Hate Crimes

Guest Post by Bill Bonner & Joel Bowman

(Eisenhower postage stamps. Source: Getty Images)

“Twenty-six of 32 four-star admirals & generals who retired from June 2018 to July 2023 were later employed in roles including executive, adviser, board member or lobbyist for companies w/ significant defense business.”

~ The Quincy Institute.

The big news today is the battle in Israel. It’s a real David vs. Goliath fight, with the US rushing to give Goliath any aid and comfort it can. The New York Times:

White House officials said President Biden told Mr. Netanyahu in a call on Sunday that military assistance is on its way to Israel and more will follow in the days ahead.

US Secretary of State Anthony Blinken sent a message encouraging ceasefire efforts. The message was quickly deleted. Apparently, war is a vote getter and money-spinner. Peace is not. Not in Israel. Not in the US.

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DUH – THE ANSWER IS SIMPLE

I’m not an economist but I did stay at a Holiday Inn Express last night. Who could look at this chart and not come to the unequivocal conclusion that we clearly aren’t spending enough on Defense. Another $200 billion to Ukraine please. This graph certainly does not portend the collapse of a military empire. Right?

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FALL OF AMERICAN EMPIRE AND DESCENT INTO A NEW DARK AGES

“The story of its ruin is simple and obvious; and, instead of inquiring why the Roman Empire was destroyed, we should rather be surprised that it had subsisted so long. The victorious legions, who, in distant wars, acquired the vices of strangers and mercenaries, first oppressed the freedom of the republic, and afterwards violated the majesty of the purple. The emperors, anxious for their personal safety and the public peace, were reduced to the base expedient of corrupting the discipline which rendered them alike formidable to their sovereign and to the enemy; the vigor of the military government was relaxed, and finally dissolved, by the partial institutions of Constantine; and the Roman world was overwhelmed by a deluge of Barbarians.” — Edward Gibbon. The Decline and Fall of the Roman Empire, Chapter 38 “General Observations on the Fall of the Roman Empire in the West”

How the fall of the Roman empire paved the road to modernity | Aeon Essays

“After a diligent inquiry, I can discern four principal causes of the ruin of Rome, which continued to operate in a period of more than a thousand years. I. The injuries of time and nature. II. The hostile attacks of the Barbarians and Christians. III. The use and abuse of the materials. And, IV. The domestic quarrels of the Romans.” — Edward Gibbon. The Decline and Fall of the Roman Empire, Chapter 71 “Four Causes of Decay and Destruction.”

The moniker of my website originated from a quote by David Walker, then Comptroller General of the U.S., in 2007. I wholeheartedly endorsed Walker’s viewpoint and become politically active in trying to get Ron Paul elected as president in 2008 and 2012. It was a fruitless effort, as the uni-party in Washington DC, controlled by the dark forces of the Deep State, do not allow men and women who truly want to reduce the size and scope of government to ever get elected. His warning sixteen years ago is a perfect example of being right but being early. When talking about the decline of empires, you are really deliberating about a process, not an event. The Roman Empire did not fall on a specific day due to a specific cause. It collapsed in stages over hundreds of years due to numerous reasons, each triggering events which compounded upon each other and ultimately led to the final collapse.

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Memo to the Next Administration: Defense Spending Must Be For Actual Defense

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In a disturbing indication of how difficult it would be to bring military spending in line with actual threats overseas, House Armed Services Chairman Rep. Mac Thornberry (R – TX) told President Obama last week that his war funding request of $11.6 billion for the rest of the year was far too low. That figure for the last two months of 2016 is larger than Spain’s budget for the entire year! And this is just a “war-fighting” supplemental, not actual “defense” spending! More US troops are being sent to Iraq, Syria, Afghanistan, and elsewhere and the supplemental request is a way to pay for them without falling afoul of the “sequestration” limits.

