Imperial blues (Robert Borosage)


Far worse in many ways than the money squandered on wars abroad is the attention consumed, the values distorted. This president understands that Americans are focused on the economic troubles here at home. In his speech last night, he argued “as we end the war in Iraq and transition to Afghan responsibility, we must rebuild our strength here at home. Our prosperity provides a foundation for our power. It pays for our military. It underwrites our diplomacy. It taps the potential of our people and allows investment in new industry. And it will allow us to compete in this century as successfully as we did in the last.”

Note the order of priority. Our “strength here at home” is needed because it (1) is the foundation of our power; (2) pays for our military; (3) underwrites our diplomacy. It also taps the potential of our people and allows us to compete globally. Stunningly absent in that martial list is any sense of creating a society that has eradicated hunger and poverty, that has secured the American dream for its citizens.

And that, in a nutshell, is the inevitability of the fiat monetary logic.


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One Response to “Imperial blues (Robert Borosage)”

  1. David W. Lincoln Says:

    This entry invites this question: when does a legal system, or financial system, de-legitimatize itself? When a legal system is no longer just, and when a financial system is simply a crooked poker game with the muckity mucks playing with money that isn’t their’s.

    So, Guido, via looking at all angles, the current fiat monetary system is illegitimate.

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