Instead of a virtuous self-correcting system, which generates more goods and services, the parasitical classes grow and prosper.
I’m more concerned about all the lives lost first in conventional warfare and the massive exchange nuclear weapons certain to follow than empty stores.
Who brainwashed all these Americans into thinking China is the bad guy? How can people rationalize facing serious economic competition into war?
Ironically intolerance cannot be tolerated. Intolerance is a self-feeding fire which quickly turns into a funeral pyre.
There’s been another white phosphorus attack by the United States or allies in Syria, yesterday, on the town of Hajin. This was closely preceded by John Bolton’s announcement that the USA and its armed forces are immune to international law. An interesting co-incidence. Alas, it’s not the first or only US deployment of the illegal white phosphorus munition in Syria.
Given the lack of American respect for the rule of law, Thom Paine asks why Russia has not aided and abbeted Syria and/or Iran in the acquisition of nuclear weapons.
The economic writing on the wall is writ large now. The USA is no longer solvent. Sure, there is cash flow but the trends are so negative that only a world war and an economic reset (reneging on their debts to China and Saudi Arabia to start and the rest of the world to finish, with perhaps an exception for the UK and Israel) will give them a hope of meeting any obligations.
The decision to go down this path was made when the election of 2000 was rigged in G.W. Bush’s favour and the PNAC (Project for the New American Century) warmongers came into power, such as Dick Cheney and John Bolton. While Bill Clinton is a bad who married an evil woman, he has largely lived on his charm. His United States (not his wife’s) was predicated on expanding trade and making friends. While a lot of Clinton’s *bonhomerie* was empty glad-handing and PR, during his stay in power the deficit radically shrank. The USA had a chance of turning its budget and financial situation around on people *wanting to do business* with the USA and doing so of their own free will.
Admiral Grigorovich is one of just three such Russian frigates while the US has 62 Arleigh-Burke class destroyers in service.