oil is a good start, since foreign oil price's one thing US can't control.
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china takeover. communism takeover. i'm all for it (:
at least this would stop people from being too free to speak.
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Originally posted by .SBS9888Y.:
china takeover. communism takeover. i'm all for it (:
at least this would stop people from being too free to speak.
That's oppression.. not communism.
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Originally posted by jojobeach:
Hmmm? Like what kinda changes ?
I think weaning off foreign oil is a good start, since foreign oil price's one thing US can't control.
Heh cutting funding to their military for one? They spend more on their military than the world combined.And if what i've been reading is accurate, the way the urban setting in America is designed forces one to use cars to get around.
But i guess the quickest solution now to cut down on domestic gas consumption is to impose a gas tax. Don't see how that's gonna happen though, i think Americans might really prefer to fight another war rather than give up on their cars.
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Originally posted by .SBS9888Y.:
china takeover. communism takeover. i'm all for it (:
at least this would stop people from being too free to speak.
And...who decides the line between free to speak and being "too" free to speak?Personally i hate the idea of having the right to speak and not recognizing that it is a responsibility as well.
But once you go down that road, that's nothing stopping anyone from making you not able to speak at all.
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Heh cutting funding to their military for one? They spend more on their military than the world combined.The world's military spending grows, along with number of conflicts
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Originally posted by Catknight:
America being the greatest success story as an immigrant nation given us hope as a small nation state make up of immigrants.
When a country like Singapore is still alive, I really couldn't think of a reason why America would go down...
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I really couldn't think of a reason why America would go down...
Big countries tend to break up.
USA also had their civil war. South wanted to separate.
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Originally posted by sgN00b:
When a country like Singapore is still alive, I really couldn't think of a reason why America would go down...
I don't see America going down, nor would it go into a Civil War. Can't see that happening with a nuclear arsenal country.But its ability to project its influence and military power would definitely be greatly reduced.
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Originally posted by Ah Chia:
Big countries tend to break up.
USA also had their civil war. South wanted to separate.
I think you should study the The Civil War more...