For some Strange reason, DISPEL reminds me of this guy:
and it has been almost 20 years since i forgot about the Smurfs.
and it has been almost 20 years since i forgot about the Smurfs.
the US dollars is now backed by the supremacy of the american army, the debt may be huge but america can take over the country they want and they actually do it, so the us dollar is still and will continue to be valuable
if it all comes down to geography like Dispel claims, then why is his country, Australia not dominating the world already? unlike any other country in the world, they have a whole continent just for themselves.
if it all comes down to geography like Dispel claims, then why is his country, Australia not dominating the world already? unlike any other country in the world, they have a whole continent just for themselves.
I agree when people start dumping their US currency in large amounts the politicians will have no choice. I notice a lot of people are buying gold and silver also (mostly silver my circle can't afford to buy gold at its price).The Euro as the major currency in combination with basket of Yen, GBP and USD.
That way the reserve currency isn't relying on one country. Using a new reserve currency will be mostly decided in the market and not in politics. Once everyone starts switching the politicians will follow.
if it all comes down to geography like Dispel claims, then why is his country, Australia not dominating the world already? unlike any other country in the world, they have a whole continent just for themselves.
Don't forget that if we really wanted to, we could be the dominant nuclear power, as Australia has over 60% of all known fissile material reserves, and could basically say we're starting a nuclear program and not let any one have any of our shit.I meant it comes down to geography in the competition between the countries discussed above - US, India, China. Also read my last post - it explains what I mean by the importance of geography, which should make Australia's imperfect position clear.
Taking what I explained into account, Australia's geography has the following drawbacks - its far away from the world's economic hot spots. Its ports are further away still. It is also mostly desert, so travel (and thus trade) internally is restricted. Only the coastal areas can support large populations and are good for agriculture. Technically it may as well be a series of islands, not one big one (plus Tasmania etc). It does have security though. Its resources are decent for its size and its population, but thats actually its main drawback - a population of 20 million can barely swing it on the world stage. Its economy can only grow so large and its military power can never be significant with a population that size. Power is a combination of the economic, political and military.
If it had the population of say Japan, with the same per capita income (distributed as evenly among the vast majority) it would be far far more powerful.
But yes, Australia is one of the few countries I consider to have a reasonably bright future for decades to come. Island nations especially with big homogenous and internally stable populations always have that advantage - like Japan and the UK. Living on an island also creates a confidant culture and islands are so much harder to invade. Again, consider the terminally paranoid Russians at the opposite end of the scale.