US submarine arrives near Scarborough!

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I disagree. Both are dependent on each other. USA will loose too as no other country will want to hold a currency which is depreciated by the issuing country. They may fear their own investments may be lost too. China looses out a lot because it instantly devalues its savings which are about 2 trillion US dollars. USA looses out just as much as China. The double whammy for China is that it looses out a market for its goods too.

Its looking rosy for India.
US loses more from the loss of cheap labor as to the impact on US economy
would be a small dent. Chinese have a 5-7 trillion economy US gave 2-3
trillion to bailout backs in TARP and other funding, almost 1/2 of the whole
Chinese economy. Other than that even the currency impact would also
be minimal at best.
 

Ray

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One of my officer who took premature has a BMW.

He is in real estate.

But what of it?

He doesn't even drive it.

He has a chauffer!

The best part is he take all this calmly as if it is normal given his circumstances.

That is what I call class!
 

ice berg

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US loses more from the loss of cheap labor as to the impact on US economy
would be a small dent. Chinese have a 5-7 trillion economy US gave 2-3
trillion to bailout backs in TARP and other funding, almost 1/2 of the whole
Chinese economy. Other than that even the currency impact would also
be minimal at best.
From your post, I assume your line of work dont involve economics.
When you default, you dont automatically get 2-3 trillions.
You pay interests on your loan.

Your liquidity depends on revenues and costs.

US has never failed to pay for her obligations, ever. And there is a reason for that.

Market confidence been one of the reason.

Read other than conspiracy teories for a change, and you may actually learn something.
 

Adux

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From your post, I assume your line of work dont involve economics.
When you default, you dont automatically get 2-3 trillions.
You pay interests on your loan.

Your liquidity depends on revenues and costs.

US has never failed to pay for her obligations, ever. And there is a reason for that.

Market confidence been one of the reason.

Read other than conspiracy teories for a change, and you may actually learn something.
Yes, there is a slight difference though chicom, US owns the World Banking System, in the event of a showdown with China militarily, US is well within its rights to stop payments, and they can. If US tanks any further, I am sure there will be a lot of hawks in the US waiting for China to start something. And the rest of the world will fall in the US line. It is your idiotic mind that makes you think, that US will stop payments on a sunny day like today, nopes, it is in the advent of a grave Sino American stand off. As far as US is considered China holds ONLY 8% of its T-bills, do you know how much '%' of T-bills constitute the Chinese Government's wallet? hahahha, lol....sucker.
 

ryanmd09

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'The US will not abandon the Philippines'

NEW YORK CITY — A former US intelligence official bluntly told me that "there is absolutely no way the United States will ever abandon its commitment to the Philippines." First of all, my American friend said, it is in America's interest that the Philippines play a central role in Asia against terrorism. Despite the demise of Osama bin Laden, Al Qaeda continues to be a threat since affiliates like the Jemaah Islamiyah still operate in Southeast Asia, in particular the Philippines — dubbed a decade ago by the US as the "second front" in the war against terror. Mindanao — the so-called "backdoor" — has been acknowledged as a training ground for terrorists and militants, so that it continues to be absolutely important that RP-US Balikatan exercises be held almost always in the region. USAID has also implemented over 1,400 infrastructure projects in Mindanao, with focus given on "conflict-affected" areas."ƒ

Secondly, it is clear that there is that special bond between the US and the"ƒ Philippines in almost all aspects of their relationship which goes back to the time of President Manuel L. Quezon and General Douglas MacArthur. That probably helps explain why regardless of who occupies the White House, the US has maintained strong relations with the Philippines. Over the years, the Filipino population in America has grown to about five million (including the undocumented) — making them the second biggest Asian group according to the latest US Census Bureau report. The report shows that Filipino-American organizations now have political clout in Washington since their numbers can be parlayed into a significant force especially with State Representatives that are largely elected by Filipino-Americans.

P-Noy is very smart to have appointed Foreign Secretary Albert Del Rosario who is doing an excellent job as our country's chief diplomat. His previous appointment as Ambassador to Washington has made him very adept at navigating the corridors of Washington — and this comes in very handy especially at this time when the Philippines is embroiled in a tricky situation with China over Scarborough Shoal. Secretary Del Rosario has made it clear the Philippines is committed to the US and expects reciprocity especially with respect to the Mutual Defense Treaty.

