This is part 3 of “Why There Is Still No Peace on Earth: Washington’s Folly From The Persian Gulf to Ukraine.” Read part 1. Read part 2. Another Christmas and there is still no peace on earth. And the proximate cause of that vexing reality is the $1.3 trillion...
The graph below embodies a shit-ton of modern political, policy and financial history, even if on the surface its seems prosaic enough. Literally, it tracks in 2023 dollars of purchasing power the rise of the public debt since 1966. To be sure, 1966 did have some...
This is part 2 of "Why There Is Still No Peace on Earth: Washington’s Folly From The Persian Gulf to Ukraine." Read part 1. THE FIRST GULF WAR – A CATASTROPHIC ERROR Confronted with the greatest opportunity for global peace in nearly a century, George H. W. Bush did...
After the Berlin Wall fell in November 1989 and the death of the Soviet Union was confirmed two years later as Boris Yeltsin courageously stood down the Red Army tanks in front of Moscow’s White House, a dark era in human history came to an abrupt end. The world had...
When you are faced with an existential threat to your very national survival, this is what you do. You mobilize your economy for all-out struggle and impose heavy-duty “War Taxes” to pay for a dramatic build-up of military capabilities. For instance, between 1939 and...
What a day for another $106 billion imperial boondoggle. There is not one dime in “Joe Biden’s” war package that enhances the safety and security of the American homeland, yet all of it is being blithely charged to Uncle Sam’s vastly over-extended credit card. Nor...
This is part 3 in a series. Read part 1 here. Read part 2 here. When the Cold War officially ended suddenly in 1991 Washington had one more chance to pivot back to the pre-1914 status quo ante. That is, to a national security policy of Fortress America because...
This is part 2 in a series. Read part 1 here. Even John Maynard Keynes, who was a British Treasury official at Versailles, could see that the Carthaginian Peace Treaty confected there would only sow the seeds of economic breakdown in Germany and throughout much of...
The Indispensable Nation thesis originates not in the universal condition of mankind and the nation-states into which it has been partitioned. Instead, it stems from an erroneous take on the one-time, flukish and historically aberrant circumstances of the 20th century...
America’s Brobdingnagian $1.3 trillion national security budget thrives on manufactured threats and falsely demonized foes. And nothing could be more demonstrative of that proposition than the utter villainy now emanating from the NATO summit in Vilnius. For crying...
