Opinion

Opinion: U.S. Lacks Instinct For Self-Preservation

Stock quotes in this article:HAL, KO, MCD, CAT, INTC, IBM, MSFT, DOW, CLX, PG, DE, RIG, DEO, NSRGY, GSK, BHP, RTP, PZE, TOT, BP, GLD 

We all have heard the famous quote that goes something like those who do not pay attention to history will repeat history. The U.S. Congress and our presidents and war planners have chosen to ignore the quote for decades. Why they ignore it is a great mystery and will go down in history as another example of a great and powerful people who have failed.

My thesis is that our enemies are deliberately working in unison to bring us down by making us outspend our resources and thereby make us go the way of the English Empire, Roman Empire, Chinese Empire, and even the French Monarchy.

The amazing thing is that less than 30 years ago, we did the same thing to the Soviet Union. How can our leaders ignore history of so recent a vintage? The bottom line is that when the money runs out, the empire is at great peril and its very existence will be uncertain.

Who is in charge of our destiny? It does not seem to matter much which political party is in charge because the result is the same. Economic power allows for sustained military power. Spain conquered the New World and ended up with a huge amount of gold. It used its gold to project its empire all over the world and in Europe. We know how that played out. When World War II ended, the U.S. owned most of the world's gold and we were the world's biggest creditor nation. We are now the world's biggest debtor nation.

I am neither a military historian nor a war planner, but it seems to me that anyone with any common sense who has read any history of the world can grasp that the USA is bleeding financially to support all kinds of military activities all over the world.

These activities are in large part financed by our potential enemy China. Our leaders must think that China is our potential enemy, which is why we keep so many troops in Japan and a huge naval fleet in the waters off China. I will discuss four areas that are bleeding us dry financially that most likely will result in a total debacle for us if our troops have to fight an enemy. In part two of today's editorial, I will discuss the folly of stationing our troops in South Korea.

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Matt Horween owns shares in BP, BHP, GSK, MCD, KO, DE, CAT, CLX, PG, DOW, RIG and HAL. He is a certified public accountant and former commissioned U.S. Foreign Service Officer for the U.S. Agency for International Development from March 1981 to March 1998. He served in Burkina Faso, Senegal, Egypt, Honduras, and Barbados and spent about 15 years overseas. He ended his career stationed in Washington, DC as the Financial Controller for the Bureau that controlled the foreign aid program for Europe including all of Eastern Europe and the former Soviet Union and its former Satellite Countries. Horween also worked as an auditor for Price Waterhouse & Company in New York City and held various financial management positions for several publically listed corporations. Early in his career, he served as a Radio Intercept Analyst for the U.S. Air Force Security Service and was stationed in Greece. Horween graduated with honors from the CCNY, Baruch School of Business Administration and was Editor in Chief of the "Accounting Forum." He received the Haskins Award Silver Medal from the New York State Society of CPA's for the second highest grade on the May 1969 NYS CPA Examination. Since his retirement, he has served as the Acting Controller of the Clark County Library System and a large PVO in Las Vegas, NV.

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