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Author Topic: Attack in Ankara  (Read 4668 times)

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Lizzie_Zoom

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Re: Attack in Ankara
« Reply #30 on: 03 February 2013, 18:54:38 »

Oh yes. Muslims hate the US and Britain. Except the free housing and benefits bit, they seem quite fond of those.
I think all westerners should eff off back home where they came from, and the same for all easterners as well.

That certainly is a point of view Steve, and one I cannot / will not argue with! :y :y

As for the "Benefit" question, well if they are British why not? But if they cause crime and hate, what is the difference between them and white Christians who commit crime and hate in our communities, along with taking the piss. Take benefits away from both!  :D ;)
« Last Edit: 03 February 2013, 18:56:09 by Lizzie Zoom »
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STMO123

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Re: Attack in Ankara
« Reply #31 on: 03 February 2013, 18:58:07 »

Oh yes. Muslims hate the US and Britain. Except the free housing and benefits bit, they seem quite fond of those.
I think all westerners should eff off back home where they came from, and the same for all easterners as well.

That certainly is a point of view Steve, and one I cannot / will not argue with! :y :y

As for the "Benefit" question, well if they are British why not? But if they cause crime and hate, what is the difference between them and white Christians who commit crime and hate in our communities, along with taking the piss.  :D ;)
Hopefully, the layabouts won't be taking the piss for too much longer, we can't afford it. But, as always, we are scared of tackling muslim wasters, because we may be seen as racist.
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Lizzie_Zoom

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Re: Attack in Ankara
« Reply #32 on: 03 February 2013, 18:59:50 »

Oh yes. Muslims hate the US and Britain. Except the free housing and benefits bit, they seem quite fond of those.
I think all westerners should eff off back home where they came from, and the same for all easterners as well.

That certainly is a point of view Steve, and one I cannot / will not argue with! :y :y

As for the "Benefit" question, well if they are British why not? But if they cause crime and hate, what is the difference between them and white Christians who commit crime and hate in our communities, along with taking the piss.  :D ;)
Hopefully, the layabouts won't be taking the piss for too much longer, we can't afford it. But, as always, we are scared of tackling muslim wasters, because we may be seen as racist.

Maybe, but that must change. All for one, one for all I say regardless of creed, colour, religion or gender. :y :y
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Re: Attack in Ankara
« Reply #33 on: 03 February 2013, 19:02:39 »

On 7th August 1998 2 truck bombs exploded simultaneously outside the US embassies in Nairobi, Kenya and Dar es Salaam, Tanzania.  Hundreds  of innocent civilians were killed and thousands were injured, in very poor countries with no free healthcare or welfare system.  The Nairobi bomb was particularly horrific as the US Embassy at the time was situated in the city centre.  An adjacent office block housing a collage collapsed and the vast majority of the dead from there were young people, just starting out on the journey of life....  :'(  Tanzania is a muslim country.  ::)

The 7th August 1998 was the eighth anniversary of US troops being stationed in Saudi Arabia.  They were stationed there with the agreement and by invitation from the legitimate government of Saudi Arabia.  Al Qaeda claimed responsibility and this was when the world became aware of Osama bin Laden.

By contrast the western armies operate under strict rules of engagement.  I believe that at the moment the British Army in Afghanistan can only fire when fired upon, which some might say is too stringent.  :-\ I believe that your assertions Lizzie that the Western armies are bombing, strafing, maiming and killing civilians not only wrong but offensive!  :o War is what it is however and the civilian population always suffer as a result, this has always been so and always will be so.  :'( What we have though is one side who try to avoid civilian casualties but yes make mistakes from time to time, and another side who hit targets indiscriminately regardless of who might get killed or injured!  >:(

Anyone who thinks that we can negotiate with such people must have graduated from the Neville Chamberlain School of Politics and International Affairs  :-\

