Is US Pledge to Be the World Leader Just Wishful Thinking?

[F-22Raptor]

That's what I don't like. Making predictions is a mental disorder. Since, you think you are so right all the time and you have somehow been bestowed with a mind which no one has. Also I don't see any statistical data to back up your claims ever. Neither do you have a history of hypothesis which were right apart from giving some silly motherhood statements.

Its somewhat like a selfie disorder I must say.

Well said....he can have an opinion, that's fine. It doesn't mean it's not utterly worthless.

 

[UKBengali]

That's what I don't like. Making predictions is a mental disorder. Since, you think you are so right all the time and you have somehow been bestowed with a mind which no one has. Also I don't see any statistical data to back up your claims ever. Neither do you have a history of hypothesis which were right apart from giving some silly motherhood statements.

Its somewhat like a selfie disorder I must say.

ok. whatever you say dude.

PS - You and your mates opinions count for zilch to me
as I dont think you are very smart.

 

[Indika]

The dollar is dead, USA is not a leader of the free world anymore. Agreed.

Dollar , currency is the one of the important factors. US keeps buying bonds with printed money and enriching itself. Trade with countries with china help them to a large extent. China artificially depreciates currency , subsidizes the export exploiting its own resources ( and ppl). End result USA remains rich, at the cost of rest of the world.

Irony is that in-spite of having ton's of money China, instead of using it for domestic poverty eradication ends up parking it in US bonds. Economically we need to move to multi currency basket or back to gold standard (might help india!).

 

[VCheng]

Dollar , currency is the one of the important factors. US keeps buying bonds with printed money and enriching itself. Trade with countries with china help them to a large extent. China artificially depreciates currency , subsidizes the export exploiting its own resources ( and ppl). End result USA remains rich, at the cost of rest of the world.

Irony is that in-spite of having ton's of money China, instead of using it for domestic poverty eradication ends up parking it in US bonds. Economically we need to move to multi currency basket or back to gold standard (might help india!).

Yes, the dollar died three years ago, but China is still stupid enough to continue buying US treasuries. What do you think explains this contradiction? May be USA is still the best place to invest because it creates wealth by innovation and hard work, and not by just printing money? But wait, Murrikans are too dumb to be innovative, and everyone know the fat bastards are lazy. So we are back to square one.

 

[Indika]

Yes, the dollar died three years ago, but China is still stupid enough to continue buying US treasuries. What do you think explains this contradiction? May be USA is still the best place to invest because it creates wealth by innovation and hard work, and not by just printing money? But wait, Murrikans are too dumb to be innovative, and everyone know the fat bastards are lazy. So we are back to square one.

Innovation exists in USA but the gap is closing when compared to rest of the world. Countries will import goods which they cannot manufacture (hitech goods like intel chips, military equipment) or in short supply (oil, food grain). Other than intel chips,hitech military/research equipment most of it can be had else where.

But value creation is not happening in china (even though they have lots of money which can be used for r&d ) or india. Countries like south korea, japan, taiwan are better in that case. If countries like china/india stop exporting subsidized goods then US will have to manufacture it locally. Which will then raise the price internally as labour is expensive.

China simply buys US bonds bcos it cuts down dollar supply and depreciates its currency. The americans use money got by selling bonds (bought by chinese) to buy chinese goods. Thereby giving employment to chinese!

This is the very same reason even germany( AKA Euro) lends money to greece to buy german goods. As such cycle continues.

If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.(J. Paul Getty)

Guess greece took less money than USA thats why its suffering, if it had taken lots of money from every one. Then they would not let it fail. (2008 crisis fannie mae,freddie mac, big banks ).
Bigger you screw the better , perception counts .

 

[VCheng]

Other than intel chips,hitech military/research equipment most of it can be had else where.

Of course other countries make the same products, but they work just as well as the ChInese engines for Pakistan Railways, compared to the genuine GE Evolutions.

This is the very same reason even germany( AKA Euro) lends money to greece to buy german goods. As such cycle continues.

