Slide 1

WAR DRIVES DEBT;DEBT DRIVES WAR

Reasons to Kill: Why Americans Choose War, Richard Rubenstein,2010

Rogue State and Killing Hope William Blum

http://en.wikipedia.org/wiki/Timeline_of_United_States_military_operations

http://whatreallyhappened.com/WRHARTICLES/usinterventionism.html?q=usinterventionism.html

http://mindprod.com/politics/iraqwarpix.html#IRAQWARPIX

William III (of Orange) (1650 1702)Bank of England

original Subscribers of the said Sum of Twelve Hundred Thousand Pounds so subscribed, shall have, or be entitled to any Part, Share, or Interest of or in the Principal or Capital Stock of the said Corporation, or the said yearly Fond of One Hundred Thousand Pounds, granted by the said Act of Parliament, Charter B of E

18001700Access. Wm. III1600An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations William Playfair, 1805

7 yrs. warAmer. war

First Bank of the United StatesFounded 1791Permanent address completed in 1797

U. S. Treasury Historical Debt Outstanding

1E+61E+9

1E+61E+91E+121791 2012(non-linear)U. S. Treasury Historical Debt Outstanding

1E+61E+9

1E+61E+91E+121791 2012(non-linear)War of 1812Mex. Amer. WarCivil WarWW IWW IIU. S. Treasury Historical Debt Outstanding

1791 - 1840WAR OF 1812U. S. Treasury Historical Debt OutstandingEnd of 2nd BankEnd of 1st Bank

U. S. Treasury Historical Debt Outstanding

Mex. Amer.War

Civil WarU. S. Treasury Historical Debt Outstanding

U. S. Treasury Historical Debt OutstandingSpanish American War

U. S. Treasury Historical Debt OutstandingWWI1913 -1939

U. S. Treasury Historical Debt OutstandingWWII

ACCUMULATED WAR DEBT thru WWII War of 1812 Mexican American War01/01/1816 127,334,933.74 07/01/1849 63,061,858.6901/01/1812 45,209,737.90 07/01/1845 15,925,303.01 82,125,195.84 47,136,555.68 Civil War Spanish American War 07/01/1866 2,773,236,173.69 07/01/1900 2,136,961,091.67 07/01/1860 64,842,287.88 07/01/1898 1,796,531,995.90 2,708,393,885.81 340,429,095.77

WWI WWII 07/01/1919 27,390,970,113.12 06/28/1946 269,422,099,173.2607/01/1913 2,916,204,913.66 06/30/1939 40,439,532,411.11 24,474,765,199.46 228,982,566,762.15

82,125,195.84 47,136,555.68 2,708,393,885.81 340,429,095.7724,474,765,199.46 228,982,566,762.15 $256,553,291,498.87

U. S. Treasury Historical Debt Outstanding

WAR DRIVES DEBT

U. S. Treasury Historical Debt OutstandingKorean WarViet Nam War

DollarsDesert StormKosovoContinuous war

John Maynard Keynes1883 - 1946

In the long run, we are all dead.

Memories of 1937, when concern for a balanced budget had led to both tax increases and expenditure reductions at a time when the unemployment rate, while declining, was still very high, were still strong. That action subsequently was viewed widely as the reason for the 1937 1938 contraction and the persistence of depression conditions until the onset of World War II stimulated spending and led to previously unmatched budgetary deficits. The Rediscovery of the Business Cycle, 1978Paul A. Volcker, former Chairman of the Federal Reserve Board of Governors.

we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. Farewell Address, 1961

Dwight David Eisenhower, 34th U. S. President

we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the [financial]- military-industrial complex. Farewell Address, 1961

Dwight David Eisenhower, 34th U. S. President

Korean WarViet NamWarDesertStormContinuousWarKosovoU. S. Treasury Historical Debt Outstanding

FEATURES OF MILITARISM AS POLITICAL ECONOMYMust have enemies and will create them.

FEATURES OF MILITARISM AS POLITICAL ECONOMYMust have enemies and will create them.Military professionals need war on their rsums.

FEATURES OF MILITARISM AS POLITICAL ECONOMYMust have enemies and will create them.Military professionals need war on their rsums.War production creates millions of jobs, military and civilian.

FEATURES OF MILITARISM AS POLITICAL ECONOMYMust have enemies and will create them.Military professionals need war on their rsums.War production creates millions of jobs, military and civilian.War contracts are pork barrel for Congresspersons.

FEATURES OF MILITARISM AS POLITICAL ECONOMYMust have enemies and will create them.Military professionals need war on their rsums.War production creates millions of jobs, military and civilian.War contracts are pork barrel for Congresspersons.War profits support campaign contributions (bribes).

FEATURES OF MILITARISM AS POLITICAL ECONOMYMust have enemies and will create them.Military professionals need war on their rsums.War production creates millions of jobs, military and civilian.War contracts are pork barrel for Congresspersons.War profits support campaign contributions (bribes).Military research contracts corrupt educational institutions.

FEATURES OF MILITARISM AS POLITICAL ECONOMYMust have enemies and will create them.Military professionals need war on their rsums.War production creates millions of jobs, military and civilian.War contracts are pork barrel for Congresspersons.War profits support campaign contributions (bribes).Military research contracts corrupt educational institutions.Deficit spending is more palatable in war emergency.

FEATURES OF MILITARISM AS POLITICAL ECONOMYMust have enemies and will create them.Military professionals need war on their rsums.War production creates millions of jobs, military and civilian.War contracts are pork barrel for Congresspersons.War profits support campaign contributions (bribes).Military research contracts corrupt educational institutions.Deficit spending is more palatable in war emergency.Deficit spending on war keeps unsustainable economy going.

FEATURES OF MILITARISM AS POLITICAL ECONOMYMust have enemies and will create them.Military professionals need war on their rsums.War production creates millions of jobs, military and civilian.War contracts are pork barrel for Congresspersons.War profits support campaign contributions (bribes).Military research contracts corrupt educational institutions.Deficit spending is more palatable in war emergency.Deficit spending on war keeps unsustainable economy going.Military suppliers own media.

ASSYMETRICALWARFARE

INTEREST EXPENSEAvailable Historical Data Fiscal Year End 2012. $359,796,008,919.49 2011. $454,393,280,417.03 2010. $413,954,825,362.17 2009. $383,071,060,815.42Interest Expense Fiscal Year 2013June .. $93,031,790,187.97May .. $24,378,480,861.09April .. $35,951,751,963.63 March .. $23,472,400,737.30 February $16,901,310,565.17 January .. $17,816,590,831.57 December . $95,736,594,801.52 November . $25,068,968,472.99 October .. $12,922,741,407.27 Fiscal Year Total .. $345,280,629,828.51Total interest this page $1.9564 trillionU. S. Treasury website 07-13-2013

Federal Reserve Bulletin 07-13-2013

$56.999 trillion$56.999 + (intragovernmental debt)$4.814 = $61.813 trillion

U. S. Treasury Historical Debt OutstandingRECESSIONSContinuing poor economy

DEBT DRIVES WAR

WAR DRIVES DEBT;DEBT DRIVES WAR