Iraq a diversion or what is taking place to our economy

[madmunchie]

As long as we are in Iraq and so focused on staying in or getting out; our economy and what is happening to it will be on the back burner. Gold at all time high along with silver and platinum, market is jumping all over the place on the downward trend, dollar is getting weaker - weaker than the Euro, how long ago was it when the Euro was way below the dollar? Probably another interest rate cut next month, further weakening the dollar. Oil will soon be over $100.00 a barrel and not stopping there. How long ago was it that oils was $40.00/a barrel? How much money has been lost in Iraq - I mean supposed to be used over there and is totally unaccounted for? We are spinning into economic oblivian - who is really talking about this? When is it going to stop?

[OHdem10]

1. Remeber the old line---Leaders keep wars going so people

will focus on war and not their sad plight. Escusing the Leader,
the people think --he has to protect us. Old old old theory
that sometimes works.

[madmunchie]

2. Why aren't more people - at least on this board - worried about this?

What is happening to our economy right now is destroying it - literally. Iraq is horrible in itself, but we are all getting hit in our pocketbooks and just seemingling rolling over.

[ozone_man]

3. When we can no longer deficit spend.

When our credit limit has been reached. When exactly that is I don't know, but at $9T and a dollar that has lost ~40% our creditors are getting very worried and have made noises that they won't allow it to drop much more without off loading our debt.

I think it was definitely a diversion to pull us of recession, providing the illusion of a healthy (war) economy. But it is only an illusion that is now fading. The recession is coming back with a vengeance, because now it is fueled by much more debt than in 2003, we're at or approaching our credit limit, and we can't devalue the currency much more.

And the War on Terror was a diversion away from pressing social issues like health care, education, jobs, environmental issues, renewable energy. So we have a trillion less dollars to spend on programs that matter.

Other reasons for Middle East war are allowing multinational oil companies to reassert control of ME oil, and providing welfare for the military industrial complex. That's "Why We Fight". See the documentary. http://www.imdb.com/title/tt0436971/