Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: regli who wrote (24333)	2/25/2005 7:11:57 AM
From: Earlie	Read Replies (2) of 116555

Regli: Good comments. With respect to the global perspective on the US military might,.... that might be changing. It doesn't take rocket science to recognize that the US simply can't afford to maintain its current military strength. Global jurisdictions that might want to see that military "downsized" dramatically, need only cut back on their purchases of US Treasuries and "voila!". And of course, those same jurisdictions have reasons to not just cut back on Treasury purchases but actually sell Treasuries, including a desire to maintain the current (albeit already falling) buying power of their hard-earned "reserves". As the US economy succumbs to the coming "recession", dramatic cutbacks in US military expenditures are inevitable. Russian subs rusting in their pens provide a modern day example of what the future holds. Military hardware is expensive to manufacture, maintain and operate. When you can't afford it (and others won't lend you the dough to keep it), Ebay awaits,.... ("You are bidding on a almost new F-16 aircraft. It has only been flown on Sundays, etc., etc."). Best, Earlie

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