Debt Rattle January 10 2017


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    Jack Delano Truck service station on U.S. 1, NY Avenue, Washington, DC 1940 • Pity the Sad Legacy of Barack Obama (Cornel West) • State Dep.: Presenti
    [See the full post at: Debt Rattle January 10 2017]


    Top Economists Grapple With Public Disdain

    Picking our pockets while shouting “you’re hurting me.” SOS


    “Why provoke Russia with yet another mass deployment? Because as NATO Major General Timothy McGuire told reporters, last week, when asked if the large deployment was meant to send a message to Russia, “The best way to maintain the peace is through preparation.” And while we are quoting, here is another good line from the movie Spice Like Us: “A weapon unused is a useless weapon.” The US military industrial complex is doing everything in its power to make sure a lot of weapons are used in the future.”

    I think it’s a bit of a misleading statement to infer there is an intention to deliberately instigate conflict to make more money by the MIC to use more weapons as they don’t make military strategic decisions. It would probably be more accurate to depict these actions as saber rattling. Use of military is most often not used in direct combat but as a way of getting across a point by positioning more troops & equipment or just a big parade with missiles etcetera on display. In this case the message is, “Don’t try it or we’ll meet you half way.” Think about the numerous times when you were a kid and you had to enforce some decorum regarding respect. Most of it consisted of posturing, bluff, name calling and so on but only on rare occasions did it come to all out blows.

    John Day

    I suspect that private UK debt rose after the Brexit vote because sterling went down, prices went up, and people had to borrow, because they were as extended as they could be already.
    Like American debt, really.

    V. Arnold

    It would be interesting to read about the real cost of debt. IMO, most people seem to focus on interest rates and duration, such as when purchasing a car or home. And then there are the vile credit cards and everything they entail.
    There are so few who have been educated (or self teach) about a life lived in debt, as opposed to a life lived, debt free.
    The differences are profound and U.S. society would be unrecognizable had people not drank the koolaide of consumerism and the required debt to support that lifestyle.

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