Saturday, August 7, 2010

Scarcely Surprising Correlation


"There's a hole in daddy's arm where all the money goes, Jesus died for nothing', I suppose." These words from the classic John Prine song Sam Stone and the unfortunate child of a heroin addicted veteran who cannot support his family might just as well express the despair and anguish of many Americans in regard to their "fatherland"as we witness the swiftly approaching collapse of Anglo/American empire, built and sustained on extortion, criminal racketeering, and a now unravelling and unparalleled Ponzi scheme designed to support an all consuming addiction to war. The decades long pillage of the resources of the planet and the economic and political bondage of its inhabitants has been financed and controlled by the issuance of public debt through the US dollar its debt instrument, the US treasury bill. The hegemonic and genocidal international enterprises of the US military have been the prime beneficiaries of this colossal orgy of waste which has almost single handedly reduced the nation to the pathetic remnant of its all too brief and unprecedented sea to shining sea ascendancy. This historically meteoric rise and subsequent suddenly looming and now imminent downfall give increasing relevance to Georges Clemenceau's pithy and prescient words: "America has gone from barbarism to degeneracy without the usual interim of civilization"

"Even defense hawks are recognizing that the immense spending of the past decade while the U.S. military has been fighting two wars at a cost of more than a trillion dollars means it will soon be time to pay the piper."

“The fact that U.S. defense spending has doubled during the same period that its economy has shrunk from 32 to 23 percent of global output tells you a day of reckoning lies ahead for U.S. defense spending,” wrote industry analyst Loren Thompson, CEO of the Lexington Institute. “Five percent of the world’s population can’t keep sustaining nearly half of global military outlays while generating only a quarter of global output. … We have reached a point in our history where our resources are so constrained that the only way we can maintain our current military posture is to borrow money from the future military adversary we should fear the most — China. Obviously, this is not a tenable arrangement over the long run.” http://www.nationaldefensemagazine.org/archive/2010/March/Pages/DefenseWatch.aspx

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