Niall Ferguson at Diggers and Dealers

[medusala]

Has anyone else received a copy of his address? Extremely interesting.

One of the big points he made was re Australia's population ie it had to be much much bigger for security reasons. One of the slides showed Australia's share of world reserves of various commodities. Basically said that was an invitation to treat for the Chinese and that wars were ultimately about resources.

Also

" ...I've now heard it from three quite authoritative sources, is that the Chinese have said to Geithner, no nore quantitative easing or we go public with our negative view of the US treasury market. And that is a very, very interesting proposition. If Ben Bernanke is in fact being hamstrung by Beijing, well, the new world order is already here and it speaks Mandarin.

 

[Dry Rot]

Any links?

 

[strategy]

Has anyone else received a copy of his address? Extremely interesting.

One of the big points he made was re Australia's population ie it had to be much much bigger for security reasons. One of the slides showed Australia's share of world reserves of various commodities. Basically said that was an invitation to treat for the Chinese and that wars were ultimately about resources.

Also

" ...I've now heard it from three quite authoritative sources, is that the Chinese have said to Geithner, no nore quantitative easing or we go public with our negative view of the US treasury market. And that is a very, very interesting proposition. If Ben Bernanke is in fact being hamstrung by Beijing, well, the new world order is already here and it speaks Mandarin.

The Chinese " hold " $1.5 trillion yes trillion DEBT of the USA and its growing daily .The ALP also borrowed much of its money from the Chinese as well .
So if China says to the USA and Australia we want our money NOW , what the hell have we got to pay them with ....higher taxes .
Re security ..Vietnam , Laos , Cambodia and Thailand are really angry at the Chinese as the Chinese are daming the Mekong River which is used by those 4 countries and the daming is changing their way of life and they are short of declaring hostilities with the Chinese.
China is trying to influence African nations and also the Sth Pacific nations and it is worry what is really going on

 

[medusala]

Any links?

Cant find one, I got emailed a pdf by some mining mates. Most interesting piece have read for quite a while.

I think he is excellent. Quite amusing as well.

China is trying to influence African nations and also the Sth Pacific nations and it is worry what is really going on

They dont give a stuff re governance, corruption etc, they just want the commodities

 

[evo]

" ...I've now heard it from three quite authoritative sources, is that the Chinese have said to Geithner, no nore quantitative easing or we go public with our negative view of the US treasury market. And that is a very, very interesting proposition. If Ben Bernanke is in fact being hamstrung by Beijing, well, the new world order is already here and it speaks Mandarin.

Yeah that's been around for a while.

http://www.321gold.com/

Is good if you like reading that sort of stuff. I'm not into it any more but there are some good writers that lurk there.

 

[medusala]

Yeah that's been around for a while.

http://www.321gold.com/

A lot of gold nuts are conspiracy theorists though.

He also said

"The US in my view is at a big cross over. At some point in the next 10 years it will be spending more on interest payments on the federal debt than it currently spends on defence. And I've argued elsewhere that this is a tipping poing for most great powers in history. When you're paying more to your creditors than to your soldiers and sailors, then you are probably reaching the end of of your period of global primacy"

 

[evo]

Some of the writers are conspircacy theorists but most aren't. That Bernananke and Greenspan before him are gradually sending the U.S down the shitter isn't a conspiracy. It's happening right in front of everyone's eyes!

You have to weed through it to find the good ones.

There are plenty of guys who write there and affiliated links that are at least educated and clued in as Niail Fergusson.

Actually this one is the better one from memoryhttp://www.gold-eagle.com/

 

[Dry Rot]

Any links?

Found this

http://www.abc.net.au/tv/bigideas/stories/2010/08/17/2984171.htm

 

[Clay Davis]

Bernananke

Hehehe.

Normally a bunch of colleagues go to D&D, but they were in ... Shanghai.

If China want to invade us then no amount of population will stop them.

 

[TheBloods]

Found this

http://www.abc.net.au/tv/bigideas/stories/2010/08/17/2984171.htm

Ferguson had an interesting piece in Foreign Affairs the other month about empires and their decline.

 

[TheBloods]

One of the big points he made was re Australia's population ie it had to be much much bigger for security reasons. One of the slides showed Australia's share of world reserves of various commodities. Basically said that was an invitation to treat for the Chinese and that wars were ultimately about resources.

Wars aren't just about resources, although they are increasingly so these days. But it's a silly point to argue for greater population for security, especially against China.

