EnglishEdward
Deity
Why bother, better to spend the money adapting to the inevitable climate change.
Why bother, better to spend the money adapting to the inevitable climate change.
If I had to take a guess, I would say that soldier pay is lower than in the West so we’re going to be looking at slightly misleading figures.If it is a numbers game....
Is 2.0% the norm... or is absolute amount equivalency with China the norm ?
Except nobody's doing that
Why don't we do it the way they do it?
(how much is that alone already for the US military cost as % of GDP ?)
I wouldn't compare it to wartime spending, though.I've posted the answer to this several times in the past. Our entire military spending accounts for about 3.4% of our GDP. So not that much really. For comparison, during World War 2 military spending as a percentage of GDP in the US was at 40%.
I wouldn't compare it to wartime spending, though
If you have not learned in the last twenty years that conventional war and its dominion is over I'm not sure what its going to take for you to learn it.
This is neither realistic nor good cost-benefit analysis; pulling American soldiers out of Europe would save us very little in expenditure and cost us an intangible forward logistical infrastructure that neither the Air Force nor Navy could support themselves. Plus, the planes need to land and ships need to dock at some point.US don't need to put boots on the ground to be dangerous to europe, it could use its airforce and navy to blockade and destroy vital infrastructure if europe don't accept US demands. US could even threaten to withdraw its military support or even support a Russian aggression and as far as I know Europe is not keen to put themself under Chinese hegemony or anything like that.
Keep in mind how quickly Germany was able to build up its army in preperation for WW2. Russia may not look much of a threat right now but that don't mean it could not become one very quickly. You also have countries like China and India as potential future threats.Russia would not be in any position to mount a prolonged ground war in Europe against the conventional armies of the continental NATO powers. For you who often deals in population and GDP statistics, look at Europe vs. Russia on the numbers and you’ll see on that alone that something so implausible is limited only to war-room theoreticians tasked with writing what-ifs for defense ministers.
Russia would not be in any position to mount a prolonged ground war in Europe against the conventional armies of the continental NATO powers. For you who often deals in population and GDP statistics, look at Europe vs. Russia on the numbers and you’ll see on that alone that something so implausible is limited only to war-room theoreticians tasked with writing what-ifs for defense ministers
It was the same during cold war, the nato side was always the stronger one but still the european countries took military much more seriously that time. The only chance Soviet had was limited to nuclear weapons but that was also an area in which Soviet lacking in the early phase.Yeah, back when all the stuff in the Ukraine started popping off, I looked at it and just based on military numbers alone, NATO minus the US is still way more than Russia can handle.
The scenario being discussed is about US turning hostile towards EU or some of its members.
By "scenario" I mean lay out a reason the US might do any of this to benefit itself. The EU is the US's number one export market. Why smash that, or allow it to get smashed?US don't need to put boots on the ground to be dangerous to europe, it could use its airforce and navy to blockade and destroy vital infrastructure if europe don't accept US demands. US could even threaten to withdraw its military support or even support a Russian aggression and as far as I know Europe is not keen to put themself under Chinese hegemony or anything like that.
If I had to take a guess, I would say that soldier pay is lower than in the West so we’re going to be looking at slightly misleading figures.
Of course, it isn’t just a numbers game and comparing things like spending alone does not give an accurate depiction of actual or projected military power.
After all, Iraq had the world’s fourth largest army in 1990!
Quite silently, China launched its own blockchain platform in late April and tested a new digital currency. Transactions are facilitated with the platform, transactions are settled with the currency. If successfully rolled out together, this offers nothing less than an alternative financial system, with all its consequences.
All ingredients for a successful worldwide rollout are present. The BSN platform (Blockchain Service Network) was set up for initially domestic, but later also foreign use. Not only are all major Chinese tech companies and the 128 largest Chinese cities participating, the Chinese state is also linking the platform to infrastructure projects for the New Silk Road (Belt and Road Initiative) in Africa and Asia.
