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'The cost of the US wars on terror has reached into the trillions..'

Posted by archive 
'In its reply to CNN al Qaeda declares Afghanistan its victory. "The Americans are now defeated," and draw a parallel to the Soviet Union's withdrawal three decades ago from the country and its subsequent collapse: "The US war in Afghanistan played key role in hitting US economy."

That line echoes the rhetoric of bin Laden himself, who promoted the oversimplified idea that the Soviets bankrupted themselves in Afghanistan. The cost of the US wars on terror has reached into the trillions, but the 9/11 attacks did not bring on US economic collapse. Al Qaeda admits the toll the war has taken on them, saying it sent "most" al Qaeda central fighters to Syria where "some of them have been martyred in recent years."

- Al Qaeda promises 'war on all fronts' against America as Biden pulls out of Afghanistan, April 30, 2021



Context

'..the national debt .. a dire threat to our economic and national security.'

Forever War in the Last 20 Years Cost $6.4 Trillion

CNN - The world is drowning in debt


Our Obsession with Consumption — while Ignoring Saving and Investment — Is a Big Problem

'The only cure for a Bubble is to not let it inflate.' - Dr. Kurt Richebacher

(Banking Reform) - 'I have serious doubts contemporary finance will pass this test .. for centuries, post-Bubble post-mortem would invariably fault the instability of “fractional reserve banking.”..'


'..BIS chastises central banks .. More fundamentally, monetary policy cannot be the engine of growth.'

'They got on the wrong path about a hundred years ago by assuming that the economy was like a machine.'

The Dangerous Delusion of Price Stability - William White


'Deflation may actually boost output. Lower prices increase real incomes and wealth. And they may also make export goods more competitive.' - BIS

Biden to withdraw US troops from Afghanistan by September 11

(Afghanistan, Realism & Restraint) - '..the Afghan war alone drove [US] decline.' - Afghanistan Buries Another Empire


'China’s Vision of Victory .. is of a world under authoritarian rule .. incompatible with U.S. democracy.'