PS

I find it interesting that you bring up Vietnam Lizzie.  I lived and worked in Saigon for a while and the only animosity I came across from the Vietnamese towards the Americans, were from those angry that the US left South Vietnam to it's fate.  The majority of South Vietnamese saw the Americans as their defenders and protectors and hated the Northern Communists with a passion!  To this day, there is a North/South divide and much bitterness and mistrust.  The people of South Vietnam were treated appallingly by the Northern Communists and even now most high ranking public positions in the South, such as police chiefs, mayors etc are held by Northerners.
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Re: Attack in Ankara
« Reply #34 on: 03 February 2013, 21:27:01 »

On 7th August 1998 2 truck bombs exploded simultaneously outside the US embassies in Nairobi, Kenya and Dar es Salaam, Tanzania.  Hundreds  of innocent civilians were killed and thousands were injured, in very poor countries with no free healthcare or welfare system.  The Nairobi bomb was particularly horrific as the US Embassy at the time was situated in the city centre.  An adjacent office block housing a collage collapsed and the vast majority of the dead from there were young people, just starting out on the journey of life....  :'(  Tanzania is a muslim country.  ::)

The 7th August 1998 was the eighth anniversary of US troops being stationed in Saudi Arabia.  They were stationed there with the agreement and by invitation from the legitimate government of Saudi Arabia.  Al Qaeda claimed responsibility and this was when the world became aware of Osama bin Laden.

By contrast the western armies operate under strict rules of engagement.  I believe that at the moment the British Army in Afghanistan can only fire when fired upon, which some might say is too stringent.  :-\ I believe that your assertions Lizzie that the Western armies are bombing, strafing, maiming and killing civilians not only wrong but offensive!  :o War is what it is however and the civilian population always suffer as a result, this has always been so and always will be so.  :'( What we have though is one side who try to avoid civilian casualties but yes make mistakes from time to time, and another side who hit targets indiscriminately regardless of who might get killed or injured!  >:(

Anyone who thinks that we can negotiate with such people must have graduated from the Neville Chamberlain School of Politics and International Affairs  :-\

PS

I find it interesting that you bring up Vietnam Lizzie.  I lived and worked in Saigon for a while and the only animosity I came across from the Vietnamese towards the Americans, were from those angry that the US left South Vietnam to it's fate.  The majority of South Vietnamese saw the Americans as their defenders and protectors and hated the Northern Communists with a passion!  To this day, there is a North/South divide and much bitterness and mistrust.  The people of South Vietnam were treated appallingly by the Northern Communists and even now most high ranking public positions in the South, such as police chiefs, mayors etc are held by Northerners.

A classic mistake many people make is thinking because they are reasonable, then everybody else will be to. History is littered with such people and their failures, where they have made this dangerous and in many cases futile / fatal assumption that had lead to the enslavement of the people by such ruthless masters. A few examples of people, governments and organisations that could / cannot be negotiated with are: Joseph Stalin, Adolf Hitler, Saddam Hussain, Pol Pot, North Korea, Iran, Al Qaeda and the Taliban. The same also applies to the Angry Brigade, Red Brigade and violent animal rights and environmentalists.

When evil people have evil aims and are determined to impose their will and enslave or destroy other people and their societies, then their violence has to be met with equal or greater violence or you lose. There is no other answer or way. I heard all of the answers before about how things should be sorted out by the League of Nations or the UN. Well how effective were the UN in Bosnia or Syria? They are toothless donkeys tigers.
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cem_devecioglu

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Re: Attack in Ankara
« Reply #35 on: 04 February 2013, 10:34:10 »

today I have seen some news about an ordinary American citizen
 
for every 6 , 1 dont have health insurance (50 milion)
 
for every 17 , 1 have income lower than the legal lowest limit (18 million)
 
in the last crisis nearly 60% people go in debit to banks (mostly because of mortgages)
 
30 million people have no reading writing ability..
 
total USA debit (as of 2013 beginning)   17 000 000 000 000 US$
                      yearly tax income          2 250 000 000 000 US$
                              yearly expenses    3 570 000 000 000 US$
                                       deficit        1 320 000 000 000 US$
 
obviously USA is bankrupt.. and no hope for future closing this debit and yearly deficit.. :-\
 
besides the last wars not only made USA bankrupt , it caused a big turmoil on markets (although house market is blamed) together some monetary operations of rich and many people lost their jobs in europe and many countries..  thats the other face of medalion...  :(
 
