When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Saturday, December 21, 2013

China, US, both waste resources, just differently

China may be throwing money away on "ghost cities" but the US government is throwing away money on useless things too -- like a bloated, unneeded military infrastructure --

Mish's Global Economic Trend Analysis: Does the US Have Enough Military Bases?: "...Questions: Given that any satellite can pick up this information, is there any rational reason to have "secret bases"? Is any base really a secret? Would US security be hampered if 25% of the bases were shut down? 50%? 80%? The answers are 1-no, 2-no, 3-no, no, no...." (read more at link above)

Coming -- a rebalancing of military spending (meaning cuts, big cuts) once Washington gets serious about reallocating limited resources, instead of just tax, spend, waste, and ask for more.


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects