43 Comments
User's avatar
Doug Hornig's avatar

And speaking of government spending, the DoD's IG has just released a report on the cost of the Iran war, including this: “USCENTCOM reported that Iranian strikes damaged and destroyed hundreds of buildings and structures at U.S. bases in Kuwait, Bahrain, Qatar, UAE, Saudi Arabia, Iraq, Oman, and Jordan.” The IG didn't estimate how much repairs would cost, but an independent analyst thinks maybe $200 billion. I suppose the DoD could do that, altho with what money is a good question. Or, here's a modest proposal: We could decide those bases serve no real purpose and just walk away from them...

Paul Murray's avatar

Most of them have major damage right now. More damage and it won't take much for us to abandon them. Like JFK's compulsive philandering, this part of the Iran War has not been generally reported in the mainstream media. Still, we walk away from everything sooner or later, based on my personal observation/experience of life in the USA. In the case of Afghanistan, we ran away. In Korea, we have been sneaking out a piece at a time. In Viet Nam, we evacuated a fortunate few off the rooftops with helicopters. President Trump proposes from time to time that we close European bases. I don't know whether he does that for momentary leverage or whether he's actually trying to prepare us for what's coming. Best always. PM

James ( Jim) Marshall's avatar

As a young "stupid" 18 year old in 65, I participated in the Viet Nam scam. If I remember correctly, we lost 50,000 KIA and about 250,000 wounded or injured for life. Some ended up on drugs for life. Another big political scam. As a country (empire) both parties take us from one empire scam to another...history shows we, as a country, never learn.

Jim Marshall

altschule's avatar

yes in these past 85 years the residents of these 'united states' have degenerated into a people that the founders would not recognise !

FVM's avatar

The British handed off the imperial hot potato to the USA in the 1950s since they were driven to insolvency by its cost, and we have decided to pass it along to the EU/NATO or whoever else thinks it's a great idea to pick it up.

altschule's avatar

yes and it's coming from the heart of a once free nation of supposed enlightened electorate .. or is it a bunch of neoashkennazi's 'brown shirts' ?

FVM's avatar

Yes, sail away with whatever is worth salvaging and invite NATO members who wish to provide security for their trade through the region to take over the space as the USA continues it's pivot to the Western Hemisphere. Consistent with the new foreign policy documents released last year

Paul Murray's avatar

Example of Fake News: Yesterday afternoon a message from the AP showed up in my inbox with the headline: "Photos of world leaders confronting global crises at the UN General Assembly". The message did, in fact, contain photos from the UN General Assembly. What the message did not convey was the underlying fact: world leaders don't confront global crises; they create them. Best always. PM

Cartero Atómico's avatar

And it looks like the US is the leader in creating global crises. For instance, If James Baker's promise of not allowing NATO move one inch to the East had been kept there probably would have been no Russian-Ukraine war. If the CIA had not overthrown the Iranian government in 1953 there would have been no war against Iran.

Paul Murray's avatar

Biden gave the world away when he said he would not challenge a "limited incursion". Best always. PM

Cartero Atómico's avatar

One last thing. There was a civil war in Ukraine for 8 years before the Russian invasion. Ukraine was repeatedly bombing civilians in the Donbass region. What happened to the duty to protect philosophy that the US used to justify their destruction of Libya?

James W.'s avatar

Do you meen ‘ …. The Russian Invasion before the Russian Invasion…., 🫩

Cartero Atómico's avatar

But it never would have happened if the US had kept their promise of not moving Eastward. Plus, imagine how the US would react if China or Russia was threatening to put bases in Mexico or if they were financing military biolabs in Mexico.

Paul Murray's avatar

The USSR put bases in Cuba. How did we react? Best always. PM

Worm Farmer extraordinaire's avatar

Yeah. But the problem is not 1 person in 100 knows these facts. Netflix, fantasy football, etc. They do know that.

FVM's avatar

Some they create. but most they inherit from their wily predecessors who spent their watches kicking the can down the road for their successors to mishandle.

Kevin Wood's avatar

All the news you want to hear. Critical thinkers need not subscribe. Opposing viewpoints are no longer tolerated. That might lead to (gasp!) debate… or even worse, civil discourse. We all know that in today’s world, those who think differently from us are the enemy. Play it safe. Only read what you already agree with.

Tom's avatar

No one seems to notice that while diesel is at all time highs crude is not. With fewer refineries in CA. Trucking in diesel gets expensive. I also feel taxes on diesel are at all time highs as well.

