Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
Login Archives Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
    ×
  • Subscribe
Enter stock ticker or keyword
×
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: Washington

The "Warfare State" Has Consumed the Middle Class

The death blow could be just around the corner...

By Matt Piepenburg, Special Contributor, Money Morning • November 19, 2018

View Comments

Start the conversation

Leave a Reply Click here to cancel reply.

You must be logged in to post a comment.

"Shall we expect some transatlantic military giant, to step the Ocean, and crush us at a blow? Never! All the armies of Europe, Asia, and Africa combined... could not by force, take a drink from the Ohio, or make a track on the Blue Ridge, in a trial of a thousand years. At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide." - Abraham Lincoln, 1838

The United States spends roughly $800 billion a year on defense; the People's Republic of China, about $146 billion. The Russian Federation lays out around $55 billion, annualized, while the Islamic Republic of Iran's military spending annualizes at $15 billion - not accounting for the crippling 13%-plus inflation it's experiencing.

Finding reliable figures for military expenditures of Syria, Yemen, Afghanistan, or the tattered remnants of al-Qaeda and ISIS would be a waste of time.

It's enough to say that not a single one of these state and non-state actors can reasonably be expected to show up on our shores, "D-Day style," at any point in the near future. And if you expect any of these adversaries might come ashore, cannons blazing, in Cleveland, or San Francisco, or Austin, or Bismarck, N.D., then I respectfully submit you may be watching a little too much cable news.

And in the slightly more likely event that one of these foes were to, say, set off a dirty bomb in any of these places, it's doubtful an extra aircraft carrier would prevent it.

And yet, if the manifestly stupid, hopelessly censored mainstream media - run by just five conglomerates - were to be believed, hordes of jihadist enemies are closing in from all sides, moments away from striking.

Then again, this pale shadow of a legitimate Fourth Estate has also - just as dangerously - confused an East Coast stock bubble for real, widespread prosperity and strength.

No, folks, the real danger to American security and prosperity - what's left of it, at least - is safely ensconced, thriving in its ultimate evil, right here...

Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter

Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…

Claim My Free Report

Matt PiepenburgMatt Piepenburg

About the Author

Browse Matt's articles |

25-year run as a hedge fund portfolio manager, family office chief investment officer, managing director and general counsel. Internationally recognized expert in credit and equity markets as well as macro risk management.

… Read full bio

Subscribe
Login
Notify of
guest

guest

2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Ron Ross
Ron Ross
4 years ago

USA has lost the real war.

0
Reply
RUSSELL
RUSSELL
4 years ago

President Bush was given a speech to made to the American people which stated that the US have gone to war with Iraq and after Bush made the speech an advisor came into his suite at the White House and asked " Why have we gone to war with Iraq " and President Bush said " I don't Know I was given this speech by the defence department and I just read it out "

The Presidents just follow the advise of the Defence Departments and Secretary of Defence and go to war without knowing why and of course the American people have to fight the wars.

The middle class is disappearing because the world economy is becoming a slave economy and the old class war is beginning to bite between the lower classes and the upper classes and the middle class is no longer relevant !

Russell

0
Reply


Latest News

September 25, 2023 • By Tom Gentile

This Little-Known Secret Can Help You Perfectly Time Your Next Trade

September 25, 2023 • By Shah Gilani

earnings
This Stock Is Yielding Over Double the Inflation Rate Right Now

September 22, 2023 • By Shah Gilani

earnings
Why the Fed's "Higher for Longer" Message on Interest Rates is Bogus
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Penny Hawk Midday Momentum
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Quantum Data Profits Flashpoint Trader Darknet Alpha Accelerators Brutus Alerts Resource Traders Alliance L.A.U.N.C.H. Investor Rob Roy Trader Long-Term Equity Profits

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz