Ronald Reagan

[ila]

Originally Posted by smc

...Shall I continue?...

You went back in history but you didn?t include in your list the attempted US invasions/interferences in Canada.

1775 ? US defeated
1812 to 1814 ? US defeated
1866, 1870, 1871 ? Fenian raids, each of which were defeated
1896 ? planned
1920s ? planned

The US couldn?t militarily defeat Canada, but now there is the economic invasion whereby US companies are buying Canadian companies and Canadian companies are buying US companies. This has been going on for a few decades and shows no signs of letting up. Eventually the US will own Canada economically and Canada will own the US economically. If it carries on long enough each country will end up owning assets only in their own respective countries, therefore completing the circle.

[randolph]

Originally Posted by ila

You went back in history but you didn?t include in your list the attempted US invasions/interferences in Canada.

1775 ? US defeated
1812 to 1814 ? US defeated
1866, 1870, 1871 ? Fenian raids, each of which were defeated
1896 ? planned
1920s ? planned

The US couldn?t militarily defeat Canada, but now there is the economic invasion whereby US companies are buying Canadian companies and Canadian companies are buying US companies. This has been going on for a few decades and shows no signs of letting up. Eventually the US will own Canada economically and Canada will own the US economically. If it carries on long enough each country will end up owning assets only in their own respective countries, therefore completing the circle.

I like the term Transcanada, lots of hotties up there.

[ila]

Originally Posted by randolph

I like the term Transcanada, lots of hotties up there.

That's the name of a highway.

[randolph]

Originally Posted by ila

That's the name of a highway.

Yes, I know, just playing with words.

[randolph]

I would like to post more of the Stockman article.

Stage 1. Nixon irresponsible, dumps gold, U.S starts spending binge

Richard Nixon's gold policies get Stockman's first assault, for defaulting "on American obligations under the 1944 Bretton Woods agreement to balance our accounts with the world." So for the past 40 years, America's been living "beyond our means as a nation" on "borrowed prosperity on an epic scale ... an outcome that Milton Friedman said could never happen when, in 1971, he persuaded President Nixon to unleash on the world paper dollars no longer redeemable in gold or other fixed monetary reserves."
Remember Friedman: "Just let the free market set currency exchange rates, he said, and trade deficits will self-correct." Friedman was wrong by trillions. And unfortunately "once relieved of the discipline of defending a fixed value for their currencies, politicians the world over were free to cheapen their money and disregard their neighbors."
And without discipline America was also encouraging "global monetary chaos as foreign central banks run their own printing presses at ever faster speeds to sop up the tidal wave of dollars coming from the Federal Reserve." Yes, the road to the coming apocalypse began with a Republican president listening to a misguided Nobel economist's advice.

Apocalypse?

[smc]

Originally Posted by randolph

I would like to post more of the Stockman article.

Stage 1. Nixon irresponsible, dumps gold, U.S starts spending binge

Richard Nixon's gold policies get Stockman's first assault, for defaulting "on American obligations under the 1944 Bretton Woods agreement to balance our accounts with the world." So for the past 40 years, America's been living "beyond our means as a nation" on "borrowed prosperity on an epic scale ... an outcome that Milton Friedman said could never happen when, in 1971, he persuaded President Nixon to unleash on the world paper dollars no longer redeemable in gold or other fixed monetary reserves."
Remember Friedman: "Just let the free market set currency exchange rates, he said, and trade deficits will self-correct." Friedman was wrong by trillions. And unfortunately "once relieved of the discipline of defending a fixed value for their currencies, politicians the world over were free to cheapen their money and disregard their neighbors."
And without discipline America was also encouraging "global monetary chaos as foreign central banks run their own printing presses at ever faster speeds to sop up the tidal wave of dollars coming from the Federal Reserve." Yes, the road to the coming apocalypse began with a Republican president listening to a misguided Nobel economist's advice.

Apocalypse?

I have long argued with colleagues that the two most important dates in twentieth century history may well have been:

August 15, 1971: The day Nixon ended the Bretton Woods system and ended trading of gold at the fixed price of $35/ounce.

August 4, 1914: The day "socialists" in European parliaments sided with their bourgeois governments and voted in favor of extending war credits so that World War I could be waged (thus compelling the Bolsheviks to declare the end of the Second International and the need for a new Third International).

What is it about August?

[Enoch Root]

Maybe it's in the word, august.

[The Conquistador]

Originally Posted by smc

I have long argued with colleagues that the two most important dates in twentieth century history may well have been:

August 15, 1971: The day Nixon ended the Bretton Woods system and ended trading of gold at the fixed price of $35/ounce.

August 4, 1914: The day "socialists" in European parliaments sided with their bourgeois governments and voted in favor of extending war credits so that World War I could be waged (thus compelling the Bolsheviks to declare the end of the Second International and the need for a new Third International).

What is it about August?

According to the Terminator franchise, Judgement Day occurs on August 29th. Just sayin'...

[Enoch Root]

Originally Posted by smc

August 4, 1914: The day "socialists" in European parliaments sided with their bourgeois governments and voted in favor of extending war credits so that World War I could be waged (thus compelling the Bolsheviks to declare the end of the Second International and the need for a new Third International).

If they were not socialists then what were they?

[ila]

Originally Posted by randolph

Yes, I know, just playing with words.

I know, but now I'll never travel on that highway again without thinking of your post, randolph.

[smc]

Originally Posted by ila

You went back in history but you didn?t include in your list the attempted US invasions/interferences in Canada.

1775 ? US defeated
1812 to 1814 ? US defeated
1866, 1870, 1871 ? Fenian raids, each of which were defeated
1896 ? planned
1920s ? planned

The US couldn?t militarily defeat Canada, but now there is the economic invasion whereby US companies are buying Canadian companies and Canadian companies are buying US companies. This has been going on for a few decades and shows no signs of letting up. Eventually the US will own Canada economically and Canada will own the US economically. If it carries on long enough each country will end up owning assets only in their own respective countries, therefore completing the circle.

I could have listed much more, and specifically left the Canadian references for you, my friend. Note it's the United States and not the Soviet Union your fine country has always had to fear.