Politics

I don't feel this is going to persuade anyone, and I feel like I'm just screaming into the void, but here's my take nonetheless. I'm a glutton for punishment I guess.

Firstly, Ukraine. Do I care about Ukraine?

Yes, a little, but only to a point. They clearly have strategic importance to America (hard to argue that when Donald is oh so clearly stating that they sit on strategically valuable rare earth metals, not to mention their implications in African and Middle Eastern food supply - i.e influence over OPEC).

Do I care about them personally, and am I particularly bothered about their hardships? Honestly, not much. Not my country, not my problem. It's a shame that they're in the situation that they are, but from a realpolitik standpoint, altruism is not a major driver of policy. National interest is. You simply find (and then talk about) the altruistic reasons to justify the real reason, often after the fact.

Therefore, my position is that Ukraine should be supported as far as our national interest lie, and no further.

That national interest lies in 3 camps.
1. Bleed the Russians. They are not our friends, they will never be a reliable ally, reducing their military is in our interests, because it's one less opponent that we need to worry about either in Europe, or in partnership with China. Part of that is in destroying their military capability (job pretty much done), and part is in ensuring that when they start rebuilding in the next decade, they have as little in the way of money and resources available to do so as possible (i.e Don't let them take Ukraine and gain leverage over Saudi etc on food, don't let 'em take Ukraine and gift them billions of dollars of rare earth metals, don't give 'em Ukrainian GDP or conscripts).
2. Present a message of strength to enemies. America is reliable, America is strong, America won't allow petty dictators to do what they want. That's a good lesson for Russia to learn, and also a good one for Beijing to take away from this situation, not to mention Iran and North Korea.
3. Present a message of strength to allies. America has your back, you don't need to get strong yourselves, hang onto your subordinate position, no worries.

Note; none of this has anything to do with helping Ukraine, or right or wrong, or emotions.

It is pure, unfeeling, pretty ruthless logic aimed at maximizing the safety and the influence of the 'donor' nation. America first and all that.

I think that these national interests DO support the provision of aid to Ukraine in this conflict. Not to help Ukraine, but because they're literally fighting our battle for us... and in doing so we get what we want 'on the cheap' in terms of cost, materiel, casualties.

Sticking with these national interests.

Camp 1 & 2 are I think pretty self evident, but Camp 3 is maybe more confusing. Why would America want weak allies?

The reason is simple; militarily weak allies are reliable allies.

A nation that cannot protect its own sovereignty against foreign threats is not an independent nation. They are a client state, solely dependent on another for their very existence. That gives whomever guarantees that safety an immense amount of leverage.

What does that have to do with Europe?

Well, it's a common myth that the US and the EU are friends, allies, partners. But that's not really true.

What is true is that they're friends, allies, and partners RIGHT NOW. Begrudgingly at that.

Sources:

Most Europeans feel that America is not an ally, but more of a necessary evil with whom they need to strategically cooperate, but don't particularly like. Interestingly, they have pretty much the same opinion of China...

View attachment 668938


View attachment 668931

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Not exactly results that indicate any real depth of common goals or brotherhood.

And yet... when America asks Europe to do something, they generally do it, even if they don't want to. Support for the Iraq War in the UK for instance had approval ratings of about 45% at the time the UK joined, had dropped to below 20% 1 year in. Yet, the UK stuck it out for the duration. Why?

If today, the US sanctions China and requests that the EU do the same, they probably would. It's not in the EU's interest to do so, but they'd begrudgingly comply. Why?

Because they hate Russia more than they hate the US, and they need the US if Russia gets ideas.

View attachment 668933

So, onto hypotheticals.

Let's say Trump gets what he wants, the EU starts building up a proper military instead of the sham they have now.

Well, the US has stronger allies, but then... would they still be allies? The pressing need isn't there any more, and it's not like the EU and US are particularly culturally aligned otherwise. Certainly they'd be less inclined to unilaterally support US interests in that scenario. That's pretty undeniable.

