posted on Apr, 13 2009 @ 11:10 AM
reply to post by FlyersFan
According to Wikipedia, the US military budget is increasing 5.7% on last year - up to $515.4 bil.
So, the assertion is patently ridiculous - its a matter of where the money is spent that the article is critical of. I don't think a one year drop
in spending on air and sea superiority is going to make much difference.
The longer term problem is that the US govt is insolvent - and that SS 'trust fund' is likely to burn to zero as early as next year. Inflation
rates are going to be high, so nominal costs are going to increase against falling tax revenues and increases in payments to retirees - at least until
the SS runs out (next year?).
Even when the money completely runs out - don't expect any real cuts in military spending - they might increase the proportion spent domestically
though - to ensure an orderly economic disintegration, you need someone around to shoot at and lock up all the 'crazy' people and 'terrorists' who
are protesting against government malfeasance.
A bit off topic - but;
The basic tactic of printing money is this - if you borrow a lot of money, then create inflation - the amount you have to pay back is nominally the
same, but a lot less in real terms. It seems like a nice strategy - however it also smashes savings and salaries - the lower classes pay that
price.
If you want to 'win' over the next few years - here's the sure fire tactic. Buy physical gold - go a bank, and leverage that gold (take a loan
against its value) - borrow as much as you possibly can - lie to them, mortgage everything - get someone to guarantee your loan etc - get yourself in
debt to the hilt - use that money to buy more gold.
This is what will happen - the value of the gold asset will in worst case stay the same - this means its dollar will will increase as inflation sets
in - but the amount you have to repay remains the same. As the price of living increases, salaries are likely to be adjusted upwards (if your lucky
enough to have a job). In this scenario - you make big bucks over the next few years - using the governments money printing tactic to your
advantage.
[edit on 13-4-2009 by Amagnon]
[edit on 13-4-2009 by Amagnon]