US Indebtedness:Threat To Global Stability

[Ocean Breeze]

http://www.wsws.org/articles/2005/may2005/us-m23.shtml

who all does the US owe money to??

Imagine the crisis -economy if China got dissed off at the US and called in it's debt........

the balance of power has shifted since the spendthrift Pharaoh of Bush-country (formerly known as the US ) took office.

 

[jimmoyer]

In economics every up has a down.

If the Chinese call in their debt, the chain of events
of destroying their largest consumer partner will
create such a loss for their own economy that
the downward spiral just keeps going and going and
going.

Would it be nice to imagine another consumer
to take the place of Americans?

Yeah, it's a delightful fantasy.

But who's going to put up equal aggregate figures
to compensate for the loss?

This isn't failsafe, but it's one of the interlocking
vice grips on mankind that the G8 and World Trade
protesters fear.

 

[the caracal kid]

i wondered about this a year ago.

i agree with jim. china does not benefit long-term from calling in the US debt. The debt does shift the balance of power in China's favour though. We are witnessing the rising of the new superpower and the US is going to have to adjust to not being #1 soon.

 

[Ocean Breeze]

Re: RE: US Indebtedness:Threat To Global Stability

i wondered about this a year ago.

i agree with jim. china does not benefit long-term from calling in the US debt. The debt does shift the balance of power in China's favour though. We are witnessing the rising of the new superpower and the US is going to have to adjust to not being #1 soon.

this is how I see it too. Shifting in the balance of power and control....


I suppose that if China wanted to play games .... it could make some threats along the lines of calling in the debt.......but the shift in control is evident even now. China is just a lot more understated about it.

(actually it is concerning to see the US rack up this amount of indebtedness. ........as with each debt , it loses power and control. (no matter how tough they talk or how much they threaten. They have to remember that their WAR MACHINE takes megabucks to run in the first place. )

but the world economy systems is a complicated issue..

 

[jimmoyer]

You know the irony is that no amount of
foreign aid could have ever created the dynamo
of China.

It took capitalistic free world trade to create
this Chinese engine.

Also one other point.

You know how they say the policy of assassination
has a big strategic error ? You never know if the next
guy to lead is going to be worse.

Hard to believe.

The ideology of assassinating Amerika is quite
appealing.

But is the next guy going to be worse?

Who will step up?

Most western democracies are too comfortable with
their entitlement benefits to do what it takes.

World Trade will upset both our entitlement
programs, AND even out the power structure.

Just think about what an even power structure
in the world will entail ?

Will it be automatically good ?

I see most of our presumptuous solutions defy
our best intentions.

 

[Ocean Breeze]

Re: RE: US Indebtedness:Threat To Global Stability

You know the irony is that no amount of
foreign aid could have ever created the dynamo
of China.

It took capitalistic free world trade to create
this Chinese engine.

Also one other point.

You know how they say the policy of assassination
has a big strategic error ? You never know if the next
guy to lead is going to be worse.

Hard to believe.

The ideology of assassinating Amerika is quite
appealing.

But is the next guy going to be worse?

Who will step up?

Most western democracies are too comfortable with
their entitlement benefits to do what it takes.

World Trade will upset both our entitlement
programs, AND even out the power structure.

Just think about what an even power structure
in the world will entail ?

Will it be automatically good ?

I see most of our presumptuous solutions defy
our best intentions.

don't think that anyone wants to "assassinate" america. That would be foolish from all points of view. A regime change in America is definately called for and perhaps some serious self analysis, introspection.......about how come things have gone as far as they have. (and please don't blame the "terrorists".......as they have been around since time began.....and the current phase has been upping the ante for some time now.....getting bolder with each attack.....*just like criminals /murderers who get the taste for the crime.. (eg only)....and either accelerate or get more destructive. It builds on itself. The root cause of the current terrorist wave has NOT been properly examined either. People just bought into what the US Pharoh said (simplistic and inaccurate) .....without delving further . Terrorism did not rise up on its own. It is a reaction to something. Cause and effect. Now we have a cycle of violence that might take a long time to break. ( only new US leadership can do it and it cannot be one with an over aggressive WAR Mindset. )

but , gosh, Have I ever digressed here... 8O

Preventing the shift in balance of power......is more than just about money.......it is how the leadership HANDLES the funds made available to him/her. Sure balancing the budget is not as sexy as war.........but it might save the US butt.

 

[Paranoid Dot Calm]

I follow the U.S. economy rather closely.

The scariest trip happening is the Generational Storm and where 70 million Americans are heading to retirement and where the Government pension agency is bankrupt.

Calm

 

[Semperfi_dani]

RE: US Indebtedness:Threa

Although it stands to reason based on historical cycles of superpowers that it is only a matter of time before the US falls out from the top spot. It happened to the UK, it happened to many other regiemes.

Mind you, if the US really wanted to be a bitch about the whole thing, they could start calling in some of their Marshall Plan and other reconstruction debts from around the world....

 

[Paranoid Dot Calm]

HI! Semperfi_dani

Europe paid back all the reconstruction funds from WWII.

Germany was the last country to complete payments about 15 years ago.

Calm

 

[jimmoyer]

Basically not all loans to fight the war
were paid back by the allies
and that is what Plan Semperfi_dani
is referring to, Paranoid Dot Calm.

You are correct on the matter of the Marshall Plan
portion that involved reconstructing our former
enemies.

But on the matter of global instability, world free
trade is an organic way of slowly creating an
interlocking vice grip on all trading partner countries
and eventually on all humanity.

Out of this world wide interlocking vice grip, there
will arise the individual rebel, who links with others
on the model of al Qaeda to defeat this new world
order.

And again defeat whatever dominating control
world society creates in its wish to stop war and have
peace on Earth.

For every action, there will be a reaction.