Just the Facts, Ma'am: A Compendium of Liberal Fiction Message Board

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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: Rarebird who wrote (15525)	9/6/2004 4:01:04 PM
From: Lazarus_Long	Read Replies (2) of 90947

Start here: Message 20492246 the US stands with a huge global military preponderance. Yup. Not by accident either. Or by robbing its citizens of a decent standard of living, as your heroes the Soviets did. The problem is that economically, it cannot keep this force going for long, based upon its own INTERNAL economic resources. This is illustrated by the fact that it is the rest of the world which produces most of all the consumer goods which Americans currently consume. See that link above. Until you refute that, you're full of it. In addition, the US is now so externally dependant on oil and (increasingly) natural gas imports, that if it were to try to sustain itself on its own internal supplies, it would falter in short order. Know something? We heard this in 1973, at the start of the FIRST OPECC oil embargo. It's 30 years later and you're STILL wrong. The worst thing OPEC ever did to itself was that embargo. That everybody else out looking for oil. And they found it. And don't give me "reserves" arguments. Ever hear of "The Limits To Growth" by "The Club Of Rome"? It PROVED in the 1970s that by 2000 we would FLAT OUT of oil. Nada. Zilch. Nothing left. Monetarily and financially, the US would stand globally next to monetarily naked IF the rest of the world chose a different reserve currency or a commodity currency. And take how big a hit and do what to their own currencies as they dumped US$ wholesale and brought some other currency in huge quantities? How stupid do you think every one else is? Hey, we're not all liberals, you know. If the US were to face an event of near global unacceptability for its US Dollar as a reserve currency, the current US capacity to continue to borrow about 80 percent of the rest of the world's monetary savings would end immediately. See above. Also, there are resons foreigners like to park their money here. One is the LONG TERM growth of the American economy. And they can get their money back easily. And we have a stable democratic gov't. The consequent crash in international value of the current US Dollar would be an immense event. Once it was over, Americans would have to pay the real economic cost of desired imports instead of just borrowing to buy them or printing more US Dollars to "pay" for them. You fail again to take acount of the long term growth of the US economy. On a global basis, the US is already a busted flush. It now requires an inflow of about $US 2 to 3 Billion every day simply to continue to function financially as well as economically and to postpone the day when it will have to meet its own total financial needs solely from its own internal financial resources. Do you believe the people lending that $2B to $3B are total idiots who never expect to get their money (with interest) back? Really? Are you smarter than all of them? Here's the Bottom Line: The Bush Administration's policy cannot succeed. The economic means to sustain it are NOT there. The bottom line is that you need to take a break and take a wider and closer look at the situation.

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