Posted on 05/04/2023 9:40:21 PM PDT by SeekAndFind
Yes, the rocket-bombing of Ukrainian cities; the destruction of elementary schools, orphanages, and nursing homes; the other various atrocities committed by the invading Russian forces: All evidence of Ukraine's status as a "U.S. victim!"
/mordant sarcasm
Regards,
The USA has quit protecting the sea lanes. Iran has seized two tankers and we just issue a press release. But that’s okay. That is Chinese oil. Let them sail to the Middle East and pick sides in a centuries old knife fight. It’s their problem now.
Global Trade as we knew it, is going to crater. Colocation will now replace the Global Supply Chain. And, those new plants will be built in the USA where the energy is.
Notice that BASF, the German chemical company, is moving their entire manufacturing capacity to Louisiana. It is no longer sustainable in energy poor Germany.
Regards,
Loss of reserve currency makes the US “ irrelevant “, plain and simple. Irrelevant in world affairs, irrelevant in international banking, and most importantly -irrelevant in spewing their message of immorality globally.
We could simply look to Norway and Switzerland to see that.
Or we could look at Venezuela.
There is no upside for us if the dollar is no longer the reserve currency.
I love how this TDSer throws Trump’s name into this tome.
The consideration of standards of living is not an end all for considering geopolitical policies. In the UK, one may look back to the Clement Atlee government as an example of poor public policy, as today one may look to the influx of economic migrants, neither of which correlate to reserve currency issues.
As to per capita income internationally, may I suggest looking at: https://worldpopulationreview.com/country-rankings/median-income-by-country
If the US's relative place in the world is a matter of reserve currency, then Luxembourg, United Arab Emirates, Norway and Switzerland have something other than reserve currency status to explain their position above the United States.
But since the US has its poor, so distant from the US's most affluent, the notion that "too many differences" between nations is about currency or modern monetary theory. Additionally the massive US debt is become a glaring issue, as our service economy makes little steel compared to China, as one example, among many. Perhaps we all have been counting economic progress with incorrect measures?
Certainly, a "loss of geopolitical importance" for the US in ongoing under the Biden administration of which moves away from US currency transactions are a symptom, not a cause.
What I find fascinating is that in the US the highest media income and related metrics cluster around DC, besting even the "best" of the individual states. Ah, government. It feeds itself first and well indeed. At all levels and all acorss the globe.
As a bonus to the discussion: "A €600 million renovation plan will see the seat of the German chancellor balloon to be larger than the White House or the Elysee Palace. But why might Germans be opposed to their leader's seat of power being too grand?"
https://www.dw.com/en/germanys-lavish-plan-to-expand-berlin-chancellery-faces-controversy/a-57275022
Seats of power. Where the fat cats sit. The "ordinary" people have little to benefit from "lavish plans" and such seats of power.
Regards.
ditto
—> Americans have by far the highest standard of living in the world.
On what statistic are you measuring this?
It appears Monaco, Lichtenstein, Switzerland, etc. outpace us…
Yes, I referred to "standard of living" as a quick and easy proxy.
As for Luxembourg, United Arab Emirates, Norway and Switzerland: There will always be strange outliers; their rel. wealth is easily explained:
Lux. is essentially a large urban area, with little hinterland. Urban areas always outpace equiv.-sized rural areas. They are safely ensconced in bigger countries that bear a large share of the, e.g., defense burden.
U.A.E.: Oil.
Norway: Hydrocarbons.
Switzerland: Similar to Lux.
Common to them all: The lack of a certain demographic.
Regards,
City-states, remote Alpine enclaves relying upon the beneficence of larger, more-powerful neighbors to protect them. No large contingents of feral urban youths to spoil the crime statistics.
You might as well suggest that we adopt the Vatican's economic policies, because theirs work so well for them!
Regards,
Yes, Russia is a veritable "Pillar of Virtue" in comparison.
Now Ukraine is being used to wage a proxy war against Russia.
I think that you are overlooking one important point:
Regards,
Seigniorage funds our corrupt kakistocracy. Loss of reserve currency would end unlimited seigniorage.
Not per capita. Illegal immigration has lowered our standard of living quite a bit since 1980.
Top 10 Countries with highest Standard of Living in the World (2020)
10. Iceland and New Zealand — 88.45
9. United Kingdom — 88.58.
8. Netherlands — 88.65.
7. Norway — 88.70.
6. Sweden — 88.80.
5. Switzerland — 88.87.
4. Australia — 89.13.
3. Denmark — 89.39.
2. Canada — 89.49.
1. Finland — 90.09.
USA is 13.
https://finance.yahoo.com/news/15-countries-highest-standard-living-013358814.html
Switzerland is not a micro state...
Nor is Denmark.
Nor others ahead of us on economic measures.
And Europe relies on US.
That list includes things like social equity as part of standard of living.
If you look at real quality of life items like house size, number and quality of cars, number of vacations etc. the average American beats everyone except for a handful of micro nations.
Obviously!
Regards,
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