"You can be sure that if ever the Philippines comes under threat of an attack by China or other countries, the US will uphold its commitment," the former intelligence official said, echoing US State Secretary Hillary Clinton's statement reaffirming US "commitment and obligations" under the MDT during the "Two Plus Two" meeting in Washington three weeks ago between Clinton, Del Rosario, US Defense Chief Leon Panetta and Defense Secretary Voltaire Gazmin.

One "good" thing that has come out of the standoff with China is the certainty that the Philippines is being closely monitored by Washington radar screens — with more "visiting forces" in Mindanao and US vessels now being clandestinely deployed, ostensibly for "repairs and supplies replenishment" like the USS North Carolina — one of the stealthiest and most advanced submarines — that docked at Subic a few days ago. The situation has also placed a sense of urgency on the need to fast track the modernization of the AFP to build a "minimum credible defense posture" that can be achieved primarily with assistance from the US.

No less than the chairman of the US Joint Chiefs of Staff, General Martin Dempsey, has admitted the shift in demographic, geopolitical, economic and military attention towards the Asia-Pacific region now that Washington is disengaging from the Middle East. Even the UN points to Asia-Pacific as an "anchor of stability for the world economy." Indeed, more countries are looking to China as an economic partner yet ironically, they are increasingly relying on the US for security, expecting it to be the "regional balancer" without necessarily resorting to military force, according to former US National Security Adviser Zbigniew Brzezinski.

Despite the saber rattling and angry rhetoric from China, expressing irritation over perceived US interference on "strictly" Asian affairs and accusing America of fomenting a "cold war" mentality (due to increased and permanent US military presence in Australia), China knows it holds over $1.169 trillion in US debt, making it America's largest debtor. So when I asked the intelligence official if Americans were afraid to engage the Chinese in a confrontation because of the debt, he retorted, "Precisely, we owe them a lot of money so it will be in their interest to maintain stable relations with us - otherwise, who knows? They may never see that money again," he pointed out.

Recent developments involving the two giants reinforce this observation. Chinese Defense Minister Liang Guanglie visited the US last week (the first after nine years) where consensus was reached to further military ties, strengthen communications and steer the relationship toward stability, mutual trust and cooperation. Another indicator is Chen Guangcheng — the blind Chinese activist who escaped house arrest and sought refuge with the US Embassy in Beijing — with China finally agreeing to issue him a passport to leave for the US.

Nevertheless, it is clear that the Obama adminis-tration's renewed attention to Asia through enhanced multilateral partnerships with Vietnam, Singapore, Australia, Japan, South Korea and of course, the Philippines, is meant to check China's rising influence and maintain regional stability."ƒ

"The Washington trip of your president (Aquino) this coming June should be a clear signal to the Chinese," reiterated the former intelligence official, who has spent a long time in Asia and most definitely knows what he is talking about. When all is said and done, "the US will never abandon the Philippines — because it is clearly not in our interest to do otherwise," he firmly concluded.
 
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ice berg

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Yes, there is a slight difference though chicom, US owns the World Banking System, in the event of a showdown with China militarily, US is well within its rights to stop payments, and they can. If US tanks any further, I am sure there will be a lot of hawks in the US waiting for China to start something. And the rest of the world will fall in the US line. It is your idiotic mind that makes you think, that US will stop payments on a sunny day like today, nopes, it is in the advent of a grave Sino American stand off. As far as US is considered China holds ONLY 8% of its T-bills, do you know how much '%' of T-bills constitute the Chinese Government's wallet? hahahha, lol....sucker.
From your post , i will assume both your parents and the education system in your country has failed.

You dont stop payment during war time. A debt is a debt. It is called an obligation. A word that is certainly foreign in your vocabulary. Since you never manged to get past grade school. :p

And you can keep dreaming about the "grave Sino American stand off".

China and Us has faced each other several times directly or indirectly since the 50s. You would never know cause you are born after the year 2000.
But i am sure you will learn that. eventually...:taunt1:

"As far as US is considered China holds ONLY 8% of its T-bills, "

That is "only" several times bigger than your countrys entire GDP. :p

Be a good cyber kid and have fun with your dreams.
 
