"Rich stable countries have powerful militaries not the other way around. "
That is interesting.
If we look at the fall of the Soviet super power for a moment . . . . .
Just prior to its downfall - say one year prior - no one would have predicted the downfall of the union. It was not rich but yet was regarded as a super power for decades - enough to keep the US in check. One major contibutor to the downfall of the USSR was its disastrous affair with Afghanistan. Will we see history repeat itself?
You make a good point re: "It is the biggest market, by far, . . . " but can this be sustained with the industrial base shrinking almost daily? The US is regarded as the biggest creator of jobs - Yes - but a lot of these jobs - mainly manufacturing - are now created outside the US. The US economy could be reduced to one like Canada's - a predominantly consumer and service oriented economy. At least, in Canada, the natural resources are sufficient to support our small population. Same cannot be said about the US.
I do not wish the US economy ill but all their economic indicators appear negative and if this goes on for too long, I feel the US $ could cease to be the world's reserve currency in short order.
Tim de Mello [EMAIL PROTECTED] CANADA
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