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05-24-07, 11:58 AM #21
spidergoat
Actually the fact is that the USSR couldn't afford the cost of the War in Afghanistan, it broke their economy, and helped RR, to tip them over the edge.You can't make that argument in the case of the USSR, they were a dictatorship and fought the Afghanis with fierce brutality and no restraint.
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05-24-07, 12:01 PM #22and it was
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05-24-07, 12:36 PM #23
Zakariya04
The problem is that we aren't fighting this as a full war, we don't even use one percent of our national economy in fighting this war, if we did as we did in WWII it would be over by the end of the year.Buffalo,
Like wise for the US in Afghanistan and Iraq, how long can they keep affording to fight those wars?
The U.S. economy makes up 1/3 of the worlds GNP.
http://www.scaruffi.com/politics/gnp.html
Just for fun, I tried to calculate the wealth of the entire planet, and see how rich/poor each person would be if we simply divided the world's wealth by the world's population (six billion people).
If I use GNP data, i find that the world's total GNP is about $30 trillion (the USA's GNP is $10 trillion and the USA accounts for about 1/3 of the world's GNP). Divided by 6 billion people, that's an average of $5,000 per capita. That's yearly production of wealth. Depreciation of goods is hard to estimate, but we can assume that it is about 30% on average. So the accumulated wealth is 5000 minus 30% of 5000 minus 30% of this number minus... a series that converges to about $10-11,000
If I use the data on net worth (average USA household net worth is $182,381 as per the census, which means a total wealth of about about $18 trillion for the 100 million USA households, which means about $54 trillion for the wealth of all households of the world). That's household wealth. Now we need to add government wealth, which is approx 30-40% in the US, more in other countries. So the total wealth of the world is about $70 trillion of dollars. Thus the average human on this planet is worth $70,000/6= $11,000
So both ways we get the same number: if we distributed the wealth of the world to the people of the world in equal terms, each person would be worth $11,000
For the USA alone these numbers are: Per-capita GNP: $38,000 and Average net worth: $60,000
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05-24-07, 12:44 PM #24and it was
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thanks Buffalo, I was not expecting all that analysis.
i was onyl wondering how long the US can keep up wioth the additonal expenditure. i will have to re-read my economics books from high school, but i thought GDP was more of a measure of wealth... I will look at the economics books.
Also what do you mean buy it will be voer in a year? doe sthat mean you will completely turn it to rubble or that you put in 1million troops to sweep oput the insurgents? ior does it mean you will be bankrupt, cos their are theories that the US is soon bankrupt if not now...
Dont worry replying i will have a look at the economics books.
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take it ez
zak
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05-24-07, 12:45 PM #25
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05-24-07, 12:53 PM #26
No I don't think the U.S. is going to be bankrupt any time soon, if it did what would happen to the rest of the world if 1/3 of the worlds economy went into the toilet? I do think their economies would end up collapsing to, everthing is so interdependent now days.
If we fought this as a total war, we would have this ended in a couple of years, the year time line has to do with Iraq, and the really interesting thing is that as Americans we rebuild the countries that we wage war with, the only country that this didn't happen with was Vietnam, they ended up winning the war because the Liberal Democrats didn't have the gut to win the war, but any other country that we have fought a war in, we have went back into and rebuild the whole dam place.
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05-24-07, 01:46 PM #27
The US leeches on the rest of the world. I fail to see the US contributing to anything useful nowdays. The asians are manufacturing everything now. Agriculture is mostly a national thing accross the whole planet. Meanwhile, what the US does? Consume all the resources of the planet?

The US has become useless and obsolete.
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05-24-07, 02:38 PM #28
TruthSeeker
And you can provide a factual analysis of this statement? numbers and facts?The US leeches on the rest of the world. I fail to see the US contributing to anything useful nowdays. The asians are manufacturing everything now. Agriculture is mostly a national thing accross the whole planet. Meanwhile, what the US does? Consume all the resources of the planet?
The US has become useless and obsolete.
You had better hope that the U.S. doesn't fail, with 1/3 of the worlds economy crashing, the rest of the world will follow.
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05-25-07, 02:10 AM #29
I guess you didn't know everything is amnufactured in China nowdays. Even american flags! LOL!!!!!
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05-25-07, 02:18 AM #30and it was
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Mornign Truth seeker
I hope all is well with you.
however the Buffalo is right, any severe economic down turn i n the US would probably have bad repercussions for the world economy, having said that did the US recently go trhough a recession in the first few years of this decae, if so it did not have any downward affect on the UK economy.
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take it ez
zak
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05-25-07, 02:22 AM #31
Yes. That's cause the US gets all its stuff from the rest of the world. The only reason.
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05-25-07, 02:45 AM #32
America is going into the toilet whence why we are all dropping the US $ as a peg :
Argentina and Brazil drop US dollar
Kuwait drops dollar
Swedish Central Bank Dumps Dollar
Russia`s Switch into the Euro signals Decline of US Dollar as a Global Currency
Of course this means that the US is in serious decline .
The dollar’s decline tracks US fall from grace
NEW YORK • The United States may have no military equals, but the challenges to its financial power have become impossible to ignore.Europe tops US in stock market value
Europe has eclipsed the US in stock market value for the first time since the first world war in another sign of the slipping of the global dominance of American capital markets.Its only a matter on time when America joins her South American sisters in third world squalor , serves you right for voting Reaganomics .Germany overtakes America as World biggest exporter
Germany has overtaken America to become the world's biggest single exporter, shipping the hardware that powers the rising economies of Asia and eastern Europe. Its trade surplus is now greater than that of China, Japan and India combined, reaching a staggering 16.8 billion euros in June alone. The profits made by German companies are running at over 33 per cent of national income, the highest in 40 years.
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05-25-07, 02:47 AM #33
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05-25-07, 12:21 PM #34
Worray!!!!!!

Let's hope Canada doesn't get sucked in. Too bad Canadian economy depends so much on the US. Sad sad... Canada is such a nice country...Its only a matter on time when America joins her South American sisters in third world squalor , serves you right for voting Reaganomics .
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05-25-07, 12:28 PM #35
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05-25-07, 01:54 PM #36
The trade Canada has with America would easily be picked up by the EU . Remember trade is a two way deal , the EU would love to have a lot of that multi-billion $ cross border trade . Assets that America owns in Canada would simply be sold to EU concerns . There would be obviously some reprecussions if the US fell but Canada would get over it , thats because Canadas economy has not been as adversly affected by the freetrade economics that Americas has been . I would give Canada 7 years to re-adjust to an American collapse , remeber what we are speaking of here is the American economy is contracting down to a size that it should be .
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05-25-07, 04:41 PM #37
Zakariya04
Yes we went through a down turn in 2001-02, but it wasn't sever, and the taxes cut brought the economy back before a recession could form, but if the U.S. economy would tank, you can bet the world will have it worse than the U.S. most countries in the world already have higher unemployment than the U.S., and their inflation rates are higher.however the Buffalo is right, any severe economic down turn i n the US would probably have bad repercussions for the world economy, having said that did the US recently go trhough a recession in the first few years of this decae, if so it did not have any downward affect on the UK economy.
I try and read the Bull Sh@t that Foley and TruthSeeker post, but they have nothing approaching reality in their analyses, so it is hard to respond. They have no real understanding of the way the national economy, or the world economy, operate, and the massive interdependence of the corporations in their dealing around the world.
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05-25-07, 04:55 PM #38
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05-25-07, 06:16 PM #39Registered Senior Member
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05-25-07, 07:29 PM #40

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