Mg
End of story.
PKPolitics Discuss » Current Issues
US Empire Could Collapse at Any Time
(171 posts)-
shimatoree
Posted 2 years ago on 22 Dec 2010 22:44 # -
@MG
"Our points are not answered. You just want to make your own."
Old habit of shim. And he wonders why I call him a 'Fundo' ;-)"What do you mean China does not own US? Of course it does. "
Of course it does, agreed!
US Begs China to Buy Subprime Mortgages
Bush Administration Mortgages U.S. to Red China Over NAFTA Trade
Obama Mortgages US to China for CashSure China will see economic down turns too but it is in much better position to cope with them, having a huge manufacturing base and stronger banks and huge cash reserves and wiser investments and a 'FED' that works for it...
What China Has That We Don't: $15 Trillion Of Mortgage-Free Middle Class Home Equity
(Interesting fact: The TOTAL VALUE of ALL US Homes is only ~$15 Trillion and most of it mortgaged)
Why China’s Property Bulge Is Nothing Like the U.S. Mortgage Implosion@shimatoree
"End of story."
I knew http://pkpolitics.com/discuss/topic/us-empire-could-collapse-at-any-time/page/3#post-197833>it was coming! :-PPosted 2 years ago on 23 Dec 2010 4:04 # -
Truthlover
No individual or a nation can live indefinitely on borrowed money without facing serious consequences, US is no exception. An empire that doesn't even own and control her currency but leaves in private hands is doomed.
Dollar is nothing but a piece of paper, something as worthless as....
Mind you we remain talking about just economic matters and leave social, political and other vital factors out.Posted 2 years ago on 23 Dec 2010 8:30 # -
nota, thanks for links. shall study them at leisure. The thread was interesting for awhile then got out of hand. From then on we could have changed the title to: "The Fight of the Fundos" maybe.
TL, in your own quiet but determined fashion you contributed some of the best comments to this thread.
I also want to acknowledge Sada-e-Kashmir's absolutely apt words about the nature of some of the US patents being sought or registered at the moment.
And my last words are for Shimatoree. ST, this was less about economics than you might think. It was more, I expect, about intellectual honesty, something you prize very highly otherwise. If from the onset we make assumptions about the stupidity or ignorance of our debating partners, we'll not only not advance, but perhaps even go backwards. That's what might have happened to us on this one.
Posted 2 years ago on 23 Dec 2010 9:28 # -
barackosama
The links posted by Nita are about excessive borrowing and spending which is reverse of Depression where more money is saved than spent. This is nothing new, has been going on for quite the time. The end results are chapter 11 as in the airline industry or other large corporations, acquisition to someone else pay the bill, or simply bailout. Well, have the airline business or banking industry ever gone close shut? Japan melted in 1994-95 and Russia in 1998, what happened? .. did both collapse or kicking now? What do you expect is gonna happen to the states of New Jersey and Illinois, Orange County, CA or city of Chicago? Nothing! Only penny pinching, spending will be cut and checks will not be written out. At micro level, the process is no different when you max out your credit cards and do a write off for next 7 years. Sure, the times become miserable but you gotta do a clean start. You only learn to be more responsible with your finances and so would the govt. bodies. None of these phenomena are new to the modern capitalistic theory. In fact, if you study this particular dimension of melt down, then, to be fair, you gotta say the whole world is going to collapse because this is a global development including USA, EU, UAR and even limo state of Iceland and Greece.
The point is economies with industrial base make come backs.
Germany after WW2, US of A in 40s, Russia, Japan all have done it! So Titanic has not sunk, just hit few iceberg tips and moved on. Perhaps also would need to define collapse as it is being implied here, that US of A will die own natural death, soon. Since we can't fight it, let's pray for it's demise, may be it's fever is a beginning.Posted 2 years ago on 23 Dec 2010 10:46 # -
“Longer the US and NATO remain bogged down in Afghanistan the more they will drain their resources."
I don’t think so:
Afghanistan is located in the centre of the central Asia, the Pakistan and the Middle East are the world richest states, full of economic resources like gas , oil and mineral resources of the world. Most of these resources remain unexplored. Anyone who commands this part of world rules the world in the future.
Whatever the pretext; after having achieved the control of Middle East, the occupation of Afghanistan by US and NATO forces give them the pedastal to remain in control of this entire area. This must not be any surprise for some one that they remain busy inducing certain planes in order to keep the defenceless states of this area fixed in civil wars, turmoil and anarchy.
