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Originally posted by Sugarlump
But subz how are the rich going to buy their kids bentley's and have their money make money if we drop usury? Think of all those poor banking barons you would be forcing to *gasp* work for a living!!! This cannot and will not be allowed to happen. Remember the true golden rule he who has the gold makes the rules.
Originally posted by Sugarlump
While your solution is elegant, workable, and ultimatelly probably the only way to save us from a conventional world war 3 I don't see it happening without the average joe pierre and heinz in europe and america forcing the elite at gun point to do so. But bear in mind these people for all intents and purposes own the majority of the western world and have gotten very used to pulling national strings for their corporate fundraisers (us normal people call those wars which are insanelly profitable for banks and defense contractors while detrimental almost 100% of the time to the average citizen). I am still voting you for a WATS for your elegant solution though subz keep up the good work
Originally posted by KhieuSamphan
Gulp!!! Sounds like fun.
Surely we can adapt to fit in with Chinese economic hegemony. I know it will be difficult but if we can reform ourselves into a high tech, specialised goods producing country, we could maybe carve ourselves a little niche. Or maybe we are just screwed. I'm emigrating...any suggestions?
Originally posted by KhieuSamphan
Cheers for your time Subz. I agree on the Europe point too. We definitely need to stand together on this.
Oh and by the way, you can only go to Australia as long as you still support England in the Ashes. Come on the poms!
Originally posted by subz
Originally posted by RebelSaint
Additionally, allowing China to take Taiwan by force would automatically make the 21st century a Chinese century, as the ability for the US to promote and defend global security would crumble. Any century that has a non-free government at the apex of the international order will not be a century of peace, economic development and the expansion of liberty."
Im sorry but I reject that argument. Its not an anti-American stance on my behalf but just the way I see it. What security did American near-hegemony of the last 50 years give thw World? The Cold War with a nuclear arms race that still has ramafications to this day (this thread). The War on Communism (aka Cold War) gave us Vietnam. The right to self determination was raped by both sides. The start of the 21st century has seen America invade two nations under no international legality and for dubious reasons. All this while it was America who wielded the most dominance in the second half of the 20th century. So wouldnt the same logic imply that a "free government" at the apex of international order didnt change a thing? The World was ravaged post-WW2 and its problems still linger.
Originally posted by RebelSaint
The importance of Taiwan to U.S. economic and security interests in the global political economy are paramount to that of securing Israel's existence or keeping Germany out of the hands of the U.S.S.R. Both the US and Chinese economies are intertwined so heavily that a collapse from one would mean dramatic downturn of the other if not complete domino collapse as well.
Originally posted by subz
*checks around for the Delorian* The USSR? I think the document's age is only surpassed by its dogmatic Cold War "domino" mindset. The domino effect is not a credible projection and Iraq proves it. Where is the domino effect of the Americanisation of Iraq? Why hasnt Iran fallen into America's hands? The domino effect was a pretext for fighting the Soviets tooth and nail.
Originally posted by subz
The rest of your post I agree with
If you bothered to read what I wrote you would have found that securing Taiwan's independence is in fact a very significant issue for U.S. foreign policy.
Originally posted by xmotex
If you bothered to read what I wrote you would have found that securing Taiwan's independence is in fact a very significant issue for U.S. foreign policy.
Protecting Taiwan from attack is a core issue, securing their independence is not.
In fact official US policy states Taiwan is part of China, and the US is opposed to any declaration of independence by Taiwan. We are legaly obliged to protect them from attack, but not at all to "secure their independence."
A peaceful merger between the PRC and Taiwan is a longshot
Originally posted by Kaiju
People please, it's not gonna happen. The Chinese aren't stupid. They know President Bush would keep his word and defend the freedom of the Taiwanese people. They are just going to wait until the next democratic president is in office. Then they will buy the very latest of our military technology from him, set him up with a Geisha and some cigars and they'll be able to do whatever they want to Taiwan.
Faced with utter destitution on one hand, and unprecedented financial upheaval with aims to starting afresh on the other hand. I think we will choose the uncertainty of completely revising our capitalism every time.
Xeven said: This Nuclear exchange would only bruing ruin to China and marginal damage to the US.
smirkley: US citizens are needed as consumer 'slaves' to their economy.
Originally posted by smallpeeps
Outstanding comments, subz. I am wondering how you think this would happen? I mean, wouldn't it take rifles and guns to force off the world bank, which would surely not look kindly on our cheating?
Originally posted by toolmaker
Allow me to retort;
The United States department of Treasury sells roughly 300 Billion in Tbills every year. These are Debt securities, which the american taxpayer must pay interest on. China Buys roughly 65% of these T bills every year, and recieves Billions of dollars in Interest payment on them Every month.
When you read about a 450 billion dollar deficit for the year, exactly where does the money come to make up that difference? From Tbills the treasury sells to finance the debt.