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Umm...did you just slip that one in there?
No..there will be no world war. People, and most especially the ones who created the downfall will cop it on the chin and accept their financial losses due to their own greed.
They will be made responsible and they will stop stealing our money to prop them up just to make the same stuffups all over again.

Don't for a second accept war for money.....or you will be severely dealt with..OK?  i

Sappho wrote on Aug 29^th, 2010 at 10:33am:


As I said in an earlier post, "if you really think WW3, which would be fought with Nuclear weapons, would not destroy every facet of Global human sociey, then I suggest you need to get up to speed on the affects of nuclear war, as a minimum!"

As I have also said numberous times, "this time is different".

In terms of the Economic effects, the current GFC is a very different and is but the start of a much more omminous event than anything that has come before and the same applies to your war correlation. A World War now would not the same as previous World Wars, as bad as they were then, a new WW would cause unimaginable destruction.

If it gets to that point, there will be no winners!

Money, Gold & all those things that you may think will present exciting opportunities, will simply vanish, in the blink of an eye.

That must be avoided, even at the cost of you missing out on a good return on your investments?

I suggest the status quo in Economics & Politics is not, can not and will not be sustainable.

We need to move on, before we are moved on!

The real question is, can we "fast forward" human nature enough, either voluntarily or in-voluntarily, to achieve a breakthru velocity, before time runs out? 

Senexx wrote on Aug 28^th, 2010 at 9:56pm:


Did you read the link? Do you understand the difference between Inflation that acts on the economy and Hyperinflation that acts on the currency?

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No one is disputing that the US is a deflating economy. You can have an economy deflating whilst the currency hyper-inflates.

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Crucial point you fail to note is that Japan save and those savings act as collateral. The US does not save in anywhere near the same numbers and therefore have no collateral to justify their excessive debt.

The USD is not worth what it is claimed to be worth... and this little truth is reverberating throughout all markets globally.

Sappho wrote on Aug 29^th, 2010 at 1:24pm:


Whilst it is correct that the USA has started down a similar path to Japan's lost 2 decades, it will not necessarily go down exactly the same path and Japans path may also be in the process of change.

However, it is true that the Japanes were/are big savers and that the Japanese are funding their governments own Deficits & Debt, so far, whereas the USA in far more external in their funding, primarily via China & Japan. That external funding has also started to decline.

It is also true that the US$ & Debt are both not worth what is claimed and the De-valuation &/or De-fault may well cause a very large quake, around the world!

STRATFOR is continuing to examine unconfirmed rumors that Zhou Xiaochuan, governor of the People’s Bank of China, fled China to the United States. The origin of the report has been hard to track, especially due to censorship of websites discussing the rumors, so the unconfirmed rumors remain just that — unconfirmed. However, if true, these rumors could have significant implications for China and for Sino-U.S. relations.
Analysis

STRATFOR is continuing to investigate unconfirmed rumors circulating in Chinese media to the effect that Zhou Xiaochuan, governor of the People’s Bank of China, has fled China to the United States. At present there is still no confirmation.

The provenance of the rumor has proved hard to track. A report attributed to Hong Kong’s Ming Pao newspaper on Aug. 28 said that Zhou might be punished for a large loss on U.S Treasury bonds worth $430 billion, and that the Chinese government might also punish others in the People’s Bank of China. The report allegedly originated on an unknown but “major” Chinese discussion forum, and that forum suggested that Zhou had left the country. Ming Pao denied it had published the report Aug. 30, saying others had used Ming Pao’s name without permission to distribute the rumor. STRATFOR has not yet been able to track down the original report, most likely because the Chinese government appears to be actively censoring websites discussing the rumors, deleting some web pages and blocking search engine results that involve Zhou’s name and words relating to a possible defection. Rumors have continued to circulate on Chinese blogs and web forums, in particular suggesting that Zhou may have defected to the United States. The reports are still posted on the blog of a professor, Liu Bingfu, whose career experience suggests he is a notable, if minor, academic.

Zhou cannot be confirmed to have appeared in public since the rumors began. The official website of the People’s Bank of China has reported on Zhou’s activities Aug. 30 — such as attending meetings with officials from Japan and Italy — in what appears to be unusual coverage, including photos, and may be an attempt to counteract the rumors. The pictures were taken from a distance but do appear to show Zhou, though it cannot be confirmed whether the photos were in fact taken on Aug. 30. Zhou’s last televised appearance was on Aug. 26 on CCTV, attending a conference with Chinese Premier Wen Jiabao, and images of the TV appearance also seem to show Zhou. Zhou had attended official events Aug. 10, in which he called for China to continue developing its western regions, and Aug. 3, when he met with his South Korean and Japanese counterparts.

Therefore what STRATFOR has at the moment remains unconfirmed rumors. If the reports are false, it would seem likely that Zhou will make a public appearance soon to dispel them. Otherwise speculation will continue. There are constantly rumors that high-level Chinese officials are in danger of a downfall, especially dealing with economic policymakers amid the economic challenges in recent years — this year alone, such rumors have touched Wen and top banking regulator Liu Mingkang. Similarly, China has undertaken an extensive drive over the past year targeting corrupt officials, and a variant of the rumors about Zhou suggests he has disappeared from the public spotlight because he is under investigation for corruption.

What makes the rumors about Zhou more interesting, beyond his position as governor of the central bank, is the specific claim that he has defected to the United States. If true, this would have serious ramifications for domestic and foreign perceptions of China’s political and financial stability, as well as for U.S.-Chinese relations. Though the rumors may prove false, their emergence alone likely suggests an attempt to detract from Zhou’s reputation. This could be related to his economic policies — while the rumor of a loss of $430 billion related to U.S. Treasury bills is difficult to comprehend without more context, China has recently adjusted its foreign exchange reserve management, or Zhou may have been targeted as part of the factional struggles ahead of leadership transition in 2012. However, it is relatively rare in China for political leaders to be punished for failed policies, and more likely the consequence of scandals, misconduct or political purges.
http://www.stratfor.com/

Sappho wrote on Aug 31^st, 2010 at 12:22pm:


Well, it could certainly get interesting! The reference is $430 Billion, who is to say that's all there is?

I note that the US is saying he hasn't defected & China are saying he hasn't been punished.

Personally, I would trust either of those statements!