Financing Moral Imperative
War Time PayGo
It was not WWI and WWII that destroyed the British empire but how the wars
were financed. The same is happening to the US as a result of similar financing
of the War on Terror.
Consider the difference between the consequences of different ways of responding
to an everyday need for a person with an average income.
Food: Eating at home with mostly homegrown food versus eating out with a
Repairs: Handyman simple solutions versus "no interest, no payments" for
twelve months of inflated prices.
The term "Merchants of Death" (1930's) arose to describe businessmen
who sought monetary gain from the business of war. A strong case has been
made for the U.S. entering WWI because American bankers had extensive loans
to Britain and France which would default if they lost the war. In the American
Civil War, the South financed its war effort, in part, by Northern Banks
which managed the credits for illegally exporting war-priced cotton. After
the war, these war gains were used to back bonds to rebuild the South. "Merchants
of Death" metamorphed into Eisenhower's "Military-Industrial Complex" in
his 1960's speech.
The Iraqi War--A Faith-Based Initiative from the White House to the lowliest
recruit--typifies the empire-destruction of greed driven war policies. The
corruption in Iraq from Halliburton (a Walker/Bush family business) to
sub-contractors is unprecedented. Never have Swiss bankers smiled so much
and so often.
After the American solidiers have left Iraq, the American taxpayer will
be left with the debt generated by bad policies, bad management and bad
monetarism. Even if the U.S. wins the battles against Terrorism, it will
lose the war for peace and stability because of the war debt.
Financially, wars should be paid with a "PayGo" plan. As the cost of the
war escalates, wages and prices are adjusted downward accordingly to finance
the war akin to the person who homegrows food or does home handy work. No
wages are received but life-sustaining products are produced to maintain
the necessities of life and standard of living.
With PayGo war financing, there are no war "profits." With PayGo war financing,
the homefront workers in war factories don't reap financial winfalls with
high wages and overtime because of labor shortages due to troops fighting
elsewhere. With Paygo, when the war is over there is no lingering drain on
the economy from too much money chasing too few products nor the byproduct
of war profits, the Parasite Hiltons. With Paygo, all suffer equally. With
Paygo, there is no incentive to start wars for financial reasons.
A non-dysfunctional currency, lifehours, tied to the time value of individuals
and nations would allow PayGo war financing so that after the war there would
not be widespread debt, inflation and unemployment.
China has a better military paygo system. The military controls many of the
industries in China. Not only can they keep their costs lower but each time
an American buys a Chinese export, the American is more than likely paying
a fee or tax to maintain and improve Chinese military. How stupid are Americans?
They keep wanting their habitual politicians to cut taxes needed to support
our troops and help our wounded veterans while stupid Americans keep buying
more and more chinese products which pays taxes for the Chinese military.
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05-22-2015 @ 07:32:33