"America is a war economy" - the ultimate Pandora's box?

Originally posted by Solomons
reply to post by Hastobemoretolife

 

And that debt is owed to the military industrial complex...just because the people of America are in debt doesn't mean the bankers and military manufacturers dont get some nice profits when it comes to warfare.

No, the debt is owed to the Treasury Bond holders. Which an be anybody (including you).

Originally posted by Hastobemoretolife
Every time we come out of a war we go through a recession, because off the debt that we have racked up.

Not to worry , since the end of WW2 , they've been busy crafting a solution for that: Perpetual War

and wouldn't you know , the PWP is still up a healthy 39.69%....

About the PWP:

Inception
of PWP (12/2/02)

The Perpetual War Portfolio is an evenly weighted basket of five stocks poised to succeed in the age of perpetual war. The stocks were selected on the basis of popular product lines, strong political connections and lobbying efforts, and paid-for access to key Congressional decision-makers.

Full Text

....but , with a good percentage of the pentagon' defense budget funded by foreign purchasers of US debt...it appears they're finally beginning to revolt.

Michael Hudson: De-Dollarization and the Ending of America’s Financial-Military Hegemony


Interesting thread...thanks!


GL