Continue reading “Memo to the Next Administration: Defense Spending Must Be For Actual Defense”

THANK THE MILITARY INDUSTRIAL COMPLEX FOR THE “SOARING” GDP

We don’t need no stinking wage growth or consumer spending. We’ve got our corporate arms dealers fighting evil terrorist around the globe with your tax dollars. That equals economic prosperity in our warfare/welfare empire of debt. Don’t forget to buy stocks with all your disposable income. Grandma Yellen says you need to accumulate more assets to become rich.

 

Why Did Q3 GDP Jump: Thank ISIS And The “War On Terror”

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As we noted previously, the main reason why Q3 GDP surprised to the upside was thanks to yet another accounting gimmick, where it wasn’t the US consumer leading to US growth, as has historically been the case, but because the government stepped up, and boosted GDP by the most since Q2 2009.

 

So just which aspect of government taxpayer fund recirculation was responsible for this sudden boost in US “growth” (leaving aside the philosophical debate whether government capital allocations ever lead to grwoth)?

The answer is shown in the chart below showing the quarterly change in US National Defense spending: at by $30 billion, it was the most since 2008!

In short: thank you ISIS and renewed war on terror.

And what is more disturbing, as we noted earlier, is that the Fed had this data when it decided yesterday to end QE and to present its “surprisingly hawkish” assessment of the economy, suggesting the Fed is comfortbale with defense spending as a marginal leader of US growth (and is also not seeing any snow whatsoever this winter)

So… the “Fed war put” anyone?

Source: St. Louis Fed

DEBUNKING THE GUTTING OF MILITARY STORYLINE

“War is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.” – General Smedley Butler – War is a Racket

I peruse a number of websites everyday as I look for interesting articles to post or reference in one of my articles. I agree with many conservative leaning websites when it comes to economic issues, but when it comes to war mongering and flag waving, I go my own way. Any site that supports our empire building and excessive spending on war is not a conservative website. You can’t act in a fiscally responsible sustainable manner without dismantling our war machine and taking on the military industrial complex. You’re a faux fiscal conservative if you think we can continue to spend $800 billion per year on war with no financial implications. The entire Federal budget was $800 billion in 1983.

The latest storyline being propagandized by Mad Dog McCain and his band of merry neo-cons is that Obama’s latest defense budget will gut our military and make us susceptible to attack from all of our enemies. The mainstream media mouthpieces like Fox News repeat these boldfaced lies without seeking facts or real data. The power of the military industrial complex is dangerous to our citizens. They have bought off Republicans and Democrats in Congress and they control journalists who get paid to write scary articles about the horrific budget cuts and danger to our nation. It’s all lies. Spineless corrupt politicians like Bush and Obama do and say whatever is necessary to win the most votes. Statesmen like Dwight D. Eisenhower stood up to the military industrial complex and their bought off lackeys in Congress.

“In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.”

Statesmen are like bald eagles around here – almost extinct.

The United States spends more per year on war than the next thirteen countries combined. That imminent attack by the Iranian navy may be overblown. Our generals blather about the threat from China, that spends 18% of our budget, and threat from Russia, that spends 7% of our budget. The mainstream media articles and fear mongering drivel from our corrupt bought off politicians are nothing but propaganda designed to keep the billions flowing to the arms peddlers like Lockheed Martin, Northrup Grumman, Raytheon, Boeing, and the rest of the dealers of death. Politicians who have been bribed with decades of “political contributions” won’t even vote to get rid of weapons programs the military no longer wants.

It’s interesting how politicians are able to tell citizens they are only spending $520 billion per year on war when the true figure is $820 billion. Obama’s FY15 budget says we are going to spend $520 billion. He conveniently leaves out the cost of ongoing wars and the cost of past wars. We are still spending over $100 billion per year on our ongoing wars in Afghanistan, occupation in Iraq, and provocations in Libya and Syria. We are also providing military support of $50 billion to Egypt, Israel and dozens of other countries around the globe. Lastly, we spend over $150 billion per year on veterans of past wars. Our beloved leaders move that expense to another line item in the budget and pretend it is not a cost of war. The American people have short attention spans and once our wars of choice aren’t on the nightly news anymore they think it’s over. Tell that to the families of the 7,100 dead soldiers killed in our Middle East invasions, along with the 50,000 badly wounded servicemen, and the thousands more mentally damaged by the ordeal.  The cost of war goes on forever. Government obfuscation does not fool anyone with critical thinking skills.