 
I see only 2 solutions,   nationalize fed , stop wars and stop spending on guns.. :-\
 
« Last Edit: 04 February 2013, 10:38:29 by cem »
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Lizzie_Zoom

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Re: Attack in Ankara
« Reply #36 on: 04 February 2013, 13:21:40 »



By contrast the western armies operate under strict rules of engagement.  I believe that at the moment the British Army in Afghanistan can only fire when fired upon, which some might say is too stringent.  :-\ I believe that your assertions Lizzie that the Western armies are bombing, strafing, maiming and killing civilians not only wrong but offensive!  :o War is what it is however and the civilian population always suffer as a result, this has always been so and always will be so.  :'( What we have though is one side who try to avoid civilian casualties but yes make mistakes from time to time, and another side who hit targets indiscriminately regardless of who might get killed or injured!  >:(

Anyone who thinks that we can negotiate with such people must have graduated from the Neville Chamberlain School of Politics and International Affairs  :-\

PS

I find it interesting that you bring up Vietnam Lizzie.  I lived and worked in Saigon for a while and the only animosity I came across from the Vietnamese towards the Americans, were from those angry that the US left South Vietnam to it's fate.  The majority of South Vietnamese saw the Americans as their defenders and protectors and hated the Northern Communists with a passion! To this day, there is a North/South divide and much bitterness and mistrust.  The people of South Vietnam were treated appallingly by the Northern Communists and even now most high ranking public positions in the South, such as police chiefs, mayors etc are held by Northerners.

Drones are shooting at targets without being fired upon, with even a wedding reception being attacked, with heavy casualties, only quite recently.  Other "mistaken" fire has also killed innocents on a fairly regular basis.

The local civilians killed by, I repeat, "mistaken" fire would certainly have relatives and friends who would  use your word "offensive"!  When war is being fought this is indeed what happens, and that is why it is wrong for western forces to be there as it always leads to animosity from those local innocents who have to pick up the pieces.

As for Vietnam, Saigon is not the whole country and is hardly representative of those districts that the main part of the appalling war was fought over.  It is on record that the more the American forces attacked villages towards the North Vietnamese border, the more civilians decided to assist the Viet Cong as they saw them as the best choice in a war that was unnecessary and led to a bad situation for the Yanks. That all led to the Americans admitting defeat and pulling out, as they knew they could not continue what had become a terribly wasteful war that the American public could see no purpose in. Before you ask, I know of ex-American servicemen who are my friends that served in Vietnam and would never talk about what they experienced as they were far from happy with their country's involvement and actions.  In simple terms they were ashamed.
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Lizzie_Zoom

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Re: Attack in Ankara
« Reply #37 on: 04 February 2013, 14:13:34 »

On 7th August 1998 2 truck bombs exploded simultaneously outside the US embassies in Nairobi, Kenya and Dar es Salaam, Tanzania.  Hundreds  of innocent civilians were killed and thousands were injured, in very poor countries with no free healthcare or welfare system.  The Nairobi bomb was particularly horrific as the US Embassy at the time was situated in the city centre.  An adjacent office block housing a collage collapsed and the vast majority of the dead from there were young people, just starting out on the journey of life....  :'(  Tanzania is a muslim country.  ::)

The 7th August 1998 was the eighth anniversary of US troops being stationed in Saudi Arabia.  They were stationed there with the agreement and by invitation from the legitimate government of Saudi Arabia.  Al Qaeda claimed responsibility and this was when the world became aware of Osama bin Laden.

