hello shades, usa reneging of debt is a given, and the effect will be widespread, but, rest assured, nuclear-armed and host to gazzillion usa-originated and usa-owned bucks investment china will be one of the very last to be stiffed, else we all would have nothing more to worry about, not chinese bond holders, and not usa shareholders - mad means mutually assured destruction, in senses of physical and monetary both
the case-by-case usa military supremacy is only relevant for the occasional firefights in the jungles and bushes, and not so effective at that, but is totally irrelevant to the final reckoning day, especially of a monetary sort.
this mad is not a comfortable situation, and no one promised comfort. meantime, the fruits of mad is enjoyable, and so suggest we enjoy it while we can, and store gold in the mean time.
the printing will continue, china will export, usa will buy, usd will fall, and fall some more, as with its aggregate standard of living and average fuel consumption.
china mostly holding usa short bills, and japan doing same on long end, while china is spending same as fast as it can and gearing up to spend more faster, while japan is aiming to do the hari kari, holding tight and hardly spending at all, to be the last bagholder, its traditional and ordained role.
should japan decide otherwise, meaning if and when it feels comfortable with n. and s. koreas, and china, then watch out below, because the usd will crash thunderously, and toyota lexus suv will no longer be sold unless, of course, it is produced in china.
the crux of the matter is simply that, at the basic level, i.e. usa made molds and tools, using same swedish/german specialty steel, costs 300 - 3,000% more than china-made same same, in factories owned by everybody from all around the world, and no amount of twiching, scheming, machinations, manipulations will change the very basics of competition.
as to dvd copying etc, all a smoke screen by clueless and solution-less politicians and sycophant lobbyists. warner bros just decided, wisely, to sell movie dvd in china for the correct price, usd 1.5/copy, the piracy price, and continue to charge you a fair price, usd 15/copy.
it all just is.
by no schema you have proposed/hinted at so far will it matter to what must be, else Rome would be ruling over Scotland.
chugs, j |
