tag:blogger.com,1999:blog-10108616.post8133803657436703473..comments2023-10-25T00:57:45.651+10:30Comments on Wombat's Waffles: Doncha just lurve modern communications?Davohhttp://www.blogger.com/profile/02785126939071213905noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-10108616.post-48885366435388531842008-09-04T09:17:00.000+09:302008-09-04T09:17:00.000+09:30Yeah, China could collapse the US economy at the d...Yeah, China could collapse the US economy at the drop of a hat, but not in their interests to do so. Who else will buy their plasma TVs in such quantity?lemmiwinkshttps://www.blogger.com/profile/12897071451229534159noreply@blogger.comtag:blogger.com,1999:blog-10108616.post-56303653894301575702008-09-03T22:56:00.000+09:302008-09-03T22:56:00.000+09:30Lemmi, the "war" on Iraqi terror-tory was not abou...Lemmi, the "war" on Iraqi terror-tory was not about 'freedom', 'democracy' .. nor even about 'oil'. It was, probably still is, the 'value' of the US dollar. Saddam Hussein was in the process of converting the 'transaction exchange' from the US dollar to the Euro. If that Happened, the US dollar would - in world economic terms - be worthless. Too many countries have 'reserves' held in US dollars, Davohhttps://www.blogger.com/profile/02785126939071213905noreply@blogger.comtag:blogger.com,1999:blog-10108616.post-31134442523528843372008-09-03T22:44:00.000+09:302008-09-03T22:44:00.000+09:30Lemmi, am probably guessing, but "Americans" live ...Lemmi, am probably guessing, but "Americans" live in some sort of 'lala' land, from what i can gather through freely available sources, China owns most the US bulk bonds. In other words, it is, at present, in the best interests of China to control the US dollar - that may, or may not change.Davohhttps://www.blogger.com/profile/02785126939071213905noreply@blogger.comtag:blogger.com,1999:blog-10108616.post-8742602484797985302008-09-01T10:24:00.000+09:302008-09-01T10:24:00.000+09:30I know what you mean, and I'm by no means holding ...I know what you mean, and I'm by no means holding my breath expecting the US economy to tank any minute, but by the same token I think that it will reach a point where no amount of "liquidity" provided by the Federal Reserve will keep it afloat.<BR/><BR/>They gave everyone all the cheap credit they could take (and then some) and gave birth to the subprime crisis. It extends beyond mortgages to lemmiwinkshttps://www.blogger.com/profile/12897071451229534159noreply@blogger.comtag:blogger.com,1999:blog-10108616.post-23287100007901573202008-08-29T16:13:00.000+09:302008-08-29T16:13:00.000+09:30oops, "economies".oops, "economies".Davohhttps://www.blogger.com/profile/02785126939071213905noreply@blogger.comtag:blogger.com,1999:blog-10108616.post-730678359774233972008-08-29T16:09:00.000+09:302008-08-29T16:09:00.000+09:30the US economy is going to go belly up pretty soon...<I>the US economy is going to go belly up pretty soon and the tsunami will likely wipe out many others.</I><BR/><BR/>lemmi .. i doubt that .. too many "ecomonies" depend on, locked in, and are interrelated with the "US" dollar. It would be an odd treasurer who could ignore it, or allow it to fail.Davohhttps://www.blogger.com/profile/02785126939071213905noreply@blogger.comtag:blogger.com,1999:blog-10108616.post-7244964927536825932008-08-27T11:33:00.000+09:302008-08-27T11:33:00.000+09:30I doubt it matters much, Obama or McCain, Democrat...I doubt it matters much, Obama or McCain, Democrat or Republican, there's a better than average chance that the US economy is going to go belly up pretty soon and the tsunami will likely wipe out many others.<BR/><BR/>As for military action, <A HREF="http://www.telegraph.co.uk/portal/main.jhtml?xml=/portal/2008/06/28/sm_america28.xml" REL="nofollow">this</A> is a real eye-opener WRT the feeling lemmiwinkshttps://www.blogger.com/profile/12897071451229534159noreply@blogger.com