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

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To: Webster Groves who wrote (71094)	11/11/2007 12:45:06 AM
From: elmatador	Read Replies (1) of 116555

The US, of course. 2/3 of all scientists and engineers were directly and indirectly involved in the defense business. California itself was a defense business state. Oh, the early 90's were really exciting years! After Cold War there was even talk of a 'peace dividend'. Defense industry consolidated and a plethora of technologies -previously classified- were free for civilian uses. Imagine the effect of stopping pumping money into Europe to keep troops, bases and materiel there since the Russians were not coming. The Europeans quickly did a "Europe 1992", opened the markets and started thinking about a single currency. Geopolitically speaking: -The World Bank no longer had to loan money to buy good behavior. -No need for an Indonesia Suharto to keep the Malacca Straight. -Strategic countries fell apart, S. Africa. -The Horn of Africa was abandoned. -No need for Subic Bay and Clark in the Philippines etc etc People soon discovered that they no longer had to pretend to work while governments pretended to pay them... Oh, it was cold outside the COMECOM. Ask the Poles! Voila! Globalization! Pluto? Uhm, a country that has lots of sheep in the South hemisphere, near the South Pole, a.k.a the Kiwis.

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