“Without sifting through the rotting underbelly of the political machine to determine the real reasons why the US needs to go to war in Syria, I’d like to look at what the coming war means for real money. Yes, the shiny stuff.
There are a few common misconceptions that surround war and gold:
- War is in fact good for the economy
- War is good for gold
Lets deal with the first supposition.
Destroying infrastructure, goods, buildings and then killing people and subsequently removing their skills from the labor force can never be good for an economy. It’s an asinine assumption trumpeted by social scientists such as the MMT crowd, which I dealt with in my recent article This Company’s Burn Rate Should Scare The Hell out of You!”