Is US set for another political blunder? - The Daily Reckoning
The Daily Reckoning by Bill Bonner
On This Day - 17 April 2014
Is US set for another political blunder? A  A  A

Gualfin, Argentina

Yes Ukraine!

What the hell? Coming off successes in Iraq, Afghanistan, Egypt and only makes sense that the US should send troops to the Ukraine, no?

When we first read this in the Washington Post, we thought it might be a late April Fool joke. Then, we discovered that the writer was sincere about it; apparently, James Jeffrey is a fool all year round:

"The best way to send Putin a tough message and possibly deflect a Russian campaign against more vulnerable NATO states is to back up our commitment to the sanctity of NATO territory with ground troops, the only military deployment that can make such commitments unequivocal. To its credit, the administration has dispatched fighter aircraft to Poland and the Baltic states to reinforce NATO fighter patrols and exercises. But these deployments, like ships temporarily in the Black Sea, have inherent weaknesses as political signals. They cannot hold terrain - the ultimate arbiter of any military calculus - and can be easily withdrawn if trouble brews. Troops, even limited in number, send a much more powerful message. More difficult to rapidly withdraw once deployed, they can make the point that the United States is serious about defending NATO's eastern borders."

And why not? The US has a global empire. All bubbles need to find their pins. And all empires need to blow themselves up. What Mr. Jeffries is really proposing is merely to speed up the process with more reckless troop deployments.

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We're with him all the way. Push ol' Humpty Dumpty off the wall and get it over the US can go back to being a decent, normal country without phony "red alerts"..."see something, say something" snitches...and a trillion dollar 'security' budget that actually reduces our safety.

But we doubt it will be that easy. Empires do not go gently into that good night. Instead, they rale...rant...and rave...against the dying of the light.

And they also make one awful mess of things. Empires depend on military force for their survival. And to meet their budget goals. Typically, they steal things. In the Punic Wars, for example, the Romans filled an alarming budget gap by conquering the city of Tarentium. It then stole all that was portable...and sold the citizens into slavery. Problem solved; for a while.

The US is unique in the annals of imperial history. It always imagines that it will reap a rich reward - at least in status, if not in money -- from its conquests, but it never does. Woodrow Wilson believed he would be hailed as a great international statesman. Instead, the Europeans laughed at him and his 14 points. ("Even God himself only needed 10," said Clemenceau.) Lyndon Johnson imagined a big 'thank you,' from the Vietnamese. Instead, he got a 'no thanks' from the American people. And George W. Bush imagined the oil riches of Iraq flowing back to the homeland...only to end up with the most costly and unrewarding war in US history.

It is only because the US is so rich that it has been able to afford this kind of malarkey. But that is coming to an end. For much of the last 30 years, the imperial war machine has been financed on credit alone - much of it supplied by the central bank. How long this can go on is anyone's guess. Probably no longer than the credit bubble itself.

In the meantime, the defense contractors, the military lobbyists, and the zombies in the security industry will continue to push for more meddling - in Syria... the Ukraine...heck, wherever. The bubble must find its pin somewhere!

Bill Bonner is the President & Founder of Agora Inc, an international publisher of financial and special interest books and newsletters.

The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.

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