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WuMaoCleverbot

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You dont stop payment during war time. A debt is a debt. It is called an obligation.
Are you sure??? I don't think America will CONTINUE to pay its debt to China if war broke out between them. And most probably they(Americans) will have it written as a condition in a peace treaty that their debt be written off. WAR ERASES DEBT.
 

Adux

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From your post , i will assume both your parents and the education system in your country has failed.
Unlike you chicoms, I am born into this world, you on the other hand is shat out. Really how stupid are you.

You dont stop payment during war time. A debt is a debt. It is called an obligation. A word that is certainly foreign in your vocabulary. Since you never manged to get past grade school. :p
Hello idiot, are you even listening to yourself....Please run as fast you can on to a concrete wall.

And you can keep dreaming about the "grave Sino American stand off".
Not really they just opened up a big base in Australia , just for you chicoms

China and Us has faced each other several times directly or indirectly since the 50s. You would never know cause you are born after the year 2000.
But i am sure you will learn that. eventually...:taunt1:
Ya, you ----face, in 1950's there was globalization and China held T-bills then, You are such an idiot, Placenta eaters like you should be just culled.

"As far as US is considered China holds ONLY 8% of its T-bills, "
Good thing you avoided that question, because it was certainly not in your intellectual capacity.

That is "only" several times bigger than your countrys entire GDP. :p
Not really actually, its cooked books with the largest NPA's in the world.

Be a good cyber kid and have fun with your dreams.
The only dream is yours, you shitface. You are the only who is being shown your place by countries like Philipines and Vietnam, lol.. You amuse me..
 
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W.G.Ewald

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Douglas MacArthur and the history of Japanese Occupation (including the Bataan Death March) made it extremely unlikely that USA will ever abandon the Philippines, in my opinion.

"I shall return."
 
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From your post, I assume your line of work dont involve economics.
When you default, you dont automatically get 2-3 trillions.
You pay interests on your loan.

Your liquidity depends on revenues and costs.

US has never failed to pay for her obligations, ever. And there is a reason for that.

Market confidence been one of the reason.

Read other than conspiracy teories for a change, and you may actually learn something.
China has the power to make USA pay? I would really like to see that.
 
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Are you sure??? I don't think America will CONTINUE to pay its debt to China if war broke out between them. And most probably they(Americans) will have it written as a condition in a peace treaty that their debt be written off. WAR ERASES DEBT.
You are absolutely write USA's debt obligations are nothing more than worthless paper
that even US institutions do not buy. How will China make USA pay up?

http://www.federalistblog.us/2011/07/14th_amendment_does_not_prevent_debt_default/

14th Amendment Does Not Prevent Debt Default


The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void. –Section 4 of the Fourteenth Amendment
 
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http://www.google.com/url?sa=t&rct=...VO3fOWnjKAz-V893w&sig2=Y4yjKYhvajMgNK8Ws9_hyA

Russia Against Meddling

MANILA, Philippines - Expressing "concern," the Russian Federation declared it is against any meddling by nations other than the claimant-countries in the South China Sea (or West Philippine Sea) territorial dispute, a Russian diplomat said over the weekend.

"This is our official position," said Russian Federation Ambassador to Manila Nikolay Kudashev told the Manila Bulletin at his official residence in Forbes Park, Makati City.

Kudashev said Russia is "mindful" of the fact that, like the United States, it is not a party to the dispute which escalated last month in a standoff between vessels of China and the Philippines at Panatag (Scarborough) Shoal.

"Otherwise it will sound like we are interfering in the internal affairs (of the claimant countries)," he said.

This is the first time that a Russian government official has spoken directly about conflicting claims over the islands in the South China Sea claimed in whole by China and partly by Taiwan, Vietnam, Brunei, Malaysia, and the Philippines.

However, Kudashev was quick to emphasize that the Russian government is also not "indifferent" to the situation in the area considering that the disputed region is very close to its border.

Kudashev said with regards to the freedom of navigation, Russia is one with the US in that they are both "concerned" about the said issue.

"We are continuously committed to the issue of freedom of navigation," he said. "We are part of this region and we believe the freedom of navigation is one of the aspects of the solution to the larger problem of the South China Sea which could be secured by the regional countries, first and foremost."

"We need secured trade, secured communication, that's for all countries like China, US, the Philippines, Singapore and for everyone," he added.

