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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] More inflation - China trillion stimulus
  • Date: Sun, 9 Nov 2008 19:21:41 -0800 (PST)

Russia had natural resources that we don't. Russia also allowed organized
crime to become their new guardians of corporatism /government. They are ,
right now, in worse shape than us, even after re-building the first time. It
is certainly better than the horrors of Communism, but not the direction in
which you would hope for 'us' to land ......bobford


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--- On Sun, 11/9/08, EarthNSky <erthnsky AT bellsouth.net> wrote:

> From: EarthNSky <erthnsky AT bellsouth.net>
> Subject: Re: [Homestead] More inflation - China trillion stimulus
> To: homestead AT lists.ibiblio.org
> Date: Sunday, November 9, 2008, 7:57 PM
> I don't think the US will go bankrupt,but then, I never
> took an
> economics class and I don't read anything on it. All I
> know could be
> put in a thimble..all I know, I learned right here.
> BUT, Russia has been bankrupt, and that's a pretty big
> place. ;)
> The way they have worked their way out is the same way an
> individual
> with any gumption would do it, which is the same way we
> would have to do
> it, and that is through services and expertise. Take their
> military...they had to sell off huge numbers of ships and
> other assets,
> reduced their military, BUT, their military expertise in
> missiles has
> paved the way to renewed money to fund other stuff. Russia
> has missiles
> that we supposedly don't have a defense against. I
> am not sure I buy
> that, but as long as they do... Point is, they sold their
> expertise in
> missile, nuclear technology, healthcare, etc. Soon, they
> were back on
> their feet and as formidable as ever. Now, they have the
> money to build
> a new Navy, as what's left of the old one is crumbling,
> just like ours.
> TJ's boat was christened the same year he was born,
> but, a lot of the
> boat is old technology...
> My guess is that with China, we have experience in Space,
> so we would
> either barter that expertise or sell it to them outright
> should they
> call in our debt.
>
> Bev
>
> Lynn Wigglesworth wrote:
> > I keep wondering what things like that mean to this
> country. Will we
> > have to have a big nation-wide yard sale to pay off
> our debt? Will
> > the government give away states to our creditors? How
> does the world
> > deal with a country as large as the US being
> potentially bankrupt? I
> > suspect they will just have to suck it up and wait
> until we dig
> > ourselves out to get their money back.
> >
> > Lynn Wigglesworth
>
> --
> “Fear is the path to the Dark Side. Fear leads to anger.
> Anger leads to
> hate. Hate leads to suffering.” Yoda
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