The Political Spectrum Explained
Actually, I'm not really Libertarian. I'm a 19th Century Jeffersonian, Acton, Liberal. I believe passionately in Individual Liberty, of course.
Amero-centric? What the heck does that even mean? That we should just stand by and take it? Letting China, and Russia undermine the dollar further is an attack on the US. Mu thinking is that you see this as a good thing largely because you agree with a Socialist-Communist mindset.
Why should it not? The USD has historically been the de facto international currency, but times have changed.
I love the smell of face-palm in the morning!
"You ain't no Muslim bruv!"
You know, sometimes other countries do things that arent solely to benefit or detriment us.
'I believe that, as long as there is plenty, poverty is evil.' - Bobby Kennedy
Nations that hold massive currency reserves can be considered currency manipulators. For example, US foreign currency reserves are around 1% of US GDP. In China, they are in excess of 50% of their GDP.
It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
"Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911
I'm less concerned about their dive in/out of using our currency - seeing as how many other countries don't use it, either, I really don't comprehend the implication and can't realize if it's good or bad. (ignorance yes - bliss maybe).Wen said at the press conference that the partnership between Beijing and Moscow has "reached an unprecedented level" and pledged the two countries will "never become each other's enemy".
Over the past year, "our strategic cooperative partnership endured strenuous tests and reached an unprecedented level," Wen said, adding the two nations are now more confident and determined to defend their mutual interests.
"China will firmly follow the path of peaceful development and support the renaissance of Russia as a great power," he said.
But this part I quoted is notably disturbing to me.
If our one major fall-back bailout ally is now saddled with our constant grudge then what does that make them - and what does that make them and us?
I think we're going to suffer the consequences of assuming we're "squared away with Russia" - and I note the significance behind this announcement coming *from* St Petersburg.
A screaming comes across the sky.
It has happened before, but there is nothing to compare it to now.Pynchon - Gravity's Rainbow