
11-13-2011, 08:25 AM
|
|
Quote:
Originally Posted by Figmo Bohica
tonyafd, I don't think that they want to push us out of the Western Pacific right now. We are a great market to them so that they can use OUR money to build their military. Once they have taken all they want from us then they might start pushing their military might around in the Western Pacific and I think that the first thing that they will take back is Taiwan. That will be a test to see how far we will go to protect an island thousands of miles from our shores and even if we can afford the price it will take to protect them.
Several weeks ago there was a news story that China and Russia were going to start trading in hard metals, IE., gold and silver. Then the story just went away, like so many news strories that could effect our way of life. Don't know if they actually are at this time, but when that happens I think that a new reserve currency is in the making, just don't know if it will be a current currency or a new one that the major traders agree on, and I don't think as of right now the US will be invited to the meeting.
Read what happened to the UK after WW II when the pound was dropped as the reserve currency. Really scarey reading and I think that the UK has never really recovered from that action to this day. They (UK) have gotten better but not back to there they were before the pound was replaced by the dollar.
We, as Americans, myself included, have gotten soft and a bit lazy. We have forgotten what it is like to work hard, save, then buy what we have wanted for a while, when we can actually afford the item. All of us, or the vast majority anyway, want it now, no matter what kind of debt we incure to get it all, and get it all, right now, and I mean right now.
|
I always believed that the housing collapse was caused by that attitude. People buying houses with no down payment and no savings. People used to save for years before they bought a house.
|