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WHAT THE WORLD WANTS AND HOW TO PAY FOR IT USING MILITARY EXPENDITURES

Summary:
Of course, currency sovereigns are self-funding so they don't need to cut other programs for funding purposes. However, currency sovereigns are constrained by the availability of real resources. In this case, choices must be made based on priorities with respect to real resource allocation.WHAT THE WORLD WANTS AND HOW TO PAY FOR IT USING MILITARY EXPENDITURES

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Of course, currency sovereigns are self-funding so they don't need to cut other programs for funding purposes. However, currency sovereigns are constrained by the availability of real resources. In this case, choices must be made based on priorities with respect to real resource allocation.

WHAT THE WORLD WANTS AND HOW TO PAY FOR IT USING MILITARY EXPENDITURES

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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