Defense spending

I found this link today. The story is good. It's not really new, but it is always good to be reawakened to such things.

It's stuff like this that contributes to my growing hunch that the U.S. might suffer a very significant economic collapse (and I mean collapse, not depression, recessions, or any other such pansy economis term). We're going to be in some very big trouble soon if things don't change, and there are few options for such change. This sort of excess spending only hurts us.

However, on the other hand, when the government runs us into the ground, we'll default on our loans.

It also makes me think about the dollar and the best way to invest these days. As Buffett has made all too clear, the stock market isn't all it used to be. The dollar is currently taxed at what, something like 2%/year, but if shit starts hitting the fan that'll go up. Maybe we should actually all get into debt up to our armpits and then wait for the dollar to devalue. Then we'll be able to pay off our loans in a hurry, once bread costs $100/loaf.

Ah well, it'll be interesting, and people who speak english still have good marketability, and likely still will, even after a collapse, although speaking other languages will definitely help. Maybe I'll have to brush up on my Hindi (the language, not the religion, although that wouldn't hurt either. The transition might be stressful...)

Hopefully the U.S. collapse will be analagous to the dotcom bubble bursting. It wasn't the end of the internet, it was just a day of reckoning for excess zeal. We're overvalued and largely insolvent. So we must go burst.