Economic Warfare

[Brian Hanley]

Seems to me the best economic warfare against us is using ourselves as the instrumentality. Which is, I think a nice to have as far as the Kremlin boyz are thinking. I don't think there's much Iran can do to us. We have been putting ourselves in debt for these wars. That's my largest concern about them. World sliding Euro-ward.

The idea China is going to side with Iran is not credible to me on its face. China is in a deadly embrace with us economically. Trade ties and they hold a huge amount of our debt. There isn't room enough in the world for that amount of debt to be dumped. That's one of the benefits of being the biggest game in town with everyone else bit players.

http://www.federalbudget.com/
http://www.marktaw.com/culture_and_m...ionalDebt.html

That combined with demographic trends in the USA is worrisome because boomers aren't going to be saving too much longer.
http://www.census.gov/prod/2001pubs/c2kbr01-12.pdf Scroll down to the age demographics and then slide the graph forward 7 years to the present.

But, overall trends in the world have been looking up for a long time with very few blips.
http://www.gapminder.org/