The latest act of imperial self-destruction, as reported by Bloomberg:
----------
Lockheed F-35 Projected Cost May Rise an Additional $51 Billion
...
"The cost per plane would then be $155 million, 91 percent higher than the $81 million projected when the program began in 2002. The program’s total cost, calculated in current dollars, would increase 64 percent to $379 billion."
----------
Since the US is running vast current account and trade deficits, this madness has to be financed with OPM (Other People's Money). In the 1980s and 1990s, Japan and Germany loaned the US the money. But since 2000, most of the cash has come from the BRIC nations.
Not for much longer. Our creditors are going to meet in four days in Brasilia, and discover that they have better uses for their money than giving it to an utterly irresponsible and corrupt political class bent on pissing it away on criminal colonial wars and Cold War scrap metal -- like investing in high-growth Brazilian, Russian, Indian and Chinese markets, instead.
No comments:
Post a Comment