--

What this article misses entirely, is that all that military spending is debt and the capital markets could not function without government debt. It goes back to World War 2 as the industrial and monetary policy that solved the Great Depression.

The secret sauce of capitalism is public debt backing private wealth.

Money is a social contract and accounting device, enabling mass society, not a commodity to mine from it. Storing money requires debt to back it.

The medium has become the message.

The wars are just a burn pit for the nation's wealth.

--

--

John Brodix Merryman Jr.
John Brodix Merryman Jr.

Written by John Brodix Merryman Jr.

Having an affair with life. It's complicated.

No responses yet