Smart contracts
The ports, railways, telecom providers and airports that China is building around the New Silk Road are contractually programmed in the Chinese blockchain. Countries with which China does business will therefore use the BSN. In the smart contracts provided by the blockchain, for example, it is programmed which amounts may be spent, which parties may be involved or within which time horizon the money is available.
Moreover, the Chinese blockchain is programmed to work interchangeably with Western blockchain platforms such as Ethereum, while the costs for companies on the BSN thanks to Chinese state aid are only a fraction of what is paid to competitors (€ 300 per year versus more than € 10,000 in west for the same service).
Hyper centralized
What is still missing is a stable digital currency that not only completes a transaction contractually but also financially. That coin will be launched after five years of experimentation and after an initial serious test in April, possibly already in the fall of this year. The DCEP (Digital Currency Electronic Payment) coin is issued by People's Bank of China, China's central bank. Unlike Bitcoin, the DCEP is a hyper-centralized currency: the state manages the money supply and controls transactions.
The People's Bank of China issues digital coins to state-owned banks and payment companies like Alipay and WeChat, which in turn will distribute them to individuals and businesses through mobile banking and payment apps. This means that the DCEP is separate from blockchain technology that is used in payment services such as AliPay and WeChat, but the currency will also be the financial capstone of a blockchain transaction.
For a country like Iran, which has little room for maneuver due to US sanctions, an alternative financial system from China is very attractive. Numerous sanctions, including around the nuclear or ballistic missile program, can be circumvented as long as China agrees. Iran will therefore have to accept that the Chinese will exert more influence. The recent Iran-China deal of $ 440 billion will show how that works out.
US sanctions
An alternative financial system from China is especially detrimental to the United States. The US relies heavily on foreign policy sanctions as a reserve currency due to global dollar dominance; these have tripled since 2009. For example, because oil is traded in dollars by default, the US may limit Iranian or Syrian oil exports because the country also has access to oil transactions. Swift, the system that enables cross-border payments, also offers Americans the opportunity to detect illegal transactions. The US does not yet have an answer to the Chinese plans.
"Many EU working groups looked at European alternatives, but pointed to legal concerns"
In Europe too, it seems that we are insufficiently prepared. Numerous working and study groups in Brussels and Frankfurt looked at European alternatives, but pointed to practical and legal objections, which meant that concrete progress was not made. If China innovates financially with its full geopolitical weight this autumn, the Chinese will be many years ahead of Europe and the US in a geopolitical sense.
The Chinese state seeks financial autonomy and more financial instruments to exert influence worldwide. The rollout of the DCEP is increasing demand for the Chinese currency, while bringing more users into a network whose transactions it can monitor. The Chinese renminbi currency is thus strengthening and positioning itself more firmly as a global reserve currency. Moreover, China offers European and American industries cheap blockchain solutions with which they can be linked more closely to the Chinese state.
Do we want all this to happen? Should the EU abandon the wait and see approach for more technological sovereignty on the world stage? Inevitably, European businesses, governments and consumers will become more dependent on digital currencies. Where are the European alternatives then? What regulation is necessary so that supervisors can fulfill their role?
https://fd.nl/opinie/1353100/waar-blijft-europa-s-antwoord-op-china-s-nieuwe-financiele-wereldorde
That depends on time. In 70-s - early 80-s, USSR had serious conventional superiority in Europe and NATO had to rely on nukes to maintain balance.It was the same during cold war, the nato side was always the stronger one but still the european countries took military much more seriously that time. The only chance Soviet had was limited to nuclear weapons but that was also an area in which Soviet lacking in the early phase.
US can support Russian aggression all they want, but without Russia's participation.US could even threaten to withdraw its military support or even support a Russian aggression and as far as I know Europe is not keen to put themself under Chinese hegemony or anything like that.
Trump.By "scenario" I mean lay out a reason the US might do any of this to benefit itself.
That depends on time. In 70-s - early 80-s, USSR had serious conventional superiority in Europe and NATO had to rely on nukes to maintain balance.
At least that's what I read from American military analysts. Today the situation is reversed