CardSharp
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Option 1:
hahahaha Canada as an expansionist power, now I've seen it all....
America will Collapse
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hahahaha Canada as an expansionist power, now I've seen it all....
gambit
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Nothing more than a convenient label. Still...The expressed ideological foundation is communism. There is no ideological foundation for dictatorship for the people to identify with and that can be exported. A British king can justify his authoritarian rule but he cannot export those justifications to Timbuktu. However, royalty everywhere can try to justify their rule under some divine authorization and God is definitely exportable. Democracy and capitalism are easily exportable and intellectually ingested. So without communism, even as a facade, the Chinese leadership will have no reasons to exist.
sur
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تيرا پيو...
u simply cannot read ,,, & are oblivious & in denial
CardSharp
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gambit
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They know. The natives are restless in China, no?You better update the Chinese people then.
Chinese-Dragon
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Yes I am totally restless.
I want to attack Hu Jintao with my democratic axe-handle!
Viva la revolution and all that.
CardSharp
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Some are, but they are more or less concerned with matters of social justice (a good thing I propose). The idealistic democratic activists are the upper class yuppies spending their days 'fighting the good fight' on twitter and snickering about how they are smarter than the authorities.
I'm sure those people are totally in touch with the average Chinese and can lead a people's democratic revolution.
Look at him, doesn't he just scream salt of the Chinese earth?
monitor
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Death by debt?
Last Sunday, I joked that China had put the US on EBay. Was I wrong? By its debt and creditworthiness being downgraded for the first time ever, the United States of America has, for all intents and purposes, defaulted. What seemed unthinkable because of Americas clout became possible when Standard & Poors downgraded Americas rating from AAA to AA+. Moodys had downgraded it earlier to AAA minus. Fitch will soon follow. Now interest rates will increase, servicing debt will become more expensive, there will be greater public and private defaults, growth will decline further and fear of another downgrade will haunt. The world is caught in this downward spiral caused by the crimes of the few against the many.
More damagingly, it is Americas global clout that has been downgraded. The US economy will decline faster and further causing more political hysteria and an even more mentally challenged leadership may emerge in a kneejerk reaction that could take the whole world down with it. Were in for one hell of a roller coaster ride.
Perhaps, formal default that was amateurishly averted by Congress at the last minute by a juvenile deal would have been better, for a formal default would have put America on the right path of not living beyond its means and creating a false aura of well-being. Only by demolishing a structurally dangerous edifice can you start building a new and better one.
This is worse than the defeats in Afghanistan and Iraq. For that, excuses can be made. For this, there are none. The reason is clear and simple: the incremental downgrade in leadership over the last five decades the primary cause of which is the progressive meltdown in US and western political systems. To be fair, this is a worldwide malaise, bar China. The saving grace is The China Syndrome when the cores of Western economic, political and military power melt down and go through the centre of the earth, they will emerge in China and the Far East. The pendulum would have swung for the second time in human history back to where it started.
Its human nature to hold forth on anything and everything with certitude most endearing without knowing the facts, much less understanding them. Its not in human nature to say, I dont know because its not in human nature to admit weakness, much less fallibility. So here are the facts. You will be amazed.
The figures that follow come from the CIA, Eurostat, the World Bank and the US Treasury. They are about three days old and are also reflected in the Debt Clock.
National Public Debt Outstanding or Public Debt represents the face amount or principal amount of marketable and non-marketable securities currently outstanding. US Public Debt is $14.6 trillion, and rising by the second.
GDP is the acronym of Gross Domestic Product. It is the total value of all the goods and services produced in a country in one financial year. Americas GDP is 14.8 trillion.
Public Debt to GDP ratio is the cumulative total of all government borrowings less repayments that are denominated in a countrys home currency. Americas is 78 percent.
Heres the crunch. External Debt to GDP ratio is the total public and private debt owed to non-residents repayable in foreign currency, goods or services. US External Debt to GDP ratio a few days ago was 98 percent of GDP. It just reached 100 percent.
Thus, per capita, every US citizen is indebted to the tune of $46, 720 and every taxpayer to the tune of $130,000.
All this is nothing compared to the US Total Debt of $55 trillion, and rising. I say again: US Total Debt is $55 trillion. In case you are wondering, US Total Debt includes household, business, state and local governments, financial institutions and the federal government. What is there left to say? How in Gods name are they ever going to deal with this honestly? The fall of the American Empire will be far greater and more destructive than the fall of any empire before it.
Heres more. US federal spending is $3.6 trillion while the federal budget is only $1.4 trillion, of which $703 billion goes to wars and defense.
