News China vs Japan and China flexing it's muscle

[Dobie G]

As usual it's not about the land but the fishing, oil and gas that's there. Estimates for oil range from seven billion to 130 billion barrels of oil which isn't that much as 5 billion barrels will last about 167 days in the US. The islands also have major shipping lanes which represent about half of the yearly world shipping trade, China claims territory to waters very close to the Philippines, Malaysia and South Korea, the brinkmanship is going to be very interesting to say the least.

From news.com.au

Source

 

[FishingRick04]

The real question is, America is in massive debt woe's and who holds the majority of America's debt? What's a way of trying to eliminate that debt? War perhaps?

 

[Dobie G]

Let's hope it's not war; there's a lot of baggage in this with ww2 not forgotten. If the conflict escalates, then Australia will get involved with USA using our bases.

 

[FishingRick04]

that's my worry

 

[Dobie G]

Three Chinese warships exercised in international waters north of Australia coming close to Indonesia and Christmas Island. China is our main trading partner making up about 1/3 of our trade. Our insurance policy is with the US at the moment, perhaps we should also be looking towards India.

http://www.abc.net.au/news/2014-02-13/china-flexed-military-muscle-north-of-australia/5257686

 

[proman_x]

The real question is, America is in massive debt woe's and who holds the majority of America's debt? What's a way of trying to eliminate that debt? War perhaps?

How would war eliminate Debt ? Doesn't war Generally create debt? A big part of the reason the yanks have such debt is their spending on the war machine from my understanding.


China and Japan have a very long history of having issues with each other.

Australia has put itself in a very interesting position, its alliance with Nth America, India, Indonesia and China makes for some interesting times.

 

[I Dont Care]

How would war eliminate Debt ? Doesn't war Generally create debt? A big part of the reason the yanks have such debt is their spending on the war machine from my understanding.


China and Japan have a very long history of having issues with each other.

Australia has put itself in a very interesting position, its alliance with Nth America, India, Indonesia and China makes for some interesting times.

War is good business Proman. That is a known fact among magnates throughout history. National debt is just an illusion, capitalism is the real currency of a nation. Capitalism employs a nations workforce, dictates spending and drives an economy in a way that utopian ideals like communism and socialism are hopeless to compete with, and when you have a capitalistic industrial approach to 'defence' like the US, well any war is a good war

 

[proman_x]

War is good business Proman. That is a known fact among magnates throughout history. National debt is just an illusion, capitalism is the real currency of a nation. Capitalism employs a nations workforce, dictates spending and drives an economy in a way that utopian ideals like communism and socialism are hopeless to compete with, and when you have a capitalistic industrial approach to 'defence' like the US, well any war is a good war

I understand where you are coming from Grosh. The biggest winners out of war are Bankers and Large Corporates (Magnates) in the majority. These days there is far less manufacturing in the waring nations like the US, along with items being made in other country's, corporate tax laws, free trade agreements, etc, the wealth is not shared within the country waging the wars. Big difference compared in todays global economy then back in the day of WW1, WW2, Vietnam, Korea, etc..... National debt was what I was referring to, not sure I would pass it of as an illusion though Grosh

 

[1954]

Let's hope it's not war; there's a lot of baggage in this with ww2 not forgotten. If the conflict escalates, then Australia will get involved with USA using our bases.

Correct, the chinese have never forgiven the japanese for their atrocoties on chinese civilians in ww2, and whilst it is unlikely to end in confrontation ( the japanese would be very aware china is now poweful enough to kick the absolute sh*t out of them ), china won't pass up any opportunity to humiliate their historical foe.