by Thomas Lifson, American Thinker:
In only two years, Joe Biden’s presidency has produced multiple catastrophes from which recovery will be difficult, if it is even possible. Domestically, we see the banking system teetering on insolvency, as the rapid escalation in interest rates has devalued long term Treasury notes that used to be considered a safe place for banks to park funds in excess of what could be safely lent. The reason for these Federal Reserve interest rate hikes is the inflation that was immediately triggered by Biden’s jihad against domestic oil, gas, and coal production, that triggered an inflationary spiral that continues today, devaluing the life savings of thrifty Americans, and pushing food and energy costs up so fast that many families have had to drastically reduce their standard of living.
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Bad as these catastrophes are, the potential for serious damage to the welfare of the American people from the military and diplomatic policies of the Biden administration is much worse. Losing a war – or even just fighting a nuclear war – makes a mere Depression look like a day at the beach. And make no mistake, the Biden administration is flirting with a nuclear confrontation with Russia that China might well decide to join and eliminate for good the power of the United States to oppose its aims for dominance of the Asia/Pacific region (for starters). Meanwhile, as the potential for an ultimate confrontation increases, resources for America to counter the threat are rapidly diminishing.
Start with the monumental blunder of driving together China and Russia, not necessarily natural allies, indeed with a recent history of serious tension. But now Xi Jinping is about to visit Moscow, and the two are united in opposition to American hegemony. They are joined in the task of replacing the dollar as the world reserve currency by other rising powers of the BRICS.
The imposition of woke policies on our military, following the purge of active-duty members who refused to submit to mandatory vaccination by an experimental (and increasingly hazardous-looking) drug has made recruitment so difficult that standards have had to be lowered. A denuded military force staffed by lower quality recruits is not a recipe for success in war.
Then consider the insane drawdown of our stocks of ammunition, missiles, and other weapons of war, sent (along with untold billions of dollars going to the most corrupt regime in Europe) to a dictator in Ukraine who has banned his political opposition, shut down opposing media, and closed Orthodox Christian churches, all in the name of “defending democracy.” This denuding of critical resources continues, even as China and Russia both strengthen their positions, and China openly continues a massive military buildup aimed at conquering Taiwan (by war or diplomacy).
And don’t forget the massive stock of weapons thoughtfully left intact for the Taliban during Biden’s chaotic withdrawal from Afghanistan. Those weapons can be shared with Iran, which has excellent reverse engineering capabilities, and/or used by any Islamic radicals the regime in Kabul chooses to reinforce. I’d call the weapons stockpile a ticking time bomb.
Kim Dotcom alludes to what I have read elsewhere: that Russia has substantially more manufacturing capacity for ammunition than we do:
Putin runs a low cost war, mass producing artillery ammo and attack drones while keeping the Ukraine power grid down with occasional missile attacks. Biden bleeds billions into an increasingly unpopular proxy war. Putin turned RAND’s ‘Unbalancing Russia’ playbook against the US.
— Kim Dotcom (@KimDotcom) March 16, 2023
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