Belmont Club

By Richard Fernandez

Bio

Get Updates From Richard Fernandez
A Comment About

What next?

August 10, 2008 - 7:27 pm - by Richard Fernandez
ash
2008-08-11 08:58:31

aether,

Have you not been following the economic problems currently experienced by the US (and the world)? Are you not aware of the “credit crisis”? You know Bears Stearn, Indymac, and the rotten crap at Freddie and Fannie? The frantic maneuverings of Treasury and The Fed? You are uninformed I guess.

Yep, the US military is strong, the strongest in the world but it isn’t invincible. We are having troubles maintaining the troops levels already. Stop-loss has not been a morale boosting program. Another conflict or simply an escalation of the current ones will require more man power and more capital outlay from US. Not easy to secure either.