Thread: on russia
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Old 09-27-2008, 09:16 AM   #47 (permalink)
tisonlyi
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Factors in the near term and present:

- Roughly 1/2 trillion dollars per annum of debt servicing payments
- $700bn+ in defence spending per annum
- probable year+ long recession on the cards
- inflation officially at around 3-4% (more like 8-10% or more using older standards and measures)
- SS and Medicare about to be clobbered by retiring boomers
- all told, probably 2-3 trillion in bailouts and other dubious economic measures, via magicing money into the economy and piling on even more debt repayments - i think the debt repayments look like being somewhere near 600bn for next year? (The Fed accepting Junk Bonds and equities at the discount window? *shudders* )

Where, exactly, would the pro-military folks see the funds for further cash/debt-sinks into military consumption coming from?

Printing money? >.<
Borrowing more, pushing repayments even higher? >.<
Enslaving other nations in more traditional imperial fashion? (hey, it'd help economically! didn't interest rates in Rome fall dramatically when Egypt was conquered? Conquer Egypt, not Afghanistan! ) >.<

The end of imperialism usually means exactly the opposite.

(why is all this in a thread about Russia? *shrugs*)
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