Osama Bin Laden to Cause U.S. Hyperinflation
NIA is very pleased that Osama Bin Laden has been neutralized and is no longer a threat to American citizens. During a White House press event yesterday, counterterrorism adviser John Brennan was answering reporters questions and made the comment that al Qaeda "is becoming increasingly bankrupt". Unfortunately, Mr. Brennan got this backwards. The United States is becoming increasingly bankrupt as a result of al Qaeda.
Although America has been safe since 9/11, we need to look at what the cost has been. The U.S. military is currently spending just as much as all other militaries around the world combined. If the U.S. experiences hyperinflation as a result of our military spending, we will no longer be able to protect ourselves from terrorism in the future. The U.S. is currently spending about $1 trillion annually on maintaining a military empire around the world. This is unsustainable, as we are relying on borrowing and printing money to fund this, and Americans are now paying the price with massive inflation in food and energy prices.
The U.S. military captured Bin Laden in Pakistan using a special team comprised of about two dozen navy seals. In other words, the trillions we have spent fighting wars in Iraq and Afghanistan were all for nothing. We could have captured Bin Laden without our operations in Iraq and Afghanistan, and have much smaller annual budget deficits and a much lower national debt today, with a much stronger U.S. dollar.
NIA believes that with the capture of Bin Laden, now is the time to bring our troops home from Afghanistan. There is also no reason for the U.S. to be supporting the war in Libya, when Libya presents no threat to the U.S. In recent U.S. led NATO strikes in Libya, we killed Muammar Gadhafi's son and several of his grandchildren who were under the age of 12. There was absolutely no reason for us to take the lives of Gadhafi's innocent young grandchildren. Yes, Libya did kill some of their own citizens who were protesting the government, but it is possible that U.S. led NATO forces have now killed more innocent civilians in Libya than the Libyan government. Syria has been killing a lot more anti-government protesters than Libya. If our military is currently occupying Libya, it only makes sense for the U.S. military to invade Syria as well, but NIA believes there is no reason for us to attack either. We can't police the entire world when we simply don't collect enough tax revenues to fund it.
We hate to say it, but if the U.S. experiences hyperinflation within the next few years, it will be what Bin Laden wanted. If the incomes and savings of Americans no longer have enough purchasing power to put food on the table and heat homes, many more Americans will die from hyperinflation than were killed on 9/11. Yes, we finally got him, but we had to borrow and print trillions of dollars over nearly a decade and there are no signs of our military spending slowing down. The success of killing Bin Laden could potentially be used as an excuse to increase military spending to all new record highs. The purchasing power of the U.S. dollar is crashing to new all time lows on a daily basis. This is not an "orderly" collapse. The dollar is falling off of a cliff and a worldwide rush out of the dollar could be imminent. A weak U.S. dollar as a result of our massive budget deficits, largely from military spending, is the worst possible thing for the homeland security of our country.
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