So you believe that John Kerry had the whole thing figured out, oui?
I like the "bankrupt" hysterics - it has already been pointed out that our military expenditure as a percentage of our GDP is historically low, even for peactime comparisons.
Let’s see if they’re singing the same tune 5 years from not when the dollar collapses and their spending power and net worth is reduced by half as we are forced to devalue the dollar to be able to service our debt.
Wild-eyed prophesying indeed. I'm willing to put my money where my mouth is - I am massively long dollar-denominated assets and will be for the next 5 years.
Are you making a sizeable bet against the dollar? If so, how?
It was LBJ’s ‘great society’ programs and the Vietnam war costs that led to Nixon going off the gold standard and inflation to spiral thru the roof during the Ford and Carter administrations.
Even if this simplistic formulation were true (inflation quintupled three years before we went of the gold standard and halved the year after) - it has already been pointed out that defense spending as a percentage of GDP is declining - not increasing as it was in the Nixon era.
And we are not going off the gold standard anytime soon - we are already off of it.
So the two factors you are claiming don't exist in the current situation.
We can expect a repeat of those times coming up soon.
Your own arguments disprove your thesis, o Chicken Little.
Ron Paul’s thesis is that if we quit meddling into the internal affairs of other nations, the terrorists would no longer have reason to attack us. Does that mean Ron Paul would ignore imminent attacks? No. Taking out al queda and the Taliban who provided them sanctuary is one thing; nation building and trying to install democracy in the mideast is entirely something else. As a conservative, I prefer the most minimalist foreign intervention required to protect out interests.