The Real War between the US and Russia is, at bottom, a monetary war. But that means that it is essentially an economic war. Tom Luongo, and others of like mind, speak of inside money, which is characteristic of rent seeking, and of outside money, which is based in the real wealth of tangible commodities. By that measure Russia is a very wealthy country, indeed—and yet it’s common to read disparaging articles about Russia, comparing its economy to the economies of relatively minor players in the global economy. What gives? I’ve found a thread that explains—or purports to explain—the illusions behind such comparisons. The conclusion from this is that the US and the EU will pay a heavy price in the New World Order for having outsourced their manufacturing sectors. This will become apparent as King Dollar loses its privileged status as the world’s reserve currency.
This is probably an oversimplification from an old fart who doesn’t know very much but likes to read lots of different kinds of stuff and thinks about what’s going on. If what these guys are saying and Russia and China’s economy’s are actually bigger and stronger than the us why is it immigration still mostly runs this way and not that way? Seems to me actual people still vote with their feet wherever they can.
My impression, without doing any research to back it up, is that the US earns a lot from agriculture, passenger planes, weapons of war based on our 800 lb. gorilla military that runs a sort of global protection racket, energy and other mineral resources. Those are all hard objects but not nearly enough to make up for everything we've outsourced for cheap labor to support the guns 'n' butter, inflation fed economy we've put in place. The ability to export inflation is, of course, also a key part of the protection racket we run. The idea that social media corps. and Wall St. rent seeking and other such nonsense somehow contribute hugely to a viable economy of a country like the US seems baseless to me. Without King Dollar we'd have to repay our debts or go through bankruptcy. The first is pretty much impossible, anyway. Hollowing out the manufacturing basis in a country as populous as the US seems a recipe for utter disaster to me.
I want to thank you for bringing us back down to earth with this column. We are all so consumed with politics that the real world gets neglected. Does anyone know how we calculate GNP these days? During the Obama years I remember reading that an important part of GNP was the intellectual content generated by Hollywood, apart from any monetary profits. It was worth a laugh at the time. It got deadly serious when all sorts of intangibles were calculated as capital. President Trump reversed the trend and made us productive and competitive, not only energy independent but energy exporters, kept us out of wars at the same time as he was stabilizing Afghanistan and honing our military effectiveness. These are the real reasons I consider him a great President, yet every time I say something nice about him everybody reminds me of his political shortcomings. Maybe he considered the health of the Nation more important?
American Thinker has an article claiming Russia has been laying the groundwork for years. Playing chess, vs checkers indeed.
https://www.americanthinker.com/articles/2022/04/why_brics_and_mint_might_save_russia_and_sink_the_us.html
This is probably an oversimplification from an old fart who doesn’t know very much but likes to read lots of different kinds of stuff and thinks about what’s going on. If what these guys are saying and Russia and China’s economy’s are actually bigger and stronger than the us why is it immigration still mostly runs this way and not that way? Seems to me actual people still vote with their feet wherever they can.
My impression, without doing any research to back it up, is that the US earns a lot from agriculture, passenger planes, weapons of war based on our 800 lb. gorilla military that runs a sort of global protection racket, energy and other mineral resources. Those are all hard objects but not nearly enough to make up for everything we've outsourced for cheap labor to support the guns 'n' butter, inflation fed economy we've put in place. The ability to export inflation is, of course, also a key part of the protection racket we run. The idea that social media corps. and Wall St. rent seeking and other such nonsense somehow contribute hugely to a viable economy of a country like the US seems baseless to me. Without King Dollar we'd have to repay our debts or go through bankruptcy. The first is pretty much impossible, anyway. Hollowing out the manufacturing basis in a country as populous as the US seems a recipe for utter disaster to me.
I want to thank you for bringing us back down to earth with this column. We are all so consumed with politics that the real world gets neglected. Does anyone know how we calculate GNP these days? During the Obama years I remember reading that an important part of GNP was the intellectual content generated by Hollywood, apart from any monetary profits. It was worth a laugh at the time. It got deadly serious when all sorts of intangibles were calculated as capital. President Trump reversed the trend and made us productive and competitive, not only energy independent but energy exporters, kept us out of wars at the same time as he was stabilizing Afghanistan and honing our military effectiveness. These are the real reasons I consider him a great President, yet every time I say something nice about him everybody reminds me of his political shortcomings. Maybe he considered the health of the Nation more important?