Author Topic: Looks like we are going to try to inflate our way out of this  (Read 1043 times)

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Offline Allentownjake

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Looks like we are going to try to inflate our way out of this
« on: September 24, 2010, 02:12:23 PM »
This is going to end well.

If you add the geopolitical environment it gets more interesting.

China and Japan have been engaging in some chest beating the past few months.  It flared up when the central bank of Japan decided to go ahead and willingly devalue their own currency.  China than went and bought Japanese debt to appreciate Japan's currency (China has no desire for Japan to get bigger share of Asian exporting with a weak currency).  Japan started tighter enforcement of thier shipping area and arrested a Chinese shipping captain, China arrested a group of Japanese businessman and threatened to stop exporting of rare earth metals to Japan's electronic industry.  Check and mate.

Now the idiots in D.C. in both parties better be playing close attention.  China isn't playing tiddly winks right now.  They aren't letting a crisis go to waste.  China has a near monopoly on rare earth metal mining (mostly because they bankrupted all the competitors by selling them below what it cost to mine them).  These don't just have a consumer electronic importance, they have military importance as the same types of metals are needed for the chips in our missle guidance systems and other targeting systems.

We have plenty of rare earth metals in the US.  I hope the government is planning on giving the Military full authoirzation to start mining their own supply.
I hope we shall... crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country." --Thomas Jefferson to George Logan, 1816.

Offline Texacon

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Re: Looks like we are going to try to inflate our way out of this
« Reply #1 on: September 24, 2010, 02:24:25 PM »
This is going to end well.

If you add the geopolitical environment it gets more interesting.

China and Japan have been engaging in some chest beating the past few months.  It flared up when the central bank of Japan decided to go ahead and willingly devalue their own currency.  China than went and bought Japanese debt to appreciate Japan's currency (China has no desire for Japan to get bigger share of Asian exporting with a weak currency).  Japan started tighter enforcement of thier shipping area and arrested a Chinese shipping captain, China arrested a group of Japanese businessman and threatened to stop exporting of rare earth metals to Japan's electronic industry.  Check and mate.

Now the idiots in D.C. in both parties better be playing close attention.  China isn't playing tiddly winks right now.  They aren't letting a crisis go to waste.  China has a near monopoly on rare earth metal mining (mostly because they bankrupted all the competitors by selling them below what it cost to mine them).  These don't just have a consumer electronic importance, they have military importance as the same types of metals are needed for the chips in our missle guidance systems and other targeting systems.

We have plenty of rare earth metals in the US.  I hope the government is planning on giving the Military full authoirzation to start mining their own supply.

 :lmao:

You really think the liberals that are in power right now will allow the US to mine something?  That's only one of the reasons they should never be there.

KC
  Build a man a fire and he'll be warm for a day.  Set a man on fire and he will be warm for the rest of his life.

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Offline thundley4

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Re: Looks like we are going to try to inflate our way out of this
« Reply #2 on: September 24, 2010, 02:40:21 PM »
What sort of minerals were found in Afghanistan earlier this year?  All I remember is the news being a trillion dollars worth or something.

Offline Allentownjake

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Re: Looks like we are going to try to inflate our way out of this
« Reply #3 on: September 24, 2010, 02:51:09 PM »
What sort of minerals were found in Afghanistan earlier this year?  All I remember is the news being a trillion dollars worth or something.

The Chinese shut down the rare earth mineral mining in the US by basically selling the stuff cheaper than it was to take out of the ground.   We have plenty of the materials here.

It will not be cheaper to mine it in Afghanistan with crazy goat herders blowing themselves up around the mining equipment.

As for the dumb liberals, I have about as much patience with them as I do with conservatives who don't see China as a threat and think it is OK to export manufacturing capacity over there.

I fully expect any attempts (which is what Bernake is doing right now) to devalue the US currency to increase exports and reduce the pressure on banks for the housing bubble will be met with a brutal response by the Chinese.

If we were a closed economy, you could pull this crap and possibly get away with it.

They have been increasing their Naval excercises around Taiwan as of late.
« Last Edit: September 24, 2010, 02:55:27 PM by Allentownjake »
I hope we shall... crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country." --Thomas Jefferson to George Logan, 1816.

Offline thundley4

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Re: Looks like we are going to try to inflate our way out of this
« Reply #4 on: September 24, 2010, 03:01:37 PM »
The Chinese shut down the rare earth mineral mining in the US by basically selling the stuff cheaper than it was to take out of the ground.   We have plenty of the materials here.

It will not be cheaper to mine it in Afghanistan with crazy goat herders blowing themselves up around the mining equipment.


I already think China is making headway into mineral rights in Afghanistan.

Offline Allentownjake

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Re: Looks like we are going to try to inflate our way out of this
« Reply #5 on: September 24, 2010, 03:05:10 PM »
I already think China is making headway into mineral rights in Afghanistan.

They aren't dumbasses.  They have been playing a nice chess game with us the past 10 years, mostly exploiting our stupidity and greed and willingness to sell each other out.
I hope we shall... crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country." --Thomas Jefferson to George Logan, 1816.

