Letter
The bigger picture
The problem with much of the coverage of the manifold wars, invasions, coups and interferences of the dying US empire is that they focus on the specifics of actions and intentions of the US and its proxies in undertaking these criminal actions, but can often ignore the broader context in which these occur.
In examining the present successes and failures of the geo-political actors and the tactics they are undertaking they fail to examine the economic context in which they are occurring. The discussion around Israel’s military intentions must on the other hand take account of it’s and it’s sponsors ability to continue to finance and supply those specific military actions.
Even a brief observation here reveals the impossibility of those actions being sustained. The vast bulk of Israeli military expenditures are funded by the US. In the current circumstances that is exaggerated by the catastrophic state of the Israeli economy.
The US dollar is tanking under the weight of nearly $40 trillion of US debt, which the US cannot any longer finance as the world’s central banks move rapidly to gold and away from the dollar. US Treasuries are struggling to find buyers. The end is nigh!!
— Les Macdonald from Balmain NSW 2041