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Showing posts with the label Saudi Arabia

The Suicidal Middle East

One foreign policy problem the US faces comes from the concept, “Only we can fix it.” We messed up Middle East stability by toppling Saddam Hussein, a tyrant of the first order. Yet he understood his turf.   The USA invasion opened the door to Iran. Enter Iran, not exactly a softball team.   Now we’re trying hard to close that door. And failing. In another failing of the US is it always underestimates just how much pain, suffering, and starvation despots will accept on behalf of their people. Under current sanctions, every day Iranians are in dire straits.   Venezuelan citizens have access to even less without concern by their government. North Koreans endure impoverished lives for the glory of the controlling regime. Russians suffer calmly as only they can. The latest Middle East attempt from the US is to unleash Turkey, whose boss, Recep Tayyip Erdoğan , is brimming for big power. Trump has now given him the chance. So, Erdoğan , accustomed to only small-time opposition,

Random Data

How big is the national debt?  You know; it’s about USD 20 trillion.  And how big is that?  We could stack dollars upon one another to reach the moon and back – in fact, three round trips!!  Yeah! So what?   More tellingly, with the $20T bucks you could buy every single stock included in the S&P 500 - meaning you can own outright every company so listed.  For example, you would completely own the top fourteen, Apple Inc, Microsoft, Alphabet (Google), Exxon Mobil, Johnson & Johnson, Amazon.com, Berkshire Hathaway, General Electric, JPMorgan Chase, Facebook, Wells Fargo, AT&T, Nestlé, and hundreds more.   It is estimated that over all of human history 5,820,203,717 ounces of gold have been mined.  At the current price of about $1200/oz, this values today at $6,984,244,460,400, or about 1/3 of the total US debt.  Or you can win the (average) Powerball Jackpot about 322,000 times. That average is just over $62,000,000.  Or you could give every US citizen $57,000 c