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US Defense Contractor Aids Chinese Attack Helicopter Development

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  1. #1
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    US Defense Contractor Aids Chinese Attack Helicopter Development






    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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    That's pretty heavy shit there. That might even fall under the heading of treason. Those involved and those who should have known, meaning those in charge, should be breaking rocks into smaller rocks in Leavenworth. The $75 million fine is a joke. Move the decimal point to the right a couple places and it will be appropriate.
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    Am I the only one who sees a repeat of what we did to the Soviet Union coming? Meaning we bled the Soviets dry in an arms race and I can see it repeating all over again with China, the exception being China will bankrupt us.

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    Quote Originally Posted by Big Pimpin View Post
    Am I the only one who sees a repeat of what we did to the Soviet Union coming? Meaning we bled the Soviets dry in an arms race and I can see it repeating all over again with China, the exception being China will bankrupt us.
    No, you're not the only one.
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    "While PWC has pleaded guilty to counts one and two, the Justice Department has recommended that prosecution of UTC and HSC on count two, and PWC and HSC on count three be deferred for two years, provided the companies abide by the terms of a deferred prosecution agreement with the Justice Department. As part of the agreement, the companies must pay $75 million and retain an independent monitor to monitor and assess their compliance with export laws for the next two years."


    WTF is this shit, treason is treason and is punishable by life imprisonment or death, isn't it.
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    Quote Originally Posted by Ichigo View Post
    "While PWC has pleaded guilty to counts one and two, the Justice Department has recommended that prosecution of UTC and HSC on count two, and PWC and HSC on count three be deferred for two years, provided the companies abide by the terms of a deferred prosecution agreement with the Justice Department. As part of the agreement, the companies must pay $75 million and retain an independent monitor to monitor and assess their compliance with export laws for the next two years."


    WTF is this shit, treason is treason and is punishable by life imprisonment or death, isn't it.
    Money probably exchanged hands for such a get out of jail free sentence.
    If gunners were as violent as anti-gunners believe, logically there wouldn't be any anti-gunners left.

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    Quote Originally Posted by Big Pimpin View Post
    Am I the only one who sees a repeat of what we did to the Soviet Union coming? Meaning we bled the Soviets dry in an arms race and I can see it repeating all over again with China, the exception being China will bankrupt us.
    no need to worry about China doing that, we already bankrupted ourselves. they are already starting to blow away the US in many categories in terms of new patents for various technologies.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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    US Defense Contractor Aids Chinese Attack Helicopter Development

    Eventually countries will just be divided up by corporations, especially China, those business owners are seeing way too much prosperity too fast, there is no way a communist gov. can contain that for long.
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    Quote Originally Posted by LAM View Post
    no need to worry about China doing that, we already bankrupted ourselves. they are already starting to blow away the US in many categories in terms of new patents for various technologies.
    China is already the largest holder of US debt.

    http://www.nytimes.com/2011/07/19/bu...anted=all&_r=0

    China still lead buyer of U.S. securities - The Buzz - Investment and Stock Market News

    http://www.bloomberg.com/news/2012-0...agon-says.html
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    Here's a good source for that kind of info:

    MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES (in billions of dollars)
    http://www.treasury.gov/resource-cen...uments/mfh.txt
    Last edited by LAM; 11-22-2012 at 12:56 AM.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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    China's economy relies on the United States. Without Americans buying all of their poorly made cheap shit, their economy will tank. The Chinese need us just as much as we need them.

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    Quote Originally Posted by Paranoid Fitness View Post
    China is already the largest holder of US debt
    Americans are the largest holder of US debt.


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    Quote Originally Posted by secdrl View Post
    China's economy relies on the United States. Without Americans buying all of their poorly made cheap shit, their economy will tank. The Chinese need us just as much as we need them.
    Tack on top of that the real estate bubble they're working on. It'll make what happened in the Western world look like nothing.


  14. #14
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    Quote Originally Posted by DOMS View Post
    Tack on top of that the real estate bubble they're working on. It'll make what happened in the Western world look like nothing.
    exactly the opposite. all asset bubbles are not created via the same mechanisms so the after effects are also not the same.

    China's market grew as the result of real income growth and not from financial deregulation or speculators, debt, etc. the US boom was the result of financial deregulation and speculation which caused the outrages inflated home values and increasing debt fueled consumption. they also have a lot more in savings than US workers so they are better protected during lean times of growth. the personal savings rate in china is almost 40% while the US is less than 6% with the majority of that coming from those in the top 2 income quintiles.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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