Alibaba'a Jack Ma Drops a Redpill in Davos: The U.S. Wasted $14 Trillion on Wars Over the Past 30 Years

The_Real_Fly's picture

And there it is, the unvarnished, raw, truth about how everything went wrong for middle class America.
 
Since the Vietnam war, more than 45 years ago, the US has embarked on a neocon strategy of war in an effort to build a global empire. The result of that strategy has left American infrastructure second rate, its school system in shambles, and its healthcare system a complete and utter joke.
 
Just imagine what America could've done with $14t of investable dollars, instead of waging wars.
 
Aside from the wars, America spends more than 50% of its discretionary budget on the military, per annum, 16% of its overall budget.
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That's the main issue, the sordid topic that is rarely discussed in American politics, for fears of crossing the military-industrial complex.
 
Jack Ma from Alibaba doesn't share those same fears, being a Chinese national worth $27b of zero fucks
 
In a very rare glimpse into what the Chinese really think about American imperialism and how it shaped the global economy, all the better for China might I add, Jack Ma spoke candidly today in an interview with CNBC's Andrew Ross Sorkin.

 

"It's not that other countries steal jobs from you guys," Ma said. "It's your strategy. Distribute the money and things in a proper way."
 
He said the U.S. has wasted over $14 trillion in fighting wars over the past 30 years rather than investing in infrastructure at home.
 
To be sure, Ma is not the only critic of the costly U.S. policies of waging war against terrorism and other enemies outside the homeland. Still, Ma said this was the reason America's economic growth had weakened, not China's supposed theft of jobs.
 
In fact, Ma called outsourcing a "wonderful" and "perfect" strategy.
 
"The American multinational companies made millions and millions of dollars from globalization," Ma said. "The past 30 years, IBM, Cisco, Microsoft, they've made tens of millions — the profits they've made are much more than the four Chinese banks put together. ... But where did the money go?"
 
He said the U.S. is not distributing, or investing, its money properly, and that's why many people in the country feel wracked with economic anxiety. He said too much money flows to Wall Street and Silicon Valley. Instead, the country should be helping the Midwest, and Americans "not good in schooling," too.
 
"You're supposed to spend money on your own people," Ma said. "Not everybody can pass Harvard, like me." In a previous interview, Ma said he had been rejected by Harvard 10 times.
Along those lines, Ma stressed that globalization is a good thing, but it, too, "should be inclusive," with the spoils not just going to the wealthy few.
 
"The world needs new leadership, but the new leadership is about working together," Ma said. "As a business person, I want the world to share the prosperity together."


 
Here's why your country is falling apart.
IMG_6136

The Russians didn't do that.

 

Content originally generated at iBankCoin.com

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vegan's picture

On American Priorities: 10 Things We Could Have Done with the Iraq War Money
https://www.good.is/slideshows/on-american-priorities-10-things-we-could...

BendGuyhere's picture

Finally I can bestow kudos on Harvard for rejecting this little creep 10 times. I'm sure he had perfect grades. Grade and money grubbing asians and jews have destroyed that once august institution.....now little more than a credentialing ghetto for the worst of the worst.

TeethVillage88s's picture

Jack Ma is referring to years following the Nixon Shock when he points to massive US mis-allocation of Tax Dollars. But I don't think he goes far enough and then he seems to retreat to an Ivory tower of globalism and outsourcing.

"In fact, Ma called outsourcing a "wonderful" and "perfect" strategy."

- US used to worry about Federal Budgets and conservative stewardship of the World Reserve Currency
- US Used to care about total money supply, MZM, M3
- US Used to be concerned about derivative Instruments and Fraud
- US Used to be concerned with Balance of Trade/Total Account of dollars flowing out of country
- Today Congress is no much concerned about who is gaming the system if they are spending lobby dollars
- It is a race to the bottom as far as congress is concerned, the USD is living on borrowed time

Jack ma is pointing out that the Dollar is flawed.

gespiri's picture

This croissant-face should stop telling the truth before he gets labeled anti-American, pro-Russia, anti-NWO, anti-globalization, etc.....he's beginning to hurt my feelings and I need my blanket and a safety pin to attach it!  WWWAAAAAAAAA!!!!

PitBullsRule's picture

Complaining about our schools, and he applied to get into one of our schools 10 times.  Hypocrit much?  Supposed to look after our own people, ever heard of welfare, social security, unemployment insurance?  Just because it didn't work doesn't mean America didn't try to look after its own people.  We were busy looking after the rest of the worlds people too.  We let you Commie bastards take over Cuba, our closest islander neighbors.  They're still driving the same fucking cars from the day you fuckers took over.  How come you're so proud, commie pricks?

MrBoompi's picture

He was obviously not educated in American schools.  He knows too much.

Fireman's picture

At this stage of the neocohen porn fest USSA is nothing more than a has been banana$ republic...without the banana$. Tough, live with it as the new guys take everything that is worth taking. How do you say "Can you spare a dime, buddy" in Chinese?

angry_dad's picture

once again we have a truth teller identifying the colossal incompetence and corruption of the worthless us politicians

happily, the us defense contractors and bankers got the majority of these $trillions

sadly, their clunkers still were defeated by peasants in pickup trucks as thousands of parents lost their kids. (none fromthe 1%)

 

the lesson here-- it's expensive to be stupid

TeethVillage88s's picture

Nice.