The dogs of war – McCain and Graham,  along with hundreds of other war mongering pricks in Congress claim Obama is some pacifist attempting to dismantle our beloved military. These traitors of truth evidently can’t understand math or charts. Bush’s last war budget was $731 billion. The Iraq war has ceased and Obama is still spending $820 billion per year on war. Does it sound like the military is being gutted? Are we more in danger of being attacked by another country today than we were in 1999? That is the question that should be asked. They call it the DEFENSE budget because it is supposed to be used to defend us from attack, not to bully countries throughout the world and attack sovereign countries who are no threat to our security. Isn’t it convenient that the U.S. provoked overthrow of the democratically elected government of the Ukraine has initiated a new media created “Cold War”?

The country was sufficiently defended with a war budget of $333 billion in 1999. No one invaded us or threatened to invade. The Cold War was long over. The military industrial complex needed a 9/11 to revitalize their profits. The neo-con/military industrial complex created War on Terror has opened the door to never ending wars of choice around the world with no consent or approval from the people. War spending grew to $879 billion by 2011, a 164% increase in 13 years. Over this same time frame GDP grew by 74%. Does this sound like the military has been short changed? The fear mongering neo-cons and conservative websites are nothing but nattering nabobs of nonsense. Even the hint of slowing in spending on our empire building creates an urgency for a new evil enemy. Is it a coincidence that Vlad Putin has now emerged as an existential threat to our freedom and liberty according to the den of vipers in Congress, the military industrial complex, and the corporate media mouthpieces?

Even the dreaded sequester would have done nothing but slowed the rate of growth in war spending. You have to understand that a Federal government spending “cut” isn’t really a cut. It means the increase in spending you anticipated will be slightly lower. Of course, the one party system in Washington DC compromised and eliminated the sequester “cuts”. Those politicians need those “political contributions” to get re-elected in 2014. Defense spending will be far higher over the next decade, not including the inevitable wars of choice we are led into by our noble leaders. Putin must be stopped. Assad must be stopped. Iran must be stopped. China must be stopped. The world policeman must do his job and bankrupt the empire. War is highly profitable for peddlers of debt, corporate dealers of death, and the politicians getting bribed by Wall Street and the military industrial complex. The peasants who are sent off to die are nothing but cannon fodder for the power brokers of death, destruction and debt.

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The war mongers will continue to use propaganda and misinformation to convince you we are in danger if the war budget is cut by 2%. The truth is that we need to cut the military by 50%, stop trying to operate a world empire, and withdrawal our troops from Germany, Japan, and the dozens of other countries around the globe. We need to stop handing billions of dollars we don’t have to Israel, Egypt and dozens of other countries so they can buy arms from our arms dealers. We are the cause of all the war and violence in this world. The job of our military is to protect our borders, not to police the world. Hubris, arrogance, and overreach, financed by central bank created debt, is how empires die.

“As many frustrated Americans who have joined the Tea Party realize, we cannot stand against big government at home while supporting it abroad. We cannot talk about fiscal responsibility while spending trillions on occupying and bullying the rest of the world. We cannot talk about the budget deficit and spiraling domestic spending without looking at the costs of maintaining an American empire of more than 700 military bases in more than 120 foreign countries. We cannot pat ourselves on the back for cutting a few thousand dollars from a nature preserve or an inner-city swimming pool at home while turning a blind eye to a Pentagon budget that nearly equals those of the rest of the world combined.”Ron Paul

Understand where they are spending your money:

http://www.usgovernmentspending.com/year_spending_20XXUSbn_XXbs2n_3031_051