Government Debt = Terrorism?

The US government’s post-9/11 “war on terror” breathed new life into its long, failed “war on drugs.”  An American public showing signs of increasing disenchantment with the latter was told that drug money fueled and financed terrorism, and that the “war on drugs” was part and parcel of the war on al Qaeda.

Now this, via Reuters:

Italian police said on Friday they had seized about $6 trillion worth of fake U.S. Treasury bonds and other securities in Switzerland, and arrested eight Italians accused of international fraud and other financial crimes. … Potenza’s prosecutor Giovanni Colangelo said an international network “in many countries” was behind the forgeries. Italian daily Corriere della Sera said on its website that the criminal network was believed to be interested in acquiring plutonium, citing sources at the prosecutors’ office.

I can only think of a limited number of reasons why someone would want plutonium, and all of them except for use in atomic/nuclear weapons would more likely run through legal/”official” channels of securities fraud, theft, etc.

Or, to put it a different way, if the US government didn’t visibly run some serious debt, al Qaeda and so forth couldn’t try to finance its nuclear terror aspirations by faking instruments of that debt.

If heroin cultivation in Afghanistan is a “war on terror” concern, so is an unbalanced US government budget and $15 trillion + in US government debt. But I’d advise against holding your breath while you wait to see if Congress declares “war” on those things.

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