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Old 11-11-2008, 05:02 PM
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kgun kgun is offline
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Default Re: Bailout, the $700 billion dilemma and world markets

Quote:
Originally Posted by cw1865 View Post
Astute, as usual. Global problems naturally call for global solutions. Your analogy to a ship is well taken, not only is the ship sinking, but it has more than one captain.
But only one captain on this ship USS George H. W. Bush (CVN-77) is the tenth and last Nimitz class supercarrier of the United States Navy. How much did they cost?

The danger with such "toys" is that there is a tendency to use / test them, like the rocket shield in Eastern Europe. It has its own logic and dynamics. Now Napoleon and Hitler have been on a visit to Russia. Don't look at the army that go in. Look at the army that returns.

Quote:
Originally Posted by cw1865 View Post
In the future, this represents the single largest threat to national sovereignity. Whereas in the past it was military conquest, the future may well see a 'surrender' couched in terms of a legal delegation of authority to global entities.
Mr. Market is as I have told repeatedly, the worst dictator you will ever meet.


Quote:
Originally Posted by cw1865 View Post
For larger countries, this is a concern, for smaller countries its even a greater concern inasmuch as their national individuality will dissolve like a sugar cube in a cup of coffee.


Yes, there are at least three countries that can close their borders. In alphabetical order:
  • China.
  • Russia.
  • USA
Norway, with about 50 % openenss will sink (are sinking) with the big ship (the global economy).

Last edited by kgun; 11-11-2008 at 07:39 PM.
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