OF THE
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North Korea is understandably nervous each and every time the U.S. and South Korea launch their very large yearly maneuvers and openly train for invading North Korea and for killing its government and people. The maneuvers have large negative impacts on North Korea's economy.
North Korea justifies its nuclear program as the economically optimal way to respond to these maneuvers.
During the Reagan presidency, the US embarked on a surge in military spending which inevitably induced the Soviet Union to respond likewise. Both countries incurred massive financial problems owing to the accelerated arms race. In the case of the Soviet Union, the unsustainable arms expenditures led to the collapse of its economy, and consequently its political system dissolved in 1991.
However, in the case of the US, it could postpone financial and political disaster because the American dollar as the top international reserve currency allowed Washington to simply keep printing dollars and pile up a mountain of debt. A quarter of a century after the official end of the Cold War, the US stands out as the biggest debtor nation on the planet with a total of $20 trillion in arrears. A day of reckoning is long overdue. [...]
Russian President Vladimir Putin is therefore prudent when he said this week that he would not allow his country to once again become embroiled in any arms race with the US. One suspects that Putin and his advisors have studied history well and understand that such an arms race - if precipitated - would lead to much more grievous economic and political problems for Moscow than it would for Washington; simply because of the peculiarity of US dollar being unfairly privileged by the global financial system.
Comment: WaPo is there whenever the CIA needs them.
The Washington Post actually takes Russian government money