The total US interest for 2011 is $3.65 trillion, which means that, per citizen, it will have to pay $11,679.
Personal debt includes all personal obligations: mortgage debt and consumer debt, which includes car loans and short-term revolving credit card debt. US Total Personal Debt is $16 trillion.
Mortgage Debt of $13.6 trillion includes single and multi-family residences, farms, and non-farm and non-residential mortgages.
Consumer Debt of $2.44 trillion consists of all revolving and non-revolving personal debt: car loans and credit card debt.
Credit Card Debt, which is $800 billion, is unsecured consumer debt owed to credit card companies and banks.
That means that Personal Debt per citizen is $51,403 i.e. Total Personal Debt divided by the population.
For comparison, look at the Debt to GDP ratios of other important countries. Of the so-called BRICs, Brazils Public Debt to GDP ratio is 60 percent and External Debt to GDP ratio is 18 percent; Russias 10 and 32 percent respectively; Indias 52.3 and 22 percent; and Chinas 16.8 and 5.44. They are all much better off than America. China is outstanding. The Chinese realized from the beginning that living off borrowed money, beyond ones means, is to create a temporary mirage to give the illusion of economic growth and well being. One day the mirage disappears.
You must be wondering what Pakistans ratios are. Its Public Debt to GDP ratio is 43 percent and External Debt to GDP ratio 32 percent. Not so bad after all, when you compare it to America. Not bad at all.
Now look at Europe. The UKs Public Debt to GDP ratio is 81 percent and External Debt to GDP ratio 388 percent. Come again. 388 percent? Believe it or not, it is. Thats nothing compared to Irelands ridiculous External Debt to GDP ratio of 1,110 percent, which dwarfs its Public Debt to GDP ratio of 129 percent. Spain was supposed to go first and trigger off Italys default. Now its happening the other way round thats how much the experts whove dug this hole for us know. Both countries will go under any day now. Italys Public Debt to GDP ratio is 119 percent and External Debt to GDP ratio is 132 percent, while Spains are 70.3 percent and 169 percent respectively. Germanys Public Debt to GDP ratio is 75 and External Debt to GDP ratio 119 percent. Frances Public Debt to GDP ratio is 86.5 percent and External Debt to GDP ratio 208 percent. What are these two going on about?
That Americas Public Debt to GDP ratio is 78 percent is bad enough, but when you add to it External Debt to GDP ratio of 100 percent, the lights go out. The light that you see comes from the generator. Dont be fooled. When the petrol runs out there may be no money to buy more. Then what?
The writer is a political analyst. He can be contacted at humayun.gauhar786@gmail.com
Last Sunday, I joked that China had put the US on EBay. Was I wrong? By its debt and creditworthiness being downgraded for the first time ever, the United States of America has, for all intents and purposes, defaulted. What seemed unthinkable because of Americas clout became possible when Standard & Poors downgraded Americas rating from AAA to AA+. Moodys had downgraded it earlier to AAA minus. Fitch will soon follow. Now interest rates will increase, servicing debt will become more expensive, there will be greater public and private defaults, growth will decline further and fear of another downgrade will haunt. The world is caught in this downward spiral caused by the crimes of the few against the many.
More damagingly, it is Americas global clout that has been downgraded. The US economy will decline faster and further causing more political hysteria and an even more mentally challenged leadership may emerge in a kneejerk reaction that could take the whole world down with it. Were in for one hell of a roller coaster ride.
Perhaps, formal default that was amateurishly averted by Congress at the last minute by a juvenile deal would have been better, for a formal default would have put America on the right path of not living beyond its means and creating a false aura of well-being. Only by demolishing a structurally dangerous edifice can you start building a new and better one.
This is worse than the defeats in Afghanistan and Iraq. For that, excuses can be made. For this, there are none. The reason is clear and simple: the incremental downgrade in leadership over the last five decades the primary cause of which is the progressive meltdown in US and western political systems. To be fair, this is a worldwide malaise, bar China. The saving grace is The China Syndrome when the cores of Western economic, political and military power melt down and go through the centre of the earth, they will emerge in China and the Far East. The pendulum would have swung for the second time in human history back to where it started.
Its human nature to hold forth on anything and everything with certitude most endearing without knowing the facts, much less understanding them. Its not in human nature to say, I dont know because its not in human nature to admit weakness, much less fallibility. So here are the facts. You will be amazed.
The figures that follow come from the CIA, Eurostat, the World Bank and the US Treasury. They are about three days old and are also reflected in the Debt Clock.
