The End of the American Century?

[SaintPeter5858]

That is because China did not have much of a military back then.Now that they bought an aircraft carrier from UK, supposedly for "scrap", but many suspect to pirate the design. Plus the weakening of the US economy and military, one of these days, Taiwan might lose the US security blanket.

 

So do we have to migrate to China and earn $200 per month and consume pirated products? Yao Ming should go back to China. All Chinese businessmen should return to China then

[CharlesOngSy]

another century for American might

[CharlesOngSy]

^ Actually yan dapat ang recovery program ni Obama.....massive arms manufacturing and export....slogan:USA, we arm the world because war is good for business!".

 

That's very near-sighted and uninformed. US gov't is biggest BUYER of arms; 68% of all arms expenditures are by the US gov't. They don't sell arms at all. Private companies like GE and MD do

[SUICIDAL333]

Americans will be the strongest people this century

[SUICIDAL333]

That's very near-sighted and uninformed. US gov't is biggest BUYER of arms; 68% of all arms expenditures are by the US gov't. They don't sell arms at all. Private companies like GE and MD do

 

Tama po yun. Sa totoo lang,pinamigay na lang nila sa atin mga nilumaan nila. Hindi binebenta

[kidpoker]

That's very near-sighted and uninformed. US gov't is biggest BUYER of arms; 68% of all arms expenditures are by the US gov't. They don't sell arms at all. Private companies like GE and MD do

 

 

It's not near-sighted. Everytime US sells war materials and equipment there is a corresponding economic benefit to the US economy. Also, war munitions and equipment have future maintenance cost and future replacement cost. Examples are: bombs and missiles have to be replaced or used at the end of 15 years; aircraft requires parts replacements; during the Iraq invasion, all defense manufacturing stocks jumped 60% to 200% in market value. The defense industry creates jobs.

 

 

[CharlesOngSy]

These are not sold by the US government but by companies which are multi-national. Just like New Jersey Nets operating in the US but owned by a Russian businessman

[kidpoker]

These are not sold by the US government but by companies which are multi-national. Just like New Jersey Nets operating in the US but owned by a Russian businessman

 

 

Practically all public companies are multi-national because anybody can buy stocks. US defense companies are wholly owned by Americans. I think you are moving out of topic by mentioning basketball team ownership.

 

 

[BnF95]

If this is the end of the American Century then who's turn is it to be in the limelight? Let's face it, inasmuch as everyone wants to be number one, right now, the USA is still there.

[paeng]

War costs with 40 pct of funded through foreign loans, and the debt passed on to citizens while only the business elite (not only U.S. but multinational) profit.

[SaintPeter5858]

I think it is alright. They use American labor and American farm products to manufacture beer.

 

South Africa (Coors Miller) buys a few billion dollars of American medicines; and, Belgium (Anheuser Busch) imports $21 billion worth of products from USA. Trade is still in favor of the USA.

 

 

 

that's because more than 60% of the world's food is coming from the US. That's why Americans will never go hungry unlike the rest of the world

 

Garbage collectors aka "basureros" make $450 dollars a week in the USA even in this bad economy. Wait until their salaries go down to $100 dollars a week before we can say the USA is collapsing. Maybe it will happen after 100 years.

 

Also, Alaska has an untapped oil reserve that is bigger than Russia's. It's only a matter of legislation to start drilling new oil wells. The USA is saving Alaska for the rainy days.

 

Russia is so corrupt that it is so hard to make business. You better be a mobster before you can even compete. Very few financial brokerages even trade Russian stocks. Russia's riches are only in the hands of the few. The pensions of old Russians are only $15 a month. Is that really a superpower we are talking about?

 

China and India have a big population that both countries have 4 times more poor people than the total population of the USA. If the USA stopped importing Chinese manufactured products for 1 year, 2 billion will go hungry for a year. There are more unemployed people in China than the entire population of the USA.

 

Iran is no match to the USA. How are they going to attack the USA? Will they use Alibaba's flying carpets? USA's nuclear submarines can level the entire Iran faster than Iran can do any big damage to the USA. Iran's threats are hardly threats because there is no substance to it. American intelligence constantly spies on Iran using spy satellites. Iran's military infrastructure is so easy to target because they are away from the civilian population. At least, Saddam was intelligent to put his military infrastructure in civilian areas. Iran's navy is so pitiful compared to USA's naval fleet in the Gulf. It was all in the news. Iran dispatched speedboats to scare an American frigate ship (like a speedboat can sink a frigate, they wish!).

 

The only reasonable scenario for the USA in the next 50 years is the partial adoption of socialist ideas in government. Also, I expect lowering of salaries of workers through the years.

 

Very nice insight. If they cannot control the growing Latino population some of whom become less important in the American society, they might adopt some socialist practices. Italy and Spain did that already. But it might be difficult for the American society

 

American dominance will never end because the world's best minds always emigrate to the US

Edited August 10, 2011 by TheSmilingBandit

[SUICIDAL333]

does it mean another country can overtake the influence of American brands and products like Nike, starbucks, Walmart, guess, to name a few? which country can match the food production of the US?

[paeng]

that's because more than 60% of the world's food is coming from the US. That's why Americans will never go hungry unlike the rest of the world

 

China is the main producer of wheat and rice, with the U.S. no. 1 in soybeans, etc. The problem is that much of mechanized agriculture is heavily dependent on oil, phosphates, etc. In addition, China, the U.S., and other countries are experiencing problems like topsoil destruction due to extended droughts and floods.

 

The bad news is that much of the U.S. economy, which is based heavily on borrowing and spending and incredible demands for various resources, esp. oil, is now falling apart. That is why prices for various food products in the U.S. and elsewhere are going up.

 

American dominance will never end because the world's best minds always emigrate to the US

 

That's only because the U.S. was able to borrow and spend readily for four decades thanks to a dollar propped up by rigged credit ratings. That is no longer possible.

Edited August 10, 2011 by TheSmilingBandit

[SaintPeter5858]

Master Paeng, very nice opinion. But pls verify your data on the world's top wheat producers. Thanks

 

That's only because the U.S. was able to borrow and spend readily for four decades thanks to a dollar propped up by rigged credit ratings. That is no longer possible.

 

Correct. Economically speaking however, the US seems to dictate the world market because of the presence of American companies in practically all parts of the world. The 2nd biggest chain of supermarkets in China now for example is WalMart (next to the French Carrefour) which is also the biggest company in the world.

Edited August 10, 2011 by TheSmilingBandit

[BrightestStar]

The only category where China can dominate is population. But even that can be overtaken by India soon.

 

China is the main producer of wheat and rice, with the U.S. no. 1 in soybeans, etc. The problem is that much of mechanized agriculture is heavily dependent on oil, phosphates, etc. In addition, China, the U.S., and other countries are experiencing problems like topsoil destruction due to extended droughts and floods.

 

The bad news is that much of the U.S. economy, which is based heavily on borrowing and spending and incredible demands for various resources, esp. oil, is now falling apart. That is why prices for various food products in the U.S. and elsewhere are going up.

 

Chinese agri products are just enough for Chinese consumption so they rarely export them. If American companies in china close down, china will become one of the poorest countries in the world

 

does it mean another country can overtake the influence of American brands and products like Nike, starbucks, Walmart, guess, to name a few? which country can match the food production of the US?

 

China of course. But not in terms of exports

Edited August 10, 2011 by TheSmilingBandit