Also

" ...I've now heard it from three quite authoritative sources, is that the Chinese have said to Geithner, no nore quantitative easing or we go public with our negative view of the US treasury market. And that is a very, very interesting proposition. If Ben Bernanke is in fact being hamstrung by Beijing, well, the new world order is already here and it speaks Mandarin.

I don't think China warning the US about quantitative easing is in any way new. They were doing it openly last year.

 

[medusala]

Wars aren't just about resources, although they are increasingly so these days.

He didnt say they exclusively were.

But it's a silly point to argue for greater population for security, especially against China.

You really think China will behave? I very much doubt it.

Ferguson suggests we need India as a counterweight.

 

[TheBloods]

I think a Chinese invasion is unlikely.

 

[blackcat]

The Chinese " hold " $1.5 trillion yes trillion DEBT of the USA and its growing daily .The ALP also borrowed much of its money from the Chinese as well .
So if China says to the USA and Australia we want our money NOW , what the hell have we got to pay them with ....higher taxes .
Re security ..Vietnam , Laos , Cambodia and Thailand are really angry at the Chinese as the Chinese are daming the Mekong River which is used by those 4 countries and the daming is changing their way of life and they are short of declaring hostilities with the Chinese.
China is trying to influence African nations and also the Sth Pacific nations and it is worry what is really going on

Chinese sold down from 29% to 25% of US foreign debt since the GFC.

 

[blackcat]

Cant find one, I got emailed a pdf by some mining mates. Most interesting piece have read for quite a while.

I think he is excellent. Quite amusing as well.

also has Hirsi Ali as his squeeze. Best cheekbones on the speaking circuit.

 

[blackcat]

Some of the writers are conspircacy theorists but most aren't. That Bernananke and Greenspan before him are gradually sending the U.S down the shitter isn't a conspiracy. It's happening right in front of everyone's eyes!

You have to weed through it to find the good ones.

There are plenty of guys who write there and affiliated links that are at least educated and clued in as Niail Fergusson.

Actually this one is the better one from memoryhttp://www.gold-eagle.com/

Marc Faber is huge on the vitriol for Bernanke. Also, tho' Swiss, has the scary circa WWII German accent and since all the US economists are sons of Abraham, creates some night terrors surely. Tho' Schiff falls down on his side with a similar critique.

check out Faber's ponytail, funny cat, surely he has a little geisha girl in Hong Kong and a little opium smoking den. http://www.youtube.com/watch?v=XURvQpwX-90&feature=related if you are a big fan of garrulous and clumsy metaphors, Faber got a few, brilliant.

 

[Chief]

At its current growth rate, China turns out the population of Australia every few years.

Probably the only way we could populate to keep China from invading (if that were an actual threat and not a wild prediction ignoring the fact that history is PAST, not FUTURE) is by importing a hefty number of... Chinese people.

 

[Moo]

Probably the only way we could populate to keep China from invading (if that were an actual threat and not a wild prediction ignoring the fact that history is PAST, not FUTURE) is by importing a hefty number of... Chinese people.

....or by exporting Dick Smith.

 

[Chief]

oh noes yello perull !!!11!1!

 

[evo]

Marc Faber is huge on the vitriol for Bernanke. Also, tho' Swiss, has the scary circa WWII German accent and since all the US economists are sons of Abraham, creates some night terrors surely. Tho' Schiff falls down on his side with a similar critique.

check out Faber's ponytail, funny cat, surely he has a little geisha girl in Hong Kong and a little opium smoking den. http://www.youtube.com/watch?v=XURvQpwX-90&feature=related if you are a big fan of garrulous and clumsy metaphors, Faber got a few, brilliant.

Haha. He's good value.

The best thing Australia could do in the face of even him being even half right is to make sure we try and pay down our budget deficit. That way if the U.S did actually collapse we could tough it pout (at least to some degree). Thankfully both parties are at least making the right noises in that regard.

 

[Jentleman Geff]

Paying down the budget deficit wouldn't achieve much in that regard.

 

[Contra Mundum]

Some of the writers are conspircacy theorists but most aren't. That Bernananke and Greenspan before him are gradually sending the U.S down the shitter isn't a conspiracy. It's happening right in front of everyone's eyes!

You have to weed through it to find the good ones.

There are plenty of guys who write there and affiliated links that are at least educated and clued in as Niail Fergusson.

Actually this one is the better one from memoryhttp://www.gold-eagle.com/

Merely a statement of fact!