The recent headlines say Trump will begin talking about cutting domestic spending next week, essentially moving more money into defense. Thinking people have to ask, why? Doesn't our bloated military industrial complex already have enough? We're in the process of pulling out of Syria, right? What's this extra budget needed for?
If the move to cut domestic spending is to stop racking up debt and balance the budget then I think it is a good thing. But if that is the case, why spend more on defense? Why not spend less on them too? The plan talked about in the article looks to try to balance the budget in 15 years. I can tell you with certainty, that will never happen because it's waaaaay too far out there. That is a total pipe dream and even if Trump is sincere, he won't be in office for most of that time and the next president will stop all of the austerity measures the first time there is another economic down turn.
I suspect most Americans do not understand the existential threat that we face as a nation even though the ideology differences that underpins this threat are on public display daily, just as I said they would be as a major sign of the impending collapse of the Global Debt Ponzi. The overarching threat to our national security is our debt. At some point we are going to admit that we cannot pay it off. Trump already told us that as soon as interest rates go up or the economy goes into recession making our debt more obviously unpayable even to those who are slow on the uptake, that he was going to haircut the creditors.
If you default domestically then you risk a coup. If you are worried about that then keep your friends close and your military closer. And there is nothing like paying out bribes to our military industrial complex for garnering their support. Clearly the opposing force would promise them the moon and stars if they will only switch alliances. So the smart play is for the existing boss to cement that relationship before shit goes down.
If you default internationally then you risk a war. You borrowed something and now you don't want to pay it back. And failure to pay it back means that others who thought they were solvent because of what you owed them are now just as insolvent as you are. If a global war is brewing then again it will be well advised to keep the military well funded going into that.
Neither of these sound too great for the common man but what in the fuck did you think was going to happen by sitting back and saying nothing as they ran the debt to the moon without even using the money to upgrade our infrastructure. Ignorance of what money is and acceptance of fake money as if it were real will certainly catch up to all of us at some point. And since the function is exponential, likely sooner than most people think is even possible. Time compression, as I have clearly stated several times in the past, is a major artifact of exponential functions. If someone says "I never even saw it coming" then you can be pretty sure there was an exponential component in there. And our debt is clearly going exponential. Unfortunately, there is no correct path that if taken just right by a smart person will avoid the coming collapse in whatever form it might take. The damage is already done. The ship is full of holes and it is overwhelming the bilge pumps.
Saturday, March 9, 2019
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The Roman emperor Septimius Severus, in his deathbed, advised his squabbling sons to "make peace with each other, pay the Army well, and to hell with everyone else!" He had also appointed soldiers to most top administrative positions of the empire.
Any resemblance with the present is not merely coincidence, but history being repeated as a farce.
History doesn't repeat nor does it rhyme, but it darned sure is fractal in nature...
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