Monday, October 27. 2008
Al-Qaida Waging Coldwar-like Economic Battle?
Does it seem to anyone else that the massive amounts of debt caused by our wars in Afghanistan and Iraq in the name of the War on Terror is similar to the massive amounts of debt Soviet Russia went into during their Coldwar build up of nuclear arms? I mean, if you were Bin Laden or someone else who wanted to destroy the most successful and prosperous country in the world where would you hit them? Exactly where it matters to Capitalists-- in the checkbook.
Now, of course there are other economic factors at play here and we are by no means ready to fall and be conquered. However, it's better we deal with the outrageous spending and debt occurring in the U.S. now then weaken our position more. Yeah, this economy sucks right now and it's going to take some years to recover. Good to recover than fall, though.
Anyway, just something that's been on my mind and thought I'd try to stir up some discussion on.
Now, of course there are other economic factors at play here and we are by no means ready to fall and be conquered. However, it's better we deal with the outrageous spending and debt occurring in the U.S. now then weaken our position more. Yeah, this economy sucks right now and it's going to take some years to recover. Good to recover than fall, though.
Anyway, just something that's been on my mind and thought I'd try to stir up some discussion on.
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This is a personal finance blog for young professionals learning to manage money, to become financially independent, and to give back to the world. (more)
Hi, I'm Alex Fisher-- an Entrepreneur and Engineer in Metro Detroit.
If you have any questions, comments, or suggestions please feel free to contact me or visit my personal site AlexFisher.net.
Hi, I'm Alex Fisher-- an Entrepreneur and Engineer in Metro Detroit.If you have any questions, comments, or suggestions please feel free to contact me or visit my personal site AlexFisher.net.
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http://gawker.com/5068535/whassup-remix-changes-things
But somehow I think their main objective was to wage a physical war, not so much of an economic one. Breaking down the world's economy could be a bi-product result (planned or not) but I don't think that was the primary objective.
Interesting thought though. I do remember the USSR having similar plans during the cold war. Well I don't REMEMBER it, but I did hear about it, obviously...
I do not see the reason for what is going on in the USA economy today in actions of Al-Qaida. They probably hate your/our guts but you can not blame them for everything. The free citizens have to share the blame for they have done.
I see the issue as 100% believe in a free market. With all do respect to Allen Greenspan it was almost heartbreaking seeing him in court saying that the economy is breaking down because he was naive and believed in free market. Russians have a saying "Trust, but always check". Regulations are necessary. The great example of regulated capitalism was and still is Marshal's plan that got Europe from ruins into prosperity.