Oliver Boyd: From Our Taxes, Windfall Profits for “Defense” Industry. What Ukraine is mainly about

By Prof. Oliver Boyd-Barrett, Substack, 8/14/22

Yes, it would be simpler and less messy all around if we just transferred the money directly from our bank accounts to Raytheon, Lockheed and the rest of them.

Should Ukraine simply sign over sovereignty to Russia? Well, Ukraine already signed over sovereignty, but to the USA, in 2014. The current war serves Washington interests, not Ukrainian.

Oliver Boyd: From Our Taxes, Windfall Profits for “Defense” Industry. What Ukraine is mainly about

Previously:

Russian Ops in Ukraine – Russian Advances, Ukraine Shelling Nuclear Power Plant

Russian Ops in Ukraine – Russian Advances, Ukraine Shelling Nuclear Power Plant

Aug 13, 2022 Update on Russian military operations in Ukraine for August 14, 2022:

– Russian forces continue to make incremental progress along the Siversk-Bakhmut defense line even according to pro-Ukrainian sources;

– There is no sign of any Ukrainian offensive around Kherson, even according to the Western media;

– Another US-supplied HIMARS has been destroyed according to the Russian MoD, that is now 8 out of 16 sent to Ukraine destroyed;

– The Pentagon is now struggling to explain why it is unable to supply Ukraine with sufficient weapons needed to execute the ever-pending “Kherson Offensive” yet to materialize;

– Claims made by the Pentagon regarding the effectiveness of various weapon systems sent have been contradicted by recently discovered documents from the US military itself;

– The US Army claims the effectiveness of common US anti-tank weapons like the Javelin and the AT-4 is around 19% among trained US soldiers. This would be much lower among Ukrainian troops;

– The Western media has decided to assign credit to Ukraine for a recent explosion in Crimea despite Kiev denying any involvement;

– Ukraine is shelling Zaporozhzhia Nuclear Power Plant in an attempt to force Russian troops to leave through international pressure;

Russian Ops in Ukraine (August 14, 2022) – Russian Advances, Ukraine Shelling Nuclear Power Plant (Odysee) via The New Atlas

References:

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Biden Authorizes Additional $550 Million Military Aid for Ukraine + Are There Enough Guided Rockets For HIMARS To Keep Up With Ukraine War Demand?

Biden Authorizes Additional $550 Million Military Aid for Ukraine

The new aid was authorized by the presidential drawdown authority, which allows Biden to send Ukraine weapons and ammunition directly from US military stockpiles. The funds were pulled from the $40 billion Ukraine aid bill that Biden signed back in May, which is meant to last through September 30.

Related:

Are There Enough Guided Rockets For HIMARS To Keep Up With Ukraine War Demand?

So in essence, at a pace suggested by Hertling, Ukraine’s GMLRS monthly burn rate would equal about 29% of the entire planned U.S. procurement for the next five years, not withstanding production rates of the ER GMLRS which have yet to be set.

Given those numbers, what does Ukraine’s use of HIMARS portend for that nation, and the U.S., which might find itself needing these systems in case of a future fight with China, Russia or some other adversary?

“If each of 16 HIMARS fires three rockets per day, that’s 48 a day or 1,440 per month. 10,000 rockets would last well into 2023 at that rate. On the other hand, if the Ukrainians get the 100 HIMARS they are requesting and each one fires three rockets per day, that’s 300 per day or 9,000 per month.”

Senate Passes $280 Billion Industrial Policy Bill Meant to Counter China

Senate Passes $280 Billion Industrial Policy Bill Meant to Counter China

The CHIPS and Science Act of 2022 passed in a vote of 63-33, with 17 Republicans voting in favor. The over 1,000-page legislation includes $52.7 billion for direct funding for the construction and expansion of semiconductor manufacturing and $24 billion for tax incentives and other purposes.

The bill will authorize roughly $200 billion in science and technology research funding that will be spread across several government agencies over the next five years. The largest recipient of the research funds will be the National Science Foundation, which will receive $81 billion.

Related:

CHIPS Won’t Help China

Third, the CHIPS Act actually has provisions designed specifically to restrict investments in China. These so-called “guardrails” require that companies taking federal dollars for American projects must also agree not to invest in state-of-the-art technology in China—not just with the federal dollars, with any dollars. Good-faith critics have raised fair concerns that these guardrails should be broader, tougher, and firmer. But any guardrails at all represent unprecedented restrictions on what U.S. companies can do in the People’s Republic. It’s one thing to say an ideal bill would hurt China even more; it’s quite another to try and claim that less-than-perfect restrictions count as “help.”

Pelosi’s Husband Dumped Up to $5M of Tech Stock Right Before Senate Passed CHIPS

Meet the Ex-CIA Agents Deciding Facebook’s Content Policy + Social Media Is a Tool of the CIA

It is an uncomfortable job for anyone trying to draw the line between “harmful content and protecting freedom of speech. It’s a balance”, Aaron says. In this official Facebook video, Aaron identifies himself as the manager of “the team that writes the rules for Facebook”, determining “what is acceptable and what is not.” Thus, he and his team effectively decide what content the platform’s 2.9 billion active users see and what they don’t see.

Meet the Ex-CIA Agents Deciding Facebook’s Content Policy

Related:

[2011] Social Media Is a Tool of the CIA. Seriously.

Google is already helping the government write, and rewrite, history. Here, from its transparency report, are some stats on the amount of information it has either given to the government or wiped from the web based on requests by U.S. agencies:

US Government requests to remove content from Google Transparency Report

Hotter than the Sun: Finally, a Book Worth Reading

Review by Joseph Solis-Mullen | Mises Institute | July 15, 2022

The top seller on Amazon for books devoted to war and peace as of this writing, Scott Horton’s newest offering, Hotter than the Sun: Time to Abolish Nuclear Weapons, is a timely must read. As Washington barrels heedlessly along into Cold War II, the American public badly needs educating on the current risks, past close calls, and the utter insanity of an entire for-profit industry built on the flawed concept of thousands of thermonuclear bombs as “weapons” that keep us safe.

Hotter than the Sun: Finally, a Book Worth Reading