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<p>[QUOTE="medoraman, post: 5425155, member: 26302"]Still have to disagree. I believe modern history shows economic strength comes first, then military. The reason we were so strong in WWII was we had built up our economy. Were we afraid of China back in Mao's time? No, they were a backward nation. </p><p><br /></p><p>I would say as long as our ECONOMY is strong, that is the attraction to the USD. Look at the Swiss. Currency very much in demand with basically no military. The EU's military is not impressive, yet the Euro is stronger than the USD. If military prowess led to monetary strength, why was the Soviet Union so weak? Why did the West German currency strengthen post WWII but the East German not? East Germany had a stronger military.</p><p><br /></p><p>To quote some politician I do not recall who said it, "its the economy, stupid". Btw, do not mean to call anyone names, that was the quote.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 5425155, member: 26302"]Still have to disagree. I believe modern history shows economic strength comes first, then military. The reason we were so strong in WWII was we had built up our economy. Were we afraid of China back in Mao's time? No, they were a backward nation. I would say as long as our ECONOMY is strong, that is the attraction to the USD. Look at the Swiss. Currency very much in demand with basically no military. The EU's military is not impressive, yet the Euro is stronger than the USD. If military prowess led to monetary strength, why was the Soviet Union so weak? Why did the West German currency strengthen post WWII but the East German not? East Germany had a stronger military. To quote some politician I do not recall who said it, "its the economy, stupid". Btw, do not mean to call anyone names, that was the quote.[/QUOTE]
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