StayOnTarget wrote:Out of curiosity, what would happen if the US ultimately came to war with China over oil, taiwan, etc? What would become of this debt? Is it nuts to think that we could wipe out the entire debt we owe to the Chinese by merely stating we will not honor those notes? Obviously there would be some international backlash, but isn't debt after all merely paper? I know zilch about international banking and finance, and hate to sound entirely ignorant but am hoping someone might shed some light on this. I keep reading that the national debt is a loan we never intend to pay back. Is the idea that as long as the economy grows faster than the interest payments on the debt the system is stable?
robski wrote:Rockets going off everywhere just when I thought 2006 was developing into a slow news year.
robski wrote:Rockets going off everywhere just when I thought 2006 was developing into a slow news year.
eastbay wrote:The peak missile theory is discounted by most scientists according to the studies I've read. New missiles are being discovered and produced every day and there is no serious concern other than occasional spot-shortages.
eastbay wrote:SoothSayer,
The peak missile theory is discounted by most scientists according to the studies I've read. New missiles are being discovered and produced every day and there is no serious concern other than occasional spot-shortages.
RdSnt wrote:Geez, as usual everyone is missing the main point.
We are fast approaching a negative EROEI (Existing Rockets On Excited Individuals).
As the traditional supplies of rockets are depleted and we relay more and more on the heavy rocket sand resources there will be an inevitable failure to keep up with demand, leading to more people to blow up than rockets to do the job.
There is simply no way we are going to be able to make enough.
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