Debt, Death, and the US Empire
Yosemite Sam Gets Worried About Federal Debt
In a talk which garnered little attention, one of the Deep State’s prime operatives, National Security Advisor John Bolton, cautioned of the enormous and escalating US debt.
Deep State operative John Bolton, a.k.a. Yosemite Sam [PT] Photo credit: Mark Wilson / Getty Images
Speaking before the Alexander Hamilton Society, Bolton warned that current US debt levels and public obligations posed an “economic threat” to the nation’s security:
Annual federal surplus/deficit and total federal debt. Things have clearly gotten a bit out of control in recent years. [PT]
What was most surprising about Bolton’s talk was that there has been little reaction to it from the financial press, the markets themselves, or political commentators. While the equity markets have been in the midst of a sell-off, it has not been due (as of yet) to US deficits, currently in excess of $1 trillion annually. Instead, the slide has been the result of fears over increase in interest rates and the continued trade tensions with China.
Interventionism is Expensive
While Bolton’s warning about the debt is self-serving, it is accurate in the sense that the US Empire which, in part, he directs is ultimately dependent on the strength of the economy.
“National security” is not threatened by a debt crisis which would mean a compromised dollar, but such an event would limit what the US could do globally. Real national security is defense of the homeland and border control – not intervention abroad.
War mongers like Bolton are fearful that a debt crisis would necessitate a decline in US power overseas. America is fast approaching what took place with the British Empire after its insane involvement in the two World Wars and its own creation of a domestic welfare state which exhausted the nation and led to the displacement of the British pound as the “world’s reserve currency.”
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