Up till today, my posts were generally titled “Curtailing public spending as precursor to war”.
Today, we can graduate to “Sovereign bankruptcy reason for war”.
“Courtesy of Economic Policy Journal we now know that the majority of American states are currently insolvent, and that the US Treasury has been conducting a shadow bailout of at least 32 US states. Over 60% of Americans receiving state unemployment benefits are getting these directly from the US government, as 32 states have now borrowed $37.8 billion from Uncle Sam to fund unemployment insurance.”
Prepare to be dazzled by a new impetus in aggressive political posturing overseas and be prepared for tragic events to unfold in coming weeks that will make you believe that evil foreign forces are threatening our way of life. When the inevitable game of sovereign scape goating begins, keep in mind there is nothing left to threaten in our way of life; it’s all been threatened and devastated by our own leaders already.
Think about that when you turn in at night.