And think about it. If our main enemy in the future is to be China, what do we need a huge army for? We’re never going to invade China. It can’t be done. We need a powerful navy and air force with an expeditionary army along the lines of the late 19th century British Empire. That empire, by the way, bankrupted itself and lost all of it’s possessions when it forgot it wasn’t a land power and fought two world wars on the continent with huge armies.
But, hey, having the Federal Reserve system means never having to declare bankruptcy, even if we have to buy our own bonds.
The pound was the reserve currency too until…it wasn’t.
