by David Stockman
October 14, 2017
Antiwar.com

Thursday we identified a permanent fiscal crisis as one of the quadruple witching forces arising in October 2017 which will shatter the global financial bubble. Today the Donald is on the cusp of making the crisis dramatically worse by decertifying the Iranian nuke deal, thereby reinforcing another false narrative that enables the $1 trillion Warfare State to continue bleeding the nation’s fiscal solvency.

In a word, the whole notion that Iran is a national security threat and state sponsor of terrorism is just as bogus as the Russian meddling story or the claim that the chain of events resulting from the coup d’ etat fostered by Washington on the streets of Kiev in February 2014 is evidence of Russian expansionism and aggression.

Likewise, it’s part of the same tissue of lies which led to Washington’s massive, destructive and counterproductive interventions in Syria and Libya – when neither regime posed an iota of threat to the safety and security of the American homeland.

To the contrary, all of these false narratives are the cover stories which justify the Warfare State’s massive draw on the nation’s broken finances. We will get to the Big Lie about Iran momentarily, but first it is useful to demonstrate just how enormously excessive the nation’s defense budget actually is, and why the denizens of the Imperial City – especially the neocon ideologues – find it necessary to peddle such threadbare untruths.

Spoiler alert: Iran has actually never attacked a single foreign nation in modern history whereas Washington has chosen to unilaterally intervene in or arm virtually every surrounding country in the region.

Here’s some historical context that dramatizes our point about Washington’s hideously excessive spending on defense. Back in 1962 on the eve of the Cuban Missile Crisis, the US defense budget was $52 billion, which would amount to $340 billion in today’s (2017$) purchasing power.

Needless to say, the world came to the brink of nuclear Armageddon at a time when the Soviet Union was at the peak of its power and was armed to the teeth. In addition to thousands of nuclear warheads deliverable by missiles and bombers, it had 50,000 tanks facing NATO and nearly 4 million men under arms.

The now open Soviet archives, of course, show that the Soviets had far more bark than bite and never conceived of attacking the US or even western Europe; they didn’t remotely have the wherewithal or the strategic nerve.

Nevertheless, by 1962 false moves and provocations by both sides had created a state of “cold war” that was real. Yet even then, the $340 billion military budget was more than adequate to deter the Soviet threat. Nor is that our view as an armchair historian.

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