It's also pretty likely that they might be a bit more friendly to China without the US prodding 'em away.

So that brings us onto the other question: Does a EU pulling it's weight militarily allow America to spend less on it's own military? People on this thread are certainly suggesting that a stronger NATO helps the US with it's national debt problem. But would it?

I'd submit that it probably doesn't. The EU can probably then be trusted to deal with Russia with less US support, but America is mostly spending a lot on the military to manage China, not Russia. That doesn't change.

What might change is that if the US does decide that war with China is now necessary... they're more likely to be fighting alone.

That (in my opinion) is why the US has basically allowed other NATO members to freeload for the last 40 odd years.

Not because they're weak, or soft, or gullible. But because thy know that in doing so, they maintain their 'sovereign territories abroad' (i.e Europe). It gets the US influence, it keeps all those nations in lockstep with US foreign policy even if they have no desire to cooperate, it keeps those nations as subordinate client nations.

Britain did the same with much of its empire at some point or another. For example, post a fleet in the Pacific so that a. Australia doesn't feel the need to build up a defensive force of their own against Russia, Japan, or China, and b. so that if Australia gets rebellious, you can squash 'em easily. A win win.
Excellent post. I don't fully agree with every point, but the general thesis is correct. It is also refreshing to read a well thought out and supported position rather than the usual bleating of hating Zelensky, hating Europe, Zelensky is a midget, or Trump is a genius.

Every international action of a state should be based solely upon a clear and cold blooded evaluation of national interests. Those interests can and should be debated. In the case of the United States, that is truly "America First." In spite of Trump's alleged skill at chess, I am genuinely concerned that the US has embarked upon a set of actions beyond our shores and with respect to our defense capabilities that is the antithesis of our national interests.

Worse, we have, as a nation become so committed to our respective political positions, it heresy to question any position of the Great Leader. 50% of my party are unwilling to even entertain the question of how best to defend national interests.

Defense is another point. There is no 50% cut that can be made in defense without drastically undermining the nation's warfighting capability. Cut every energy related experimental program, cut the general officer corps in half, and reduce independent commands by a third, and one has just touched the margins of this sort of cut. The same republicans cheering this self-destruction would be up in arms were this a democrat administration.
 
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Peter Doocy gave a report on what set Vance off. According to Doocy it was a good half hour of hostile body language by Zelinsky. Very apparent to Vance (and some of the reporters) from his position in the room. Not so to Trump as he was sitting side by side with Zelinsky. It had apparently gone on long enough and with enough intensity that Vance had just plain had enough. Vance was obviously very irritated and I think this explains it.

Trump has been very transparent and open with reporters and thus we the people. He constantly seems to have them in the Oval Office. Biden never did. In fact I don't recall any prior President being this available and transparent. The downside of this of course was on display when Zelinsky went off script. We have no idea how much similar things went on in previous administrations because we were not privy to it.

Zelinsky really seems to have betrayed the trust of the President and especially Rubio.

Reports today are that several Democrat leaders has advised Zelinsky to do this. And may have been texting him as this was going on. Dirty politics at best... I have no idea if interfering with State Department and Presidential foreign dealings is treasonous or not.
They were rolling out absolute falsehoods to Zelensky's face. Do you want me to list them yet again? Our president and Vice president are either transparent liars or transparently ignorant.
 
Here are some examples that back your statement Tbitty. Nobody but the warhawks have said anything about cutting military spending. It's simply moving away from nonsense.

Refocus Budget
Hegseth seeks to shift $50 billion in FY26 budget proposal

Hopefully soon to be things of the past in our military:
Didn't Earn It (DEI)
BS climate change spending (hybrid tactical vehicles & solar jetfighters:ROFLMAO:)
Middle management:cool:
Doesn't address the issue in the least. In fact it reads like pure propaganda.