John Henry Aiken's avatar

Boy, wages are sure down,Bill. It's only $86,000 median wage!! In any other country that is the upper class. Just sayin.

Jimm Roberts's avatar

J H A -- In our country, the purchasing power of our wages, regardless the amount, buys less and less each year.

It's one of the reasons some people are buying items that don't lose value and/or produce monthly income (e. g., gold, rental properties, REIT's, etc)

Tim Pallies's avatar

That was for a family if I'm not mistaken. And "median" includes a whole lot of people making good money. I read not long ago that half of the workers in the country earn $30,000 or less. That sounds tough.

John F. F. McCullagh's avatar

Try living on SSA in NY!

John Austin's avatar

So...take your median wage, and move to a foreign bolthole, where it can actually buy you a house and a car, and food. You too can be upper class - in that country. If they'll have you.

James W.'s avatar

Getting far more common John.

Agent22Smith's avatar

Perhaps more accurate, “I pity the fool[s]”. Mr. T

Kenneth LeMaster's avatar

I get this correspondence too. Frankly alot of this correspondence is so out of line with reality that, in my case, its (thankfully) far less effective than it could be.

James W.'s avatar

Yes, a lot of it proves unrealistic. Choices and options increase proportionally to the size of your wallet.

Paul McGinn's avatar

My grandfather once told me don’t stop in the middle of the street to pickup a nickel. Look both ways if it’s a quarter. You stayed that 25 basis points makes little difference. I love it when penny pinching billionaires make this comment (Bill) if I have 10 million and can save or earn 25 basis points isn’t that 25 k. I’m stopping and looking both ways😊

altschule's avatar

Bill !!! don't be so surprised at the increasing flood of distorted noise coming from all directions. All of this is being 'managed' to ensure that the minority continues to 'control' the narrative. Your BPR message has been identified as a major target primarily by many of your so called readers as they regularly report your flagrant exposée to higher authorities to the mafia/media clan now in control of the US and most of it's feeder fish .. except for a few like Canada but they will get rid of Carney soon and install their own puppet to only speak and do the will of God's deemed saviour of humankind .. or have you not been listening to the babble coming from the righteous right hand of god ? you better look out better look twice because soon you'll be banned for being naughty and Not nice to the morons now in control from the highest to the lowest positions across al levels of administration/control of what was once the land of the FREE!

Cartero Atómico's avatar

Can't we all at least be happy that are dear leader has renamed Artificial Intelligence to Super Intelligence? In other exciting AI or SI news, around 48% of young men have gambling Apps on their phones and AI is being used by gambling app companies to target degenerate gamblers.

altschule's avatar

human get what they want and deserve !

Cartero Atómico's avatar

Couldn't we say that humans get what they tell us to want? The guys behind the scenes run some top flight propaganda campaigns. Look at the success of the campaign to get people to get the Warped Speed experimental mRNA vaccine.

Odin's avatar

In OZ the state is promoting more jabs for the people.

Population control in action !

Mackinac's avatar

Here we go again. But Bill I thought you were more interested in economic analysis for an article or two.

Ed Uehling's avatar

Yea, Bill, $9 per gallon has nothing to do with our policy insanities or the warmongering Military Industrial Complex (MIC) or its handsome but fake cowboy leader. Above all, don’t connect any dots between the cockroaches and the economic realities which the former are so confidently producing. Get over it, Bill, and support our brilliant President in his patriotic and Christlike plan to liquidate 90,000,000 Moslems (on behalf of his/our bosses in Israel) and avoiding any personal exposure to Epstein. Please focus on what’s REALLY important!

Ed Burns's avatar

He does include Biden in his screeds on inflation these days. That's progress.

James W.'s avatar

It is economic analysis from a political aspect. All the commentary affects business and wide opinion. A back drop to all decisions. Economic features drive commercial outcomes as do political decisions ( or bias).

Clem Devine's avatar

About time your fuel prices caught up to us here in Aussie! $6 gallon is normal here and I just paid nearly $9 gal. but that was remote in the middle of the Nullarbor.

John F. F. McCullagh's avatar

The President is right we have never seen numbers like 40 Trillion. Bitcoin anyone?

James W.'s avatar

Tulips ……. Anyone ?

Odin's avatar

Well, the modern equivalent for sure.

Same ending probably !