seahorse2 wrote:The Soviet Union was able to collapse without beginning the feared WWIII. Would the same be true today if the USA collapsed economically?
threadbear wrote:Actually Mockba, if you are following the sub-prime meltdown and unwinding derivatives you'll quickly understand the implications, for the US.
MOCKBA wrote:threadbear wrote:Actually Mockba, if you are following the sub-prime meltdown and unwinding derivatives you'll quickly understand the implications, for the US.
I actually do and so far we had:
1. funds blocked in France,
2. bank meltdown in Germany and
3. bank run in England.
In USA in the mean time they paid out LTCM size deal out of last year profits (note that this time around LTCM size deal was paid out from private money) and Apple had the most successful product launch in last quarter of a century (Adobe the first to report profits in Q3 just reported highest profits ever too). This all speaks for itself, but on sub-prime note I believe the acid doesn't sit on US banks ballance sheets and as pointed out in Economics forum, most likely it sits with pension funds and I argue probably outside US - not that much pension in US anyhow.
On sub-prime related note, do you know how sub-prime meltdown recoiled in Kazakhstan? The way things are going not only current generation would go into slavery to European banks for a freaking camcoder, but their children too would have to work all their lifes to pay for daddy's camcoder. And you are talking collapse in US. Come on! Go read any recent George Soros book - may be you would learn something interesting.
RdSnt wrote:The profits are based on inflated $US, that are almost worthless.
MOCKBA wrote:threadbear wrote:Actually Mockba, if you are following the sub-prime meltdown and unwinding derivatives you'll quickly understand the implications, for the US.
I actually do and so far we had:
1. funds blocked in France,
2. bank meltdown in Germany and
3. bank run in England.
In USA in the mean time they paid out LTCM size deal out of last year profits (note that this time around LTCM size deal was paid out from private money) and Apple had the most successful product launch in last quarter of a century (Adobe the first to report profits in Q3 just reported highest profits ever too). This all speaks for itself, but on sub-prime note I believe the acid doesn't sit on US banks ballance sheets and as pointed out in Economics forum, most likely it sits with pension funds and I argue probably outside US - not that much pension in US anyhow.
On sub-prime related note, do you know how sub-prime meltdown recoiled in Kazakhstan? The way things are going not only current generation would go into slavery to European banks for a freaking camcoder, but their children too would have to work all their lifes to pay for daddy's camcoder. And you are talking collapse in US. Come on! Go read any recent George Soros book - may be you would learn something interesting.
MOCKBA wrote:RdSnt wrote:The profits are based on inflated $US, that are almost worthless.
That's right anytime Apple sells iPod Touch for $299 in US while paying $120 to Chinese slaves it is because of inflated $US and 309Euro=U$426 it gets from the French is also because of inflated USD. I guess once US collapses Apple would be booking $600 per every iPod Touch sold to the French and apparently it would be very bad for Apple. Should I run another example of US poultry sold to China so that Chinese could sell theirs to Japan?
seahorse2 wrote:The Soviet Union was able to collapse without beginning the feared WWIII. Would the same be true today if the USA collapsed economically?
threadbear wrote:It's hard to believe but the U.S. is in worse shape than Russia ever was.
MOCKBA wrote:threadbear wrote:It's hard to believe but the U.S. is in worse shape than Russia ever was.
I actually lived in Russia when it collapsed. Nowadays I live in US. So I kinda can compare and in my opinion giving up $4 coffee drinks is not in the same ballpark as being unable to get food and hardly could be an indication of "worse shape than ever" but what do I know - I am fooled.
MOCKBA wrote:threadbear wrote:It's hard to believe but the U.S. is in worse shape than Russia ever was.
I actually lived in Russia when it collapsed. Nowadays I live in US. So I kinda can compare
mmasters wrote:Would you say the US is poised for a greater fall than Russia experienced?
MOCKBA wrote:threadbear wrote:It's hard to believe but the U.S. is in worse shape than Russia ever was.
I actually lived in Russia when it collapsed.
mmasters wrote:Would you say the US is poised for a greater fall than Russia experienced?
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