Ron in Drums PA
Member
http://technology.guardian.co.uk/weekly/story/0,16376,1585288,00.html
Notice the countries that are most interested in doing this.
Notice the countries that are most interested in doing this.
Is this Scary or what?
- Thread starter Ron in Drums PA
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All we can do is pray it never happens and prepare for the worst... but it is an extremely scary proposal
Tangboy5000
Member
This doesn't have anything to do with the recent break up does it? I know alot of people are super pissed because they can't see their videos or whole sites have become unavailable.
I'm much more concerned by the amount of money we owe China than their desire to run their own root servers. As of June 2005, we owe foreign governments three trillion dollars, hundreds of billions to China alone. I heard a projection the other day that at the current borrowing rate, we'll owe China over one trillion dollars by 2008.
I'm not an expert on government finance, but something about owing trillions of dollars to the rest of the world is a little disturbing. I know I'd be very concerned if I spent more than I made AND I had debt half again more than my entire annual salary. Hopefully, smarter people than me are sure that's OK [
]
I get my data from:
http://www.fms.treas.gov/bulletin/b35.pdf
http://www.fms.treas.gov/bulletin/index.html
I'm not an expert on government finance, but something about owing trillions of dollars to the rest of the world is a little disturbing. I know I'd be very concerned if I spent more than I made AND I had debt half again more than my entire annual salary. Hopefully, smarter people than me are sure that's OK [
]I get my data from:
http://www.fms.treas.gov/bulletin/b35.pdf
http://www.fms.treas.gov/bulletin/index.html
Dario
Member
I agree with you Jeff.
Maybe people should consider buying their tools now....I read that Yuan is getting stronger which will translate to more expensive stuff coming from China (where most of our imports are coming from)
Good side (I guess) is that hopefully we will see more "Made in USA" again afterwards.
Maybe people should consider buying their tools now....I read that Yuan is getting stronger which will translate to more expensive stuff coming from China (where most of our imports are coming from)
Good side (I guess) is that hopefully we will see more "Made in USA" again afterwards.
I wish good luck to anyone who really thinks they can control the Internet and all of the spam, adware, and viruses. Maybe if the Chinese or Russians were running it, a oneway trip to Siberia or a firing squad might get rid of these people.
Jeff, there is a real advantage to owing all of our national debt to another country, especially one with whom there is a potential for conflict. It becomes almost a guarantee for peace. Should we ever go to war with them, they would lose all of their money. The bigger the debt, the less chance for conflict. [}]
Jeff, there is a real advantage to owing all of our national debt to another country, especially one with whom there is a potential for conflict. It becomes almost a guarantee for peace. Should we ever go to war with them, they would lose all of their money. The bigger the debt, the less chance for conflict. [}
]
dubdrvrkev
Member
Jeff, Funny thing is we loan millions of dollars to lots of other countries, maybe we can cut ourselves out of the middle spot and send them to borrow from china. [] I wonder when our govt will realize its about time to start taking care of ourselves and stop trying to be the goodguy to all these countries that take money and then say that we don't do enough.
] I wonder when our govt will realize its about time to start taking care of ourselves and stop trying to be the goodguy to all these countries that take money and then say that we don't do enough.Thumbs
Member
Don't go there Kevin! The liberals are gonna get ya! []
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Ron in Drums PA
Member
Good thoughts Jeff and Russ
The Boys in the pinky ring club from Brookl'n have ways to collect debt.
Where as China is achieving conquest by economic liability.
The Boys in the pinky ring club from Brookl'n have ways to collect debt.
Where as China is achieving conquest by economic liability.
dubdrvrkev
Member
Bob, maybe the lefties can go help out those other countries some more, since they're such a giving bunch. []
]BigRob777
Member
Remember that old urban legend that they were going to charge us 5 cents to send an e-mail? Sounds like that might be a concern as well. Or worse, a world tax for selling a pen blank. I don't like it one bit.
Rob
Rob
woodbutcher
Member
Keep your steel sharp and your powder dry.
Jim[]
Jim[
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btboone
Member
China is also investing heavily in infrastructure such as high tech machinery. We think of factories with people sitting on dirt floors hand filing gears and such. The reality is they are getting more and more competent with manufacturing with CNC and robotics and such. They tend to make very special machines that do a great job at a very specific item. In an example, they make a certain type of titanium ring with cutouts and cables on the inside. I can't touch that stuff. You can't beat them on quality or cost when they do that. They're getting pretty crafty about that kind of stuff. They are poised to be the world leader here soon.
Ron in Drums PA
Member
China looking to buy American Oil Company
http://www.msnbc.msn.com/id/8444222/site/newsweek/
China buys Canadian Oil Company
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20050822/china_PetroKazakhstan_20050822?s_name=&no_ads=
China buys IBM
http://news.bbc.co.uk/2/hi/business/4077579.stm
http://www.msnbc.msn.com/id/8444222/site/newsweek/
China buys Canadian Oil Company
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20050822/china_PetroKazakhstan_20050822?s_name=&no_ads=
China buys IBM
http://news.bbc.co.uk/2/hi/business/4077579.stm
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