Category Archives: military

Only Economic Collapse Will Bring Down the American Empire

trump syria

The Bomber-in-Chief announces air attacks on Syria

Despite the vehement pleas and letter-writing campaigns by a significant portion of his political base including notable media personalities such as Tucker Carlson against military action in Syria, President Trump committed what looks like political suicide by ordering air strikes on Friday evening.  The bombing, thankfully, appeared to have been thwarted by Syrian air defenses, nor, as of this date, has the insane American, British and French action led to a wider conflagration.

As of yet, no doubt due to Divine Intervention, WWIII has not erupted and although the ramifications of the attack will reverberate for weeks to come, what is clear is that President Trump is now firmly in the clutches of the neocons, Israel, and the American Deep State, all of who are the direct beneficiaries of the wanton attack on the Assad regime.

A good portion of Trump’s base is rightfully enraged by the action, which will dash any hope of it coming to his aid if future impeachment proceedings are commenced over the Mueller investigation.  Many of Trump’s supporters have been seething ever since he signed off on the $1.3 trillion omnibus spending package in March and his continued failure to start construction on a border wall.

Talk about shooting one’s self in the foot!

Whether President Trump survives until 2020 or is replaced in the interim by neocon Mike Pence, American foreign policy will, in all likelihood, continue its bellicose ways.  Ever since WWI, which the current Bomber-in-Chief mentioned in his address announcing the air strikes, America has been an interventionist, destructive, and murderous empire.

The reason for this is that the nation’s ideology had changed where it had once  trumpeted the ideas of non-intervention and peace (except, of course, for the people of the South during their heroic attempt at independence) to those that glorified empire and war, largely based on the British model which, ironically, was the system that America seceded from in 1776.  By the time of WWI (actually the disgraceful Spanish-American War), the ideals of non-intervention, peace, free trade, and hard money had been gradually replaced by those of empire, central banking, war, and debt.

Until there is a change in ideology, it is unlikely that the US will refrain from its interventionist foreign policy.  And, typically, social change comes after men’s minds have been convinced of a different paradigm which, of course, does not happen overnight.

Like the British Empire before it, the only way the US will stop its murderous ways will be from economic collapse or a severe financial panic which threatens or ends the US dollar’s status as the world reserve currency.

Candidate Trump may have been the last hope of an American Firster who had the wherewithal to attain the Presidency.  Although not an ideologue, Trump spoke of getting along with Russia, disengaging from the Middle East, and backing out of, or making NATO members pay for their own “defense.”  These qualities faded once elected and the ominous talk about scuttling the Iranian arms deal and spending more on the military were pushed ahead.

After WWII, Britain had simply exhausted itself with its insane participation in the world wars and could no longer maintain its empire.  Britain’s ideology did not change, but reality stepped in: it simply did not have the capacity (wealth) to fund a world-wide empire. It had squandered its resources and men on the battlefields of Europe.

  Winston Churchill destroyer of the British Empire

The US is headed in the same direction, which is what both Russia and China are counting on.  Its crushing debt burden, costly wars, and out-of-control spending are sapping its productive capacity, which the military industrial complex taps to sustain itself.

The US’ enemies have based their strategies on this.  In reference to the US’ involvement in the Afghanistan quagmire, Osama bin Laden reportedly said:

We, alongside the mujahideen, bled Russia for 10

years, until it went bankrupt and was forced to

withdraw in defeat . . . So we are continuing this

policy in bleeding America to the point of bankruptcy.*

  Osama Bin Laden

The question that remains is when will a collapse occur or at least another crisis like in 2008 take place?  The warning signs abound.  The most pressing is the exploding US deficit which has soared in March to $209 billion. In 2007, the entire deficit for the year was less than $200 billion!

The collapse of the US economy is unavoidable, however, it is not “if” but “when.”  For world peace, it had better be sooner than later.

*Brian Whitaker, “Al-Qaida is Bleeding US to Bankruptcy, Bin Laden Claims.”  The Guardian, 3 November 2004. https://www.theguardian.com/world/2004/nov/03/usa.alqaida

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

 

What President Trump and the West Can Learn from China

Trump Trip China

Instead of a demonstration of its overwhelming military might intended to intimidate tiny North Korea and pressure China to lean on its defiant communist neighbor, President Trump and the West should try to learn a few things from China.

