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US Economy- another great depression?

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T. M. Elkins
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"War production" (is) "an economic imperative. Even in what passes for peacetime, U.S. defense spending is the highest in the world, by far. In 1995, military spending was $264 billion - 40 percent of the world's total. By way of contrast, five nations against which the U.S. is supposedly defending itself - Iraq, Iran, North Korea, Libya, and Cuba - together spent $9 billion."

"The Department of Defense and the top corporations who produce for it - the military-industrial complex - make up the most massive economic bloc in the country. More than one third of all U.S. engineers and scientists work in jobs tied to the military."

In the The Russian intelligence-linked weekly "Zavtra", financial expert Mikhael Khazin examined the connection between the war threat and the unprecedented "structural crisis of the U.S. economy", for which the Administration has no solution. The only scenario for staving off a catastrophic financial-economic collapse in the U.S., would be a drastic reduction in the domestic oil prices inside the U.S., perhaps together with a sharp increase of oil prices for other countries.

"America needs prices in the range of $12-13 per barrel... or even down to $7 per barrel. This is possible only under one condition: getting full control over the petroleum resources of Iraq and Saudi Arabia." To this end, we have begun a series of never- ending wars.

The former Soviet Union collapsed as its military budget grew bloated by the unending cold war.

We, however, have not learned from their loss, and are simply repeating it. No longer faced with a real threat from without, we are now defeating ourselves from within. We have now become a credit card-addicted nation, drunken on luxury and gorging itself on delicacies it cannot afford. Our government, as blind as we are, is plunging us all headlong into an abyss of financial ruin and destruction.When the wars are over (and they must end eventually, when the money or credit runs out) our future generations will loathe us for having thrown away their future to satisfy our own greed.

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Born in Camden, NJ, now living in Germany, T.M. Elkins is an educator, author, composer, jazz musician and singer, and founder of Christians against Bush. She eschews labels and "isms", is non-denominational and firmly believes in modern secular (more...)
 
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