Putin planning powerful superpower coalition

onthebottom

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Drunken Master said:
Yes, but compare China's debt load to its growth in real GDP...
I don't think debt is China's problem (having 40% of GDP in non-performing loans is, but not debt - Economist 1/10/04 before you ask....) they have plenty of others. I was arguing more that the US was not ripe for a fall, not that China wouldn't advance - although we could go down that path if you like.

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Ranger68

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onthebottom said:
I think you have two correct facts and a wrong conclusion. As the conclusion is a matter of opinion we'll have to leave it at that. Don't I get any credit for backing up my 60% number ;-)

On the second point, I doubt there will be a major change to the deficit in the next two years (other than positive effect from growth) as the political will will not exist. The deficit will be a major issue in the 08 election (how is that for bbking like predictions).

American is in an enviable position because it can easily pay it's bills (even though it chooses not to), has a fast growing, productive and flexible economy. Like I've predicted, you will never live long enough to see it bumped from it's top spot in the world.

OTB
Not really - that 60% is FAAAR from a fact - any *composite* statistic is WAAAAY open to interpretation. I'm sure someone else could swing the numbers and come up with five or ten percent.
That number is pretty subjective.

I disagree with everything else you say.
 

assoholic

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..nobody is saying next year China will replace the US as the World biggest economy. However even Nixon, predicted in twenty years or so it would happen. Get over it, the US is not going to always be in the same position it is today. Which is why some of the decisions its making today I find highy questionable.
 

langeweile

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assoholic said:
..nobody is saying next year China will replace the US as the World biggest weconomy. However even Nixon, predicted in twenty years or so it would happen. Get over it, the US is not going to always be in the same position it is today. Which is why some of the decisions its making todayI find highy questionable.
I am not sure why the USA would have a problem with China? Out of the emerging markets China is one of the strongest candidates to emerge quickly. India should be next.
Where you see threat I see opportunity.

Seems like Canada is hoping on the bandwagon as well. I just hope they don't sell out. In the future natural resources going to be more valuable than gold.
 

assoholic

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..well believe it or not we agree about the resources. As the rest of the World Industrializes the need for resources will be voracious.We are already witnessing some of it in the Middle East. Unfortunately there are only so many resources to go around. The competition for those resources is not going to be pretty.
 

onthebottom

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Ranger68 said:
Not really - that 60% is FAAAR from a fact - any *composite* statistic is WAAAAY open to interpretation. I'm sure someone else could swing the numbers and come up with five or ten percent.
That number is pretty subjective.

I disagree with everything else you say.
So you dispute a sourced fact with a wave of your hand and wander away - what happened to the great fact debater...

LOL

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onthebottom

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assoholic said:
..well believe it or not we agree about the resources. As the rest of the World Industrializes the need for resources will be voracious.We are already witnessing some of it in the Middle East. Unfortunately there are only so many resources to go around. The competition for those resources is not going to be pretty.
I think we've struck that rarest of treasure here on TERB, common ground. As very large countries (China, India, Brazil) emerge and a large (hundreds of millions) middle class appears there will be opportunity (they will all need a copy of Windows...) and a real stress on resources. Picture a billion people in Asia driving Hummer 4s and smoking Marlboros and you get the idea.

As has been said here before, this will take major changes in those countries and decades to happen - let us hope that technology continues to keep up with growing demands - where is that fission (free energy) technology anyway?

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WoodPeckr

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onthebottom said:
...As has been said here before, this will take major changes in those countries and decades to happen - let us hope that technology continues to keep up with growing demands - where is that fission (free energy) technology anyway?

OTB
I believe you are referring to 'fusion' and it's still in the theoretical stages of 'underfunded' development. Fission is old hat, been around since the end of WWII. There are other technologies that hold much promise for meeting future demands. The problem is the 'powers to be' in control right now want to keep things the way they are since they have too much to lose if things change.
 

onthebottom

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WoodPeckr said:
I believe you are referring to 'fusion' and it's still in the theoretical stages of 'underfunded' development. Fission is old hat, been around since the end of WWII. There are other technologies that hold much promise for meeting future demands. The problem is the 'powers to be' in control right now want to keep things the way they are since they have too much to lose if things change.
That's it, thanks for the clarification - I'll opt out of the tin-foil-hat parade though.

