11 ms·

> We don’t need the military-industrial complex to put down ashphalt or produce safe food. Obviously blatant waste and fraud should not be tolerated, but ignor

> We don’t need the military-industrial complex to put down ashphalt or produce safe food. Obviously blatant waste and fraud should not be tolerated, but ignoring the huge value of the military is very short sighted. When you hear the phrase, 'backed by the full faith and credit of the United States government', what do you think that means? The US has been in a privileged position for so long they don't even realize why they are there. People flock to the USD because of stability, rule of law, and the ability to park a carrier strike force off any coast in the world and project that 'full faith and credit' the US speaks of. The military is not solely responsible for the US's success, but it is a large part.

sneak 2y ago
This is a meaningless phrase, much like “died for our sins”. Endless reptitions don’t make it into a meaningful logical statement. The only inherent value of the USD is that you can pay US taxes in it. The “full faith and credit” bit meant something when you had to trust the USG to redeem it for physical gold or silver, but as you know that hasn’t been the case for a long time. Now it’s about the same situation as the Tether fraud. Bitfinex doesnt need a carrier strike group for me to be able to trade USDT for cheeseburgers or gold coins. People talking about the rule of law in the USA this week are especially comical. The graft and corruption are on full display for the entire world stage. They’re not even pretending any longer. It is now demonstrably clear that the value of the USD is not dependent on the rule of law in the US.
- selectodude 2y ago
  > They’re not even pretending any longer. It is now demonstrably clear that the value of the USD is not dependent on the rule of law in the US. I assure you if people who matter start agreeing with you, we’re all in for a really, really bad time.
scarface_74 2y ago
And to add on, even the military brass is not in favor of wasted spending of the military industrial complex. The military itself has been trying to close unneeded bases, get rid of weapons it doesn’t need, etc. But Congress and the rest of the civilian leadership won’t let it because the civilian leadership is more interested in kickbacks from contractors than doing what is best for the military. Military leadership has also been warning about the destabilizing effect of climate change and the dangers of our deficit.

sneak 2y ago

This is a meaningless phrase, much like “died for our sins”. Endless reptitions don’t make it into a meaningful logical statement. The only inherent value of the USD is that you can pay US taxes in it. The “full faith and credit” bit meant something when you had to trust the USG to redeem it for physical gold or silver, but as you know that hasn’t been the case for a long time. Now it’s about the same situation as the Tether fraud. Bitfinex doesnt need a carrier strike group for me to be able to trade USDT for cheeseburgers or gold coins. People talking about the rule of law in the USA this week are especially comical. The graft and corruption are on full display for the entire world stage. They’re not even pretending any longer. It is now demonstrably clear that the value of the USD is not dependent on the rule of law in the US.

selectodude 2y ago
> They’re not even pretending any longer. It is now demonstrably clear that the value of the USD is not dependent on the rule of law in the US. I assure you if people who matter start agreeing with you, we’re all in for a really, really bad time.

scarface_74 2y ago

And to add on, even the military brass is not in favor of wasted spending of the military industrial complex. The military itself has been trying to close unneeded bases, get rid of weapons it doesn’t need, etc. But Congress and the rest of the civilian leadership won’t let it because the civilian leadership is more interested in kickbacks from contractors than doing what is best for the military. Military leadership has also been warning about the destabilizing effect of climate change and the dangers of our deficit.