We did all during the cold war era, we were fighting and selling arms all over the world. At any time during that period it was truly hair raising to list all the bush wars and insurrections that were going on, there would be as many as 40 at any given time. The US economy did well all during that time except when we got oil shocked by those Iranian kooks...
this is one of the most least understood topics that we discussed in B School. technically speaking the Treasury prints or creates money and gets it started. technically speaking they make untold sums of money as a result of their initial creation process, and they have expenses of growing and mixing the linen, paper trees, protecting the US Treasury and Secret Service agents, as well as securing their buildings, vaults and facilities. The reality is those are accounting annommolies and are part and parcel of the federal budget, and payed for through taxes, in general. They really don't earn or make money on the printing process, however, they are accredited with the net value of the amount printed, as if it were revenue, and this helps to create and balance their books. In reality they are a next expense to the American taxpayer in providing a stable currency for transactions to be denominated in, and a part of the government doing business. those distinctions seem as fine a line as can be drawn but at least attempt to clarify the misconceptions that are so frequently made, and there in lies the differences....
Absolutely disgusting imo - a controlled bankrupting of a country in action while most only sit by and watch.
the presumption is you too sat by and watched, short of being in a position of power, then what could the electorate (read: citizen) do, but wait until they could respond.... what is certain is our work is cut out for us, going forward, what will be surprising is if the trading environment will survive as we know it..... the structural damage done to the infrastructure is severe, in all reality..... they will be studying this in B School for a generation to come....
imo, cant really blame G Bush n Republicans totally. Think about what could have happened if they dont act on terror. More terrors like a major one could threaten the econ. Certainly, Iraq oil benefits us directly indirectly?...
looks like they`ve fooled you too.........war on terror..i think not......war on the American people/middle class is more like it while natural resources are being stripped in Iraq & Afganistan in oil & opium....win/win situation for gov`t....lose/lose for the people. another war mongering filthy texan republican in GW......40 years earlier was LBJ in Vietnam......see the pattern?
As we never have a REAL choice of a candidate (beyond the standard Giant Douche or Turd Sandwich), we're never really voting to elect a leader.... it's just a change in the asshole who gets to wield the national credit card.