Comments on: Waiting for the other shoe to drop http://blogs.reuters.com/great-debate-uk/2010/08/25/waiting-for-the-other-shoe-to-drop/ Wed, 16 Nov 2016 01:37:11 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: RathaPM http://blogs.reuters.com/great-debate-uk/2010/08/25/waiting-for-the-other-shoe-to-drop/comment-page-1/#comment-11884 Mon, 30 Aug 2010 09:01:42 +0000 http://blogs.reuters.com/great-debate-uk/?p=8389#comment-11884 What I would love to see from Mr. Copeland is an acknowledgement and discussion of the dire scenarios facing the Asian economies of which he is so enamoured. I do not suspect that this level of objectivity and intellectual honesty will ever be forthcoming, however, as I have found that those seriously discussing “treasury dumping” and the other memes he propagates here are simply too laden with baggage to do so. These are men and women are well-enough educated to know better, but who engage in these arguments anyway. Sometimes they are simply defeatist and declinist. Sometimes they want to make their name on the bandwagon. Sometimes they just want to stake a claim to be able to cover their bases so that in any negative scenario they can say they “called it” (hence being a long-term hyper-bear on western economies). Sometimes they simply romanticize the other, which seems to be something the British are particularly prone to.

Sometimes it’s all of the above.

Always, though, these people peddle what is essentially thinly disguised gossip and rumour into fearmongering, all the better that people will read what they produce.

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By: RathaPM http://blogs.reuters.com/great-debate-uk/2010/08/25/waiting-for-the-other-shoe-to-drop/comment-page-1/#comment-11883 Mon, 30 Aug 2010 08:57:00 +0000 http://blogs.reuters.com/great-debate-uk/?p=8389#comment-11883 Astonishing to hear a Cardiff man espousing such pablum as “dumping treasuries,” and a myriad of other doom-and-gloom contained herein. But, then, insight into the United States at any level from outside sources is typically quite woefully bad.

Over the next 30 years the United States economy will generate a minimum of 600 trillion dollars in GDP. That’s assuming creaking average growth. Even if the U.S. economy did not grow a dollar in the next 30 years, it would still generate $435 trillion in income.

China cannot “dump treasuries,” there is no mechanism which truly allows this.

China owns roughly 6.5% of U.S. debt Japan owns a bit less. Not a quarter of U.S. debt, not 40+% of U.S. debt.

China cannot dump treasuries without destroying its own economy, its own fiscal fortunes, and its own shallow markets.

China (to a commenter) does not have “a missile that can sink our carriers.” I’m, again, astonished at the level of ignorance on display. Trying listening to the majority of defense analysts from around the world, not a single AP writer seeking headlines. Try researching the systems the United States has been developing for theatre ballistic missile defense.

The massively costly school that just opened in California WAS reported “in the media,” Mr. Copeland, widely so.

America’s GDP is roughly $14.5 trillion annually. I am, again, astonished at how rarely this figure is published. Debts and deficits are published. The size of China’s economy is published. But this figure is virtually never so. Why might that be? Claiming $13 trillion in federal debt is unpayable because $13 trillion is such a huge number relative to every other country perhaps makes a bigger buzz when you don’t also point out that relative to the size of the ANNUAL income of the United States it looks far less daunting. This is roughly akin to someone making $100,000 annually seeing a one million dollar mortgage and having a heart attack, despite the fact that the holder of that mortgage makes over a million dollars annually.

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By: zardthebard http://blogs.reuters.com/great-debate-uk/2010/08/25/waiting-for-the-other-shoe-to-drop/comment-page-1/#comment-11880 Sun, 29 Aug 2010 08:20:55 +0000 http://blogs.reuters.com/great-debate-uk/?p=8389#comment-11880 You all wondering what the world will be like once the U.S. is no longer #1, just look back to the end of WW2, the world lead by the US just defeated one army (Axis) which was trying to take over the world, and once that was done it immediately faced off against world-takeover-threat #2, the USSR. The USSR supposedly “fell” (shed some of it’s less profitable countries) in 1988 and things have been dandy ever since, but not really. The threat does and will always exist.

