Between 1997 and 2004, and that doesn't even count the last 2 years, we gave over $7 billion in weapons grants. It wasn't a loan. It was a weapons grant.There's the reason things are so messed up in the middle east.
Now, the neat thing about this, this was an economic deal because it was beneficial because under the foreign military financing program that we have, Israel is required to spend 74 percent of that back here. So you are talking about a military-industrial complex, a pretty good deal. You know, we subsidize them, send the money over here, it comes over here, and our arms manufacturers make even more money and then dig a bigger hole for us in foreign policy and contribute to the many problems that we have. And that amount of money, they get $2.3 billion of these military grants, and they automatically increase it $60 million per year. So it is locked in place.
Now, you say, well, that is money for our ally. And fine, if it was used for defense, maybe. But if it is used to antagonize 1 billion Muslims and there is no willingness to even consider the fact that we should look at it in a balanced way, and instead it is ridiculed and said, oh, this is ridiculous to think of neutrality or balance and think about both sides, and the innocent people dying on both sides should be considered.
So we are moving toward a major crisis, a major crisis financially and a major crisis in our foreign policy. I don't believe we can maintain this.
So even if you totally disagree with our aggressive empire building and policing the world, let me tell you, I am going to win the argument, because we are running out of money. We are in big debt, and we are borrowing it. We borrowed $3 billion a day from countries like China and Japan and Saudi Arabia to finance this horrendous debt. And it won't be, it can't be continued. The dollar will eventually weaken. You are going to have horrendous inflation. Interest rates are going to go up, and it is going to be worse than the stagflation of the 1970s.
I am glad I turned off the TV 12 years ago. I can only imagine the pro-Israel screeds broadcast over every station disguised as news. Invest in gold. You're going to need it.