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this has very little impact on the strength of the dollar. if anything, it's a better signal of Russia's economic weakness (in the face of sanctions) than a pow
by throwadobe 2y ago
this has very little impact on the strength of the dollar. if anything, it's a better signal of Russia's economic weakness (in the face of sanctions) than a power shift in favor of the Yuan.
forgoing foreign bases and limiting the US military presence to domestic only is such a ludicrous take that I'm willing to bet would have you laughed out of any room discussing defense.
- mark_l_watson 2y agoWell, organizations making large profits would like to laugh me out of the room. Next to tech stocks, ‘defense’ stocks are my second largest basket of stocks. I don’t expect that these companies will stop making large profits for the near future, but I keep an eye on my investments. I find it interesting, in general, in this thread, that so many people dismiss what on the surface is a contrarian view (i.e., drastically reduce our overseas military presence), without more open debate. Maybe my idea is wrong, but I feel it is worth a conversation.
- throwadobe 2y ago> drastically reduce our overseas military presence for what? a smaller deficit? it's unclear whether reducing the size of the defense industry helps the US economy, so maybe you get a smaller deficit but you also raise unemployment by a couple % and lower economic growth by a % or so over the next 25 years conversely, it's pretty clear this does hurt its current hegemonic position. that's a gamble not many are willing to take so carelessly I say this as a non-American, by the way