Reply #12: The Europeans are massively concerned aout the deficit [View All]

[Nicholas_J]

and the weakness of the dollar, and are trying to figure out wys of getting out of their U.S. investments without adversely effecting their own economies.

The French are establishing military defense treaties with the Russian Federation, and in order to deal with the problems of high energy costs, the E.E.C. is trying to work with the Russians to establish an oil industry in the Arctic that will enable Europe to free itself from the need for Middle Eastern oil. reserves found in the Russian Arctic and north of the Caspian may turn out to be larger than the reserves in the Middle East and If the Europeans can get the upper hand over the United States in helping develop these reserves, the geopolitical balance may be changes massively

The German Government has already been considereing getting rid of all of their investment in U.S. Government bonds, and have already decided that they will stop investing in new U.S. bonds. Given the growing strength of the Euro against the dollar this may makethe E.E.C. the defacto world economic superpower. If they can form some mutual defense pact with Russia, thisaliance may be able to challenge U..S. super power status, Russai still has a large nuclear arsenal, and their military capabilit is still opretty good. There are stil a lot of tanks and a considerable air power lying dormant in the ex Soviet Union and the Bush adminiistrations failure to make hay while the sun shone by destroying the Russai nNuclear capacity may end if Europe decides to take joint responsibility for the Nuclear Weapons of Russia, in particular the remaining ICBM's and MIRV's A joint Russian/E.U. defense as a grand alliance of an EU/Rusain military force would be a formidable deterant to U.S. domination in the eastern hemisphere. May result in anEastern Hemisphere versionof the Monroe Doctrine in which a new superpower demands that no power outside of the Eastern Hemisphere has the right to interfere in the politics of that area. The French most certainly want to challenge US. world dominiation. and such an allience would give them the muscle to do so. Theinterests of Europe and European Russia arefar closer than any alliance with the U.S. and Europe is starting to surpass the United States as an economic superpower. The massive outsourcing of U.S. jobs, as well as the decline of the U.S. as an industrial power also is a massive weakeness of the U.S. that the Europeans are dying to exploit. Europe still has a significant industrial base, and a large portion of their outsourcing is done in nations that are geographically contiguous to Europe itself. Whle they do some outsourcing to India and China, they also do a large amount of outsourcing to the Balkans and the Ex Warsaw Pact Nations which greatly lowers their transportation problems, while the U.S. is withdrawing a lot of its outsouirceed industry from geographically close countreis like Canaada and Mexico, for places like China and India. This makes our economy far more fragile thantheEuropean economy and Again, Kerry's platform of keeping as much industry as possible in the continuental U.S. or at least in Nort American was a far wiser one. Bush is trading his obligations to big business for American Economic security.

Another Soviet prophecy may be coming true. When Kruscheve said that they would bury us. (economically) he could not have omageined that it would be due to alliances with Western Europe. America is desparately trying to prevent the formation of an E.U. military, and Russaian Allance would be a catastrophe from the PNAC point of vire. In fact the fall of the Soviet Bloc may be something that will be regretted by those who are claiming it to be one of the great accomplishements of Reagans neo con government. Most of the Warsaw Pact is and the Baltics are now a part of the E.U. All that would be necessary would be for the Russians to formsome alliance in order for the entire continental Europe up to the Urals to form a unified continental force. If Turkey joins as they wish to, this alliance will reach the borders of the middle east and be abvle to challenge the U.S for dominiations over the region. A far more powerful scenario than the conflict between the U.S. and the Soviet Union was.

Nations that currently support the U.S. in Iraq. like Hungary are pulling out of Iraq, in order to furtther their political ties with the E.U. as their joint interests are far more critical than their alliances with the U.S. If the U.S. is stuck in Iraq for more than a few years, it may find itself surrounded by a bunch pf histile nations who are far closer to the region that the U.S. is. and it may find that it has not bases cloe enough to support its interests in the Middle East