America is bankrupt: broker by the day

America’s empire is bankrupt. (Nearly 32 trillion in debt)

“The reach of America’s military empire includes close to 800 bases in as many as 160 countries, operated at a cost of more than $156 billion annually.

This is how the military industrial complex, aided and abetted by the likes of Joe Biden, Donald Trump, Barack Obama, George W. Bush, Bill Clinton and others, continues to get rich at taxpayer expense.”

War spending is bankrupting America.

https://youtu.be/xOy7kirovDY
The Hummingbirds – Bankrupt Blues live @ The Ruby Lounge in Manchester, England

“Although the U.S. constitutes only 5% of the world’s population, America boasts almost 50% of the world’s total military expenditure, spending more on the military than the next 19 biggest spending nations combined.

The U.S. government is not making the world any safer. It’s making the world more dangerous. It is estimated that the U.S. military drops a bomb somewhere in the world every 12 minutes. Since 9/11, the United States government has directly contributed to the deaths of around 500,000 human beings. Every one of those deaths was paid for with taxpayer funds.

The Cost of the Nation’s Endless Wars

The U.S. government is not making America any safer. It’s exposing American citizens to alarming levels of blowback, a CIA term referring to the unintended consequences of the U.S. government’s international activities. Chalmers Johnson, a former CIA consultant, repeatedly warned that America’s use of its military to gain power over the global economy would result in devastating blowback.

As long as America’s politicians continue to involve us in wars that bankrupt the nation, jeopardize our servicemen and women, increase the chances of terrorism and blowback domestically, and push the nation that much closer to eventual collapse, “we the people” will find ourselves in a perpetual state of tyranny.”

This post was written by: John W. Whitehead

John W. Whitehead is a constitutional attorney, author, and founder and president of The Rutherford Institute. He can be contacted at johnw@rutherford.org.

Why America Is Going Broke

https://theconversation.com/us-debt-default-could-trigger-dollars-collapse-and-severely-erode-americas-political-and-economic-might-198395

No soft landing:
The US economy is going to fall into recession in the middle of 2024, Citi’s chief economist says

https://www.businessinsider.com/recession-outlook-us-economy-job-market-unemployment-soft-landing-citi-2024-2?op=1

The top economist David Rosenberg has said a consumer credit default cycle has already arrived, with one in every 12 credit-card holders missing their payments.

“There may be some consumers out there with excess savings, but those consumers exposed to floating credit-card debt with higher rates now, that have been pulling on those excess savings to continue to consume, continue to spend, now those delinquencies are picking up,” Hollenhorst said.

And consumer weakness is also exposing itself in retail sales numbers. Thursday’s release showed a significant drop in activity, posting a 0.8% decline in January.

Hollenhorst isn’t alone in his pessimism. Apollo Management’s Torsten Sløk recently echoed the sentiment that a soft landing is now the “least likely” scenario.”

https://www.businessinsider.com/recession-outlook-fed-rate-cuts-us-economy-indicator-hard-landing-2024-2&post-bottom-piano-recommendations

“There’s an under-the-radar indicator in the bond market that’s signaling a hard landing.
The high correlation between US and European government bond yields is pointing to a recession, according to ING.”

“The US now has an 85% chance of entering a recession, the highest probability seen since the Great Financial Crisis, one economic model shows. New York Fed economists, meanwhile, are pricing in a 61% chance the economy could tip into recession by January of next year.”

Dec. 2023 Mission creep: 56 American wars…

https://youtu.be/vbRFcTMewx8?list=RDvbRFcTMewx8
LIGHTNIN’ HOPKINS – WAR NEWS BLUES

The Biden administration is fighting 56 unprovoked and avoidable corporate-American wars (economic and military aggression ranging from sanctions to contractors, mercenaries, troops and bombs) in Afghanistan, Algeria, Belarus, Bolivia, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, China, Comoros, Cuba, Darfur, Democratic Republic of the Congo, Eritrea, Djibouti, Ethiopia, Gaza, Gulf of Guinea, Haiti, Hong Kong, Iran, Iraq, Kazakhstan, Kenya, Kuwait, Lebanon, Lesotho, Liberia, Libya, Mali, Magnitsky, Mauritania, Myanmar, Niger, Nigeria, Nicaragua, North Korea, Pakistan, Palestine, Papua New Guinea, Philippines, Russia, Somalia, South Sudan, Sudan, Syria, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, Venezuela, West Bank, Yemen and Zimbabwe.

Dec. 2023 Mission creep: 56 American wars…

If we continue dozens of simultaneous wars costing trillions, American bankruptcy will destabilize the world economy and the USA will be in hasty retreat from more than 800 bases used to wage 56 or more wars from more than 150 nations.

The fiscal collapse of American empire will take place between 2025 and 2030. Banks are already failing across the nation. Before 2050, rising toxic oceans will be flooding cities, water supplies and nuclear power generation plants. This is wake-up time.

“Peace is the only battle worth waging.”
~ Camus