By contrast the western armies operate under strict rules of engagement.  I believe that at the moment the British Army in Afghanistan can only fire when fired upon, which some might say is too stringent.  :-\ I believe that your assertions Lizzie that the Western armies are bombing, strafing, maiming and killing civilians not only wrong but offensive!  :o War is what it is however and the civilian population always suffer as a result, this has always been so and always will be so.  :'( What we have though is one side who try to avoid civilian casualties but yes make mistakes from time to time, and another side who hit targets indiscriminately regardless of who might get killed or injured!  >:(

Anyone who thinks that we can negotiate with such people must have graduated from the Neville Chamberlain School of Politics and International Affairs  :-\

PS

I find it interesting that you bring up Vietnam Lizzie.  I lived and worked in Saigon for a while and the only animosity I came across from the Vietnamese towards the Americans, were from those angry that the US left South Vietnam to it's fate.  The majority of South Vietnamese saw the Americans as their defenders and protectors and hated the Northern Communists with a passion!  To this day, there is a North/South divide and much bitterness and mistrust.  The people of South Vietnam were treated appallingly by the Northern Communists and even now most high ranking public positions in the South, such as police chiefs, mayors etc are held by Northerners.

A classic mistake many people make is thinking because they are reasonable, then everybody else will be to. History is littered with such people and their failures, where they have made this dangerous and in many cases futile / fatal assumption that had lead to the enslavement of the people by such ruthless masters. A few examples of people, governments and organisations that could / cannot be negotiated with are: Joseph Stalin, Adolf Hitler, Saddam Hussain, Pol Pot, North Korea, Iran, Al Qaeda and the Taliban. The same also applies to the Angry Brigade, Red Brigade and violent animal rights and environmentalists.

When evil people have evil aims and are determined to impose their will and enslave or destroy other people and their societies, then their violence has to be met with equal or greater violence or you lose. There is no other answer or way. I heard all of the answers before about how things should be sorted out by the League of Nations or the UN. Well how effective were the UN in Bosnia or Syria? They are toothless donkeys tigers.

Those leaders / countries could and were negotiated with.  In the case of Hitler the big mistake by Chamberlain was he was too much a gentleman, and did not push the negotiations strongly enough. Hitler was a chancer, and if enough tough resistance had been offered from the start, in Munich 1938, then history could have been very different.

Joseph Stalin did negotiate well with especially the Americans, after of course he was fooled by Hitler into a Pact in 1939.

Saddam Hussein should have been left to his own devices, as there was no need for Western involvement in Iraq, so negotiations over so called weapons of mass destruction were never necessary, and led Bush and Blair into a war that many in Britain, then and now, did not want.

Iran is being held back, although not very easily, by negotiation with many sides involved under the banner of the UN.  Iran knows one slip and the USA, let alone Russia and Israel, could well go on the attack. 

North Korea is,  admittedly another story, but again world pressure, including from their old sponsors the Chinese, is holding back on their reigns. Russia as well is having an effect behind the scenes, so again negotiations by UN countries are achieving that retarding on what N.Korea really wants, but will not get.

The other names you state are of course not countries, as the IRA were not. Negotiations may be too late for some, but there is an intention in certainly Afghanistan that working for a peaceful solution is possible.  As I have said before though massive traditional military ground forces are no good in fighting these gorilla groups.  As the British Army found in N.Ireland, what counted was intelligence and actions by specialised security forces.  Then came the need for peace that the people wanted, and political negotiation did the rest, with the old enemies being given political power via the ballot box.  That is how you act in Afghanistan to achieve long lasting peace, and a young democracy. ;) ;)   
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Rods2

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Re: Attack in Ankara
« Reply #38 on: 04 February 2013, 17:30:36 »

today I have seen some news about an ordinary American citizen
 
for every 6 , 1 dont have health insurance (50 milion)
 
for every 17 , 1 have income lower than the legal lowest limit (18 million)
 
in the last crisis nearly 60% people go in debit to banks (mostly because of mortgages)
 
30 million people have no reading writing ability..
 
total USA debit (as of 2013 beginning)   17 000 000 000 000 US$
                      yearly tax income          2 250 000 000 000 US$
                              yearly expenses    3 570 000 000 000 US$
                                       deficit        1 320 000 000 000 US$
 
obviously USA is bankrupt.. and no hope for future closing this debit and yearly deficit.. :-\
 
besides the last wars not only made USA bankrupt , it caused a big turmoil on markets (although house market is blamed) together some monetary operations of rich and many people lost their jobs in europe and many countries..  thats the other face of medalion...  :(
 
