Government debt: the wet dream of bankers and weapons makers

 

 

 

 

 

 

 

JM wrote:

 

Have you ever wondered out of the billions of people in the world, how the economy is actually divided and categorized? The worldwide debt is over 230 trillion dollars as of 2015. The government system has several flaws that contribute to our economy. We as people also are a huge if not a bigger contribution to the problem.

Until we change as a nation, we will continue increasing our debt and nothing is going to change. I’m doing my part and I know many of my friends and family are doing their part. If you are not doing your part, step up and make a difference.

 

 

 

 

The idea that debt itself is always bad is delusional. When I sign a 12-month lease, that creates a legal debt. So what?

it is also typical that governments burden taxpayers with massive national debts. That is the design of these systems (as directed by special interests, lobbyists, diplomatic blackmail and so on). Some industrial interests create a government to use force (tax extortion systems) to redistribute wealth from the masses to the industrial interests (including weapons manufacturers). The governments pay whatever rates that the lobbyists can get approved (like $500 for a hammer or $95 million for a few rockets) and then the citizenry is programmed to obediently pay back the debt for decade after decade. The Swiss and the Vatican are sometimes identified as the big lenders that also make enormous profits from these arrangements.

Since the US is probably the biggest supplier of weapons of mass destruction to the rest of the world (and counts domestic civilian military casualties only in the thousands per decade), it is fair to say that the US is one of the safest places as well as one of the places most benefitting (in terms of jobs for the middle class) from the global network of imperialism. We (the US) have a lasting military presence in not just a handful of foreign nations and not just a few dozen, but over a hundred.

We are the firepower (or a big part of it) that keeps the global taxpayers compliant with the systems of war debts. There are people in Asia making $10 a day so I can get an I-phone for free (with a 2-year service contract).

what most people do not get (beyond all of the above which is rather self-evident for anyone who dares to look) is that these massive debts are not all expected to be paid. Where the US middle class is so weak is their idealism and lack of discipline in regard to going so deep in to mortgage debt (and other debt) that entire neighborhoods, cities, and states will go bankrupt. There are alternatives for people who are willing to adapt, but I assert that people anxiously fixating on compensating for some internalized guilt by “fixing the system so that it fits with some ideals indoctrinated through school programming” are what I will gently call “out of focus.”

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