Offline JohnnyReb

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Re: Looks like we are going to try to inflate our way out of this
« Reply #6 on: September 24, 2010, 03:20:49 PM »
If we were to get in an all out war like WW2 right now we're screwed. For the last 3 or 4 years scrap metal prices have been so high that I've had thousands of dollars worth of steel/iron stolen from me. Every farmer with junk on the farm has hauled it to a scrap dealer. It's just about all gone to China now. So if war were to start, we don't even have scrap metal laying around to use as a buffer until iron ore mines could be opened up.....and the steel industry is basicly anyway.

....and that doesn't even take in consideration the scrap aluminum and copper markets. Hell, the thieves have gotten so bad they'll steal heating/air units while people are in their houses.
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Offline Carl

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Re: Looks like we are going to try to inflate our way out of this
« Reply #7 on: September 24, 2010, 03:27:02 PM »
If we were to get in an all out war like WW2 right now we're screwed. For the last 3 or 4 years scrap metal prices have been so high that I've had thousands of dollars worth of steel/iron stolen from me. Every farmer with junk on the farm has hauled it to a scrap dealer. It's just about all gone to China now. So if war were to start, we don't even have scrap metal laying around to use as a buffer until iron ore mines could be opened up.....and the steel industry is basicly anyway.

....and that doesn't even take in consideration the scrap aluminum and copper markets. Hell, the thieves have gotten so bad they'll steal heating/air units while people are in their houses.

Not to mention that the steel that does come back from China is junk,full of impurities.

Offline Allentownjake

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Re: Looks like we are going to try to inflate our way out of this
« Reply #8 on: September 24, 2010, 03:44:35 PM »
If we were to get in an all out war like WW2 right now we're screwed. For the last 3 or 4 years scrap metal prices have been so high that I've had thousands of dollars worth of steel/iron stolen from me. Every farmer with junk on the farm has hauled it to a scrap dealer. It's just about all gone to China now. So if war were to start, we don't even have scrap metal laying around to use as a buffer until iron ore mines could be opened up.....and the steel industry is basicly anyway.

....and that doesn't even take in consideration the scrap aluminum and copper markets. Hell, the thieves have gotten so bad they'll steal heating/air units while people are in their houses.

We don't have the political will to go into an all-in war against people who hit our Military headquarters.

Seriously, think about that.  A group of people bombed our domestic Military headquarters and no formal declaration of war was declared.

As far as the state of the economy and building weaponary.  Service economies aren't exactly equipped for a quick Military build-up.   

We need the rare earth minerals for our targetting and electronics and the steel for our missiles, planes, and aircraft carriers and submarines. 

There would be limited land based battle unless we were engaging in another Korean conflict or battle to liberate Taiwan or protect Japan and Australia.
I hope we shall... crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country." --Thomas Jefferson to George Logan, 1816.

Offline Carl

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Re: Looks like we are going to try to inflate our way out of this
« Reply #9 on: September 24, 2010, 04:25:24 PM »
We don't have the political will to go into an all-in war against people who hit our Military headquarters.

Seriously, think about that.  A group of people bombed our domestic Military headquarters and no formal declaration of war was declared.

As far as the state of the economy and building weaponary.  Service economies aren't exactly equipped for a quick Military build-up.   

We need the rare earth minerals for our targetting and electronics and the steel for our missiles, planes, and aircraft carriers and submarines. 

There would be limited land based battle unless we were engaging in another Korean conflict or battle to liberate Taiwan or protect Japan and Australia.

I am not trying to goad you Jake but it has been the left which has neutered our political will to fight our enemies.
Namely because they see them as a comrade in arms with perhaps just different grudges but all stemming from a hatred of Capitalism bred by an obsessive state of envy.

As to your points regarding military preparedness and or ability to wage war I will defer to those with military experience and contacts here.
The only comment I will make on that matter is if we can undo the leftist induced stigma against protecting ourselves we may very well would be surprised at how quickly resources were volunteered.

Offline Allentownjake

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Re: Looks like we are going to try to inflate our way out of this
« Reply #10 on: September 24, 2010, 04:55:06 PM »
There is a difference between defending ourselves and being aggressive and there is a fine line in that manner.

I agree with the Afghan invasion, did not agree with Iraq on two grounds

1) Afghanistan was not complete

2) Iraq had not done what Al Quaeda did with aid from the Taliban.

I'm not a pacifist, nor do I cringe instinctively when I hear Military involvement.  Both my parents are Vietnam Veterans and I'm a member of the Sons of the American Legion.

When we do go to war, I support all the nations resources are put into the effort, every able bodied man is conscripted into some sort of service and no one leaves till the enemy is neutralized.  Civilians are expected to buy government debt in the form of war bonds until the war is over and any debt after the war is paid back quickly.  I expect if men and women are willing to sacrifice their lives, the civilian population to sacrifice at home.  

We have not engaged in that type of war in 60 years.

I'm not speaking about limited engagements where active combat is short like Guam, Panama, or Iraq war I.

However, I severly question whether or not we are messing with our Constitution when we are involved in active armed conflict for 9 years without any formal declaration of war.

Frankly it is unfair to the executive in carrying out the war, a formal declaration gives the President powers he would not have in periods of no formal declaration.  This yearly argument over defense spending authorization is bullshit if we are truly at war.

On the current issue of Afghanistan, I don't believe in a timeline.  You have an objective, you either sacrifice to meet that objective or you leave.
« Last Edit: September 24, 2010, 04:57:39 PM by Allentownjake »
I hope we shall... crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country." --Thomas Jefferson to George Logan, 1816.