The Russian envoy said what Russia would favor is "a peaceful, negotiated solution by the regional countries, by the countries involved themselves, first and foremost, on the basis of talks and dialogue."

"You could regard it as favoring bilateral solution, if in the course of bilateral talks some other solutions would emerge we would not deny them," said Kudashev. "The UNLOS (United Nations Convention on the Law of the Sea) would provide a good and solid basis."

"Frankly speaking, it is impossible to come to any conclusion, to any solution without talking to one another," the Russian envoy said as he noted that the priority lies with the countries of the region themselves.

With regard to the "outsiders" or countries not directly involved in the dispute such as the United States, Russia, and Europe, Kudashev said that they all possess "convincing legal experience, legal practice and maybe even some ideas."

"If they are being invited by consensus to enrich the legal process, the negotiating process, then it is okay," the ambassador said. "Well, otherwise we would prefer the regional countries to come to a consensus first," he added.

Russia and China are known to agree entirely with each other's positions on certain issues including the crisis in Syria and on North Korea's nuclear program, including a host of other things.

Just last month, both countries undertook their first joint naval exercise following four military exercises involving the two nations since 2005.

The April 22-27 drill took place in the Yellow Sea off China's east coast and involved a total of 16 vessels and two submarines from the Chinese navy and four warships from the Russian navy's Pacific Fleet as well as three supply ships which was summoned for the exercise.

The drill was supposed to focus on joint maritime air defense and defense of marine traffic arteries, including subjects of joint escort, maritime search and rescue, anti-submarine tactics as well as joint effort to rescue hijacked vessels.

Apart from the existing fishing ban in the Panatag Shoal, Malacañang is now discouraging any "patriotic journey" to the disputed area to avoid the escalation of tension with China following the botched trip of a former marine officer in the area.

Presidential Spokesman Edwin Lacierda urged people to show their patriotism by rallying behind the government's efforts to seek a peaceful resolution to the territorial row.

Former Marine officer Nicanor Faeldon earlier planned to visit Panatag Shoal to protest China's claim over the place but was blocked by President Benigno S. Aquino III at the last minute.

The President phoned Faeldon, who had wanted to raise the Philippine flag on the shoal, and asked him to call off his voyage amid diplomatic efforts to resolve the tense standoff.

"I think we can show our patriotism by supporting the position of our government and that would be sufficient expression of support, sufficient expression of patriotism," Lacierda said.

Several recent developments suggest that the situation at the disputed shoal could be much more dangerous, noted an American conservative think tank based in Washington DC.

Dean Cheng, of the Asian Studies Center at The Heritage Foundation, said American policymakers would do well to keep a close eye on these latest developments in the South China Sea involving China and the Philippines, a formal US security treaty ally.

"It could have major implications for the US," Chen said in his paper "Standoff Between China and an American Ally in the Pacific."

Chen cited recent reports that China, the fourth largest source of tourists to the Philippines, has halted tours and called upon Manila to safeguard the safety of those Chinese tourists already in the archipelago.

At the same time, the Chinese have begun to quarantine shipments of Philippine bananas on the grounds that they may be carrying agricultural pests.

Chen said that although neither of these developments might be directly linked to the Scarborough Shoal situation, "they smack of an attempt to bring China's economic power to bear on a diplomatic cause--similar to the heavier-handed economic measures the Chinese took against Japan during the 2010 Senkaku/Diaoyutai incident."

These group of uninhabited islands located in the East China Sea are being claimed by Japan and China.

At that time, Chen said China cut off all shipments of rare earth minerals to Japan, seeking to exploit its dominant position in that market.

Thus far, Chen stated that the Chinese navy has not played a "direct role" as the Chinese vessels accused of encroaching into Philippine territory have all come from civilian agencies.

However, China has undeniable assets at sea, including a naval task force comprising two guided missile destroyers, two frigates, and an amphibious ship operating near Okinawa on exercises, he said.

"Any diversion of this force to Scarborough Shoal would constitute a major escalation of the situation," Chen pointed out.

With the Chinese leadership focused on their "internal succession struggles, to the point of possibly delaying the scheduled Party Congress when the new leadership will be officially announced, Chen said few senior leaders are likely devoting their full attention to this situation.

