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Originally posted by pkcRAISTLIN borrowing power has nothing to do with the military (directly). Borrowing power is determined purely on the belief that a country is good for the debt.

Exactly. You don't borrow with military power. You take.

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Originally posted by Joss Weatherby You don't borrow with military power. You take.

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Originally posted by pkcRAISTLIN borrowing power has nothing to do with the military (directly). Borrowing power is determined purely on the belief that a country is good for the debt.

And one of the reasons we're believed to be good for the debt is that our military ensures our existence long-term. That's all I'm saying. I didn't say they were directly related, but they are related.

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Originally posted by Sushipunk At least last time you Brits got pissed off, we got punk music out of it. This time, it'll probably just end up being embers breaks

You could say that about every single nation that isn’t a cesspool of instability. The size or strength of one’s military is unrelated. Japan has a monster debt and have no real military to speak of.

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Originally posted by pkcRAISTLIN You could say that about every single nation that isn’t a cesspool of instability. The size or strength of one’s military is unrelated. Japan has a monster debt and have no real military to speak of.

True, but they're backed by our's. (though they can't use our's to go take another nation's wealth, so my point becomes a little moot here)

If our military isn't what ensures our "credit", then what would you say does most-of-all? GDP? Control of the World Bank/IMF?

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Originally posted by Sushipunk At least last time you Brits got pissed off, we got punk music out of it. This time, it'll probably just end up being embers breaks

The economy; the belief that bonds are a good, low-risk investment when compared to investors’ other options.

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Originally posted by pkcRAISTLIN You could say that about every single nation that isn’t a cesspool of instability. The size or strength of one’s military is unrelated. Japan has a monster debt and have no real military to speak of.

Actually they have a very formidable fighting force. They are ranked 24th and the JSDF is larger than Canada, Australia and the United Kingdom.

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Originally posted by Joss Weatherby Actually they have a very formidable fighting force. They are ranked 24th and the JSDF is larger than Canada, Australia and the United Kingdom.

I should hope they had more men than ours! But I thought it was a largely ceremonial force? Or has that changed in recent years?

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Originally posted by pkcRAISTLIN I should hope they had more men than ours! But I thought it was a largely ceremonial force? Or has that changed in recent years?

No they maintain a very active, trained, and well equipped military. They only spend 1% of their GDP on it, but that comes out to be something like almost 60 billion USD a year on it.

They are forbidden to deploy a fighting force anywhere beyond their islands, but they keep a very large one at home and a very active maritime force to cover their large number of far-flung island territories. Their navy is particularly modern, including a number of AEGIS class guided missile cruisers with anti-ballistic missile technology.

Well, thanks for the correction.

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All right, I come from a country ranked B by S&P and I don't understand what's this commotion all about. Isn't AA+ still good? I'm completely ignorant when it comes to economics, finance, and Aussie rules football.

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