 
I see only 2 solutions,   nationalize fed , stop wars and stop spending on guns.. :-\

Cem countries that have their own currencies can't go bankrupt as they can always print more. They can therefore debase their currency until it is worthless, like Germany did in the 1920's along with what investors get back for their debts denominated in that currency. The UK is even worse than the US with personal, industry and Government debts about 500% of GDP, the same as Japan! Most indebted is Ireland at about 650%, but currently out of the PIIGS they are the most likely to get through this through a combination of massive cuts in public service costs and low corporation tax, so there are many, particularly US companies, there so they have a positive balance of payments.

The only way the US and the UK can get through this without defaulting is by inflating the debts away. QE is a good way of creating inflation which is why the US and the UK are the main users of it. Japans new government has after 20 years of deflation made a 2% inflation target a top priority and their currency has dropped from 80 to 93 Yen to the US dollar and they may start seeing some growth at last.

The US will get out of their situation with cheap energy supplies from shale gas. Much high energy heavy industry that moved to Asia is now on-shoring back to the US in $30bn of investment. Japanese chemical industries and Europe's BASF have stated they cannot compete on price due to relative energy costs, so they either also on-shore to the US or stop production, either way Japan and Europe are going to lose these industries and jobs.

The UK is drifting into a Sterling crisis with no growth, no austerity to cut the deficit, rising taxes, rapidly rising energy costs (green subsidies, carbon trading and falling exchange rate with energy price in US dollars), falling output, high inflation and falling real wages. The current Government had its chance to sort the situation out, but they needed to dramatically cut public spending and reduce taxes, where the previous Government had increased both by over 30% in real terms. The current Chancellor in charge of the economy is a disaster, his only previous work experience has been entering the details of the deceased on a NHS database and refolding towels in a department store and it shows, he is totally out of his depth. This window of opportunity is now closed and it will be the markets that now decide the UK's fate!  :o :o :o >:( >:( >:(

Unfortunately, it looks like the next Governor of the Bank of England is going to target growth by tracking nominal GDP rather than inflation. This will probably end in tears as the UK has a very bad track record with inflation with a peak of 28% in the 1970's. Over the next few years I wouldn't be surprised if this record is beaten!  :o :o :o :o
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Lizzie_Zoom

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Re: Attack in Ankara
« Reply #40 on: 04 February 2013, 17:56:02 »

today I have seen some news about an ordinary American citizen
 
for every 6 , 1 dont have health insurance (50 milion)
 
for every 17 , 1 have income lower than the legal lowest limit (18 million)
 
in the last crisis nearly 60% people go in debit to banks (mostly because of mortgages)
 
30 million people have no reading writing ability..
 
total USA debit (as of 2013 beginning)   17 000 000 000 000 US$
                      yearly tax income          2 250 000 000 000 US$
                              yearly expenses    3 570 000 000 000 US$
                                       deficit        1 320 000 000 000 US$
 
obviously USA is bankrupt.. and no hope for future closing this debit and yearly deficit.. :-\
 
besides the last wars not only made USA bankrupt , it caused a big turmoil on markets (although house market is blamed) together some monetary operations of rich and many people lost their jobs in europe and many countries..  thats the other face of medalion...  :(
 
 
I see only 2 solutions,   nationalize fed , stop wars and stop spending on guns.. :-\

Cem countries that have their own currencies can't go bankrupt as they can always print more. They can therefore debase their currency until it is worthless, like Germany did in the 1920's along with what investors get back for their debts denominated in that currency. The UK is even worse than the US with personal, industry and Government debts about 500% of GDP, the same as Japan! Most indebted is Ireland at about 650%, but currently out of the PIIGS they are the most likely to get through this through a combination of massive cuts in public service costs and low corporation tax, so there are many, particularly US companies, there so they have a positive balance of payments.

