5552 replies to this topic

[skillionaire]

I think you'll see the US will be the benchmark for currency for a long while to come. Major commodities like oil/gas are traded contractually in USD, the gas from the North West of Western Australia see's almost 85% of production sent directly offshore (I know, how fuckin' dumb can we get?) and it is ALL traded in USD. Quite a lot of it doesn't even get refined/processed on AUS soil - so we don't even reap a tax revenue from them being there, terkin' errr gaazzz!!

China is scary to the whole world, and as such, will only be able to become the 'accepted' currency by FORCE. I cannot see, in my lifetime, the US and to a lesser extent, the EU, rolling over and saying "OK, you got us, you can now dictate the global market"

What people need to realise, is that China at this stage still own a massive amount of foreign debt from the US, Europe. Australia is fairly immune at this stage to the foreign debt handle, as I believe we sit at around 4%. So China doesn't necessarily want these other countries to fail, we've made China out to be the evil player in all this, but really they are just the smartest player.

Also, 4% of Australia's foreign debt is nothing to be sneezed at!!!

Shaz knows WAY more about this than me.

This chart is in millions.

[Zac]

So much debt... not fun... but I guess could be worse...

So you think US will stay in power for a long time to come? Perhaps, but I feel like its time is coming... things are not going well there, haven't been for a long time and are getting worse, from ppl I know who are there...

[ams]

You 'fail hard' at thinking people were actually going to read what you wrote.

[skillionaire]

Define 'in power' - they don't want to be the strongest economy, for the same reason Australia suffers under positive parity times like we're seeing today. They control a fair portion of the US market already. They own a LOT of American companies. They also own around $2TT of US foreign debt. Couple those two together, including the dependence on China for cheap disposable, yet necessity items (where do you think that toothbrush comes from?) and you have a country that doesn't need to be seen as the 'one in power' - they already are in many ways, and if that shifts in public perception and their currency - which is only now for the first time going to be subject to global forces, before it was completely run by the state - increases and is the most valuable currency in the world? The whole game changes.

[skillionaire]

If they did become the strongest currency, manufacturing in the states would resume and would become a viable option. If China 'hit the lead' they will be opening the US/EU up to a massive opportunity to return to primary and secondary businesses - mainly secondary - instead of solely relying on tertiary business models. And, if I know this, China knew it two hundred years ago.

[Zac]

Define 'in power' - they don't want to be the strongest economy, for the same reason Australia suffers under positive parity times like we're seeing today. They control a fair portion of the US market already. They own a LOT of American companies. They also own around $2TT of US foreign debt. Couple those two together, including the dependence on China for cheap disposable, yet necessity items (where do you think that toothbrush comes from?) and you have a country that doesn't need to be seen as the 'one in power' - they already are in many ways, and if that shifts in public perception and their currency - which is only now for the first time going to be subject to global forces, before it was completely run by the state - increases and is the most valuable currency in the world? The whole game changes.

Mind = Blown

But so much LOLs here...

[B4TT]

If they did become the strongest currency, manufacturing in the states would resume and would become a viable option. If China 'hit the lead' they will be opening the US/EU up to a massive opportunity to return to primary and secondary businesses - mainly secondary - instead of solely relying on tertiary business models. And, if I know this, China knew it two hundred years ago.

That is it,

Even if China was to become the largest economy (when they say this they are talking PPP and not Nominal, nominal GDP of China won't match the US for a lot more years) it will still have a long long long way to catch up militarily, a long long long way, they are a fair way behind in their technology and capabilities, not to mention in raw numbers of hardware.

[Brett]

7 ate 9

The new Maseratis have Ferrari built engines.

Has this not always been the case?

uni. How many MDSC participants went to UNI? Fuckin' none. NONE.

I think. I don't really know.

The Mario Bros. do UNI, but they didn't come last year....

I did. Twice in fact.

[Zac]

MDSC?

[Brett]

Also still no little lad. Vicky is well and truly over being pregnant. Hahaha

[Zac]

Also still no little lad. Vicky is well and truly over being pregnant. Hahaha

Good luck there mate... My wife was lucky in a way, well, baby wsn't growing enough right at the end, so she was induced 1 week before she was meant to be due... but baby as ok...

Sometimes, they just need a little extra time in there, but obviously too much is not good either... all the best there

[B4TT]

MDSC?

Indeed.

MDSC!

[Zac]

Indeed.

MDSC!

oooooooooooooooook then...

So what is MDSC?

[B4TT]

Give me a moment good lad and I shall educate you.

Said education can be acquired from this thread
http://www.subyclub....5-mdsc-7-dates/

[Shaz]

nope.jpg

[Zac]

Give me a moment good lad and I shall educate you.

Said education can be acquired from this thread
http://www.subyclub....5-mdsc-7-dates/

Thanks for the education...

MDSC sounds insane...

nope.jpg

Nuts... that looks sooooo fake.. but fossils seldom lie..

[Adam]

Nik. Hug what out

[Staxta]

That is it,

Even if China was to become the largest economy (when they say this they are talking PPP and not Nominal, nominal GDP of China won't match the US for a lot more years) it will still have a long long long way to catch up militarily, a long long long way, they are a fair way behind in their technology and capabilities, not to mention in raw numbers of hardware.

I'm sure if 100 million Chinese soldiers landed in Australia with nothing but clubs, we would still be in trouble

[simon]

Hey fellas
Some photos from the tornados down this way. Pretty crazy really.
http://www.southcoas...gallery/?cs=206

http://www.southcoas...f-water/?cs=203

[Shaz]

Lol.

China Military Stats.

318,265,016 males, age 16–49 (2010 est),
300,323,611 females, age 16–49 (2010 est)

Thats lots of people.