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Originally Posted by Lothar5150
As much as you might like to see us go down economically, I think you should look at the real economic numbers. Our current debt is 64% of GDP....
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Nevertheless, thanks for the lecture on Macro-Economics  ...see the eyes that is sarcasm |
AFAICT this is a response to Kobuchi's
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Because oil is the dominant commodity traded worldwide, and because your US dollar is the international currency used in oil trade, your country just keeps printing dollars (debt) which everyone needs to buy their oil with. America prints dollars at whim (fiat); the rest of the world trades you (and each other) those slips of paper for real value. That's brought about a complex in global finances called dollar hegemony
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Yes? If so, you haven't answered his point of the US invasion being a response to this "dollar hegemony" being threatened. (apologies if I'm mis-construing this comment as a reply to that).
Back when the US was ramping up to invasion, when there were street protests
before the war, this seemed like the most likely reason for this rush to war, not the series of lame reasons that we got, one after another, until it was finally "support our troops". When we get to "dollar hegemony, it's economics, of course - where there are several conflicting answers for every question
BTW, I'm a
fiscal conservative, too. How exactly is the current administration being fiscally conservative? Or do you figure the point of deflating the dollar to be an attempt to reverse the current balance of trade? Didn't we once have a balanced budget? Where'd
that go?