Over the next five years this administration plans to cut the DOD budget by 50%. That is a fact. It has been announced by Hegseth himself and the Pentagon is working on the first 8% cut as I type. That will do enormous damage to our warfighting capability. There is no way around it. Ships will be cut, aircraft programs will be terminated, modernization efforts will be terminated, and formations will be eliminated from the order of battle.

I will be curious if Taylor has the courage to speak the truth to congress when he his grilled on it during his confirmation hearing.

Tell you a little secret. I doubt it. Just like Milley who everyone here loves to hate, Taylor will admiringly talk to the President's determination to cut wasteful spending by the department of defense.
 
Further interesting geopolitical news, financial this time.

It's worth noting that the US DOES derive economic benefit from 'those slimy Europeans', even if it is indirect and perhaps hard to see. Certainly I'm no expert in this stuff and I don't claim to understand all the ramifications, but I know enough to know it is there and it is important.

As an example:

Foreign held US treasury bond reserves fall to the lowest level in 4 years, providing upward pressure on bond yields (and indirectly on interest rates within the US and even less directly driving inflation).


De-dollarization well underway then.

Fun times.
 
Whatever works?

My point is very simple. No matter how frustrated we may become, our critical national interests with regard to Europe do not change in the least. I would go further to say, they also do not align with the strategic goals of Russia anymore today than they did fifty years ago.

I know what your point is and I clearly agree with it. But you are far more thoughtful that just a whatever works response. What do you think would work and of those options what do you think is the best approach?

Just using basic open source search, I think many Americans would be stunned at the military capacity of many of our close allies. It would be better received on here coming from you, could you give us a view into the hard resources, so equipment and troop size, of some of allies? Maybe Canada, UK, Spain, Italy, etc...
 
The same republicans cheering this self-destruction would be up in arms were this a democrat administration.

Completely concur.

Had Biden said "were cutting defense spending by 15%" the entirety of the Republican party would have lost its collective mind.

While Im all for cutting fat out of every agency and running the government lean.. and I fully acknowledge that the DOD is outrageously wasteful and inefficient when it comes to spending.. just throwing a number out there like 8% every year for 5 years after only being in office for a month is somewhat ridiculous IMO..

While I think everyone will agree there is a lot of fat that we need to get rid of.. there is no way at this point that we really know how much fat there is, or how rapidly we can (or should) excise it..

Of course get rid of the silly crap that has nothing to do with warfighting immediately.. and of course immediately start putting controls in place so that new fat cant be added without very senior officials being aware of it first..

But I hardly believe SECDEF and DEP SECDEF have seen enough or know enough just yet to honestly say we can make those kinds of cuts without having a very adverse result..

If after very careful review, consideration, a few rounds of decision making we find ourselves at the end of 5 years and we managed to cut 40% or more.. GREAT! We will have gotten there in a sensible manner that didn't expose our country to unnecessary risk...

the way they appear to be going about things right now gives me serious pause though..
 
They were rolling out absolute falsehoods to Zelensky's face. Do you want me to list them yet again? Our president and Vice president are either transparent liars or transparently ignorant.
No please don't! I cannot hope to keep up with all this the way it is.

You comments regarding transparency are bordering on the stature comments ;)

Whether Trump is right or wrong in his facts, i don't see how you can mock the transparency unless you don't like the fact that we are able to see the good and bad. The previous administration did everything they could to hide Biden's ineptitude. This administration seems happy to let us see it all. I appreciate that even though I often see Trump not being knowledgeable on many subjects. Who is knowledgeable on every subject?
 
No please don't! I cannot hope to keep up with all this the way it is.

You comments regarding transparency are bordering on the stature comments ;)

Whether Trump is right or wrong in his facts, i don't see how you can mock the transparency unless you don't like the fact that we are able to see the good and bad. The previous administration did everything they could to hide Biden's ineptitude. This administration seems happy to let us see it all. I appreciate that even though I often see Trump not being knowledgeable on many subjects. Who is knowledgeable on every subject?
I agree with you. Just don't condemn Zelensky for being defensive of his nation and its war effort in the face of absolute falsehoods or ignorance transparently proclaimed before not only the American people but also the Ukrainian people.
 