Under funded, are you saying Canada isn't doing it's fair share again ;-)

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Asterix

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assoholic said:
The competition for those resources is not going to be pretty.
No it won't be pretty. Beyond energy I think the main battleground in this century will be over the simplest of resources, water. China, and especially India, face a serious crisis in availability of clean water, and the ramiification this will have on their future economic growth.
 

onthebottom

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Peeping Tom said:
To the doomsayers:

Remember in the 70's, when there was real economic trouble, and all the doomsayers were running around talking up Japan?

Where is Japan now?

:rolleyes:
Just on the other side of the Pacific, if you hit Korea you've gone too far.....

This is what happens when you have the government so tightly wound into the banking system - bad lending / investment decisions - and lack the political will to resolve the issue.

Weren’t we supposed to be out of oil in 25 years in 1979? Oh well, it will happen sooner or later - lets hope for later.

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onthebottom

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Asterix said:
No it won't be pretty. Beyond energy I think the main battleground in this century will be over the simplest of resources, water. China, and especially India, face a serious crisis in availability of clean water, and the ramiification this will have on their future economic growth.
Luckily we have all those big lakes on our Northern boarder.... strange people live up above them though.

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WoodPeckr

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onthebottom said:
That's it, thanks for the clarification - I'll opt out of the tin-foil-hat parade though.

Under funded, are you saying Canada isn't doing it's fair share again ;-)

OTB
No, I meant underfunded in the US, it had nothing to do with Canada. Most US programs seeking alternate energy sources have been kept on the very back burner by the present energy cabal which wants nothing to do with any threatenting competition to their present monopoly.

The most ambitious USA energy project from the recent past was President Carter's "Project Independence." This program was meant to make the USA completely free of any offshore energy needs, we would be able to supply all our energy needs solely on our own. It was meant to be on the same grand scale as putting a man on the moon, as the US was able to accomplish in less than a decade as President Kennedy, JFK, had mandated. Of course the existing powers in energy didn't look to kindly on this "Project Independence" so this whole program was quietly dismantled, piece by piece, after Reagan came to power in 1980. The results of this myopia, along with a good dose of corporate greed, is the present mess the USA finds itself in today, namely being more dependent on offshore energy dependence than ever.
 

onthebottom

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bbking said:
...and lucky for us we have a treaty that says you can't divert that water.


bbk

of course it doesn't say anything about heating the water and collecting the steam
You mean like the ABM treaty?

LOL

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WoodPeckr

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bbking said:

While I agree Carter's plan was creative, it was very expensive and way ahead of it's time and in the end not practicle - in fact had Carter won a second term I doubt that his plan would have been carried forward.bbk
Depends on how you look at it. Carter was just going by what many credible scientists were saying was out there back then, he really wasn't that far ahead of his time. Carter wanted that fuel cell back then, he saw how well it worked in the NASA Space program, and it would of been in place by now so GWB is really behind the curve here. As far as Oil goes, we really wouldn't need much of that either. Carter saw this also. Look at Brazil running 95% of there vehicles on fuel they grow, ethanol, we could have easily done that also. I just view all that money going to the Middle East for oil as a total waste. Had Carter's Project been followed up on, all that money would stay Stateside, instead of financing Arab fundamendalist zealots in the Middle East against us. Looking at it in that light Carter's vision wasn't that expensive at all.
 

onthebottom

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WoodPeckr said:
Depends on how you look at it. Carter was just going by what many credible scientists were saying was out there back then, he really wasn't that far ahead of his time. Carter wanted that fuel cell back then, he saw how well it worked in the NASA Space program, and it would of been in place by now so GWB is really behind the curve here. As far as Oil goes, we really wouldn't need much of that either. Carter saw this also. Look at Brazil running 95% of there vehicles on fuel they grow, ethanol, we could have easily done that also. I just view all that money going to the Middle East for oil as a total waste. Had Carter's Project been followed up on, all that money would stay Stateside, instead of financing Arab fundamendalist zealots in the Middle East against us. Looking at it in that light Carter's vision wasn't that expensive at all.
Brazil does NOT run 95% of their vehicles on fuel they grow (ethanol from sugar cane) - but ethanol is a part of the petrol they sell (about 25%).

