Are we on the eve of a turn in the Great Game? | 79 comments (79 topical, editorial, 0 hidden)

Re: Are we on the eve of a turn in the Great Game? (4.00 / 2)

Yes, when you turn out to not have quite as much capacity to mount colonial punitive expeditions as your position in the trade system implies, then you will see your terms of trade deteriorate.

But there is some way from seeing your terms of trade deteriorate to losing reserve currency status. Just like there is some way between shedding unprofitable fringe colonies and losing your empire altogether.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Apr 28th, 2014 at 03:04:56 PM EST
[ Parent ]

Re: Are we on the eve of a turn in the Great Game? (none / 0)

"...then you will see your terms of trade deteriorate."

That is the whole point I am trying to make, long with the point that an alternative FX settlement system not controlled by the USA will greatly diminish the power of the USA to conduct economic warfare. That system does not yet exist but is clearly developing. It is very unwise to risk accelerating that development just to make the current US administration look strong. If US actions in Ukraine continue on the current course that seems a real danger.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Apr 28th, 2014 at 04:12:56 PM EST
[ Parent ]

Are we on the eve of a turn in the Great Game? | 79 comments (79 topical, 0 editorial, 0 hidden)

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