"Who is knowledgeable on every subject?"

No one, and certainly not me. But he really needs to at least appear more knowledgeable - and tactful - regarding international affairs, IMHO.
 
Further interesting geopolitical news, financial this time.

It's worth noting that the US DOES derive economic benefit from 'those slimy Europeans', even if it is indirect and perhaps hard to see. Certainly I'm no expert in this stuff and I don't claim to understand all the ramifications, but I know enough to know it is there and it is important.

As an example:

Foreign held US treasury bond reserves fall to the lowest level in 4 years, providing upward pressure on bond yields (and indirectly on interest rates within the US and even less directly driving inflation).


De-dollarization well underway then.

Fun times.

This ties directly to a post that I made several pages ago about the new Treasury Secretary being hyper focused on 10 yr.. The last Trump administration focused on the stock market as the best way to get the US economy healthy again... This administration is focused on 10 yr yields.. and was talking about it well before Bessent stepped behind the Secretary desk at Treasury..

The VOX article is a little late to the punch honestly.. and Im guessing they rushed to publish it in Mid January.. because that was just a few days after Bessent started talking about the need to lower 10yr yields and telling the world that would be his focus after Trump started floating his name for Treasury in early January..

Google Scott Bessent 10 year yields.. and you'll find this is something he's been all over from day one.. that he continued to talk about it throughout February.. etc..etc..
 
This ties directly to a post that I made several pages ago about the new Treasury Secretary being hyper focused on 10 yr.. The last Trump administration focused on the stock market as the best way to get the US economy healthy again... This administration is focused on 10 yr yields.. and was talking about it well before Bessent stepped behind the Secretary desk at Treasury..

The VOX article is a little late to the punch honestly.. and Im guessing they rushed to publish it in Mid January.. because that was just a few days after Bessent started talking about the need to lower 10yr yields and telling the world that would be his focus after Trump started floating his name for Treasury in early January..

Google Scott Bessent 10 year yields.. and you'll find this is something he's been all over from day one.. that he continued to talk about it throughout February.. etc..etc..
Guess I missed that post, apologies.

Sounds like you're a little more knowledgeable on this topic than I.

Can you expand a little on the logic behind how the yield benefit the economy?

My general understanding was that generally higher yields = higher interest rates for the nation = less economic investment and activity = weaker economy?

Hence, the trend described in this article is generally 'bad news' for the US economy.

That's based on a vaguely remembered finance module in my MBA, so might be incorrect though.
 
None of our investment in defense or support of NATO has anything to do with giving Europe a break. That doesn't mean they haven't taken advantage of our commitment to our national interests. But getting Europe to pay more in no way changes our national interests - not an iota.
But it does when our National interest includes sound fiscal management.
 
Guess I missed that post, apologies.

Sounds like you're a little more knowledgeable on this topic than I.

Can you expand a little on the logic behind how the yield benefit the economy?

My general understanding was that generally higher yields = higher interest rates for the nation = less economic investment and activity = weaker economy?

Hence, the trend described in this article is generally 'bad news' for the US economy.

That's based on a vaguely remembered finance module in my MBA, so might be incorrect though.

Im far from an economist and don't pretend to fully understand the US economy.. I know just enough to get myself into trouble lol... My MBA was a specialized Project Management program, and I sincerely don't think we covered this in either of the Econ courses that I took :)

What I do know (just from first reading Bessents concern a couple of months ago, and then trying to do a little further reading) is that the 10 yr yield is a major driver in interest rates tied to the housing market.. and with the yield currently as high as it is, affordable housing isn't so "affordable".. My understanding is that its impact on individual interest rates (what you pay for your house) is indirect... its real impact is that it directly effects the rates that the lenders pay for their money when they bundle mortgages..