Brazil had a short attempt at ethanol in the 80s as oil prices were high and sugar prices low - when those reversed the program died (almost not ethanol cars sold from 1996-2002.

They are trying again, with credits they would get from Germany to help pay for it (save on emissions - Kyoto I would presume).

Some interesting discussion on ethanol in the US:

From January 15, 2004 Economist:

Is the politicians' favorite fuel bad for the environment and your pocket?

IT'S the one topic all presidential candidates agree on in the run-up to the Iowa caucuses: ethanol production is a very good thing and should be handsomely subsidized. Forget that this grain alcohol has always been something of an economic and environmental joke. It comes from corn (or maize), which is mostly what Iowa is famous for.

The current subsidy to the industry is worth around 50 cents a gallon—or around $1.4 billion a year. The fig-leaf covering this largesse is the idea that ethanol is a clean fuel. In the 1980s, it was touted as an alternative to leaded petrol. It got another push from the 1990 Clean Air Act; to cope with the requirement for cleaner emission standards, states made the petrol industry add more oxygenates to their fuel to make it burn better. Ethanol emerged as the main such additive.

Meanwhile, the economics of ethanol production have taken a turn for the better. Efficient enzymes have led to more cost-effective fermentation, and genetically modified high-starch corn has a better yield (and so needs less processing in the plant and fewer herbicides in the field). Today there are 75 plants distilling a record 2.8 billion gallons, with a dozen more facilities under construction.

But is ethanol really that green? A debate has been stirred up by David Pimentel, an entomologist, who argues that each gallon of ethanol takes 29% more energy to make than it eventually produces. In 2002 the United States Department of Agriculture (USDA), which administers the subsidies, released a report claiming the opposite: “Corn-ethanol yields 34% more energy than it takes to produce it, including growing the corn, harvesting it, transporting it, and distilling it into ethanol.�

This might have seemed the end of the matter. But Mr Pimentel claims that the USDA study is flawed. It omits about half the inputs in corn production, including the cost of water to grow the stuff, and by using averages it avoids pointing out that some ethanol plants are extremely ungreen. It may indeed be energy-efficient to distil ethanol in eastern Minnesota, which has lots of rain and is home to the nation's cheapest corn. But in dryer Nebraska around 80% of the corn has to be irrigated, normally by natural-gas powered pumps, and much of the water comes from the fast-dropping Ogallala aquifer.

Other scientists are now trying to poke holes in Mr Pimentel's numbers. But do not expect the scientific debate about the highly subsidised crop to make a blind bit of difference to the politicians. The hand-outs for ethanol will rise again if a new energy bill goes through Congress.


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langeweile

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http://www.money.telegraph.co.uk/money/main.jhtml?xml=/money/2004/11/30/cneu30.xml&menuId=242&sSheet=/money/2004/11/30/ixfrontcity.html

Interesting article. Goes along the lines of some the discussions here.
 

onthebottom

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langeweile said:
http://www.money.telegraph.co.uk/money/main.jhtml?xml=/money/2004/11/30/cneu30.xml&menuId=242&sSheet=/money/2004/11/30/ixfrontcity.html

Interesting article. Goes along the lines of some the discussions here.

Was indeed interesting, the EU is in a bit of a pinch these days, slow growth, high unemployment and now a much stronger currency (against the USD and thus the Yuan). My favorite paragraph:

"The Commission blamed much of Europe's sluggish performance on suffocating red tape. It said the EU could raise overall GDP by 12pc through adopting an American-style "regulatory burden". So far, the East Europeans have also been hit hardest by China, as they tend to compete in the same sectors. The Hungarian electronics industry has lost market share steadily to Asian importers."

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