Having restricted the flow of knowledge and progress in the field of eceonomics keep these staes to stay at the mercy of the west. This western plan is seen successful and it is keeping these states on a self destructive mode; Pakistan is one glaring example of that.
The more they remain in occupation of Afghanistan and restrict the advancement and cooperation between these states lest they are able to stand on their feet and be able to challenge the oppressors.... the more are the chances that---they remain in control of all the resources.... like in Saudi arabia and other Gulf states.
Posted 2 years ago on 23 Dec 2010 11:32 # -
Truthlover
A.K,
You are right in a way but completely wrong in your conclusion. The Americans alongwith their allies are desperately trying to change the inevitable by occupying and suppressing the Muslim world in general and Pakistan. Afghanistan in particular, as these countries are the greatest danger to their supermacy. You're a military man and can see why that's so just by glancing at the stratigical position of these above mentioned states.
Now where did you misscalculate?
By miscalculating the cost of this/these wars. Control of resources or no control is irrelevent in the long run. Yes they have a strong presence and influence in the region and therefore can dominate the corrupt leaders of these countries and get some economic assistance but that's not a gurantee either. The political situation in these Muslim countries can change and the influence can be lost overnight, just remember the Shah of Iran's fate.
Americans are fast losing their economical strength and of that reason can't sustain the cost of wars. You should be aware of the fact that already millions of Americans are living beyond the poverty line and many can't provide the basics to their families, so the question arise, hoq are they to sustain these silly wars in the long run, when even their financier shall start abondoning this sinking ship?
No, Americans can't remain in Afghanistan or enter into Pakistan for reasons well known to us. They are not brave nation neither do they have economy of last century. They are in a process of wiping themselves off from the high positions and shall face humiliation and that shall occur sooner than later.Posted 2 years ago on 23 Dec 2010 11:59 # -
shimatoree
I met an official of the UN last night.
I asked him about this topic being discussed here in passing in ref: to the US economic troubles and the possible future role of China.
He laughed and then said -
" The Chinese are very shrewd businessmen first. But if the US goes down, the Chinese go down with them.
Why?
Because most of their exports are bought by the Americans.So if the Americans cannot pay- Chinese have no money and unlike America they will have tremendous social unrest as a result. The Chinese do not want That and so they will continue to do what they have been doing and are doing".
end of quoteFor everyone here concerned about the economic welfare of the Great Satan- that is about as precise an answer as I can imagine.
Posted 2 years ago on 23 Dec 2010 12:20 # -
shimatoree
BO
quote-
"Since we can't fight it, let's pray for it's demise, may be it's fever is a beginning."
Good one
Posted 2 years ago on 23 Dec 2010 12:33 # -
@shimatoree
"I met an official of the UN last night."Now that is desperation. U.N.? Is is supposed to mean "reliable"? Give your claims a sense of "authencity"? Some "air of authority"?? Ha! Now that's a joke. The same guys who the selling your "Over Population" myth and birth control and still pushing Global Warming scam despite having admitted they themselves fudged their data???
"The Chinese are very shrewd businessmen first. But if the US goes down, the Chinese go down with them."
This is so old and tired argument (and I thought you said you read "Chinese Chess" and the material I posted that p!sses on this theory. But you continue to humor me...
"Because most of their exports are bought by the Americans."
Right their a fabrication:Top Countries China Exports To (2005)
•United States = $162.9 (+30%)
•Hong Kong = $124.5 (+23%)
•Japan = $84 (+14%)
•South Korea = $35.1 (+26%)
•Germany = $32.5 (+37%)
•Netherlands = $25.9 (+40%)
•United Kingdom = $19 (+27%)
•Singapore = $16.6 (+31%)
•Taiwan = $16.6 (+22%)
•Russia = $13.2 (+45%(Read more at Suite101: China's Top Trading Partners: Chinese Exports & Imports Soar http://www.suite101.com/content/chinas-top-trading-partners-a3413)
Rank Country/region Volume % change over 2008
1 United States 298.3 -10.6
2 Japan 228.9 -14.2
3 Hong Kong 174.9 -14.1
4 South Korea 156.2 -16.0
5 Taiwan 106.2 -17.8
6 Germany 105.7 -8.1
7 Australia 60.1 0.7
8 Malaysia 52.0 -3.0
9 Singapore 47.9 -8.8
10 India 43.4 -16.3
http://www.uschina.org/statistics/tradetable.html(Comparing 2005 with 2009, you can see US already falling %age wise)
"So if the Americans cannot pay- Chinese have no money and unlike America they will have tremendous social unrest as a result"
China has PLENTY OF MONEY and the info I provided earlier again throws water on this. And like I just said, even if US doesn't buy a cent's worth China still only looses < 20% of their exports (a lot of which they will make up in new rapidly expanding markets as they are already doing)"The Chinese do not want That and so they will continue to do what they have been doing and are doing".
