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American advances in the military money-fire space are very sensible, given the experience of General Galtieri, who allowed his country to collapse into economic ruin and thereby nearly defeated the British in the Falklands. Only an emergency programme of kicking miners to death and stealing milk from schoolchildren allowed Britain to regain its superiority - a nasty surprise for what everyone would agree is a 2nd-rate power.
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Feb 5, 2009 23:31
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hypocrite lecteur posted:Also the thing to remember about that graph is that while it might seem like we've got quite a head start on China in the money hole department, their current capacity for money burning is nothing compared to their projected capacity over the next decade. Remember that Chinese money-burning capability is artificially inflated by the peg of the yuan against the dollar. The Obama administration are trying diplomatic means to get the Chinese to strengthen the yuan, but sensible military strategists of course know this will be ineffective. The only way to approach this problem is to make the dollar weaker: for example, a large military-led programme of borrowing money and setting fire to it.
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Feb 5, 2009 23:41
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JonathonSpectre posted:Why so much focus on the Money-Hole? What about the Soldier-Hole, or the Energy-Hole? The M-Hole, the S-Hole and the E-Hole are all valuable programs, but they shouldn't be viewed as competing with each other. Rather, they can all be seen as part of the overall "America-Hole" program. The world is in awe at how the US has been and will keep being the biggest A-Hole.
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Feb 5, 2009 23:48
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Sigmund Fraud posted:A worthy investment, that will surely end the cold war. They will never be able to match this economically! I just worry that this fire will turn the Cold War hot.
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Feb 5, 2009 23:57
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Guys, I really don't know much about Money Holes, but I'm an unquestioning and strangely enthusiastic fan of the US Military. Can you tell us a bit more about the possible civilian applications of this? For example, would it be possible to burn the "toxic assets" that they keep talking about in this hole? Could this be the way to save the banks?
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Feb 6, 2009 00:34
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