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The United States defaulted big time when FDR changed the value of the dollar from 1/20 an ounce of gold to 1/35. That was a default on nearly half our debt, in total violation of the "gold clause" in debt contracts. Talk about abusing our power!
His action pissed off all of our debtors, including our allies.
But nobody invaded.
The United States defaulted again when Nixon converted the dollar into a fiat currency.
And nobody invaded.
http://www.nytimes.com/2012/03/27/technology/australia-bars-huawei-from-broadband-project.html?_r=0Australia has blocked Huawei Technologies of China from bidding on contracts in the $38 billion Australian National Broadband Network, citing security concerns, Huawei said Monday.
We were informed by the government that there is no role for Huawei in the network, said Jeremy Mitchell, a spokesman in Australia for Huawei, one of the worlds largest suppliers of telecommunications equipment.
The Australian plan is the largest infrastructure project in the countrys history. It is intended to connect 93 percent of homes and workplaces with fiber-optic cable, providing broadband service in urban and rural areas.
Basically it's a more realistic Red Dawn.