Events prove otherwise as the recent change in policies by Chinese indicate and their warnings to the Fed."For everyone here concerned about the economic welfare of the Great Satan- that is about as precise an answer as I can imagine"
Sorry but nothing new here and the same OLD arguments you have been giving all along.You have to do better than that!
(BTW: What happened to "End of Story"?) :-P
P.S. Re: "I met an official of the UN last night."
Please do identify who this is and what is his job title. For all I know he could be a janitor employed by the U.N. ;-)Posted 2 years ago on 23 Dec 2010 12:42 # -
Truthlover
S.T,
Don't give much attention to some poor official of some slave organisation, simply because they are employed to be subservient to the system.
I agree that Chinese don't have much bargaining position and are forced to bow to the so called Master nation, just to go on producing and thereby creating jobs for a huge population. But remember this can't go on forever and ever, one day they have to realize that it's better to die once.
Even if we accept your argument about China not in a position to push US right now, what about the other side of the story?
Can USA survives without China and its Exports to USA?
Is America in a position to produce and supply all these goods that come from China at present?
If yes, what would be the price levels, can the US consumer be able to pay such huge prices? Be realistic, from needle to Aeroplanes are produced in China even by American companies and the economy shall simply collapse if people have to pay prices that are going to be manifold more.
Putting aside your Chinese card, tell me what about Dollar losing its present dominating position. Do you believe that the Chinese are not aware of the real danger of dollar losing its prestige and value if
intervention by central banks of the world nations was to stop defending this worthless curreny?
Don't you see the possibilty that the nation of "Shrwed" businessmen can calculate that the piled up dollars is one side of the stupidity and go on with that would be just another?
I restrict myself with China alone and wouldn't touch the other nations and the possibilty of demand from the countries from all over the world to get Gold for all those dollars they have in reserves? Opps, I forgot that dollar is no longer weighed against Gold and is just a piece of paper, which can be used as fuel if it fails to buy oil with!Posted 2 years ago on 23 Dec 2010 12:49 # -
@Shimatoree
BO: "Since we can't fight it, let's pray for it's demise, may be it's fever is a beginning."
Good one
If anyone is talking fantasy it is you ... and the proof is above (and in the "over population" thread ) :-PCOME ON: Either prove your statement that "Most Chinese products are bought by America" or have the courage to admit you fibbed (I already proved above it is a lie ;-))
Posted 2 years ago on 23 Dec 2010 12:49 # -
shimatoree
nota-
Time will PROVE me wrong or right but to use the selective technique- here is a part from your Chinese Chess Link-
I note it with interest that this has not been part of your argument-
Quote
"America remains the source of most of the world’s innovations and the home of most of its great entrepreneurs; unlike China, America is blessed with a relatively young population; bright Chinese still prefer to be educated at great American universities, and the American Dream remains a magnet for risk-takers looking for an opportunity to move up in the world; the American military is still the most potent in the world; and this nation is blessed with an abundance of natural resources. There is time to fix things: “The Chinese currency is still a long way from replacing the U.S. dollar as the world’s reserve currency,” writes Chi Lo, CEO of HFT Investment Management in Hong Kong. All that is missing are sensible policies. " end of quote.
As to your other question about lying- let me just say that I do not lie. I would suggest to you that you might consider putting some restraints on your rather wild allegations on a personal level. I am sure you can argue your case very well without that stuff.
The UN guy I did meet last night and I quoted what HE said.Posted 2 years ago on 23 Dec 2010 13:17 # -
@Shimatoree
Again you ignore what doesn't suit you and come back with the same old song."Time will PROVE me wrong or right"
Of course! End of story ;-)"here is a part from your Chinese Chess Link-
I note it with interest that this has not been part of your argument"
I DID NOT quote a single bit from that piece so I wasn't being 'selective' as you are trying to say. And isn't it you who areguing that side anyways and me disagreeing with it? And didn't I put up the piece anyways? It only shows I am not hiding behind the skirt of some "UN guy" and presenting BOTH sides of the argument. That is why I mentioned the piece at least three times."As to your other question about lying- let me just say that I do not lie. I would suggest to you that you might consider putting some restraints on your rather wild allegations on a personal level. I am sure you can argue your case very well without that stuff."
