Where will China and other nations invest as the U.S. dollar continues to fall?

April 15 2008 / by Accel Rose / In association with Future Blogger.net
Category: Economics   Year: 2008   Rating: 4 Hot

Futurist Patrick Dixon compellingly argues that the global economic environment is ripe for Chinese investment in bargain priced banks and U.S. property holdings:

Dixon asserts that it is in U.S. interests to allow direct Chinese investment, lest the rising economy allocate its money elsewhere.

He also expects sovereign wealth fund managers representing other powerhouse economies to diversify into technology, pharmaceuticals, manufacturing, mining and oil industry if prices continue to fall.

Chinese Armored Brigade Runs Into Technical Glitch, Loses Fake Battle

November 19 2008 / by John Heylin / In association with Future Blogger.net
Category: Gadgets   Year: 2008   Rating: 2

In a recent mock battle between two armored brigades (“Red” and “Blue”) in the Chinese Army, the Red Army was the victim of a virus attack which erased all their orders for re-supply.

“During the exercise, the Red Army basic command post, command and control station, received information from the main attack force that 3/4 of their ammunition had been depleted. A resupply order was immediately sent to the rear command post. However, after transmission, the order form appeared blank.”

Follow-up requests for ammunition were answered with the response that the request had been processed. The Red Army eventually lost the exercise once their ammunition ran out. It makes one wonder if all the money we’re pouring into the latest military gadgets could be compromised by a programmer working on a virus that would cost a few thousand.

It’s crazy to think that an army could be waylaid by a computer virus, but with our increasing reliance on technology for better and more efficient armies is was only a matter of time. You may have heard about how when Russia invaded Northern Georgia they preceded the attack by hacking Georgian systems as well as flooding Georgian government sites, shutting them down. There’s no doubt that cyber attacks are now a part of a nations battle-chest. This is the future of war.

via The Dark Visitor