Unheard: Moody's says USA might lose AAA rating

[NightRychune]

unfortunately the US' police force is highly paramilitarized at this point and in a similar situation would not hesitate to respond with overwhelming, likely disproportionate force

[Camaro]

The populace of America is decently well armed enough to resist police forces.

The military is a bit of a different story... but even then a couple of million vs hundreds of millions isn't going to work well.

[MrChaos]

QUOTE (NightRychune @ Aug 8 2011, 11:56 PM) unfortunately the US' police force is highly paramilitarized at this point and in a similar situation would not hesitate to respond with overwhelming, likely disproportionate force

Its a long boat ride over and the Chinese have plenty of people with guns... just who they use them on is the question Watch and see, watch and see.

The Chinese economy is teettering and will absolutely crash if the west goes into another recession. Worse they have almost no social safety nets in place to keep the masses calm until things improve. Sure it will be bad in the US, worse in Europe, but it will be catastrophic for China. What made me go hmmm was how the $#@! could China's economy be expanding while the people they depended on for it where contracting during the second Great Depression errr the Naughts Recession.

Plenty of reasons tbs but it turned out they were giving their customers money to buy more stuff and do it by denying standard of living increases for their own exploited poor. Worse the little economic engine that could was fueled with the savings of the exploited and used to build things internally to keep manufacturing capacity up by building infrastructure almost no one could afford, in areas no one is living, and building it all with a strong disdain for the concept of intellectual property rights and general expertise.

When the hammer falls all of the new housing and infrastructure won't go poof but the money invested surely will and with it ALL of the recent new found "wealth" of the peasants. When property devalues upon occupancy it makes it a consumable, like a car, not an investment. Its the equivalent of buy 50 2012 Hyundai Kias as an investment because the price of cars is always increasing, during a banking crisis were no one can get credit to buy them.

MrChaos

PS China has polluted itself to such a degree in just a few short decades the toil is already beginning to be felt by the gen pop and they are NOT happy about it

[Camaro]

The Chinese economy has been pathetic as of late. While GDP growth in the high single, low double digits sounds impressive... its really not when you got 20%+ inflation.

[Adept]

QUOTE (MrChaos @ Aug 9 2011, 09:27 AM) PS China has polluted itself to such a degree in just a few short decades the toil is already beginning to be felt by the gen pop and they are NOT happy about it

Give the man a prize

Even if there was nothing else, this would show that China's miracle econnomy is a bubble. They have imported so much of the worlds polluting industries into their own soil without any real regs for clean air, water or even the safety of the products (except for export). Many years ago they were already losing more than 10% of their swollen budget to trying to fix the ravages to their living environment, and the effect was just starting to be felt at that time.

China's economic model is vastly unsustainable.

[NightRychune]

any economic model based on perpetual growth (as most of the world's is) is unsustainable

[DasSmiter]

QUOTE (NightRychune @ Aug 9 2011, 11:51 AM) any economic model based on perpetual growth (as most of the world's is) is unsustainable

This a thousand times

[ryujin]

QUOTE (DasSmiter @ Aug 9 2011, 12:29 PM) This a thousand times

+1001

[cashto]

QUOTE (Camaro @ Aug 8 2011, 11:20 PM) The populace of America is decently well armed enough to resist police forces.

The military is a bit of a different story... but even then a couple of million vs hundreds of millions isn't going to work well.

Evidently the populace of England is also decently well armed enough to resist police forces.

I think it comes down not the availability of guns but simply the willpower of government to crush rebellions vs. the willpower of citizens to rebel. If these riots were in occuring in China, they would already be over.

In America, I have no doubt that we have enough citizens crazy enough to go to war with their own government, but "hundreds of millions" -- no. Most of us don't care which warlord we pay protection money to, we'd just like to get on with our lives ...

[Adept]

QUOTE (NightRychune @ Aug 9 2011, 07:51 PM) any economic model based on perpetual growth (as most of the world's is) is unsustainable

Viru gets a prize too.