Tuesday, November 8, 2011
Do you think lyndon b. johnson and nixon could have done something more in the vietnam war to succeed?
Both Johnson and Nixon knew the war in Vietnam couldn't and wouldn't be won by the U.S., South Vietnam or North Vietnam. The reason the Vietnam war lasted as long as it did is because there was too much money spent on the war and businesses which supplied the materials of war were dependent on the selling of their materials to the military and keeping these type of businesses running and preventing stock losses by not only politicians but also very wealthy individuals who contributed money to both the Democratic and Republican Parties. Were the Vietnam War to have ended sooner than it did there would have been too many people with stock losses and too many people being laid off by the businesses which would be forced to close. The closing of the businesses had to extend over a longer period of time so as to not create panic on Wall Street, which would have happened very quickly as people would flood their brokers with orders to sell and by doing so would create a panic of selling similar to that which happened in the stock market crash of 1929. During the time of the Vietnam War computers were not developed and used for stock trading. A stock broker had to place the trade for a client and records were kept on paper. The numbers of shares traded on an average day during the Vietnam War were less than 10 million shares of all stocks in any day. Now the number of shares traded each day often exceeds over 1 billion of all stocks in any day. Nothing could have been done because greed of the rich exceeded the will of politics, including the wills of both President Johnson and President Nixon. The wealthy people of the U.S. controlled politics during the time of the Vietnam War and the wealthy people of the U.S. continue to control politics, which also explains why the wars in Iraq and Afghanistan have both become the longest wars in the history of the U.S., lasting more than nine years. Neither the war in Iraq or Afghanistan will be won by either side. There are losers and they are us, we, the people of the U.S. and as it was during the Vietnam War it is the same as now. The wealthy become wealthier at the expense of the lives and limb of our troops and at the expense of each and every one of us who pay taxes to pay for the war and the 14.3 trillion dollar budget deficit caused by the expenses of fighting both wars and the meltdown of the mortgage lending industry. Mistakes in judgment were made by our elected leaders and we are and will be paying for those mistakes for who knows how long. President Obama recently came up with a plan of tax increases to pay 4 trillion dollars of the budget deficit over the next 12 years. The remaining 10.4 trillion dollars has no plan of repayment nor has any proposal been made to pay this 10.4 trillion dollars. This is a debt which hangs over our heads with no way of reducing it. Were President Obama to be elected for a second term there won't be any way for him or his administration to come up with a plan for reducing the debt and it will increase as the interest and payments to other countries, individuals and businesses which purchase Treasury Bills (T-Bills) to foster the U.S. economy will continue to purchase T-Bills, and by doing so the budget deficit will continue to climb. The U.S. is broke and doesn't have the luxury of declaring bankruptcy as individuals and business have. The big question is, will the U.S. default on its obligation to pay both the principal and interest owed to others? The answer to this question is what I consider to be the most pressing question deserving of an answer in the 21st century as it will not only determine the value of the U.S. dollar in relation to other currencies such as the Euro and the Yen, it will determine whether the U.S. dollar will continue to be accepted as payment of debts owed by other countries. It is very possible the Euro will replace the dollar and were China to continue to buy U.S. T-Bills and become a major force in world trade; the Chinese Yen could become the currency accepted as payment of debts owed by other countries. This situation has never happened before in recent history of currency in the world and it is well known by both China and the European Union this is possible and the longer time pes without paying down the U.S. national debt the more likely this will occur sometime in the not too distant future.
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