Richard J. Maybury’s book Whatever Happened to Penny Candy? provides a good introduction to government’s destruction over time of the value of money. The “penny candy” mentioned in the book’s title has moved on to higher and higher prices as the value of the penny has continued to decrease. Now pennies themselves are going away with the last new penny having been minted by the United States government on Wednesday.
President Joe Biden has been a top pusher for the United States and other governments to shovel an apparently never-ending supply of money and weapons to the Ukraine government, while imposing sanctions on Russia that have severely hurt some sanctioners while seemingly leaving the sanctionee doing just fine. “Anything for Ukraine” seems to be the tack of Biden and his cohort who are using the country as a means to attack Russia.
Former Army Colonel Lawrence Wilkerson, who was chief of staff for Secretary of State Colin Powell in the George W. Bush administration, warns in a new The Real News interview with host Sharmini Peries that the United States government is driving down a “highway to war” with China — a war for which Wilkerson sees no sound justification.
The drive toward war is not undertaken in response to a real threat posed by China to the people of America. Instead, argues Wilkerson, the US government is moving toward war for reasons related to money for both the military and the broader military-industrial complex, as well to advance President Donald Trump’s domestic political goals.