“The dirty little secret of what used to be known as Wall Street securities firms – Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Bear Stearns – was that every one of them funded their business in this way to varying degrees, and every one of them was always just twenty-four hours away from a funding crisis. The key to day-to-day survival was the skill with which Wall Street executives managed their firms' ongoing reputation in the marketplace.
Well done! As an Afghan I was okay with Biden withdrawing from the country. I had hope that my people could finally start rebuilding on their own without a foreign presence. But given the recent events, Biden butchered the exit and you laid out the consequences very well.
I had already added Doomberg to my daily-check list, but this is the first article that really made me sit up and nod. Thanks for chasing your passion.
Great post. We can debate how pivotal this is to the US or the impression of the US, but your closing argument - as articulated in a single line "Oh, and 3,170 miles? That’s the distance from Kabul to Taipei." is precisely what we should be focusing on.
As a slight counterpoint to your article, you might read Peter Zeihan's latest newsletter. The gist being, although this is a very visible moment, the world has seen it coming for years. Perhaps it is not quite so pivotal a week as would appear.
When the SHTF… just remember that the first one to the bottom wins!
That final sentence packed a wallop!
Well done! As an Afghan I was okay with Biden withdrawing from the country. I had hope that my people could finally start rebuilding on their own without a foreign presence. But given the recent events, Biden butchered the exit and you laid out the consequences very well.
I had already added Doomberg to my daily-check list, but this is the first article that really made me sit up and nod. Thanks for chasing your passion.
Holy sh-t. The kicker at the end!!!!
Couldn't have said it better myself.
Great post. We can debate how pivotal this is to the US or the impression of the US, but your closing argument - as articulated in a single line "Oh, and 3,170 miles? That’s the distance from Kabul to Taipei." is precisely what we should be focusing on.
As a slight counterpoint to your article, you might read Peter Zeihan's latest newsletter. The gist being, although this is a very visible moment, the world has seen it coming for years. Perhaps it is not quite so pivotal a week as would appear.
https://zeihan.com/the-return-of-american-narcissism/
What elephant in the room?