Does she have a point here? Do we need tanks in this day and age? I dunno. Hypersonic weapons. Space weapons. They kinda make tanks look old school if you think about it. Is the defense sector a short on a Biden win? There's certainly a pile of money there that could be re-appropriated elsewhere. What's that defense sector ETF stoney? ITA I think. Lemmee look at this thing and its components. In the meantime, here's Hillary's thoughts on the matter. ____________________ Hillary Clinton calls on Pentagon to slash spending on F-35 stealth fighters, tanks, aircraft carriers and nuclear weapons and says they WON'T help in a war with China as she warns 'deep savings' in the military budget must be found Clinton penned a lengthy column on defense policy for Foreign Affairs magazine In it, she argues much defense spending should be shifted to 'domestic renewal' Clinton argues that military spending is out of line with current world threats Notes that China has 'asymmetric' capabilities that could take out carriers Believes that large land wars are no longer a possibility in the modern world Says domestic supply chains, climate change and pandemics are bigger threats In a separate essay, she argues Joe Biden is the best candidate to 'right the ship' By Keith Griffith For Dailymail.com Published: 23:03 EDT, 9 October 2020 | Updated: 23:50 EDT, 9 October 2020 Hillary Clinton has called on Congress to slash the Pentagon's budget and shift funding to 'domestic renewal' and foreign diplomacy, arguing that expensive weapons systems from the Cold War and war on terror are no longer needed. In a lengthy essay published in Foreign Affairs magazine on Friday, the former secretary of state laid out her vision for restructuring U.S. defense spending, while accusing the Trump administration of mismanagement. 'Today's competition is not a traditional global military contest of force and firepower,' Clinton wrote. 'Dusting off the Cold War playbook will do little to prepare the United States for adversaries that use new tools to fight in the gray zone between war and peace, exploit its open Internet and economy to undermine American democracy, and expose the vulnerability of many of its legacy weapons systems,' she continued. Hillary Clinton has called on Congress to slash the Pentagon's budget and shift funding to 'domestic renewal' and foreign diplomacy She argued that the Lockheed Martin F-35 Lightning II (above) is the 'poster child for this political reality' after running over schedule and over budget Clinton argued for slashing funding for some of the American military's most expensive weapons systems and embracing 'a broader approach that encompasses threats not just from intercontinental ballistic missiles and insurgencies but also from cyberattacks, viruses, carbon emissions, online propaganda, and shifting supply chains.' She said that expensive American weapons systems are ill-suited for a military confrontation with China, which she said has developed 'asymmetric' capabilities that could easily challenge technically superior arms. 'While the American military was fighting costly land wars in the Middle East, China was investing in relatively cheap anti-access/area-denial weapons, such as antiship ballistic missiles, which pose credible threats to the United States' expensive aircraft carriers,' Clinton wrote. 'China's advances mean that the United States' air and sea superiority in the region is no longer ensured,' Clinton continued. 'This isn't competition from a military equal but a new kind of asymmetric threat. Americans learned in the sands of Afghanistan and Iraq that asymmetry can be deadly, and the same is true in the skies and seas of East Asia,' she wrote. Clinton said that expensive American weapons systems such as the Nimitz-class aircraft carrier (above) are ill-suited for a military confrontation with China, which she said has developed 'asymmetric' capabilities She argued that the Lockheed Martin F-35 Lightning II is the 'poster child for this political reality.' 'Development of the plane ran way behind schedule and over budget, and it is estimated to cost $1 trillion over its lifespan, yet it is considered untouchable,' Clinton wrote. 'The air force sank so much time and money into the project that turning back became unthinkable, especially since the F-35 is the only fifth-generation aircraft currently being manufactured in the United States,' she said. Clinton argued that money saved by slashing the Pentagon's budget could be redirected toward diplomacy, research and innovation, and bolstering domestic supply chains for a range of critical materials and technology. 