Tom fantasizes about what Rumsfeld should have said.
And Tom on the dollar:
But with the dollar held by so many all over the world, that decline in dollar value better be both gradual and seen as a temporary shift, because each time it happens, the euro seems to get a bit bigger on global markets, signaling the rise of an inevitable financial near-peer in Europe to go along with the manufacturing near-peer in China and the R&D near-peer in Japan. Eventually, all those economic near-peers will alter political relationships the world over, and those altered political ties will impact America's security relationships with the world, meaning the transactions implied by our exporting of security will become far more transparent, and thus will be far more scrutinized, debated, and challenged—far more so that they are even today.
This is why America's retreat to "homeland defense" sends all the wrong signals at this point in history. It says we're scared, that we're in it for ourselves, and that we less and less equate international stability with American security.
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