Falling USD vs Iraq War

[puffin]

Do you think the reason for downfall of US doller is Massive spending's on Iraq war ? or Its this increasing oil prices and other things ? I think its mainly the money waste in Iraq. It seems an endless war also those text players money suppose to spend on local things not or not for that.

[Mitch]

There are many factors in the downfall of the US Dollar, Iraq is one of them.
With the government itself in debt trillions and the US population also in debt a ridiculous amount.

[Cattraknoff]

There are many factors in the downfall of the US Dollar, Iraq is one of them.
With the government itself in debt trillions and the US population also in debt a ridiculous amount.

Indeed. The American populace is in debt over twenty times the GDP of the country.

This obviously means that if the American people were able to contribute absolutely everything they could potentially produce to paying off debt, it would take more than 20 years to accomplish it.

If this isn't slavery, I know not what is.

[Carter]

Just like bin Laden destroyed Russia by keeping it in a war, so , too is Bush destroying America for the same reason.

Course, let's not forget the family business connection for both Osama and George....The Carlyle Group where investing in war, makes you rich.

http://www.apfn.org/apfn/Carlyle_group.htm

http://www.publicintegrity.org/pns/report.aspx?aid=424

A windfall of war

The group cashed out many of its investments when the stock of defense companies rose dramatically in the aftermath of September 11 and the buildups to the Afghanistan and Iraq wars.

"Defense properties are too expensive these days," explained Carlyle spokesman Chris Ullman.

In 1997, Carlyle liked the price of United Defense, and beat out General Dynamics and Alliant Techsystems, which also coveted the underperforming artillery firm. General Dynamics bid more than Carlyle offered for the company, but potentially faced a lengthy, drawn out antitrust battle if it acquired United Defense. Carlyle ended up winning the bid.

Carlyle finally sold its stakes in United after taking it public in the aftermath of the September 11 attacks. The Washington Post called the hugely successful public offering "one of the most successful single venture investments of recent years."

But United did not seem all that lucrative before September 11.

"They [Carlyle] were really kind of in a pickle with United Defense," McCutchan said. "They wanted to cash out on the equity. There wasn't much money to be made... When 9/11 happened and the defense budget took off, suddenly they had a winner on their hands."

Even Carlyle, which typically does not disclose its financial and operational details, crowed over the sale.

"It was one of Carlyle's best investments," Carlyle's Ullman told the Center. "We did make more than a billion dollars on that deal, and we are very pleased that we served our investors quite well."

[Locke]

Just like bin Laden destroyed Russia by keeping it in a war, so , too is Bush destroying America for the same reason.


You don't seem to have provided a reason for the former, so I cannot postulate nor expostulate upon it. However, it is apparent that the two cases diverge; the Afghani rebellion was, for the Afghanis, a struggle to establish an Afghan state independant of Moscow. Bush and his administration seem less concerned about polity, and more about profits (as was expounded in your post). The onlu similarity I can discern is that the arms manufacturers made quite a profit in both cases, but the motives themselves of the Afghani rebellion bear no similarity to those of Bush.

[Carter]

You don't seem to have provided a reason for the former, so I cannot postulate nor expostulate upon it. However, it is apparent that the two cases diverge; the Afghani rebellion was, for the Afghanis, a struggle to establish an Afghan state independant of Moscow. Bush and his administration seem less concerned about polity, and more about profits (as was expounded in your post). The onlu similarity I can discern is that the arms manufacturers made quite a profit in both cases, but the motives themselves of the Afghani rebellion bear no similarity to those of Bush.

Really? I think the fact our nation is going bankrupt losing on two war fronts pretty much makes it the same tactic. Bush is making money for the arms dealers and the oil men, but at the expense of our economy, national debt and military.

Just as Russia spent their money on fighting Afghanistan, so, too, are we.