Logistics is expensive when you have to pay for it. $14 Trillion is much too high. Better to fight Banana Wars instead of Oil Wars or Opium wars.

In the USA we have a long tradition, we have outsourced our fruit from Latin America.

USA has been trying to live up to ideas of Super Power and being the next English Empire. If we could just stop trying to be like the English. Like end bribery of our state department and congress and put in term limits. In fact we need to limit total time in federal service.

PitBullsRule's picture

Nah, lesson is the Chinese will always kick you when you're down.

YHC-FTSE's picture

"Jack Ma from Alibaba doesn't share those same fears, being a Chinese national worth $27b of zero fucks"

Poor guy, you'd think he'd at least score one with his wealth. Surprised nobody else saw this sentence :)

No, but seriously, great article that is the fiscal equivalent of a dip in a frozen lake. It's a complimentary piece to the article about Eisenhower's MIC speech we saw yesterday. A macrocosm of what happens when the upper echelons of the bankster-politico military and intelligence industries create enemies to justify their existence and coerce equivalents in other countries to share the same crony-capital business model. I mean, look at Poland today. I just read that their political prostitutes, the Polish MOD, are in a frenzy of buying US military scrap against a non-existent "perceived threat" of invasion from Russia.

It's pathetic and so transparently infantile, I often wonder if the mean IQ level is being adjusted daily to account for the brain dead populous who cannot see what is happening right infront of their noses.

PitBullsRule's picture

How did that guy get so many zero fucks?

Grandad Grumps's picture

I believe that the global banking empire and associated elitists owe the American people that money back. The people did not want war. The elitists forced it down our throats. The incompetent parasitic sociopathic elitists also owe the world for all of the murder and destruction they caused.

Payback will most likely cure the social imbalance issue. Payment is DUE!

overmedicatedundersexed's picture

to all those non US citizens posting here..How you loved Obuma the specter..after 8 yrs of more wars and libya and syria and yemen..mass migrations into EU ..You Never admit you got fooled and you still know best, well, the blood of these last 8 yrs is on your hands as well..fuck you all..this is the NWO at it's best..

Iamanisland's picture

ok, let me 'splane this to you Lucy...because the dollar is the worlds reserve currency and because new dollars can only be created by debt, there can be no stopping the machine. You (the world) must keep swallowing dollar 'cause if you don't...well you know what will happen to you! Plenty of examples...so open wid(er) and keep choking them down and swallow hard...now there, see that is not so bad...kapeesh?

JailBanksters's picture

It sounds like a lot, but it's not really, it's only a lot to those that don't have a lot to start with.

That's only an average of 466 Billion Buckeroos a year fighting an enemy that doesn't really exist.

And considering for the past 15 years the Pentagram has been getting 800+ Billion a year ...

And Heir Trump wants to bang it up a Notch

PitBullsRule's picture

If the enemy doesn't really exist, how come we have so many one-legged soldiers?  If they don't exist, what was the Berlin Wall for?  Who was the KGB?  If they don't exist, who is it shooting back in Viet Nam, in Afghanistan, in Iraq, and Syria.  Somebody is shooting back, because otherwise the Veteran Hospitals wouldn't be filled with wounded.  Defense budget is just under 600B, not 800+.

williambanzai7's picture

Look at how much we spend on stymying those 4th place Russians, who surprisingly spend less than our important ally Saudi Obombia

PitBullsRule's picture

Wrong, the Russians spent more than the US, which is why their economy collapsed and the Berlin Wall came down.  When you spend so much your economy collapses, that means you spent too much, you dumb fuck.

LyLo's picture

...  Then, 25 years passed.  Several governments rose and fell, new countries formed and dissintegrated.  Most of the Soviet era arms ended up in the hands of our buddies in the ME, and aren't that useful in modern warfare anyways.  Now Russia spends WAY less than the US on the military, and has most of my life. 

Do try and keep up.

GreatUncle's picture

WB just add up all the allied columns too hidden and not hidden that is the total USA contribution in one form or another.

NATO why people not paying their dues, the military still there though so somebody paid.

laomei's picture

Ma says a lot of things, unfortunately not a single word out of his mouth is original. He, like all Chinese, only know how to copy and mimic others. He's a fucking joke.

angry_dad's picture

confuscious say;

a stupid gringo and his money are soon parted.

RovingGrokster's picture

Typical Commie-Davos claptrap.
Just because Ma is a good businessman, does not make him a great economist, nor an expert in foreign or domestic policy.
Our schools are third rate because commie infiltrators at all levels of government have centralized control and dumbed-down the curriculum, regardless of ever-increasing budgets.
Our infrastructure, far more of which should be managed at the state level, is crumbling because those Federal dollars are earmarked into worthless feelgood projects with some congressman's name attached, instead of being spent on infrastructure.
Hell, yes, get out of nation building and unnecessary wars, but take an axe to government and reduce its cost - then we'll have the money to invest as the people and states see fit!

