More on economics

[andrewducker]

It is estimated that the dollar is currently overvalued by at least 40%, burdening the United States with a huge trade deficit. Conversely, the euro-zone does not run huge deficits, uses higher interest rates, and has an increasingly larger share of world trade. As the euro establishes its durability and comes into wider use, the dollar will no longer be the world’s only option. At that point, it would be easier for other nations to exercise financial leverage against the United States without damaging themselves or the global financial system as a whole.
Faced with waning international economic power, military superiority is the United States’ only tool for world domination. Although, the expense of this military control is unsustainable, says William Clark, "one of the dirty little secrets of today's international order is that the rest of the globe could topple the United States from its hegemonic status whenever they so choose with a concerted abandonment of the dollar standard. This is America's preeminent, inescapable Achilles Heel." If American power is ever perceived globally as a greater liability than the dangers of toppling the international order, the U.S. systems of control can be eliminated and collapsed. When acting against world opinion – as in Iraq – an international consensus could brand the United States as a “rogue nation.”

from here

Comments

[heron61.livejournal.com]

If American power is ever perceived globally as a greater liability than the dangers of toppling the international order, the U.S. systems of control can be eliminated and collapsed.

I would cheer if that happened. The world is far too fragile a place to tolerate superpowers, especially irresponsible ones.

[derumi.livejournal.com]

Wait, wait wait... Do I know you too? I notice that Rie's on your list. 9_6

[heron61.livejournal.com]

I've no idea. If you work in the gaming industry, then the odds that I have met you are exceptionally high. Off-line, I'm John Snead.

[spaj.livejournal.com]

Which makes the UK's determination to join the Euro, against the will of it's populace fairly ironic. Doubly ironic since so many of them were against the war in Iraq.

Tee Hee! All we need to do now is Get Russia into Europe, then China, Japan, Korea, and the middle east. Eventually, "Europe" will be everyone who's not America. And we can sell them oil at whatever price we want, since we'll be bigger than them. Maybe then we can have a bill-hicksian future?

Adam

[derumi.livejournal.com]

I'm Ken Bashaw. Hmm... If I knew you, I didn't know your last name, but I lived in Portland and know Rie and one circle of her friends. Still, pretty small world on LJ.