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On economic and military power |
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Written by Stumo
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Thursday, 25 September 2008 |
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From Floyd Norris:
Following is an excerpt from a recent book, “For the Soul of Mankind: The United States, the Soviet Union and the Cold War,” by Melvin P. Leffler, a historian at the University of Virginia. He is discussing Dwight Eisenhower’s policies when he became president in 1953. I have added the bold face for emphasis.
The real challenge, Ike maintained in one of his campaign speeches, “is to build the defense with wisdom and efficiency. We must achieve both security and solvency. In fact, the foundation of military strength is economic strength. A bankrupt America is more the Soviet goal than an America conquered on the field of battle.”
If Ike were able to hear what is going on now, he would probably cringe
at the comments made today by Peer Steinbrueck, the German finance
minister, as reported by Bloomberg:
“One thing seems probable to me: The U.S. will lose its status as the superpower of the global financial system.”
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In the news
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Washington, October 22, 2008 - Keith Bolin, ACGA President and Bureau Co., IL farmer and hog producer, announces the American Corn Growers 22nd Annual Convention in Coralville, IA, January 15-16, 2009 at the Marriott Hotel and Conference Center. "Food, Conservation, Energy & Trade 2009" will boast a line-up of well-known industry leaders who will address the current policies and practices of food, conservation, energy and trade.
Find more information on this event here. |
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Concerned citizens might be interested in reading "Unrestricted Warfare," the Chinese military manual for the "non-military" defeat of the United States.
To quote:
“Today, when nuclear weapons have already become frightening mantelpiece decorations that are losing their real operational value with each passing day, financial war has become a "hyperstrategic" weapon that is attracting the attention of the world. This is because financial war is easily manipulated and allows for concealed actions, and is also highly destructive.”
“The world's number one debtor nation, a country which relies on the inflow of foreign capital to support its economic prosperity, the United States, would definitely have. . . heavy economic losses. Such an outcome would certainly be better than a military strike.”
I also recommend a YouTube video called "Dollar to the Giant":
http://www.youtube.com/watch?v=TUj8leZxmK8
Insightful and accurate assessment and predictions for our economy and relations with China.