Adonis Diaries

Archive for October 21st, 2012

Is the US readying for another preemptive war? The capitalist system will confirm it by electing Mitt Romney 

The presidential candidate Romney boasts that, as governor of Massachuset State, he balanced the State budget, as he managed to balance the budget of his multinational company. As if balancing State’s budget is the same as balancing Federal budget!

These balancing gimmicks in Federal budgets have been disposed of six decades ago: Once the federal government want more spending leeway, all it has to do is preparing to lunch a preemptive war so that Congress and Senate sign to increase the level of budget deficit.

Basically, the money printing machines in the Federal Reserve start churning out worthless dollars 24 hours a day, increasing inflation and abusing the tax paying citizens in additional disbursement from their pocket.

The only worthy statements in these debates are acknowledgment that the US sovereign debt has reached $16,000 billion (a number no president in exercise would have admitted), and that no matter who is elected for the next term, the deficit will shoot to $20 trillion. An amount that represents a third of the total federal worth in State property, which will have to be sold in order to pay back the national debt…

The role-playing of the two parties, Democratic and Republican, in the last 6 decades are as evident as finger prints in the US capitalist structure.

Let’s start from somewhere and comprehend this vicious cycle on how the US citizens are being played in this ping-pong game.

After each calamity, usually a major preemptive war (outside US boundaries), the middle class shifts: 10% ease their financial status toward the richer classes, and the remaining 90% descend to the lower level of middle class opportunities.

The mostly unemployed lower middle class citizens are ready to join the armed forces or enlist in order to secure a job and health insurance for their family members…and they are the most vocal in encouraging another round of preemptive wars…

One president throw money at the Defense department to replenish the weapons warehouses of all kinds of necessary arms and ammunition, and ordering the chief of staff to set up a wra-game planned for the next war field…

Congress and the Senate had agreed to increase the level of federal budget deficit so that the government can start borrowing money to cover the intended deficit.

Usually, the war ends with the US military withdrawing after several years of harrowing calamities, deaths, collateral damages in civilians, handicapped soldiers, physically and mentally…And who win?

The richest classes get richer, and the top 100 US companies (mostly the weapon and communication industries,  heavily subsidized by the federal government, stay afloat) since there are no market for their “specialized” products that need special permission for export…

The next president is required to just play the “balancing budget” at the higher deficit level, not repaying a dime from the original national debt… and licking the wounds, and providing job opportunities, and sustaining the social acquisitions…

The capitalist system knows better not to abuse the citizens repeated in preemptive wars: This term is for the US to focus on its internal problems…And the cycle is repeated ad nauseum…

While Greece has already sold almost all its State properties in order to pay back its sovereign debt, followed by Portugal, Spain, Ireland, Italy…the US keep accumulating national debt with every presidential term, regardless of the political party…

Who is purchasing States properties? Mainly two kinds of money:

1. China and India sovereign saved funds, from the blood and sweat of their little people, working as slaves in sweat shop factories and fields…

2. The US and multinational financial companies, paid for from the “others people” pocket-money. And who are these “others people” pocket-money?

How the US keeps increasing its sovereign debt as if it is of no consequence, and nothing to it?

They are the 10% of the richest people from every other countries: They buy US federal bonds…The return is minimal, but that is the price these “other” rich people have to pay in order for the US financial establishment to “acknowledg or accredite” that they are indeed and “actually rich people“.

Strong with this “admission”, the “other rich people” can invest and develop “on credit”, money from other people pockets, the way capitalist system function…Transfering useless paper money and purchasing real properties…

Note: And what about the sovereign funds of the absolute Saudi Arabia, and the Gulf Emirates?  These funds are basically US reserved funds to dip in, when Congress is in the mood of confronting the Executive administration.


adonis49

adonis49

adonis49

Blog Stats

  • 1,428,294 hits

Enter your email address to subscribe to this blog and receive notifications of new posts by email.adonisbouh@gmail.com

Join 775 other followers

%d bloggers like this: