Estimates say the Pentagon has already spent 0.1 percent of its massive annual budget since the war started, with experts saying a three-week war could easily cost tens of billions of dollars
How fantastic would it be to run a bank, secure in the knowledge that if your investments bottom out, the US taxpayer will bail you out with low-interest loans, which you will later pay back with money that’s worth 20% less.
Then, you buy a military contractor or three with the profits.
It sucks for our economy. It’s great for funneling tax dollars directly into the pockets of energy companies and other war profiteers.
It’s great for JP Morgan’s economy, though!
How fantastic would it be to run a bank, secure in the knowledge that if your investments bottom out, the US taxpayer will bail you out with low-interest loans, which you will later pay back with money that’s worth 20% less.
Then, you buy a military contractor or three with the profits.
viola! The US economy loop fundamentals