Ironicwarcriminal posted:

Ok well, I reckon it’s a positive anyway because Germany would have been a lot more effective without having to worry about a western front. I don’t know if they would have “won” but they may have been able to force a settlement with Russia

a strong Germany/Japan and the resulting postwar German-Russian relationship, combined with an isolationist US never woken from its slumber would have prevented or at least stalled 70 years of American adventurism and imperialism

not to mention that every single thread of today's American power can be traced directly back to Little Boy

Hugh Pill - GoldMan Sachs
Hugh Pill. Global Investment Research. London uw is the chief European economist and co-head of the Economics team in Europe

We ask the following question: For the Euro area countries of interest, how big a real exchange rate depreciation is required in order to establish a sustainable external position.



The results of our exercise are shown below. They demonstrate that relying solely on internal devaluations to correct existing imbalances implies a need for very large wage and cost adjustments. For the small and vulnerable peripheral countries (Greece and Portugal), we would need to see wages fall by at least 50% relative to Germany (from their level at the start of 2011) if this mechanism alone were to re-establish external sustainability. And even for larger and richer countries such as Spain and France, relative wage reductions (on a comparable basis) of 30%+ are needed.

Meursault posted:

Why do thet call it a sphere of influence when it's not like the influence goes down into the Earth's core or way out in space

uploaded from an android phone.