Vince answered a question at Quora.
Do Americans see and accept the connection between wars abroad and prosperity at home?
Vince Dhimos, Editor-in-Chief at New Silk Strategies (2016-present)
Answered 2m ago
Generally speaking, Americans haven’t the slightest inkling as to the connection between military spending and the rapid decline of the US economy.
I have a friend who once ran an investment fund. He escaped communist Hungary and was greatly assisted by a US Jewish group. As a result, he became wealthy.
This investor once told me that war brings prosperity. When I asked him how this happens — ie, by what mechanism — he said he didn’t know but that all his friends assured him it was true.
The fact is, war only costs blood and treasure and does not help the economy one iota.
So why do Americans think the economy is just fine and dandy? Because they don’t understand what the US debt is doing behind the scenes. Cancer can be growing in the body for months to years before its symptoms start to show up, and by then it can be too late. The US debt is a cancer and slowly but surely, it is destroying the economy.
The most ominous sign is that US Treasury notes are no longer selling. Major countries that once bought the bonds are selling them off. After all, the interest rates are paltry. As a result, the Treasury must print money — it’s called quantitative easing — and buy its own bonds. History teaches what happens when countries just print money with no backing. Remember the Weimar Republic? Zimbabwe? If the answer is no, then you are a big part of the problem. The US is a so-called democracy (really not though: https://www.quora.com/Is-China-a...) and when the people are unaware of history and economics, then these problems are never resolved. The ignorance is systemic and is encouraged by the Establishment. I have been listening to the televised campaign debates for years and have never once heard the moderator ask a candidate what he or she would do about the US debt. The question is off limits. Nor are the candidates asked about the “defence” spending and wars that worsen the debt. Thus the cover-up is complete and the unknowing populace can be herded like cattle.
Here is just one of many analyses of why the US is in grave danger from the debt:
CHART: How the U.S. Economy Could Be Destroyed by Trillions of Dollars in Debt
TRUMP COSTS AMERICANS A TRILLION A YEAR
THE US IS HEADED FOR “FINANCIAL ARMAGEDDON”