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In celebration of another multi-trillion dollar American military defeat, the end of the Afghan War, the longest war in American history, the U.S. House on Thursday approved its $778 billion fiscal 2022 National Defense Authorization Act.
With a strong 316-113 majority vote, the House injected about $25 billion more in spending than President Biden proposed in his 2022 budget request.
The Hill reported that the additional funding was approved when 14 House Armed Services Committee Democrats “in vulnerable seats” sided with Republicans. Rep. Mike Rogers, a Republican from Alabama added $23.9 billion to the bill after the U.S. withdrawal from Afghanistan.
The Senate will now pass its own bill and then the debate will begin in both chambers over the next few months. (See “MILITARY SPENDING INCREASES AS ECONOMIES DECLINE.”)
Politico reported that the bill calls for women to register for a military draft and “also aims to extract information from the Biden administration on the chaotic withdrawal from Afghanistan and launch a wide-ranging review of the two-decade war.”
Representatives on the Armed Services Committee said that the bill will help the U.S. junk old weapons and assist the Pentagon in its “pivot toward emerging technologies that help match threats posed by China and Russia.” An additional $62 billion will be added to support the U.S. intelligence agencies which are part of the military industrial complex.
TREND FORECAST: While much of the world’s population suffers from the devastation of the COVID War which has destroyed lives and livelihoods of hundreds of millions… politicians keep stealing more of We the People’s money to enrich the military-industrial complex.
America’s other “great threat,” Russia allocated just $67 billion for its military budget. And Statista, citing SIPRI data, reported that China has increased its military expenditure by almost 800 percent since 1992, reaching about $245 billion 2020… which is a fraction of what the U.S. spends.
As we have forecast, the 20th century was the American century—the 21st century will be the Chinese century. The business of China is business; the business of America is war. (See “TOP TRENDS 2021: THE RISE OF CHINA.”)
While America spent countless trillions waging and losing endless wars and enriching its military-industrial complex, China has spent its trillions advancing the nation’s businesses and building its 21st-century infrastructure.
And while America and Europe have outsourced their manufacturing to China and developing nations to increase profit margins, China’s dual circulation/self-sustaining economic model is directed toward keeping jobs and trade and profits within the nation, thus relying less on global trade.