The other concern that Bessent has spoken about is that we have a ton of debt rollover coming up, and that the cost of servicing our debt is in some way tied to the 1o yr yield as well.. so if we can bring the 10 yr yield down, the debt servicing costs go down, the economy improves, etc..etc..
 
"Who is knowledgeable on every subject?"

No one, and certainly not me. But he really needs to at least appear more knowledgeable - and tactful - regarding international affairs, IMHO.
Yea that would be great but I don't think it's going to happen;)

Trump is going to continue being Trump. I do believe he is very open to becoming more informed but on camera in his own house is not the time nor the place.
 
Looks like Zelensky got some bad advice during a meeting with Senate Democrats Friday morning before he met with Trump.


Why would he sign something which however you look at it is ever slightly one sided ....and to me how he was pushed or however you want to say it, into the possible signing smacks of extortion or blackmail....simple....i await the shit.... :D Beers:
 
But it does when our National interest includes sound fiscal management.
That is not what I am saying. Our national interests are fairly constant. How we address them is subject to policy. My concern is that this administration apparently is no different than any previous one of either party over the last thirty years. Our budget crisis is primarily caused by entitlement spending - not fraud waste and abuse. If there is no will to address those entitlements, then the only discretionary budget that can yield real savings is DOD. In doing so, while we achieve some spending cuts, we inevitably add risk in managing the national interests which are governed by our military capabilities.
 
Im far from an economist and don't pretend to fully understand the US economy.. I know just enough to get myself into trouble lol... My MBA was a precialized Project Management program, and I sincerely don't think we covered this in either of the Econ courses that I took :)

What I do know (just from first reading Bessents concern a couple of months ago, and then trying to do a little further reading) is that the 10 yr yield is a major driver in interest rates tied to the housing market.. and with the yield currently as high as it is, affordable housing isn't so "affordable".. My understanding is that its impact on individual interest rates (what you pay for your house) is indirect... its real impact is that it directly effects the rates that the lenders pay for their money when they bundle mortgages..

The other concern that Bessent has spoken about is that we have a ton of debt rollover coming up, and that the cost of servicing our debt is in some way tied to the 1o yr yield as well.. so if we can bring the 10 yr yield down, the debt servicing costs go down, the economy improves, etc..etc..
Fair enough!

Well, seems we're in agreement then. Lower yields are generally 'a good thing'.

That the Trump administration is hyper focused on bringing them down is 'a good thing'.

That the Trump adminstration's foreign policy is directly contradictory to that and it is impactful... is 'not a good thing'.

My (hazy, possibly wrong) understanding is that the 10yr yield spans far beyond just housing though. It is a major driver of the US 'base rate' for interest, which basically all other lending builds upon as the 'risk free rate'. Mortgages are one part of that, but so is corporate borrowing to build plant, buy equipment, do M&A activity. Not to mention the US governments cost of affordable capital (i.e how cheap can you borrow), and the maintenance on existing debts.

A lot of that then indirectly builds into economic growth, and also to inflation for basically all goods and services.
 
@Alistair,
just two brief comments on your thoughts.

"Well, it's a common myth that the US and the EU are friends, allies, partners. But that's not really true".

You're completely wrong. But completely.
We are (at least we used to be) a community of values that values and protects prosperity, freedom and the right to fair justice and property
Have you ever been to Germany? Do you have contact with the people?

"Support for the Iraq War in the UK for instance had approval ratings of about 45% at the time the UK joined, had dropped to below 20% 1 year in. Yet, the UK stuck it out for the duration. Why?"

Because Tony Blair(UK Primeminister that time) was never the brightest candle on the cake.
Only later did he realize what he had actually let himself in for.
The Iraq war was built on lies.
Shame on Rumsfeld,Cheyny,Wolfowitz and Bush 2, how much grief do you think they caused?
Blair supported the invasion of Iraq in 2003 and arranged for British forces to take part in the Iraq war based on the false assumption that Saddam Hussein's regime had weapons of mass destruction and
links to al-Qaeda
 
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