Ok, apologies. Getting "personal" was not my intent. Let's say you are mistaken. Care to admit your mistake or are you going to continue to insist "America buys most of the Chinese stuff"? Somehow you ignored that BIG boo-boo. Again!"The UN guy I did meet last night and I quoted what HE said."
Oh so he might as well have been a janitor as you refuse to elaborate besides "UN guy". BTW: "I quoted what HE said" is a very weak argument ;-)Posted 2 years ago on 23 Dec 2010 13:35 # -
barackosama
The Chinese are very shrewd businessmen first. But if the US goes down, the Chinese go down with them.
Exactly right! America made China's economy and Arabian Gulf's. Back in college days they used to tell us Japan owns American, even white house would go up for sale. If it assumed so that China owns the US of A, then when China would go down and that would mean the whole world go down coz you won't be able to buy oil for your little home sewing machine or needles either. The world has decided to put all eggs in one basket, then be it and save the cost.
Posted 2 years ago on 23 Dec 2010 16:13 # -
Obama Mortgages US to China for Cash (see nota's China links above)
"The United States of America has tendered to China a written agreement which grants to the People's Republic of China, an option to exercise Eminent Domain within the USA, as collateral for China's continued purchase of US Treasury Notes and existing US Currency reserves!"
"On February 11, 2009, Bloomberg Business News reported that China was seeking "guarantees" for its US Government debt (Story Here), and it now appears they got it. Well placed senior sources at the US Embassy in Beijing CONFIRM the formal written agreement was delivered by Secretary of State Hillary Clinton during her recent trip to China."
"This means that in the event the US Government defaults on its financial obligations to China, the Communist Government of China would be permitted to physically take — inside the USA — land, buildings, factories, perhaps even entire cities — to satisfy the financial obligations of the US government."
"Put simply, the feds have actually mortgaged the physical land and property of all citizens and businesses in the United States. They have given to a foreign power, their Constitutional power to "take" all of our property, as actual collateral for continued Chinese funding of US deficit spending and the continued carrying of US national debt."
Posted 2 years ago on 23 Dec 2010 17:43 # -
@MG
Allow me to put it in BOLD:
"Put simply, the feds have actually mortgaged the physical land and property of all citizens and businesses in the United States. They have given to a foreign power, their Constitutional power to "take" all of our property, as actual collateral for continued Chinese funding of US deficit spending and the continued carrying of US national debt."And don't forget the highways and bridges and God knows what else (in this 2006 article China is not listed but the fact is they ARE up for sale to the highest bidder) ;-)
Side Note:
Britain too just put up ALL it's forests for sale:
For sale: all of our forests. Not some of them, nor most of them – the whole lot
(I know there has been talk for years of doing the same to US National Parks)Posted 2 years ago on 23 Dec 2010 18:10 # -
Raavi
Off the topic first:
ST,
You confessed two things in your posts in this thread: One that US got defeated in the recent wars in Iraq and Afghanistan and that its economy has suffered recently even then you are stubbornly defending even the wishful thinking of the country you reside. That is nice! We need to do so in case of Pakistan as well! Defend it even though how bad the conditions in it may be!!!!!
When I think what is the source of power for Pakistan in the present era, the only group I can think of is the one using their scalpels, set squares or writing their algorithms thousands of miles away from PK and even then brooding about the state of affairs in Pakistan. The cumulative wisdom that I see in this group is nowhere else to be seen. That puts me in the optimist circle.I was intrigued by this in this thread:
"From the Blackwater mercenaries in foreign occupation armies to installed puppets and stooges it is new modus operandi of ertswhile colonialists". This is why I think that the freedom that we think we have is non-existent. We still are working for our gora masters. The puppets and stooges ruling us play to the tunes of the dollar and Euro empires. We have to fight these brown sabs to end the colonial era that started in 1700s. The mode of slavery and colonialism is changed. It never died or left us alone (to grow and prosper).On the topic now: I think fall of US is a wishful thinking at this moment of time. Rest has been discussed very nicely above in the thread.