So just imagine if the US wasn’t there to save the day toward the end of WW2, where would we be today, what sort of compromises we’d have made with the war machines?

Pay no attention to anybody trying to compare the “average wage” of one country with another (like Dwight_Jones has done above). It’s trick that leads to robbery.

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By: satsangi http://blogs.reuters.com/great-debate-uk/2010/08/25/waiting-for-the-other-shoe-to-drop/comment-page-1/#comment-11871 Fri, 27 Aug 2010 08:10:06 +0000 http://blogs.reuters.com/great-debate-uk/?p=8389#comment-11871 Stronger Gold weaker the Dollar! If at all the other shoe is dropped some one will wear it WHO?

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By: JMS1 http://blogs.reuters.com/great-debate-uk/2010/08/25/waiting-for-the-other-shoe-to-drop/comment-page-1/#comment-11867 Fri, 27 Aug 2010 06:06:32 +0000 http://blogs.reuters.com/great-debate-uk/?p=8389#comment-11867 For all concerned citizens. Whilst we are all very sadly innocent victims of this global ponzi scheme WIth ourselves, our governments, future generations born into debt slavery, it does not have to be this way, there are solutions out there – http://www.bankofenglandact.co.uk/

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By: Greenspan2 http://blogs.reuters.com/great-debate-uk/2010/08/25/waiting-for-the-other-shoe-to-drop/comment-page-1/#comment-11865 Fri, 27 Aug 2010 03:33:30 +0000 http://blogs.reuters.com/great-debate-uk/?p=8389#comment-11865 Please, some other country, or more likely, group of stable countries, take over as a currency standard and provide some mature, measured economic policy to promote growth and stability. The US is incapable of doing so. If it is any consolation, the country is large and unified enough to somehow eventually weather through this self created catastrophe, in spite of having inflicted irreparable suffering upon its own people and societies all over the world, but America needs to be less influential.

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By: misdelivery http://blogs.reuters.com/great-debate-uk/2010/08/25/waiting-for-the-other-shoe-to-drop/comment-page-1/#comment-11864 Fri, 27 Aug 2010 02:34:18 +0000 http://blogs.reuters.com/great-debate-uk/?p=8389#comment-11864 I still like my idea about holding the world hostage. We need to be capitalizing on that. Pay me to be your peace police!

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By: Dwight_Jones http://blogs.reuters.com/great-debate-uk/2010/08/25/waiting-for-the-other-shoe-to-drop/comment-page-1/#comment-11861 Fri, 27 Aug 2010 01:47:05 +0000 http://blogs.reuters.com/great-debate-uk/?p=8389#comment-11861 In my book the The Humanist Obama devalues the USD through printed money, in a race with Sterling, the Yen and Euro, to a third of today’s value. he pays off debt, makes factories that went to Asia consider a return. Rents the Navy to the UN, now in Singapore.

But the main, undiscussed issue remains: western workers have traditionally made ten times the wages of Asian workers. This truth that dare not speak its name must be addressed, and the Euro/US crowd must learn to live on a LOT less.

If we haven’t acknowledged that de facto slavery relationship of old, we’re a long way from adjusting to its dissolution.

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By: STORYBURNthere http://blogs.reuters.com/great-debate-uk/2010/08/25/waiting-for-the-other-shoe-to-drop/comment-page-1/#comment-11860 Fri, 27 Aug 2010 01:42:46 +0000 http://blogs.reuters.com/great-debate-uk/?p=8389#comment-11860 Don’t worry, China and Germany will save everybody

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By: noway http://blogs.reuters.com/great-debate-uk/2010/08/25/waiting-for-the-other-shoe-to-drop/comment-page-1/#comment-11859 Fri, 27 Aug 2010 01:37:40 +0000 http://blogs.reuters.com/great-debate-uk/?p=8389#comment-11859 You could put all of our money in Russia, or the UK, or Greece, or any other Euro country, but you don’t. Why is that?

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