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The Lifeblood of the Empire
Article focuses on how the monetary policy of Obama and McCain is virtually identical, and how this monetary policy robs the people via inflation to finance wars. Price inflation transfers wealth from the lower and middle classes to the war profiteers who are given government contracts. This is one of the ways fascism destroys economic opportunity. -- KM
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How did Lyndon Johnson get away with his war spending in Vietnam? By a deliberate policy of concealing the cost through inflation – a cost the American people bore only later, in the stagflation of the 1970s. Just the cost overruns on two Pentagon projects added up to more than the combined GDPs of North and South Vietnam. By silently looting the American population, the government was able to get away with much more spending than would otherwise have been possible.
Then there’s the disastrous war in Iraq, the propaganda for which was fed to us by America’s Pravda, the New York Times. How has that war been funded? By borrowing from foreigners, and creating new money out of thin air.
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