The only way the US and the UK can get through this without defaulting is by inflating the debts away. QE is a good way of creating inflation which is why the US and the UK are the main users of it. Japans new government has after 20 years of deflation made a 2% inflation target a top priority and their currency has dropped from 80 to 93 Yen to the US dollar and they may start seeing some growth at last.

The US will get out of their situation with cheap energy supplies from shale gas. Much high energy heavy industry that moved to Asia is now on-shoring back to the US in $30bn of investment. Japanese chemical industries and Europe's BASF have stated they cannot compete on price due to relative energy costs, so they either also on-shore to the US or stop production, either way Japan and Europe are going to lose these industries and jobs.

The UK is drifting into a Sterling crisis with no growth, no austerity to cut the deficit, rising taxes, rapidly rising energy costs (green subsidies, carbon trading and falling exchange rate with energy price in US dollars), falling output, high inflation and falling real wages. The current Government had its chance to sort the situation out, but they needed to dramatically cut public spending and reduce taxes, where the previous Government had increased both by over 30% in real terms. The current Chancellor in charge of the economy is a disaster, his only previous work experience has been entering the details of the deceased on a NHS database and refolding towels in a department store and it shows, he is totally out of his depth. This window of opportunity is now closed and it will be the markets that now decide the UK's fate!  :o :o :o >:( >:( >:(

Unfortunately, it looks like the next Governor of the Bank of England is going to target growth by tracking nominal GDP rather than inflation. This will probably end in tears as the UK has a very bad track record with inflation with a peak of 28% in the 1970's. Over the next few years I wouldn't be surprised if this record is beaten!  :o :o :o :o

You certainly know about high finances Rods2 like I know history!  Very impressive! 8) 8) 8) :y :y :y
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Rods2

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Re: Attack in Ankara
« Reply #42 on: 04 February 2013, 18:24:46 »


A classic mistake many people make is thinking because they are reasonable, then everybody else will be to. History is littered with such people and their failures, where they have made this dangerous and in many cases futile / fatal assumption that had lead to the enslavement of the people by such ruthless masters. A few examples of people, governments and organisations that could / cannot be negotiated with are: Joseph Stalin, Adolf Hitler, Saddam Hussain, Pol Pot, North Korea, Iran, Al Qaeda and the Taliban. The same also applies to the Angry Brigade, Red Brigade and violent animal rights and environmentalists.

When evil people have evil aims and are determined to impose their will and enslave or destroy other people and their societies, then their violence has to be met with equal or greater violence or you lose. There is no other answer or way. I heard all of the answers before about how things should be sorted out by the League of Nations or the UN. Well how effective were the UN in Bosnia or Syria? They are toothless donkeys tigers.

Those leaders / countries could and were negotiated with.  In the case of Hitler the big mistake by Chamberlain was he was too much a gentleman, and did not push the negotiations strongly enough. Hitler was a chancer, and if enough tough resistance had been offered from the start, in Munich 1938, then history could have been very different.

Joseph Stalin did negotiate well with especially the Americans, after of course he was fooled by Hitler into a Pact in 1939.

Saddam Hussein should have been left to his own devices, as there was no need for Western involvement in Iraq, so negotiations over so called weapons of mass destruction were never necessary, and led Bush and Blair into a war that many in Britain, then and now, did not want.

Iran is being held back, although not very easily, by negotiation with many sides involved under the banner of the UN.  Iran knows one slip and the USA, let alone Russia and Israel, could well go on the attack. 

North Korea is,  admittedly another story, but again world pressure, including from their old sponsors the Chinese, is holding back on their reigns. Russia as well is having an effect behind the scenes, so again negotiations by UN countries are achieving that retarding on what N.Korea really wants, but will not get.