Posted 2 years ago on 23 Dec 2010 19:18 # -
Raavi
SE Mirza sahib,
Waiting for your commitment done here:http://pkpolitics.com/discuss/topic/us-empire-could-collapse-at-any-time#post-197574
Posted 2 years ago on 23 Dec 2010 19:21 # -
When China Rules the World
An interview by Robert Scheer’s with the author, Martin Jacques of Daily Guardian. It is in 5 Parts.
Posted 2 years ago on 23 Dec 2010 21:05 # -
Abdul Rahman
China is still clinging to a dead ideology and it bodes doom. They will never be able to rule China, forget about the world.
Eastern Turkistan (Xinjiang) is on verge of a political earthquake. All major resources of China happen to be in that area which is 6 times as big as France.
Posted 2 years ago on 23 Dec 2010 23:12 # -
saqib55
^ And that is what the British spawned ummah lovers do best. Not only prematurely predict the demise of an existing empire but also predict the demise of an empire still emerging. And they themselves have zero to show for their own achievements after being sponsored by the MI5.
Posted 2 years ago on 24 Dec 2010 2:22 # -
barackosama
@Mirza Ghalib
How much other countries own US of A?
Saudi Arabia has 3/4 of a Trillion dollars in the US, mostly real estate, golf courses, resorts and luxury hotels.
Then there is Kuwaiti investment. The Iranians put their own frozen assets in the US of A at about 10 Billion.
100 largest foreign company investment by countries in the US of A.
It is Europe and Japan that own alot of US of A.
We have not even begin talking how much US of A and rest of the world has invested in China.
Posted 2 years ago on 24 Dec 2010 12:06 # -
HI BO, True enough what you say there. The point that is made over and over again about China is simply that the size of its grab on US Treasuries is such that everyone else's pales in comparison.
Your point about foreign investments in China is also valid. Now what the Chinese are going to do about that, I haven't the foggiest. As I do not in the least know how they are going to proceed in their future dealings with US.
What we do know is that China was loathe to come onto the world stage before 2025. This was more or less decided at the last CCP meeting. The Martin Jacques video above seemed to confirm this schedule more or less. But recent events in Korea may make the whole thing go faster than expected.
BO, one small reservation, if I may. You listed above somewhere all the recent crises in US history which that country had already overcome. The singularity in this particular instance is that unending foreign wars and an unprecedented financial crisis have come together and are going hand in hand. This is, to the best of my knowledge, quite new.
No one at this particular point can quite say where all this will lead. But if hubris and fraud prevail over everything else, it will end badly, very, very badly in the view of some, including the author of the piece we've been discussing so far, Chris Hedges.
Posted 2 years ago on 24 Dec 2010 12:42 # -
barackosama
@Mirza Ghalib
Everybody is in the same boat now. The problem is everyone's now, thanks to globalization. This is the strategy, to make everybody understand their stakes before doing something stupid. Now even axis of evils are Ok for doin business with. Ain't that sweet?
Trading with Iran is OK too.
http://news.yahoo.com/video/business-15749628/forbidden-zone-investing-in-iran-23378893
Who's got the nerve to bust the boat he's in. If you attack anyone, more than likely you will be attacking own interests. So China and US of A need each other and economics is the way to prevent wars.
Posted 2 years ago on 24 Dec 2010 12:52 # -
@BO
I think what you (and Shim) are arguing is the way Sprengler starts this piece:America is exceptional - utterly and absolutely exceptional - because the rest of the world depends on American guns, American money and American mediation in a way that no other country or combination of countries possibly might replace. Any other power that suffered the setbacks that America sustained during 2010 under the Barack Obama presidency would have been pushed off the top of the hill. The reason America still has diplomatic currency to spend in Asia as well as actual currency to borrow demonstrates its indispensable role: no one, least of all Chinese Premier Wen Jiabao or Russian Prime Minister Vladimir Putin, wants America to fail.
Trouble is, he continues:
That is why a conspiracy of silence surrounds the observation that the emperor is naked. But the facts are depressingly clear.
After one trillion dollars and 5,000 casualties, America will leave Iraq with nothing to show for its Quixotic commitment to build a nation in the Mesopotamian sand. As Steven Lee Meyers reported on December 18 in The New York Times, "The protracted political turmoil that saw the resurgence of a fiercely anti-American political bloc here is casting new doubt on establishing any enduring American military role in Iraq after the last of nearly 50,000 troops are scheduled to withdraw in the next 12 months, military and administration officials say." The pro-Iranian government of Prime Minister Nuri al-Maliki will eliminate America's role in Iraq after America's scheduled withdrawal....
