Flash Update No. 17
War Risks Can Shift Underlying Financial and Economic Resources,
Some to the Downside, Some to the Plus Side
Current Extremes of Fiscal and FOMC Imbalances and Policies
Threaten Massive Systemic Instabilities, Ranging from the
Economy and Financial Markets, to Domestic Inflation
Last Time the Federal Debt-to-GDP Ratio Topped 70%, Let Alone the
Currently Unsustainable 107%, Was in 1944/1945, at the End of World War II;
What Happens Now if the U.S. Goes to War?
FOMC Banking-System Mismanagement and Bailout, and Coincident
Federal and Corporate Policies Aimed at Shifting Domestic Production Offshore
Have Weakened Potential Domestic Manufacturing of Defense Goods
At the Same Time, War-Time Production Needs Would Tend to
Reactivate Some Key Manufacturing in the United States
Congress, the Executive Branch and the Federal Reserve All Are Culpable, in
Pursuing Short-Sighted and Negligent Domestic Economic Policies