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And if we default on the loan, let the PRC come and try to repossess them.
Gambit is right. Even we had a hectic debate a week ago on the issue. To me US can default on its debt,with ever increasing budget deficit the burden will ultimately become unsustainable and if the US default all of its budget financiers e.g FX reserve holders have nothing to resort to in the end since USD is no longer pegged to Gold. If we look at US exports they are of inelastic nature like Defense and technology which is the need of the world as US enjoys almost monopolistic position here. So defaulting is not a bad option at all for US the only expected outcome would be that reserve currency will be changed to perhaps Euros and US like China will need to hold FX reserves what else can happenthey wont go reprocess but good luck getting any future loans from anyone when the AAA rating drops to C or D something i definitively do not want to happen, i'm still in the country after all
Gambit is right. Even we had a hectic debate a week ago on the issue. To me US can default on its debt,with ever increasing budget deficit the burden will ultimately become unsustainable and if the US default all of its budget financiers e.g FX reserve holders have nothing to resort to in the end since USD is no longer pegged to Gold. If we look at US exports they are of inelastic nature like Defense and technology which is the need of the world as US enjoys almost monopolistic position here. So defaulting is not a bad option at all for US the only expected outcome would be that reserve currency will be changed to perhaps Euros and US like China will need to hold FX reserves what else can happen
guys we have an economist with us
well friend, i agree. the american are already seeking for partnership ventures in various fields and this is all done to ease-off economic stress! the F35 project is a classic example to quote!
regards!
Take the US Navy E-3 Hawkeye for example. The US Navy decided to simplify logistics for this aircraft by eliminating the counter-rotating prop system. Now both props rotate in the same direction but require the pilot to apply counter rudder upon throttle changes. The US Navy decided that this is worth the cost savings throughout the supply chain, from warehouse to ship, by removing the additional gearing to make the other engine rotate its prop in the opposite direction.well as far as I am concerned about JSF is that it is a lollipop for the allies for financing the project the thought is that US will give only watered down JSFs to its partners.For US once they have it ready in production they can upgrade it to Raptor level cus they already have something better in their pocket I think you ve heard the news about UK complaining that Yankees are now providing them with the source codes of JSF computer program in order to modify the AC according to their need.Australia is hesitant for JSF now they are thinking about SH.Trust me US will gain 90% out of this venture and rest of world will gain only 10% furthermore JSFs will have to be brought to LM for maintainance so US will be the Gainer and the rest will be losers (Interms of outcome of Investments)
and yes sir I am a Financial Markets Analyst by profession and look into US EU UK AU and JP economies.
this is exactly what i said!well as far as I am concerned about JSF is that it is a lollipop for the allies for financing the project the thought is that US will give only watered down JSFs to its partners.For US once they have it ready in production they can upgrade it to Raptor level cus they already have something better in their pocket I think you ve heard the news about UK complaining that Yankees are now providing them with the source codes of JSF computer program in order to modify the AC according to their need.Australia is hesitant for JSF now they are thinking about SH.Trust me US will gain 90% out of this venture and rest of world will gain only 10% furthermore JSFs will have to be brought to LM for maintainance so US will be the Gainer and the rest will be losers (Interms of outcome of Investments)
and yes sir I am a Financial Markets Analyst by profession and look into US EU UK AU and JP economies.
they wont go reprocess but good luck getting any future loans from anyone when the AAA rating drops to C or D something i definitively do not want to happen, i'm still in the country after all
New Recruit
New Recruit
New photos of China's fifth-generation fighter plane.
wareye.com
New photos of China's fifth-generation fighter plane.
wareye.com