The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (40309)	7/22/2011 9:54:16 PM
From: Giordano Bruno	1 Recommendation Read Replies (2) of 71475

They ain't too bright. USA > Spending 2010: $698 Billion > Change 2001 – 2010: 81.3% > Share of GDP: 4.8% The United States spent just under $700 billion on its military in 2010, more than all the other countries on this list combined. The amount of GDP which goes towards defense has also risen in the US from 3.1% in 2001 to an estimated 4.8% in 2010. This is the highest amount among countries with reliable military spending data outside of the Middle East. Even with the country’s large debt, military spending seems to be untouchable in the political realm. As the Stockholm International Peace Research Institute’s report says: “President Obama’s FY2012 budget announced a 5-year freeze on non-security-related discretionary expenditure, but military spending, along with other security spending such as intelligence and Homeland Security is exempt.” Read more: The Ten Largest Military Powers In The World - 24/7 Wall St. http://247wallst.com/2011/04/14/the-ten-largest-military-powers-in-the-world/#ixzz1StBuzgXb

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