The Last Act of the American Century

[Huan]

U.S is technologically advanced, geographically large, and third most population nation. It is not going anywhere soon, but it will need to re-industrialize itself or offer knowledge based service with real value.

Bring the jobs back to home.

Don't hold your breath.

 

[SMC]

10 years down the road, we'll be laughing at articles like these, when people have to cross 5 international borders to drive from Florida to California.

 

[VCheng]

10 years down the road, we'll be laughing at articles like these, when people have to cross 5 international borders to drive from Florida to California.

Let's see then, shall we? I would bet against you.

 

[Mosamania]

America is still in shock over the state it is in it is as if it woke up one morning and looked at the debt clock and sent OMG what have I been doing.

It will work itself out somehow though but it will go through so much on its way to get there.

The prospect of state seceeding from the USA is a far thought and maybe only under extreme and utter deficit will it happen but it is highly unlikely.......not now at least.

 

[VCheng]

America is still in shock over the state it is in it is as if it woke up one morning and looked at the debt clock and sent OMG what have I been doing.

It will work itself out somehow though but it will go through so much on its way to get there.

The prospect of state seceeding from the USA is a far thought and maybe only under extreme and utter deficit will it happen but it is highly unlikely.......not now at least.

Actually, one state has the right to secede included in the US Constitution with certain conditions. Any guesses?

 

[IndoCarib]

^^^^^
Confederate States of America government

 

[Chinese-Dragon]

The prospect of state seceeding from the USA is a far thought and maybe only under extreme and utter deficit will it happen but it is highly unlikely.......not now at least.

Yes, the probability that America will "break up" is very low.

Normal states do not break up during economic crashes. The USSR was an artificial construct, which is why it could not last. Other states like America, China or Britain have gone through numerous economic crashes in their lifetime and have not broken up.

 

[REEVER]

Yes, the probability that America will "break up" is very low.

Normal states do not break up during economic crashes. The USSR was an artificial construct, which is why it could not last. Other states like America, China or Britain have gone through numerous economic crashes in their lifetime and have not broken up.

wrong, Tibet, inner Mongoli,a Xinjiang and Taiwan ( to some extent) are all being held into place by the CCP a crash in china would result in these regions rioting and pulling away. china for long periods of time was split into many diffrent regions then unified into what we refer to as today as china or "one china" ( although tiwan makes it "2 chinas"). there are many different racial groups in china being oppressed by the Han people List of ethnic groups in China - Wikipedia, the free encyclopedia < "source".

 

[siegecrossbow]

Actually, one state has the right to secede included in the US Constitution with certain conditions. Any guesses?

You talking about Texas?

 

[Chinese-Dragon]

wrong, Tibet, inner Mongoli,a Xinjiang and Taiwan ( to some extent) are all being held into place by the CCP a crash in china would result in these regions rioting and pulling away. china for long periods of time was split into many diffrent regions then unified into what we refer to as today as china or "one china" ( although tiwan makes it "2 chinas"). there are many different racial groups in china being oppressed by the Han people List of ethnic groups in China - Wikipedia, the free encyclopedia < "source".

LOL, we have had plenty of economic crashes already.

Where do you think our economy was in 1950?

And in 1960, our economy shrunk by one third as a result of the Great Leap forward.

In the 1980's, our economy grew and shrunk unpredictably after Deng Xiaoping's reforms.

How about the more recent Asian Financial crisis?

And that is only the past 50 years. Our history stretches back for several thousand years.

 

[zoochee]

Ignore the troll. REEVER does not even know Han is actually a fairly recent invention during nationalist movement in early 1900. We Chinese are not bound together by ethnicity but rather our culture and history. We might not agree with our government but we sure will fight to our death to ensure the sovereignty and the integrity of our motherland. (Its kind of like I don't agree with homosexual's lifestyle but I will defend their right to be homosexual). For the west if they wanna see CCP to go away, the best thing for them to do is by doing nothing, and as time progress either CCP will change or it will be changed. (Kind of like before Korean war the north should have just done nothing instead of invading the south, since Syngman Rhee's regime could have never lasted if north hadn't attacked)

 

[IndoCarib]

You talking about Texas?

South Carolina I believe

 

[Tiki Tam Tam]

On the issue of US debt that has been raised out here, who owns the US?

Who owns America? Hint: It's not China


By Tom Mucha, Global Post

Truth is elusive. But it's a good thing we have math.

Our friends at Business Insider know this, and put those two principles to work today in this excellent and highly informative little slideshow, made even more timely by the ongoing talks in Washington, D.C. aimed at staving off a U.S. debt default.

Here's the big idea:

Many people — politicians and pundits alike — prattle on that China and, to a lesser extent Japan, own most of America's $14.3 trillion in government debt.

But there's one little problem with that conventional wisdom: it's just not true. While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's really Americans who hold most of America's debt.

Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:



Hong Kong: $121.9 billion (0.9 percent)
Caribbean banking centers: $148.3 (1 percent)
Taiwan: $153.4 billion (1.1 percent)
Brazil: $211.4 billion (1.5 percent)
Oil exporting countries: $229.8 billion (1.6 percent)
Mutual funds: $300.5 billion (2 percent)
Commercial banks: $301.8 billion (2.1 percent)
State, local and federal retirement funds: $320.9 billion (2.2 percent)
Money market mutual funds: $337.7 billion (2.4 percent)
United Kingdom: $346.5 billion (2.4 percent)
Private pension funds: $504.7 billion (3.5 percent)
State and local governments: $506.1 billion (3.5 percent)
Japan: $912.4 billion (6.4 percent)
U.S. households: $959.4 billion (6.6 percent)
China: $1.16 trillion (8 percent)
The U.S. Treasury: $1.63 trillion (11.3 percent)
Social Security trust fund: $2.67 trillion (19 percent)

So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.
Who owns America? Hint: It&#039;s not China &#8211; Global Public Square - CNN.com Blogs

 

[harpoon]

No country has worked hard as USA to reach their current super power status. Don&#8217;t expect them to let go of that without a fight.

 

[Dragon Emperor]

I hope USA collapses and falls hard. When that happens, i will be dancing with glee and says" Serves you right for invading Iraq LOL!"