The other names you state are of course not countries, as the IRA were not. Negotiations may be too late for some, but there is an intention in certainly Afghanistan that working for a peaceful solution is possible.  As I have said before though massive traditional military ground forces are no good in fighting these gorilla groups.  As the British Army found in N.Ireland, what counted was intelligence and actions by specialised security forces.  Then came the need for peace that the people wanted, and political negotiation did the rest, with the old enemies being given political power via the ballot box.  That is how you act in Afghanistan to achieve long lasting peace, and a young democracy. ;) ;)

This is the point I'm making as only tough resistance such people understand and this is almost always fighting and war as they will go the last mile with this as they think they can win. It is a psychopath, testosterone driven thing and the more ruthless a leader is, the more they tend to have of both. This makes them the most successful to ruthlessly make it to the top and the least suited when they are there to be a leader. Most people only go into a fight or war with the reasonable expectation of winning on their terms, be this the terrorist who would lose a conventional war, so will use surprise with a direct attack on an enemy's weakness and then drift away or indirectly using IEDs etc.

Once their is a commitment to war, aggressive skillful attack is normally the best form of defense using blitzkrieg where you bypass the strong points and mop those up later. Ironic that the British invented the tank and theorist Basil Liddell Hart wrote about such concepts, but it was the Germans that perfected it, with radio communications between tanks being one of the keys and in WWII in terms of effective equipment and field craft the British army never caught up with their German counterparts.

In a defensive situation, the Israelis showed in the Six-Day and Yom Kippur wars, how Blitzkrieg as such a flexible system of exploitation can turn around a poor situation very quickly.
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Re: Attack in Ankara
« Reply #43 on: 04 February 2013, 18:32:09 »

What was it you said EMD...?
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Re: Attack in Ankara
« Reply #44 on: 04 February 2013, 18:40:01 »


Cem countries that have their own currencies can't go bankrupt as they can always print more. They can therefore debase their currency until it is worthless, like Germany did in the 1920's along with what investors get back for their debts denominated in that currency. The UK is even worse than the US with personal, industry and Government debts about 500% of GDP, the same as Japan! Most indebted is Ireland at about 650%, but currently out of the PIIGS they are the most likely to get through this through a combination of massive cuts in public service costs and low corporation tax, so there are many, particularly US companies, there so they have a positive balance of payments.

The only way the US and the UK can get through this without defaulting is by inflating the debts away. QE is a good way of creating inflation which is why the US and the UK are the main users of it. Japans new government has after 20 years of deflation made a 2% inflation target a top priority and their currency has dropped from 80 to 93 Yen to the US dollar and they may start seeing some growth at last.

The US will get out of their situation with cheap energy supplies from shale gas. Much high energy heavy industry that moved to Asia is now on-shoring back to the US in $30bn of investment. Japanese chemical industries and Europe's BASF have stated they cannot compete on price due to relative energy costs, so they either also on-shore to the US or stop production, either way Japan and Europe are going to lose these industries and jobs.

The UK is drifting into a Sterling crisis with no growth, no austerity to cut the deficit, rising taxes, rapidly rising energy costs (green subsidies, carbon trading and falling exchange rate with energy price in US dollars), falling output, high inflation and falling real wages. The current Government had its chance to sort the situation out, but they needed to dramatically cut public spending and reduce taxes, where the previous Government had increased both by over 30% in real terms. The current Chancellor in charge of the economy is a disaster, his only previous work experience has been entering the details of the deceased on a NHS database and refolding towels in a department store and it shows, he is totally out of his depth. This window of opportunity is now closed and it will be the markets that now decide the UK's fate!  :o :o :o >:( >:( >:(

Unfortunately, it looks like the next Governor of the Bank of England is going to target growth by tracking nominal GDP rather than inflation. This will probably end in tears as the UK has a very bad track record with inflation with a peak of 28% in the 1970's. Over the next few years I wouldn't be surprised if this record is beaten!  :o :o :o :o

You certainly know about high finances Rods2 like I know history!  Very impressive! 8) 8) 8) :y :y :y

Thank you Lizzie.  :y :)

I have always had and interest in history, but with history I have tended to concentrate on 20th century military history and with economics it was a passing interest until 2007, when I realized that in my parents generation the biggest threat to their way of life was WWII, where as in ours, the most immediate is economic, so I decided to get a better understanding. I've still got along way to go and I'm always learning new things and I probably now know more than the average person.
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US Fracking and Saudi Arabia defending its market share = The good news of an oil glut, lower and lower prices for us and squeaky bum time for Putin!
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