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China plans to boost its official defence budget by 11.2 per cent this year as Beijing is balancing the modernisation of its armed forces against the need to keep military spending in line with economic development.
The Stockholm Institute for Peace Research, one of the most respected independent research institutions, estimates that the official figure accounts for about 60 per cent of China's total military spending.
i wouldnt worry as the stuff that your tax dollars has hidden away in the top secret labs will probably keep america tops for another 20-30
Originally posted by theubermensch
like you said,its crazy that America is funding this. Its like America is funding its own demise.
Originally posted by theubermensch
China plans to boost its official defence budget by 11.2 per cent this year as Beijing is balancing the modernisation of its armed forces against the need to keep military spending in line with economic development.
They are following the US step by step. One of the big advanatages the US has miliarily is the interstate highway system, and they have copied it down to the atom.
So China again increases its official military budget while America is making cuts. Both are in line with economic development I guess. China will overtake the United States as the worlds largest economy in 5 years.
A lot can happen in five years. China is at risk of over inflation and the dollar collapsing. They make a lot of risky and ego driven decisions, along with teh brilliant ones. Three Gorges Dam alone could be their archilles heel.
Will China also overtake the United States militarily by that time as well.
Nope.
The US military might is twice as much as the next 15 countries combined, and five times that of China alone, with budget cuts. China has to much earning discrepencies to ever generate enough revenue from its citizens to create an equal military. A good portion of their population are still rice farmers without a working toilet.
America is finished. America has peaked.
Don't be a drama queen, it looks even worse on men.
A 8.9% unemployment and a lower credit rating is hardly the end of anything.
China is rising.
Precariously.
Now here is what other people don't consider. China's biggest compitor isn't the US, it is India.
And don't think Russia will stay quiet for long either. You will now have two or three emerging countries competing for the same piece of pie.
So stop trying to simplify it.
The Stockholm Institute for Peace Research, one of the most respected independent research institutions, estimates that the official figure accounts for about 60 per cent of China's total military spending.
We obviosly dont know the exact figure that China spends on its military but its probably twice what they tell us.
Ok.
America will lose its Reserve Currency status sometime soon. The military is the main thing America has going for it.
America still manufactures 40% higher then China does. So no, military isn't our only economy.
Once America runs out of borrowed money to fund its military,which is already happening it will be game over for America. It will be soon. Within five years.
Is this your educated and informed response? I think not.
First off, most of America's debt is to Americans. Second of all, the money that has been lent from China AND Japan, doesn't necessarily have to be paid back.
Even with our current national debt, we will haven't even reached post WWII levels.
Scared Americans find comfort in telling themselves that China's economy is linked to America's economy so it is in China's best interest to encourage an environment that is conducive to a healthy America. These people must be deluded or in denial. China is not America's friend. They are engaged in economic warfare with America and have been for some time. China wants to be the sole superpower. The way to achieve that status is to control the Reserve Currency status. That is the end game. Does anyone really think that China is happy to allow America to continue to control the Reserve Currency? China's goal for America is to use the land as a Chinese colony.
Now your just talking out of your arse.
Or America is engaged with economic warfare against China. Ever consider that? We have a GDP that can outlast China, which is why we can carry so much debt.
Don't forget, they said the same thing about Russia and Japan. We were all supposed to be speaking Japanese by now....
America couldnt even keep its Credit Rating. It is a failure of a nation.
See my previous statement about being a drama queen. If you are going to try to dicuss world economics, leave the melodrama out of It.
is so far in the red that it can never pay it back.
Actually we have been in this much debt several times before.
edit on 5-3-2012 by nixie_nox because: (no reason given)
Originally posted by nixie_nox
reply to post by theubermensch
Negating your hogwash isn't defensive. And don't try your little tactics on me, its sad.
Now, instead of trying to derail that you have no response by putting up a smokescreen, why don't you redeem yourelf and come up with a response?