| November 28, 2008 at 10:07:39 The Iraq War is cheap compared to.... by Steve Consilvio Page 1 of 1 page(s) |
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People regularly complain that the war in Iraq is costing the US too much, but compared to the amount of interest we pay on the National Debt, it's short money. The Iraq War costs approximately $10 Billion a month, whereas interest payments on the National Debt are $19 billion amonth.
SInce March, the Fed has created an additional 7 Trillion worth of debt. To get this into perspective, when Bush came to office, the National Debt was only $5 Trillion. The monthly interest expense will be going way up!
Resist your impulse to blame Bush; bust must follow boom. Clinton's inflated dotcom boom has created this bust. Calvin Coolidge presided over a booming stock market and surplus annual budgets, too. As soon as he left office, the ponzi scheme collapsed. The same thing has happened with Clinton and Bush.
9/11 and the war has made things worse, but you may recall that the economy was tanking before 9/11. The Fed is trying to prop up the economy by printing more cash. This Keynesian approach will not work. It didn't work last time, either.
So what happened? Blame the middle-class. Social Security was created because speculation destroyed the economy. But within a generation the middle-class was speculating again because 'Social Security wasn't enough to retire on.'
Sure, the fatcats on Wall Street deserve some blame, but they only hold the door open. It is the players that keep the game going. How many middle-class people don't have a 401K? The interest that the government is paying is the same money that others are collecting. In effect, we are paying more taxes so we can pay ourselves more interest.
Worse still, most people have a 401K and a mortgage simultaneously. They are collecting interest with one hand and paying it with the other. Orwell would call that financial doublethink. So if you are wondering why war is peace in our political diplomacy, take a look in the mirror. If you believe 2+2=5, then you are infected with doublethink.
We now have high school students going directly into debt upon graduation, and young children investing in UPlans and other such nonsense. Everyone has both hands and their teeth in interest. There are no more new players to sucker into the game, which is why it is collapsing.
Don't worry, there is a cure. Just as peace can cure war, 2+2=4 can cure 2+2=5. Stop taking interest, and others can stop paying interest! There is more than enough 'money' in the world, but we are handling it improperly.
We have become slaves to ourselves, and the fear of tomorrow. But if you can be wiser with your money, then you can be wiser with other things, too.
Afterall, this is why we were attacked on 9/11: You are the nation that permits Usury, which has been forbidden by all the religions. Yet you build your economy and investments on Usury. As a result of this, in all its different forms and guises, the Jews have taken control of your economy, through which they have then taken control of your media, and now control all aspects of your life making you their servants and achieving their aims at your expense; precisely what Benjamin Franklin warned you against. -Bin Laden 2002
His cheapshot against the Jews notwithstanding; Muslims, Christians, Jews and Atheists all take interest from those forced to borrow, but all religions do warn against it. This is because the next generation is always indebted to the previous generation, which owns everything before they arrive. If you charge them interest, then they are doubly screwed.
Sending the young to war to defend a system that is screwing them is totally insane, but they are young and innocent, and know not what they do. Do you? Did your parents?
If you want to see a better world, then you must get out of the stock market. Pay the penalty, pay the taxes, pay down your mortgage instead.
What you are collecting is blood money, and it is your blood that you are collecting! Doing nothing is easy. Doing the right thing is always hard. The Iraq War is cheap compared to the lives we waste. Put your money where your heart is.
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