The President’s trip to the Far East came on the heels of the completion of China’s 19th National Congress where the current president, Xi Jinping, has cunningly positioned himself as China’s unchallenged leader.  In an address at the opening of the Congress, Xi cautioned that the country faced “challenges” that are “extremely grim” yet, despite these, the nation’s future is “extremely bright.”*

While Western politicos and pundits bemoan the lack of political pluralism that exists within China and President Trump complained about bad trade “deals,” they miss an important factor as to why China has transformed itself from a socialist basket case some three decades ago into an economic powerhouse which now boasts over a third of the world’s billionaires!

China’s economic ascendancy can be attributed not only to the implementation of market reforms in the 1990s, but also its lack of “political competition.”  As a one-party state, resources, time, energy, and capital are not allowed to be channeled into wasteful political processes, but instead are used and “invested” in wealth-creation activities – construction, factories, plants, equipment, research, technology – all of which leads to more and cheaper consumer goods.

The US and the West spend too much on elections, campaigns, polling, political consultation, etc., which diverts scarce resources away from the private wealth sectors of society.  For example, in her last failed presidential campaign run, the Wicked Witch of Chappaqua alone spent over a half of billion dollars.

Under Western democratic pluralism, public debt and state spending have increased to unsustainable levels.  In the US alone – history’s greatest debtor nation – the national debt is in excess of $20 trillion, while its total debt officially is $68 billion with a federal deficit (GAAP) running yearly at $5 ½ trillion.

Such staggering numbers are the result, in part, from political parties seeking public office and once elected exploiting their position to enrich themselves, their constituents, and create dependent classes among the ever shrinking productive segments of society.

China’s foreign policy – an extension of politics – has also been conducive for wealth creation.  Instead of wasteful spending on military hardware, the maintenance of a far-flung global empire, and involvement in incessant wars, China has a rather meek military compared to its national income and has conducted a pretty much non-interventionist foreign policy – witness its diplomacy with North Korea.

The US is almost the polar opposite.  It spends more on “defense” than the next eight countries combined.** Instead of the production of useful consumer goods, billions are siphoned off into the military/security industrial complex.  Not only does this impoverish Americans at home, but it leads to never ending involvement in wars, conflicts, and disputes, most of which are created or exacerbated by US spy organizations.

Def spending

After meeting with Chinese leadership, President Trump tweeted:

I don’t blame China, I blame the incompetence

of past Admins for allowing China to take advantage

of the U.S. on trade leading up to a point where the

U.S. is losing $100’s of billions.  How can you blame

China for taking advantage of people that had no clue?

I would’ve done the same!

Making better trade deals will not revitalize the moribund US economy.  Instead, there should be less politicization of society and adoption of market reforms as China has done.  The most important plank of such a policy would be the encouragement of real savings – not the creation of bank credit – through the normalization of interest rates.  This would begin the arduous process of capital accumulation, the basis upon which any economy can be built.

Another sign of the divergence between the two is China’s continued push to make the yuan the world’s reserve currency with apparently some sort of gold backing to it.  Contrarily, the Trump Administration has continued the same disastrous policies of its predecessors and has chosen a Janet Yellen clone to head the Federal Reserve with a continuation, no doubt, of the suppression of interest rates.  On the other hand, China continues to import massive quantities of gold and encourages its citizens to own the yellow metal while the West is in the midst of a crypto currency mania, another fraudulent monetary scheme.

China’s economic miracle, while certainly impressive, would not look as astounding if Western economies had not been in a state of stagnation and decline over the past half century.  It was not political liberalization that led to China’s phenomenal growth, but economic freedom which used to be a staple of Western life.  The lesson that should be taken from President Trump’s trip is less politics domestically and more free markets.

*Chris Buckley, “Xi Jinping Opens China’s Party Congress, His Hold Tighter Than Ever.”  The New York Times, 17 October 2017.   https://www.nytimes.com/2017/10/17/world/asia/xi-jinping-communist-party-china.html

**Peter G. Peterson Foundation.  “US Defense Spending Compared to Other Countries.”  1 June 2017.  https://www.pgpf.org/chart-archive/0053_defense-comparison

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com