To: GUSTAVE JAEGER who wrote (11435 ) 6/10/1999 11:49:00 AM From: MNI Respond to of 17770
I fear that John will not take for granted that the US will get back the money value of their share of the war cost by the newly fired European economy, Gustave. Also he might be mislead by the novelty of the Dollar losing value against the Euro. We should take away his fears. It will not go on like this, and in the long range this war's money balance will be positive for the US. Firstly, the bombs and airplanes used were mainly US built, the materials and fuels US goods. The US government money flows back into US companies, giving job opportunities, paying bills. The expectation of this cashflow boosted the US stock exchange during the last weeks. Also the globally broadcasting American news channels and communication industries will have had exceptionally good revenues during the last 80 days. Advertising and entertainment work better during exciting times. As a consequence, a small dip of the stock rates should be expected for the US at the end of the shooting. But it will not have a long time effect, as the US will have a reduced long term participation in peace-keeping forces (a pity, IMO), and, more importantly, because the scale of the military confrontation in Kosovo is much smaller than Vietnam was. Mind, it just took three months, and for the US it may have been the bigger part already. Also the British took quite a part of the bombing cost (it must be viewed as an investment for the British, too). And if the rebuilding of Yugoslavia or some of her parts really have a good effect on European economy (I won't comment on this supposition of Gustave), the US export to Western Europe will grow, indirectly donating money to the US again. More importantly, the military success gives new market opportunities to the US worldwide. The effectivity of the US to fight through their interest is noted worldwide. Afterwards partner countries that might have become insecure partners after a while will now be more calculable, when it comes to paying back a debit. So one day we will see: US state purse money was used efficiently.