LA_Goldbug's picture

"Hell, yes, get out of nation building and unnecessary wars, but take an axe to government and reduce its cost - then we'll have the money to invest as the people and states see fit!"

My understanding of Ma's words is that he is saying exactly what you suggest. The federal government is a drunk with a limitless credit card whose bill is sent to the tax payer.

alfbell's picture

14T? Gross under-estimation. Just the Pentagon alone "misplaced" or "lost track" of trillions. Who knows how much more the Deep State generated on their own to spend as well. Over the last 45 years I'd estimate that we've squandered more like 30 trillion on war. All that money spent on destruction and death instead of construction and life. Because our leaders have all been sociopaths. Psychotics. If our government was a person it would've been executed or given life in prison 50 years ago.

MrBoompi's picture

He obviously didn't add in all the trillions the Pentagon says they "lose" every year.  

PitBullsRule's picture

How could you lose trillions when your budget is less than 600 billion?  R U stupid?

Iamanisland's picture

Please don't confuse curreny and money...debts don't matter beause dollar be king currency and world must take paper curreny dollar.  Dollar not money after Nixon say so.  He sid FU to France and all the other slave states who work for dollar curreny. Open wider and swallow hardar...that is all you slave states need to do....see not so bad...now everyone happy!

PitBullsRule's picture

If you don't want it, you're free to trade it for pesos, "N-Yuan", or whatever the fuck else you want, asshole.  Go to the bank, they will exchange it for you.  Or better yet, just shut the fuck up!

Iamanisland's picture

paper for paper...have to think on that one..ok, done thinking.

orangegeek's picture

Jack Ma read Trump's script well.  Well done Mr. Ma.

Theremustbeanotherway's picture

Only the traitors "Fake Americans" have done this to the US. It's by design. The same "intenationalists" are behind the destruction of Britain and Europe.  If the day ever arives when this criminal scum are put on trial and convicted for crimes against humanity - that will be a day to remember.     

Ace006's picture

That money spent on schools and healthcare would have been a waste as well. The federal government funds pathology, lies and stupidity.

PitBullsRule's picture

You're using the internet they invented right now though aren't you asshole?  I bet you use their freeway system, their school system, their clean water, I bet you breath the air they kept clean with the EPA, and I bet you even used the vaccines they gave you to keep you from getting sick.  In fact, I bet you are just an ungrateful prick that would complain no matter where you were.  How bout you get your selfish ass out of the US and move to India or someplace where the world will appreciate all the wonderful things you do?

Audacity17's picture

What...you don't want more money wasted on liberal college indoctrination, medical monopolies and mafia unions?  LMAO.

Audacity17's picture

It's funny how liberals, paleoCONS and Chinese commies are all in agreement on big government social spending.

NotBuyingIt's picture

I'm growing kinda fond of Jack Ma. A few more redpills and I'll be a full-on fan!

PitBullsRule's picture

How about that.  Maybe you're just a fag commie?  Ever think of that?

peterk's picture

hard to see how that "social security unemplyment + labor figure can be correct, given that the US doesnt give money to that segment of society

and it it does its temporary.

I think the  mlitary  portion  is really  much larger, maybe takes up  the majority of that  unemplyment  segment........... they just use "definaition" to make it look

better... eg military subcontractor looses a contract and is reissued with it = unemployed

uhland62's picture

And the US is also very generous with foregoing revenue.

The late Marc Rich was worth billions and yet Bill Clinton pardoned him on his last day in office for violations of sanctions and not paying taxes.

How much money did Bill Clinton just let go? 

NotBuyingIt's picture

The Clintons and Marc Rich were partners. Clinton didn't forego anything. He simply pocketed it for himself (and HitlerWhore). More of the Clintons selling out the country and screwing us. That's all.

Ned Zeppelin's picture

I will add that Andrew Ross Sorkin is a complete idiot tool.

Vooter's picture

<<"You're supposed to spend money on your own people," Ma said.>>

Yeah, but don't forget, Jack--China doesn't have the fangs of a small, desert-nation vampire sunk into its neck, either...

SmittyinLA's picture

Why we don't have to fear China,

they're just too cheap to blow money on blowing stuff up, carriers are expensive, Aegis cruisers expensive, F35 super expensive, they walked into Africa and BTFD while we were hunting terrorists, saving the planet from global warming while creating a westerner free investment environment for the Chicoms https://m.youtube.com/watch?v=gLOvdgXSy_Q

So done done with the Clinton legacy.

Ace006's picture

Good one. We're chumps. We spend trillions and foreigners sit back and watch us piss our wealth away.

LA_Goldbug's picture

"watch us piss our wealth away"

"Someone" is doing it in "our name". Anglo-Zionists.

me or you's picture

American politicians don't give a damn about the American people...America has been a country run by traitors and dual-citizens let's hope things change with Mr Trump if not well..time to take our guns and take back our country. Period.

FIAT CON's picture

"American politicians don't give a damn about the American people"

American politicians don't give a damn about any people... 

fixed it for ya....

That was clear in the transcript when Hillary spoke to her banker friends.