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Originally Posted by Guest
The concept on it's own is absurd. Military spending creates jobs.
World War II is what got us out of the depression. When weapons, parts, uniforms, food and equipment were needed millions of workers were suddenly employed to manufacture them. Civilian support employees were needed in communications and several other areas.
I'm not saying that war is a good thing, but it does have a positive effect on an economy.
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ALL paid for with debt. The country went into substantial debt to make all that stuff. Luckily...we had the Europeans "paying us back" for "loans" we made to them.
The entire "world financial system" is a big fraud, a big ponzi. These "banks" who "loan" $ trillions, the Federal Reserve, the European Central Bank...there's NO collateral behind their loans. They "make money" out of thin air. They type into a computer $10 billion and poof...there it is to be "loaned" for interest...and causing inflation...causing the other dollars to depreciate.
It's quite the system, quite the con... A "bank" gives you a piece of paper that you give to someone else to "buy" something...they then take that same piece of paper back and give it to the bank...for "credit"...so later the bank can give THEM that same piece of paper so they can "buy" something from someone else who will simply bring the piece of paper back to the bank again for credit. The cycle repeats over and over.
There is no "money", there is credit. We don't use gold or silver to give our "money" value. We have credit. A dollar is $1 "worth" of credit. When you pay cash, you are exchanging pieces of "credit"...for an actual product.