Nixon on Larry King Live 1990 via @YouTube
With all his faux pas and shortcomings.
#Nixon was a great statesman and a natural diplomat.
He understood the world better than most of his predecessors.
After him, the USA has not been able to mimic another leader like him in the Oval Office.
I am not being satirical.
#Nixon and his #Domino Theory in Former French Indochina turned out to be quite right.
After the Americans left the region, both #Laos and #Cambodia fell into Communists hands.
South #Vietnam fell as well.
The remarkable resemblance with Modern Day #Afghanistan.
Especially, #Nixon and #Kissinger's views on Indira Gandhi were quite #boisterous, to say the least, in terms of explaining #geostrategy. ;)

If it ever was, #Vietnam, was a strategic geopolitical failure of #Eisenhower and his regime.
Firstly, they supported the wrong man, Diem, as the leader of the Vietnamese, who ruled with an ironclad fist from 1950-63
The #Buddhist Revolt in Vietnam brought the #Diem Regime down.
#Laos had a Pro-American monarchy.
Americans fought a secretive war inside that kingdom until the king succumbed.
The relatively peaceful transition of power from the royal family to the communist in Laos remains an exception to the rule.
Loads were sent off to re-education camp
#Cambodia, the Afghanistan of the French Indo-Chinese World, was one of the most heavily armed and supported nations within the American Camp.
They got billions in arms shipments and economic assistance.
The large no of ghost soldiers scattered away when Pol Pot forced his way in
#Laos and #Kampuchea (Cambodia) remain remarkable precedents in Modern History, where, the royals either eagerly joined the Communists, or sided with them during periods of internal strife and civil wars.
King Norodom Sihanouk, an e.g. who sided with the murderous Pol Pot Regime.
It was only later in 1979 when the Vietnamese Army, the #NVA, moved into #Cambodia to drive out Pol Pot and his brash bunch of brutes.
Brash is a polite word to what these murderous communist experimenters were doing to the ordinary Kampucheans.
Forced migrations, murders, etc.
Wherever Marxism-Leninism, or #Maoism, or any other variant of Communism, came into existence, that nation's psyche never returned to normalization.
Look at #Afghanistan, and #Ethiopia.
Both nations are still reeling from the effects of collectivization and scientific socialism.
So, #Nixon was right when he asked his foreign office and the CIA to always find out that the brutal dictator they were supporting somewhere in the Third World was or wasn't a communist sympathizer?
#Chile & Pakistan are interesting e.g.s, where the USA sided with military juntas
Read this =>
The Nixon Doctrine: A Saga of Misunderstanding
Jeffrey Kimball
Presidential Studies Quarterly
Vol. 36, No. 1, Presidential Doctrines (Mar. 2006), pp. 59-74 (16 pages)
Published By: Wiley

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More from @SAH16928046

28 Dec
Many academic institutions are kinda confused when it comes to launching new degrees such as #FinTechs, Data Sciences, Business #Analytics, Machine Learning, Ai, etc.
There does not seem to be a standardized curriculum for such programs as we see in other academic disciplines.
Just combining courses from Maths, Statistics and Computer Sciences Faculty will not give you a Data Science Degree Program.
That is the mistake that universities're making at the moment.
Highly Amateurish.
The same mistake was made when business schools Physics,& Engineering Departments came together to launch applied Mathematical Degrees such as FE- Financial Engineering, etc.
#Quant #Finance was probably the most sought-after degree before the #GFC and later the lies got exposed
Read 5 tweets
27 Dec
Does risk management involve a lot of maths?
@SOActuaries @GARP_Risk @CQFInstitute @PRMIA @CFAinstitute @irmglobal
Yes and No!

It's a well-rounded discipline.
For #Actuarial, #Insurance, Financial Engineering, #Quantitative #Finance and Investment Management, #Mathematical #Trading, and #Financial Risk Assignments, you might require a lot of Maths and Statistics.
Is like asking whether we need milk and sugar for making ice cream ;)
Read 8 tweets
26 Dec
Is there really a purpose of having a PhD title, next to your name, if you cannot publish journal articles, write monographs or books,etc?
Why waste 3-7 years at some university?
Applied PhDs for enhancing work-related experiences are better for those who would like to only work?
I was giving advice to one student who had an #MBA.
He got rejected by all the leading universities in the UK, and the USA that offered doctoral research programmes because of his quantitative background.
The reason cited was that professional degrees are not fit for purpose.
Your best choice after doing an #MBA would be a #DBA.
That too, after gaining traction, concerning subject expertise at the workplace for several years.
DO NOT directly enter into a DBA!!
That will be a travesty.
Read 5 tweets
25 Dec
I do eulogize about #Lee #Kuan #Yew from time to time when one needs to seek guidance from a role model.
When asked why didn't #China collapse like the #USSR.
His reply was that the former didn't embrace #glasnost and #perestroika together like the latter did, and paid the price.
Perestroika(Restructuring) began with the Open policy in China under #Deng Xiao Peng.
Gorbachev gets all the wrong credit for its introduction in the East.
Yes, Glasnost (Openness) was a Soviet attempt to embrace human freedoms.
The Soviet Masses were shocked by it.
Chaos ensued.
Good documentaries.
Brings back my childhood memories.
Read 4 tweets
23 Dec
"Americans increased the Defence Budget to the tune of USD 200 Billion per year between 1980 and 1987"
One must learn Crisis Management from Military leaders and Geostrategic Affairs Experts.
Leadership, management and entrepreneurship can all benefit from wargaming and decision-making did on the battlefield.
An interdisciplinary approach to problem-solving helps a lot!
#MacNamara is right about three things when he sums up a crisis situation
1. Misinformation exacerbates a crisis
2. Emotionalism can ruin strategic decision-making
3. First information received in the event of a crisis is always wrong leading to an error of judgement
Read 9 tweets
23 Dec
Positive Real Interest Rates are required to reduce inflation.
Negative Real IR's do not help rein prices.
This little much cannot be understood by the central bankers in high-inflation economies?
That works if the source of inflation is the money supply growth due to the deficit
However, if the source of #inflation is supply-side shocks, then raising policy interest rates might hurt more.
For e.g. the Exchange rate shock which brings in imported inflation into the economy needs forex supply to counter the import/outflow demand.
IR is the painful lever
yes, a higher CB Rate should technically curb aggregate demand and expenditures in the economy.
It can reduce the domestic money supply as bank borrowing declines and thereby reduces the monetary base.
Which should taper the imports & adjust the Current a/c.
Shock Therapy 101
Read 9 tweets

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