National Public Debt Outstanding or Public Debt represents the face amount or principal amount of marketable and non-marketable securities currently outstanding. US Public Debt is $14.6 trillion, and rising by the second.
GDP is the acronym of Gross Domestic Product. It is the total value of all the goods and services produced in a country in one financial year. Americas GDP is 14.8 trillion.
Public Debt to GDP ratio is the cumulative total of all government borrowings less repayments that are denominated in a countrys home currency. Americas is 78 percent.
Heres the crunch. External Debt to GDP ratio is the total public and private debt owed to non-residents repayable in foreign currency, goods or services. US External Debt to GDP ratio a few days ago was 98 percent of GDP. It just reached 100 percent.
Thus, per capita, every US citizen is indebted to the tune of $46, 720 and every taxpayer to the tune of $130,000.
All this is nothing compared to the US Total Debt of $55 trillion, and rising. I say again: US Total Debt is $55 trillion. In case you are wondering, US Total Debt includes household, business, state and local governments, financial institutions and the federal government. What is there left to say? How in Gods name are they ever going to deal with this honestly? The fall of the American Empire will be far greater and more destructive than the fall of any empire before it.
Heres more. US federal spending is $3.6 trillion while the federal budget is only $1.4 trillion, of which $703 billion goes to wars and defense.
The total US interest for 2011 is $3.65 trillion, which means that, per citizen, it will have to pay $11,679.
Personal debt includes all personal obligations: mortgage debt and consumer debt, which includes car loans and short-term revolving credit card debt. US Total Personal Debt is $16 trillion.
Mortgage Debt of $13.6 trillion includes single and multi-family residences, farms, and non-farm and non-residential mortgages.
Consumer Debt of $2.44 trillion consists of all revolving and non-revolving personal debt: car loans and credit card debt.
Credit Card Debt, which is $800 billion, is unsecured consumer debt owed to credit card companies and banks.
That means that Personal Debt per citizen is $51,403 i.e. Total Personal Debt divided by the population.
For comparison, look at the Debt to GDP ratios of other important countries. Of the so-called BRICs, Brazils Public Debt to GDP ratio is 60 percent and External Debt to GDP ratio is 18 percent; Russias 10 and 32 percent respectively; Indias 52.3 and 22 percent; and Chinas 16.8 and 5.44. They are all much better off than America. China is outstanding. The Chinese realized from the beginning that living off borrowed money, beyond ones means, is to create a temporary mirage to give the illusion of economic growth and well being. One day the mirage disappears.
You must be wondering what Pakistans ratios are. Its Public Debt to GDP ratio is 43 percent and External Debt to GDP ratio 32 percent. Not so bad after all, when you compare it to America. Not bad at all.
Now look at Europe. The UKs Public Debt to GDP ratio is 81 percent and External Debt to GDP ratio 388 percent. Come again. 388 percent? Believe it or not, it is. Thats nothing compared to Irelands ridiculous External Debt to GDP ratio of 1,110 percent, which dwarfs its Public Debt to GDP ratio of 129 percent. Spain was supposed to go first and trigger off Italys default. Now its happening the other way round thats how much the experts whove dug this hole for us know. Both countries will go under any day now. Italys Public Debt to GDP ratio is 119 percent and External Debt to GDP ratio is 132 percent, while Spains are 70.3 percent and 169 percent respectively. Germanys Public Debt to GDP ratio is 75 and External Debt to GDP ratio 119 percent. Frances Public Debt to GDP ratio is 86.5 percent and External Debt to GDP ratio 208 percent. What are these two going on about?
That Americas Public Debt to GDP ratio is 78 percent is bad enough, but when you add to it External Debt to GDP ratio of 100 percent, the lights go out. The light that you see comes from the generator. Dont be fooled. When the petrol runs out there may be no money to buy more. Then what?
The writer is a political analyst. He can be contacted at humayun.gauhar786@gmail.com
gambit
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And you think the Chinese leadership with their own wealth and political privileges are any more 'in touch' with the people?
Nitin Goyal
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Bottom line you spend more than you have coming in you coolapse. America only question is when not if.
pakistanis should read this
The US debt crisis and a Pakistani riddle | | DAWN.COM
CardSharp
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They've already led their revolution. If you want to change the government you're going to have to come up with something better than these yuppie pansies.
Love the way American axx lickers go off topic. Maijority in india and pakistan are poor and hungry america going bankrupt aint gonna affect or bother them much.
Dont take americans and axx lickers off topic. America is going bust is the topic. lets talk about that
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