Tanks

[Pyronick 21]

That is a Keynesian fallacy built on creating a false aggregate demand that is sponsored by the government and helps them rationalize why they are entitled to your money (i.e. build bridges, roads, infrastructure and spend money on education and its bloated, inefficient bureaucratic system).

It Is Not the Aggregate Demand, Stupid!

http://mises.org/daily/4284

There's more than just that. There is also the system of recursive interest increase where loaners are actually creating exponentially growing debt. This eventually leads to falling banks creating an economic recession, which governments "stimulate" by selling obligations for a cash injection. In other words, creating more debt and inflation.

Don't forget that the American economy is different to the rest of the world. Although countries which have their currencies pegged to the dollar often use obligations to "revive" economies.

The only way that statement of yours would be true is if you are producing and selling this military hardware/technology to foreign countries.

We are. With we I am referring to the Netherlands.

One of the biggest military contractors, EADS, has it's head office in the Netherlands. They sell defence systems like the Eurofighters, Dassault, Eurocopters, Patria's, Airbus Military, etc.

And countries like Belgium, France, Spain, Italy and Germany are huge military contractors selling defence systems to upcoming economies like Brazil, Mexico, Saudi-Arabia, Turkey, India, China, South-Africa, etc.

After respectively Russia and America, the European Union is the third biggest weapon exporter. Together, the NATO members sell more weapons (both new and surplus) than all other countries combined. And as far as I can tell, it seems to be working just fine economically.