What Is Really Going On With China's Econ An Pm Hoarding?

Junior, well said.

Tough question Rachums107, I have been thinking on this a bit, and I am sure many would trust a flip of their pocket silver piece before taking my advice, lol...

I think the economy crashing world wide is comparable to an over extended Empire who's borders have grown too large. It is not a matter of if, but when it will collapse upon itself....

Generally, people who run the country are an elite small group, who you assume will step in and prevent the metaphorical domino's from getting started so to speak, on the entire "Too big to fail" angle, and I have always figured those in charge too be smarter than the average bear, and I am just not so sure about that anymore. If push came to shove, I figure we would come out on top if the economy crashed or a world war broke out, but any of you feel comfortable if half our current generation say 18 to 35 was suddenly thrown into a D day situation? I would not be feeling as good about our chances, as I would have with the former generation who actually did fight in World war II. On the flip side to that argument, all the soldiers we have abroad, I would put complete trust in them and the experienced they have acquired for some of which have pulled multiple tours....

When it does collapse, that just means there will be one direction to go from there, back up again, and eventually we will pick up the pieces, go back to our daily routines, bus as usual, even if that is under perhaps a new one world government, or something along those lines....

Something else to consider... isn't this 'China taking over the world' nonsense just like the 'Japan taking over the world' nonsense back in the 1980s? So, how did that work out for the Japanese? Their economy never quite recovered from that. Is China so very different? Probably not.

Hey folks! New to coin forum over from the stamp side of the planet. Love a good political rant though. Recently watched a HBO movie called "To Big to Fail" about the Leeman and AGI finacial scare that recently transpired in the US. Not that I believe every word from hollywood but an interesting point in the movie that was if China and Russia of all places called in all their debt from the US they could collapse the entire economy. Now we have Greece literaly going bankrupt on itself and threatning the collapse of the Euro hence snowballing global finacial doom. We as regular little fleas on the dog are kept to an asset vs liability formula and if the formula is artificially inflated such as housing was the system will eventually catch and corret itself be it good or disaster. We can't individually own a house worth 100k and borrow 150k against it without something eventually breaking. Same is the story for most countries , they lend other countries billions and the fact is that debt can never be repaid but it looks good on paper. Hoard away makes all the sense in the world but also deflates the economy but we all know its busted from a global sense. A few oz's of gold /silver under the matress is real but investing in gold /silver bonds is a crap shoot since if all goes to poop you will never be able to physically get the goods. When these years get declassified it will make an interesting read to say I knew it back then.

well stated

Nitrolures, and I have used that movie for an example and posted a few paragraphs about it around here in this section....

Interesting Jack that you mentioned the F-22 Raptor, as my dad told me recently that the next best known aircraft tech will be blown out of the sky, before the F-22 even appears on their radar....

The only way the Chinese or the rest of the world can compete with that, is steal the tech and apply it in their own designs....

The finger was pointed at China recently by us, as I saw a yahoo blog story about it a month back, as some big time top secret labs got hacked recently close by in Oak Ridge, and all the evidence pointed to China. I am not saying it was China, but it was a powerful organization or country bar known, as this hacking is way beyond a brilliant 17 year old basement hacker....

You all have heard of Oak Ridge right, the birth place to many of the components used in Fat man and Little boy, the first two atomic bombs? I know a customer who works their, and another girl I work with also works in one of the labs cafeteria, so I knew about this way before that story broke. They sent the Human Resources something like an insurance benefits package email, so the head of the department sent it on through to all employee's. I DID NOT, even feel safe posting about it, but the gov knows it was perpetrated by hackers that are a 1000 times smarter than I. Smart hackers, using dormant viruses that go deep in the mainframe and stay dormant for years then suddenly surface. The math scientist that I serve and chat with often, said they can't have home lap top connections even still yet, some real fishy stuff going on there. I did hear that they had so much worthless info jammed onto many different servers, that no vital info was stolen, but if it had been, you think they would have reported that they got the best of us?

I think their main concern should be to keep doing what they are doing with the pm's and worry about their own economy, and way out of control population, dams, water, new power sources, food, etc like the rest of us, but it is much more of an issue for them, via that exploding population....

Actually, that statement was from USSR premier Nikita Khrushchev back in the early 1960s. He said that during his infamous rant at the UN where he pounded his shoe on the lectern while speaking. I thought at the time that he sounded a lot like the movie reels I had seen of Adolph Hitler in the 1940s.

Most of you youngsters on here do not know about the way things were back in the 1950s and 1960s. The USSR was an imminent military threat to US survival. Kids had to practice "nuclear drills" at school. We had air raid siren tests that would go off from time to time, at any hour of the day or night, and we never knew if it was a test or THE REAL THING until the "all clear" signal came. All public buildings had air raid shelters built into their basements. Movies included short info segments at the start of the movie on how to "duck and cover" to get at least some protection from moderately far away nuclear blasts. They did not tell us what to do in case of a nearby nuclear blast... they didn't need to. The US bomber and sub fleets were rotated on and off of full alert, 24 / 7 /365. My uncle Jim was a navigator on a B-47 and then later on a B-58. He flew MANY flights to the north pole or to Alaska with a pair of multi-megaton class nukes in the bomb bay. When they launched, they did not know if it was a training flight or not. All they knew was that they had about 8 minutes to be 10 miles from their base with the pedal to the metal. The worst part of it all was that prior to this, war had a hard time coming to the US. Our oceans and great distance protected us from aggressive and hostile foreign countries. The development of ballistic missiles ended that era. War could now come to us... in 15 minutes or less! Bad times, indeed.

No doubt! And the space in one of those things makes them pretty cheap on a square foot basis. Cooling isn't a problem but heating and dehumidifying could be. Did they mention what he did for heating and humidity control? That would be interesting.

On the other hand, getting accidentally locked in there could be a big problem!