'Deep savings—potentially hundreds of billions of dollars over the next decade—can and should be found by retiring legacy weapons systems,' Clinton wrote. In one example, Clinton suggested that the Lima Army Tank Plant in Ohio could be retrofitted to pivot from producing Abrams tanks to 'clean electric vehicles.' Clinton suggested that the Lima Army Tank Plant in Ohio (above during a Trump visit) could be retrofitted to pivot from producing Abrams tanks to 'clean electric vehicles' She argued that large land wars are thing of the past, and that military leaders themselves have said they do not need so many heavy tanks. 'Instead of heavy tanks, the military should be investing in tools that will give troops an edge in the conflicts of the future, including upgraded communications and intelligence systems,' Clinton wrote. Clinton also suggested that the U.S. should reduce the size of its nuclear arsenal and pursue a 'newer and fewer' approach. 'For starters, [America] should not be deploying low-yield nuclear warheads on submarines or nuclear-armed cruise missiles, which expand the range of scenarios for the use of nuclear weapons and increase the risk of a misunderstanding escalating quickly into a full-blown nuclear exchange,' she wrote. 'Nor should the United States spend $1 trillion over the next 30 years on its nuclear arsenal, as is currently planned.' A Minuteman III missile is seen in its silo. Clinton also suggested that the U.S. should reduce the size of its nuclear arsenal Clinton blamed 'right-wing ideological resistance,' mismanagement by President Donald Trump, and intransigence in the 'military-industrial complex' for allegedly steering U.S. defense spending down the wrong path. 'It's time for ambitious industrial policies,' Clinton wrote. 'Massive new investments in advanced manufacturing and R & D will be expensive, but they are necessary for the United States' long-term economic and security interests and will pay off for years to come.' In a separate essay on Medium Friday, in which she endorsed Democratic presidential nominee Joe Biden, Clinton described the process behind writing the Foreign Affairs essay. 'I spent a lot of time with my longtime collaborator and thought-partner-in-crime Dan Schwerin thinking about how Trump's failures as commander-in-chief have made America less safe, how some of these problems actually go back decades, and how a Biden administration could right the ship,' she wrote. 'Defeating Trump in November is just the first step in digging out of the deep hole he's put America in. Joe's call to 'build back better' after the pandemic should apply to our foreign policy as well as our economy.'
"Clinton suggested that the Lima Army Tank Plant in Ohio (above during a Trump visit) could be retrofitted to pivot from producing Abrams tanks to 'clean electric vehicles'." "....hey Sarge... you got an adapter handy?"
The military is at a cross roads for sure. Hypersonic weapons makes a lot other stuff useless. The real future is in these space based weapons. But SpaceForce? That's a big joke. There's certainly a pile of money there that could be re-appropriated elsewhere.<--- Yea Take that Space Force and build some roads! The reality on the ground is special forces like, we will always need great helicopters to bring men in and out and complete rescue missions. The days of taking ground of using tanks and men with rifles to advance and take land those days are over. A drone will be sent first and then we will release a bunch of mysterious smaller drones that have the ability to light structures on fire... Unmanned fighters are certainly in the future as well... But this creates a lot of waste. We do need a massive rethink of the military as Hillary said. It's amazing in retirement that she can still be relevant! ~si
I am a war junkie! I watch that Hitler stuff non stop. WW@ in Color I love and I dig all old newsreels and such. I have to say WW1 gets no respect it was an absolute bloodbath and one of the scariest wars ever. WW2 is the most interesting so many angles... don't mess with Mother Russia! If you can have a " cool " war which I know is not a good term but the Vietnam war has some dope dope uniforms on the US side and a bunch of hard ass hippy folks and really in it's own way- fighting a war we are resisting to fight at the same time- historically one of the most interesting wars to study. But The Korean war gets the least respect. The Battle of Chosin Reservoir In the Fall of 1950, was one of the most intense engagements ever. U.N. Forces under the command of General MacArthur had almost captured the entirety of North Korea when they were attacked by thousands of Chinese Communist soldiers. The U.S. X Corps was forced to retreat and by mid-November the 