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> "Europe could probably defeat the US in a war" USA's military budget is much higher than the sum of all other nations military budgets while it includes only
by JPLeRouzic 9mo ago
> "Europe could probably defeat the US in a war"
USA's military budget is much higher than the sum of all other nations military budgets while it includes only 5% of world's population.
Roughly near $900 Billions versus $500 Billions Dollars in 2023.
https://www.nationalpriorities.org/blog/2023/05/04/us-still-spends-more-its-military-over-144-countries-combined/ https://www.nationalpriorities.org/blog/2023/05/04/us-still-...
https://www.pgpf.org/article/the-united-states-spends-more-on-defense-than-the-next-9-countries-combined/ https://www.pgpf.org/article/the-united-states-spends-more-o...
- fjfaase 9mo agoIn case of a war, the USA will go broke due to the enormouse state dept and the USD will crash. That dept is largely owned by EU countries and the PRC due to trade deficits.
- JPLeRouzic 9mo agoThat the USD may crash during war time is not important, it's not the same economic rules that apply during war time and if USA wins that crash will not be important. But from now most nations and other economic investors will be hesitant to buy USA's debt, as its behavior is less and less predictable. The main problem is what to buy instead.
- Zigurd 9mo agoCorrect. Europe could adopt Keynes's "bancor" within months and that would be more devastating than dropping a bomb on DC.