I think that the Greek cycle just broke.

========================

But it's alright, I agree with you USA is dead and as good as gone. Happy now?

 

[Indika]

Of course other countries make the same products, but they work just as well as the ChInese engines for Pakistan Railways, compared to the genuine GE Evolutions.

In early 1980's japanese cars were considered to be crap circa 2000's, iconic american brands Ford and GM were near bankruptcy. Its just matter of time but requires due diligence (+tons of political will) . ( and of course you need a big market to make products economically viable)

Last of the Globemasters: The Final C-17 Orders
" In order to keep the C-17 production line and sales cycle alive, they’ll have to depend on foreign orders from export customers like the UAE, India, etc., orders for a civilian transport version to provide outsize cargo and/or remote equipment delivery, or some other contingency."

200 BAE staff to lose jobs if India misses deal deadline - Telegraph

But it's alright, I agree with you USA is dead and as good as gone. Happy now?

Seriously ,are you smoking weed for evening break. Well don't put words into my mouth. I never said or indicated that. Its your own imagination coming into play (manifestation of your psychological fear? ). Dead? Happy ? ==> loads of crap .

My contention is other parts of the world can develop better and compete provided they have stable, peaceful atmosphere. Instead they spend money and effort on war.

Heres a nice snippet, for the technologically superior, economically mightier and leader in death/destruction.

In 1975, Isro needed beryllium diaphragms for a new device. Today, you can find these diaphragms in highquality audio speakers. But few nations had the ability to make them 40 years ago. We approached a US-based firm which agreed to sell them to us. Just when the deal was about to go through, the US government blocked the sale as the material was being used in their strategic missiles.

Denied a critical product, we started learning more about it; and discovered something startling. The US diaphragms were made from beryllium rods produced in Japan — and the Japanese makers had outsourced the beryllium from us! India was among the top four producers of this rare element. We were dismayed to learn that a product whose raw material we possessed almost exclusively was denied to us. A committee of top research labs was then constituted to make our own beryllium diaphragm. In four months, we triumphed.

What goes around ,comes around enjoy until then .

 

[VCheng]

In early 1980's japanese cars were considered to be crap circa 2000's, iconic american brands Ford and GM were near bankruptcy. Its just matter of time but requires due diligence (+tons of political will) . ( and of course you need a big market to make products economically viable)

Last of the Globemasters: The Final C-17 Orders
" In order to keep the C-17 production line and sales cycle alive, they’ll have to depend on foreign orders from export customers like the UAE, India, etc., orders for a civilian transport version to provide outsize cargo and/or remote equipment delivery, or some other contingency."

200 BAE staff to lose jobs if India misses deal deadline - Telegraph



Seriously ,are you smoking weed for evening break. Well don't put words into my mouth. I never said or indicated that. Its your own imagination coming into play (manifestation of your psychological fear? ). Dead? Happy ? ==> loads of crap .

My contention is other parts of the world can develop better and compete provided they have stable, peaceful atmosphere. Instead they spend money and effort on war.

Heres a nice snippet, for the technologically superior, economically mightier and leader in death/destruction.

In 1975, Isro needed beryllium diaphragms for a new device. Today, you can find these diaphragms in highquality audio speakers. But few nations had the ability to make them 40 years ago. We approached a US-based firm which agreed to sell them to us. Just when the deal was about to go through, the US government blocked the sale as the material was being used in their strategic missiles.

Denied a critical product, we started learning more about it; and discovered something startling. The US diaphragms were made from beryllium rods produced in Japan — and the Japanese makers had outsourced the beryllium from us! India was among the top four producers of this rare element. We were dismayed to learn that a product whose raw material we possessed almost exclusively was denied to us. A committee of top research labs was then constituted to make our own beryllium diaphragm. In four months, we triumphed.

What goes around ,comes around enjoy until then .

Dude, you are taking things too seriously here. As you say, let me enjoy it until whatever it is that supposed to come around actually does.