(Continue reading Naked emperor and a conspiracy of silence)
Speaking of China, it has plenty of $$$$ to throw around and knowing it could soon become worthless, it is using it wisely to buy up REAL assets:
Fresh humiliation for eurozone as China says it will bail out debt-ridden nations...In a fresh humiliation for Europe, Foreign Ministry spokesman Jiang Yu said it was one of the most important areas for China's foreign exchange investments.
The country has already approached struggling European countries with financial aid, including offering to buy Greece's debt in October and promising to buy $4billion of Portuguese government debt.
...
China's astonishing economic growth has put it on track to overtake America as the world's economic powerhouse within two years, a recent report claimed.But experts believed still be some years before America's leadership role is really challenged - largely because Beijing has given no indication it is ready to take on the responsibility of shepherding the world' economy.
This foray into the future of the euro could be a signal from Beijing that it is ready to change that perception.
...
[This bit is for Shim]
It is still believed that it will be some years before China actually overtakes the U.S. to become the world's largest economy.Politicians argue that technology is still behind and much of the country still lives in poverty.
And in another economic measure, output per person, China lags way behind the US.
Last year, the International Monetary Fund calculated gross domestic product per head in the US at $46,000. The GDP breakdown in China was just $4,000 per person.
Posted 2 years ago on 24 Dec 2010 13:13 # -
Thanks BO, thanks nota, now my problem is the following: Much as I hate many of the things the powerful are doing, I certainly do not want a nuclear war to take place. No one should such suspect such a thing of me. So that something "stupid" you refer to is what I see the US doing time and again. As with Korea now. It is something I've noticed about the west for sometime now. They actually seem to want to commit suicide. Wiser head than mine have suggested that this is inevitable when the downfall of nations starts. Their every move seems to encourage that downfall to go faster.
I quite agree with you, BO, trade (your economics) is the way to prevent wars. I see little signs of it on the part of US at the moment. Do you?
Posted 2 years ago on 24 Dec 2010 15:25 # -
Qalma'go
US is working on one agenda, of white supremacy. Itself a former British colony that was created by eliminating indigenous populations through genocides by labeling them savages. This gap was filled up initially through mass migration of the whites at first following with slaves from Africa and labor from China primarily for setting up plantations and building railroads. For low life jobs, colored races were allowed in from other colonies.
This was the foundation of the champion of democracy in this world. History tells us that the Royals of Britain, France, Spain, Germany, Russia are related. They have two tools that are working very effectively for them all over the world. Banks and ARMS Industry. Under a false pretext they are promoting democracy.UNO has been rendered impotent.Banks and NGOs like WB, IMF, Human rights, Greenpeace, Transparency International, etc are groups of clandestine operatives again working for the combined benefit to white supremacy.
Asians and Africans have shown them their mettle and worth. Now it is the white supremacist who is sliding a steep downwards slope while China, Russia, India, Korea are rising in both field, Economy and Defense. Overall picture is getting clearer as time passes on.
Posted 2 years ago on 24 Dec 2010 16:59 # -
barackosama
Gentlemen, the metacarpophalangeal joint has been made. See, it was that black and white after all the fuss. Simple, sweet yet crisp.
Posted 2 years ago on 24 Dec 2010 17:12 # -
Posted 2 years ago on 25 Dec 2010 0:42 # -
Since we were talking age of the US empire...here is a relevant vid (less than 3 minutes):
Posted 2 years ago on 27 Dec 2010 17:29 # -
Thanks nota. US history has been anything but peace! Not for the world.
Posted 2 years ago on 27 Dec 2010 17:34 # -
barackosama
Russia must go down too after all 29 Billion dollar embezzlement for oil is a lot of burden for her economy.
Posted 2 years ago on 27 Dec 2010 22:17 # -
No, BO, it's the other way round. Russia was the only country I know which really stood up to the Jews over the Khodorkovsyk scam. The man was about to sell Yukos to the US when Putin intervened.
As for 29 billion, Russia has long made up for it. And now it will be selling its oil like hot cakes for various reasons. So no need to worry about Russia's future, I'd say.
Posted 2 years ago on 28 Dec 2010 12:21 # -
No Jobs, Deficits, Down fall of Real Estate,
Terrorism and the Two warsFor US: The New Year Looks Very Bleak
Posted 2 years ago on 31 Dec 2010 18:41 # -
thanks AK. Simply super. No need for further words.
Posted 2 years ago on 31 Dec 2010 19:02 #
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