Tet Happened, and No One Cared – New York Times

http://www.nytimes.com/2008/04/06/opinion/06rich.html


An illustration of your half-a-million-dollars-per-second war



Look, my American friends, there IS one easy answer: you simply cannot afford it. The withering value of the dollar RIGHT NOW is largely a result of a three-trillion-dollar war fought right in the face of a staggering debt. The HUBRIS of a nation that presumes to police the world, and occupy a large part of it while, at the same time, supporting such actions with DEBT is absolutely incomprehensible to the rest of us, watching and waiting, all over the globe.

The value of the dollar is the by-product of multiple factors including: lack of the American public’s saving behavior, low interest rates in the US, huge trade deficits, etc.

Look at your history. There was a direct and historically-corroborated relation between the failure to raise taxes to pay for the war in Vietnam and the “stagflation” of the 1970s and early 1980s. Unfortunately for the American “empire”, war is MUCH more expensive now than it was then — particularly because most of the “casualties” don’t die, and have to be supported by the public for generations afterward.

The American “empire” is going the way of the Spanish empire way back — and for much the same reasons: a belief in a “divine mission”, a manic aspiration to crusade worldwide for a “cause”, and economic mismanagement.

Is it not the nature of events to be cyclical? The American empire has actually lasted longer than the Roman and others; therefore, it is overdue.

Meanwhile, the Chinese appear on the ascendancy.

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About Klassy

How Klassy got her groove back.

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