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Thus it is not clear whether the absence of wars involving the great powers is an enduring trend or something of an aberration. Some judge this trend as likely to last, arguing wars between countries have become less common because actual or potential costs have gone up, especially in those instances in which nuclear weapons could be introduced. Ot
... See moreRichard Haass • The World
Russian threat to Europe has reemerged. This might have been inevitable given that the Soviet Union lost the Cold War, saw its external empire in Eastern Europe break free, and then experienced its own internal breakup. Russia accounts for roughly half the population and three-fourths of the land area of the former Soviet Union. It has retained a p
... See moreRichard Haass • The World
Furthermore, if US interest rates rise (as at some point they must) then what happened to Mexico after the Volcker interest rate increase in 1979 starts to loom as a real problem. The US will soon be paying out far more to service its debt to the rest of the world than it brings in.14 This extraction of wealth from the US will not be welcome domest
... See moreHarvey, David • B005x3sa74 Ebok
For example, the United States’ national debt increased from $427 million in 1972 to more than $32 trillion in mid-2023. If interest rates and deficits don’t decline, it’s estimated that the cost of servicing America’s existing debt could reach $1 trillion by 2029, or 3.1 percent of projected GDP—more than will be spent on defense. And this is one
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