Why 2013 eerily looks like the world of 1913

SATISH

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Just thinking...what would happen if the US suddenly declares bankrupcy. What will happen to the economics of the world?
 

hello_10

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Just thinking...what would happen if the US suddenly declares bankrupcy. What will happen to the economics of the world?
sir few days before I talked that its very easy to say that France won't be able to keep upgrading Rafale in future without a big customer like India, considering downgrade by Credit Agencies because of high fiscal deficit and over 100% debt to GDP ratio. (as Aircrafts are project, which will always have to be upgraded, similarly how India bought Mig29s in 80s while its still being upgraded to Mig35 standard right now) .similarly, UK may find it very hard to arrange money to upgrade its EFT Typhoon while India is buying big numbers of 4++/4.5 gen aircraft every year with recent news of upgrading SU30mki to Super Sukhoi too..... and similarly, its everyone knows that US can't fund its expanses without borrowing debt, but for how long is the only question. Russia had to destroy its arms, decommission ships etc in early 90s, but US is not doing so yet as they may borrow more debt........

sir, BRIC+E7 and other developing countries are "future economies" who will growth by at least 5%+ every year, even in the worst case, while G7 and other OECD economies may not find it easy to maintain their current economic size too, if they don't keep borrowing debt, its clear. but how long all these will continue, we all are waiting to see :ranger:
 

SATISH

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sir few days before I talked that its very easy to say that France won't be able to keep upgrading Rafale in future without a big customer like India, considering downgrade by Credit Agencies because of high fiscal deficit and over 100% debt to GDP ratio. (as Aircrafts are project, which will always have to be upgraded, similarly how India bought Mig29s in 80s while its still being upgraded to Mig35 standard right now) .similarly, UK may find it very hard to arrange money to upgrade its EFT Typhoon while India is buying big numbers of 4++/4.5 gen aircraft every year with recent news of upgrading SU30mki to Super Sukhoi too..... and similarly, its everyone knows that US can't fund its expanses without borrowing debt, but for how long is the only question. Russia had to destroy its arms, decommission ships etc in early 90s, but US is not doing so yet as they may borrow more debt........

sir, BRIC+E7 and other developing countries are "future economies" who will growth by at least 5%+ every year, even in the worst case, while G7 and other OECD economies may not find it easy to maintain their current economic size too, if they don't keep borrowing debt, its clear. but how long all these will continue, we all are waiting to see :ranger:
I still think the world is headed into more turmoil....the BRIC nor the E 7 can support it anymore...lets see....right now the US and Europe must prolong bowing their bubble.
 

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