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From: Matthew Russotto on 16 Feb 2010 20:00 In article <4b799feb$0$22532$607ed4bc(a)cv.net>, Otto Yamamoto <otto(a)yamamoto.cc> wrote: >Neither is 'socialist'. China uses the *name* communist. >http://www.politicalcompass.org/euchart gives a fair idea where EU >governments fall politically. If you're to the left of Mao, anyway. All the EU governments are right-wing? ROTFL. -- The problem with socialism is there's always someone with less ability and more need.
From: Otto Yamamoto on 16 Feb 2010 21:50 On Tue, 16 Feb 2010 19:00:05 -0600, Matthew Russotto wrote: > If you're to the left of Mao, anyway. All the EU governments are > right-wing? ROTFL. Did you look at the link? That's not something I had a hand in. Just because someone tells you Europe is crawling with 'leftists' doesn't make it true. And as far as Mao, he was authoritarian. I'm not so inclined. There *is* a libertarian left in this country, though many people are unfamiliar of (or resistant to) the concept. -- Otto Yamamoto
From: Otto Yamamoto on 17 Feb 2010 00:11 On Wed, 17 Feb 2010 03:42:33 +0000, Brent wrote: > On 2010-02-17, Matthew Russotto <russotto(a)grace.speakeasy.net> wrote: >> In article <hl7pbs$b1v$2(a)news.eternal-september.org>, Brent >> <tetraethylleadREMOVETHIS(a)yahoo.com> wrote: >> >>>You forgot the other option ofthe forclosing body making use oif the >>>property. China has a lot of people and probably could use the space. >>>The federal government owns A LOT of land. >> >> Foreclosure works when you can enforce it. China is not powerful >> enough to foreclose on the US; they may have over a billion people, but >> they can't project the force over here well enough. > > Their power is economic. Pull the plug on the dollar and wait for the US > military to rust. That points up a very vexing problem with this country: while we have gone all out to ensure our military 'security'; we've done sod all to ensure our economic security. -- Otto Yamamoto
From: Matthew Russotto on 18 Feb 2010 16:14 In article <hlfoj9$md0$2(a)news.eternal-september.org>, Brent <tetraethylleadREMOVETHIS(a)yahoo.com> wrote: >On 2010-02-17, Matthew Russotto <russotto(a)grace.speakeasy.net> wrote: >> In article <hl7pbs$b1v$2(a)news.eternal-september.org>, >> Brent <tetraethylleadREMOVETHIS(a)yahoo.com> wrote: >> >>>You forgot the other option ofthe forclosing body making use oif the >>>property. China has a lot of people and probably could use the space. >>>The federal government owns A LOT of land. >> >> Foreclosure works when you can enforce it. China is not powerful >> enough to foreclose on the US; they may have over a billion people, but they >> can't project the force over here well enough. > >Their power is economic. Pull the plug on the dollar and wait for the US >military to rust. That destroys their economy as well, as the reason they could do that is they hold so much in the way of dollar-denominated securities; it's economic Mutally Assured Destruction. And putting the US in a corner is probably not the best idea for any country, as the military won't rust right away. -- The problem with socialism is there's always someone with less ability and more need.
From: Brent on 18 Feb 2010 16:30
On 2010-02-18, Matthew Russotto <russotto(a)grace.speakeasy.net> wrote: > In article <hlfoj9$md0$2(a)news.eternal-september.org>, > Brent <tetraethylleadREMOVETHIS(a)yahoo.com> wrote: >>On 2010-02-17, Matthew Russotto <russotto(a)grace.speakeasy.net> wrote: >>> In article <hl7pbs$b1v$2(a)news.eternal-september.org>, >>> Brent <tetraethylleadREMOVETHIS(a)yahoo.com> wrote: >>> >>>>You forgot the other option ofthe forclosing body making use oif the >>>>property. China has a lot of people and probably could use the space. >>>>The federal government owns A LOT of land. >>> >>> Foreclosure works when you can enforce it. China is not powerful >>> enough to foreclose on the US; they may have over a billion people, but they >>> can't project the force over here well enough. >> >>Their power is economic. Pull the plug on the dollar and wait for the US >>military to rust. > > That destroys their economy as well, as the reason they could do that > is they hold so much in the way of dollar-denominated securities; it's > economic Mutally Assured Destruction. And putting the US in a corner > is probably not the best idea for any country, as the military won't > rust right away. I don't believe in the mutally assured destruction theory of China dumping the dollar. Their government uses a fiat money. They have all the factories. Dumping it means buying something with it. Like natural resources. China is already doing this. Copper, gold, oil, etc and so forth. The US ends up with worthless money, no industry, and natural resources that can't be extracted because of either environmental laws or lack of capitial. China ends up with huge manufacturing capacity, a lot of the world's commodities, and huge internal population to supply. Eventually China will be able to pull the plug. It's just a matter of time. |