RSS
When I was a boy growing up in New York City I was taught – and re-taught – to always save half of my weekly allowance and never spend more than I had in savings.
Too bad Joe Biden was not taught this useful Presbyterian virtue. Recently, Biden’s government has sought $106 billion in the latest aid for arms for Israel and Ukraine, the biggest expenditure since the Vietnam War. This while the bills for the incredibly foolish war in Afghanistan keep coming in, to date $2 trillion.
Now, the US in high-fever pre-election time, is lavishing billions upon Israel. Most of the world is trying to get Israel out of its lethal rampage in Gaza, but the US and its failing colonial partner, Great Britain, continue to wave the banner of empire. Britain, as hardly anyone has noticed, has been bombing Yemen for the past 14 years, supplying warplanes, bombs and mercenary pilots and technicians.
President Biden is growing desperate as the election draws closer. Polls show him way behind Donald Trump. Both Trump and Biden are too old for the job of president. In my old-fashioned view, only military veterans should be allowed to run for high office.
Meanwhile, Biden is splashing around tens of millions on schemes for blacks, who have become his electoral mainstay. Jewish voters who ardently back Israel are said to provide a large proportion of the Democratic party’s finances. They are advocating deeper US involvement in the Gaza Conflict and even more money for Israel, already the largest recipient of US cash.
Pandering to Israel is standard pre-election behavior. In the old days elections were always marked by huge cash grants and the latest US weapons lavished on Israel. And money on the ‘three I’s,’ Israel, Italy and Ireland.
Biden and his aides seem to have lost all concept of money. What’s being dished out to Ukraine and Israel is green paper. This huge amount was not raised in true democratic style but by slapping these mammoth charges on the national credit card – better known as the national debt.
The newly proposed $106 billion for Israel and Ukraine will delight partisans of the two beleaguered nations. But what people forget is that these little green pieces of printed paper are IOUs for the nation’s debt. Much of the war costs we have incurred were for Iraq, Afghanistan and now Ukraine and Israel which, in Washington’s eyes, have become almost one united nation. Talk that Ukraine is fast becoming `new Israel’ appeals to many Israeli voters whose ancestors came from Ukraine or western Russia.
Joe Biden has created a tsunami of inflation with his giveaways to black voters, his open-ended support of Israel’s far right government and now billions more spending. It’s been a financial disaster. Donald Trump understands. After all, it was he who ended the stupid, pointless war in Afghanistan.
Now Biden and his free spenders are inflicting even more runaway debt on the government. The latest, in January 2024, is $34 trillion of debt! We are in hock up to our heads, yet we still keep dishing out the little green paper. This is the behavior of very drunken sailors.
English
Arabic
Chinese (Simplified)
Dutch
French
German
Hebrew
Hindi
Italian
Japanese
Korean
Persian
Polish
Portuguese
Russian
Spanish
Swedish
Turkish
Vietnamese
Keep spending!
You will win the race to foggy bottom(which will set the world free).
Are we ready to try something different yet? The chains are tightening. http://takelifeback.com/
http://www.theanarchistalternative.info/index.html
https://www.lewrockwell.com/2024/01/gary-d-barnett/no-one-needs-government-all-government-and-rule-are-corrupt-and-evil/
The amount of money printed or put into circulation by the air credit system that has been created may never be known. The marvelous infinite creation of wealth just by pressing the buttons on a computer is amazing. But we can imagine that the fraud is gigantic.
Just one example: student loans; and we are not going to entertain ourselves in showing that this money was spent by young students on activities unrelated to education, in the great social life that universities offer, although the credit is supposed to have been received to study.
But the fact is that this money was created out of the air with the purpose of the universities doing very good business with extra-curricular activities and when the loans are canceled, that money that enriched many who parasitize the university system is no longer collected.
And if this case is an obvious fraud, something worse happens with credit cards, the sellers enjoy selling and a good part will be paid with the credit system created out of thin air, money that later in a high percentage will not be paid.
The same happens with credits to buy a home, that money is created out of thin air and when the operation to recover the credit money fails depends on the sale value of the property.
Those are some but there are many more, for example when money created out of thin air is given to a foreign state. That money grants a right to buy or invest in the United States in exchange for nothing, a right that Americans who will pay for it with inflation do not have.
It is a real fact that this money created from the air facilitates the enrichment of the most fortunate, but the part that is not paid by the debtors will ultimately turn into inflation and will have to be paid by the less fortunate doubling the prices.
And the most serious problem is that the world is repudiating the dollar and Free Lunch and also the adventures as international thugs are not working as before.
“Now Biden and his free spenders are inflicting even more runaway debt on the government. The latest, in January 2024, is $34 trillion of debt!”
People need to understand, much of the so-called national debt is nothing but essentially counterfeit money! Some comes from tax money and issued bonds, but much of it comes from borrowing from the federal reserve .
Also, the so-called national debt will never be paid back. No-one seems to ask, if the government borrows from the federal reserve, where did the federal reserve get so much money in the first place?
Tax money goes to the US Treasury, not the federal reserve.
You read that government long-term (so-called) borrowing will be paid back by future generations. If that is true, then long-term government borrowing is a crime against future generations.
Long-term government bonds issued to individuals and other nations will essentially be paid back with counterfeit money.
Future generations will just make long-term borrowing from the past (that supposedly comes due for them to pay) just disappear. How? Counterfeit money again from the federal reserve!
Long-term government borrowing, that goes to future generations is a scam!
Eric Margolis comes in from the cold.
Both Trump and Biden are too old for the job of president.
All public officials, elected and bureaucrats at every level, should be required to retire by their sixty-sixth birthday. It’s not just the cognitive issues; in the 65-to-dead bracket your life experiences and worldview are just too distant from the 30 – 60+ yo’s who are still in the mix, producing and net-paying taxes. Speaking of, nobody who derives the majority of their income from government transfer payments should be allowed to vote.
The three “I’s” – Ireland, Italy and Israel. Actually the Irish and Italians have long ago assimilated. The Jews never will.
“$106 billion in the latest aid”
I keep waiting for Americans to give their heads a shake and come to reality.
This is not $106 thousand dollars. Nor is it $106 million dollars! This is $106 thousand million dollars. For real.
Now, MY question is: where did they find ten million hard working American taxpayers who volunteered to gift $10,600 dollars (each) over to the other side of the world?
Are Americans serious… have you lost your minds? And – it is not even money that Washington has! It is DEBT.
Have they not then mortgaged a debt of thousands and thousands of millions of dollars beyond count upon their children and grandchildren… for Ukraine!?
Of course it begs the obvious question then, how can the republic possibly move forward?
Makes me want to get married and have kids right away. /s