Economic Strength Quotes
To a great extent, the same is true in our modern world.
Actually the statement is not literally true though the exceptions are not numerous. People who sold their American common stocks before the 1929 stock market made money. The few people who bet against the U. S. Housing and Mortgage markets before the Meltdown of 2008, made a great deal of money. Over extended long periods, Biden’s statement is true.
The automobile assembly lines of Detroit, had been planned to be converted to factories to produce a huge supply of planes, tanks, trucks and guns which were instrumental in winning the Second World War.
For hundreds of years most people of the world believed this. In the latter half of the 20th century, however, a very small nation, Israel, not only defended itself against nations many times their size but did so against the attacks of all of them together. The Israelis became so powerful that many in the world began to rethink the Gervaise principle and placed more value on the educational and technological competence of a nation. Modern technology eliminated the criticality of population size.
The Iranians have longed to be a major world power ever since Alexander the Great conquered Persia. The aspirations of the Theocracy is not new. It was strong with the Shah and almost all Persians for 2 thousand years.