1st Marine Division and elements of the 7th Infantry Division found themselves surrounded, outnumbered, and at risk of annihilation in the high North Korean Mountains at the Chosin Reservoir. Their only way out was a fighting retreat back to the coast. Although as Chesty Puller put it, they weren't retreating, they were "fighting in the opposite direction." Over the course of the next 17 days, the Marines and soldiers fought the Chinese — and bouts of frostbite — with fierce determination and epic endurance. They broke through the enemy's encirclement and even rebuilt a bridge the Chinese destroyed using prebuilt bridge sections dropped by the U.S. Air Force. By the end of the battle, the U.S. Marines suffered 836 dead and roughly 10,000 wounded. The Army had 2,000 dead and 1,000 wounded. Of those 1,000 wounded one was my father. Not all wounds in battle are glamorous and it was a rainy night under machine gun fire that a sleepy soldier crawled under a half ton truck to get a few winks. That truck in the morning ran him over. My father came back to the states and had a bad surgery with the VA, it bought him enough time to marry my mom and have me and then he died when I was 1 1/2. I've never known him but I still think about him every day. ~ BAH
I'm sure you've seen it, the BBC did the 26 show WWII documentary back in the early 70's. Very well done. Lots of footage. https://www.imdb.com/title/tt0071075/ For anyone thats never seen it, its well worth the binge watch.
Thx re war info.... I watch youtube videos occasionally. There's lots of good ones, eg about midway island, Abrams tanks, pov jet fighter footage, how us forces disassembled zero fighter to figure out how to beat them etc
The thing about Midway... First off great movie! with Charlton Heston! I saw that in White Plains in the day mad stereophonic... But on the island there was a great bit of trickery. We had the men send back a report about the water desalination plant not working and then our ears in the atmosphere picked up the Japanese saying -- I forget the term they had for it but Target Z is having water problems! And that told us where to prepare to defend. Ultimately we got 4 of their best aircraft carriers and it was a huge turning point in the war in the pacific... But that's another show! Watch The Banks-! They crossed an important technical level last week. XLF crossed above its 200-day simple moving average of $25.95 for the first time since late February. It currently sits at $25.23, but still close to its 50-day SMA of $24.61 and a 100-day SMA of $24.22.
A classic. The new one's exciting too though I doubt they fired that many tracer rounds Will keep eye on banks, C WFC earnings out next week.. Following solars JKS PLUG cannabis CGC TLRY and inverses SQQQ TZA SDOW. If C misses then finance inverse FAZ may be good. I almost went military, most exciting experience of my life was doing nighttime mock combat training at Camp Pendleton in jrotc. I live in a military town, have friends. Total respect for our active duty and retired personnel.
Take a look at CPRT stoney. This is a good company. $115. Beautiful 5 year chart. Pricey. The good ones always are though. This is a good find. It's the kind you put on the back burner (shopping list) in case there's another major correction. Copart, Inc. (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International. The Company provides vehicle sellers with a range of services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3). The Company's service offerings include Online Seller Access, Salvage Estimation Services, Estimating Services, End-Of-Life Vehicle Processing, Virtual Insured Exchange (VIX), Transportation Services, Vehicle Inspection Stations, On-Demand Reporting, Department of Motor Vehicle (DMV) Processing, Flexible Vehicle Processing Programs, Buy It Now, Member Network, Sales Process, Copart Dealer Services, CashForCars.com and U-Pull-It.
Gonna let you in on a little secret Ken.... In your other post you mentioned "if they close strong".... You need to learn to look at the options on whatever stock you are talking about on a Friday afternoon. Tilray was pegged at $6 and CGC was pegged at $18. When the atm strike is less than $0.20 at 11AM on a friday... the things are gonna channel. There might be some lunch-time noise, but other than that. There won't be any "close strong today"... if you know how to read all the tells available. Pull up a chart. See how they channeled within that range. W/O any news... these things were destined to flatline all Friday PM. Not saying they won't run tomorrow... I think they will actually.... but for a Friday afternoon.... you need to look at the atm options. You owe me.