He said recent reports that head of internal security Zhou Yongkong has been forced to relinquish his powers as part of the ongoing Bo Xilai drama only further underscores "how many things are on Chinese leaders' plate s— and therefore how little attention they may be paying to this."

"Given the internal political situation, though, it is unlikely that anyone would be willing to appear 'weak' by being conciliatory," said Chen. "This may explain the Chinese rejection of the Philippine proposal for arbitration of the dispute under the Law of the Sea Treaty, which both Manila and Beijing have signed."

"One would hope that both parties to the dispute at Scarborough Shoal find a peaceful, face-saving way to back out of this crisis," he added. "But it bears watching by American policymakers in case this does not prove to be the case." (With a report from Genalyn D. Kabiling)
 

W.G.Ewald

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The 14th Amendment was written looking back at the rebellion of the southern states which had ended 3 years earlier. Nothing in the wording applies to foreign debt or war with other nations. It might have applied to any debt claims which could be made by countries aiding the Confederate States of America during the Civil War.

However, I am not a constitutional lawyer!
 
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The 14th Amendment was written looking back at the rebellion of the southern states which had ended 3 years earlier. Nothing in the wording applies to foreign debt or war with other nations. It might have applied to any debt claims which could be made by countries aiding the Confederate States of America during the Civil War.

However, I am not a constitutional lawyer!
You are right I am not sure about the legality but it did not matter last summer when defaulting was considered.

China warns U.S. debt-default idea is playing with fire | Reuters

China warns U.S. debt-default idea is "playing with fire"
 

ice berg

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You are right I am not sure about the legality but it did not matter last summer when defaulting was considered.

China warns U.S. debt-default idea is playing with fire | Reuters

China warns U.S. debt-default idea is "playing with fire"
It was a political maneuver. It got nothing to do with China.
I am amazed that you dont even know your own politicians.

Noticed what is happening in Greece, Spain, Italy? The first sign of default and your interest rates will go sky high.
It will be the average joe who is gonna pay for this. But hey, go for it. :p

Have some readings btw:
Fiscal crisis: Could the American government default? | The Economist
If the US government defaults, most US borrowers will surely face higher borrowing costs especially as the banks are relying on an explicit and implicit guarantee from the government on their liabilities.
 

ice berg

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Douglas MacArthur and the history of Japanese Occupation (including the Bataan Death March) made it extremely unlikely that USA will ever abandon the Philippines, in my opinion.

"I shall return."
Sometimes it is not up to you though.

Philippines Orders U.S. to Leave Strategic Navy Base at Subic Bay
http://www.nytimes.com/1991/12/28/world/philippines-orders-us-to-leave-strategic-navy-base-at-subic-bay.html?pagewanted=all&src=pm
 

ice berg

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Are you sure??? I don't think America will CONTINUE to pay its debt to China if war broke out between them. And most probably they(Americans) will have it written as a condition in a peace treaty that their debt be written off. WAR ERASES DEBT.
It pretty much summons up your post. Come back when you get anything besides "I think......":rofl:

Have some readings before you go embarrass your-self again.

http://www.cnbc.com/id/43140915/Has_the_United_States_Ever_Defaulted_on_Its_Debt
The United States government has never defaulted on its obligations to pay its debt. It has never, ever missed a payment. This is one of the reasons that "flights to quality" typically involve buying US Treasury debt. Uniquely in the history of sovereign borrowers, the United States has paid when it said it would pay.
 
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W.G.Ewald

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Sometimes it is not up to you though.

Philippines Orders U.S. to Leave Strategic Navy Base at Subic Bay
http://www.nytimes.com/1991/12/28/world/philippines-orders-us-to-leave-strategic-navy-base-at-subic-bay.html?pagewanted=all&src=pm
Yes I remember when that happened. Do suppose the Philippines somewhat regret that today?
 

WuMaoCleverbot

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It pretty much summons up your post. Come back when you get anything besides "I think......":rofl:

Have some readings before you go embarrass your-self again.

News Headlines
The United States government has never defaulted on its obligations to pay its debt. It has never, ever missed a payment. This is one of the reasons that "flights to quality" typically involve buying US Treasury debt. Uniquely in the history of sovereign borrowers, the United States has paid when it said it would pay.
Could you name a country that continued to pay her debts during the duration of war to a country that she was at war with??? It's NUTS!!!
 

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