Legion, I think that the dollar as a reserve currency has made sense up till now, but the migration away from it as the primary reserve currency doesn’t make sense endlessly into the future and isn’t necessarily bad. I don’t see that as a sign of nefarious intent. The head of the World Bank is always throwing out new ideas about this — as more trade takes place in these currencies ( and reserve currency shift can’t happen until it trades freely which is ALSO a good thing and would eliminate all the issues with China having a mispriced currency) it makes sense that more reserves are held by banks in other international currencies.
posted by DH:
“not really. i don’t agree with any point you made.”
Sorry to hear that, but the historical truth does support much of what I posted.
From Teddy Roosevelt’s “White Fleet” trip around the world to the Marshall Plan.
posted by DH:
“how is cutting military spending synonymous with leaving ourselves open for attack?”
The answer to this is self–evident. See current Korean Cease Fire for more on this.
Cross-reference with Taiwan-Chinese tension and Japanese-North Korean tensions.
posted by DH:
“can’t we maintain our power without using it (by getting involved with expensive, pointless conflicts)”
I don’t disagree with this statement. Unfortunately, military technology is like Apple computers, as soon as a new model is developed, the next one is already coming out of research and development.
posted by DH:
“because we spend more on defense today, does that mean we are safer than we were in 2000?”
Not entirely, but at the very least it holds back the complete collapse of our societal structure. See again, USSR.
posted by DH:
“that spending is going to rebuild infrastructure in iraq (that we destroyed) that promptly gets blown up by some homemade truck bomb.”
I’ve posted that I agree we should get out of Iraq and Afghanistan and Libya leaving behind strategic bases and air craft carriers.
posted by DH:
“but by all means – lets have our dicks appear bigger than the rest – we’re big bad america”
Reducing the reality of military power and geopolitics to a penis competition is wrong in that it ignores so many other factors but right in that human nature is ultimately at the root of our circumstances.
Sorry, but we spend relatively little as a function of GDP on defense. Are navy needs to be a bit bigger for comfort.
The military isn’t a place to skimp. Lets “skimp” instead on education. We are #1 or #2 on education expenses, but don’t have nearly the #1 or #2 education ranking. Lets go austerity on education, and put a bit of the difference into a bigger navy, and just not spend the rest.
Finally! benson posts something with which I agree!
🙂
“Why is it a mystery?”
brooklyncouch,
I realize you are an infrequent poster here,
but you do understand that I often write
figuratively as opposed to literally?
I belive this administration is on the wrong track.
See my posts above.
I think world peace would break out if every building had a cornice.
Please ignore the couch oops I mean troll.
My parting note:
You are all NUTS. Good night.
Legion, I think that the dollar as a reserve currency has made sense up till now, but the migration away from it as the primary reserve currency doesn’t make sense endlessly into the future and isn’t necessarily bad. I don’t see that as a sign of nefarious intent. The head of the World Bank is always throwing out new ideas about this — as more trade takes place in these currencies ( and reserve currency shift can’t happen until it trades freely which is ALSO a good thing and would eliminate all the issues with China having a mispriced currency) it makes sense that more reserves are held by banks in other international currencies.
posted by DH:
“not really. i don’t agree with any point you made.”
Sorry to hear that, but the historical truth does support much of what I posted.
From Teddy Roosevelt’s “White Fleet” trip around the world to the Marshall Plan.
posted by DH:
“how is cutting military spending synonymous with leaving ourselves open for attack?”
The answer to this is self–evident. See current Korean Cease Fire for more on this.
Cross-reference with Taiwan-Chinese tension and Japanese-North Korean tensions.
posted by DH:
“can’t we maintain our power without using it (by getting involved with expensive, pointless conflicts)”
I don’t disagree with this statement. Unfortunately, military technology is like Apple computers, as soon as a new model is developed, the next one is already coming out of research and development.
posted by DH:
“because we spend more on defense today, does that mean we are safer than we were in 2000?”
Not entirely, but at the very least it holds back the complete collapse of our societal structure. See again, USSR.
posted by DH:
“that spending is going to rebuild infrastructure in iraq (that we destroyed) that promptly gets blown up by some homemade truck bomb.”
I’ve posted that I agree we should get out of Iraq and Afghanistan and Libya leaving behind strategic bases and air craft carriers.
posted by DH:
“but by all means – lets have our dicks appear bigger than the rest – we’re big bad america”
Reducing the reality of military power and geopolitics to a penis competition is wrong in that it ignores so many other factors but right in that human nature is ultimately at the root of our circumstances.
;o)
Sorry, but we spend relatively little as a function of GDP on defense. Are navy needs to be a bit bigger for comfort.
The military isn’t a place to skimp. Lets “skimp” instead on education. We are #1 or #2 on education expenses, but don’t have nearly the #1 or #2 education ranking. Lets go austerity on education, and put a bit of the difference into a bigger navy, and just not spend the rest.
CGar don’t be a Fool On The Hill.
Day after day
Alone on a hill…
http://www.youtube.com/watch?v=y0AcHR_0PzU