by Karl Denninger
Market-Ticker.org
Stop the stupid folks.
Politics is a non-shooting method of war or, if you prefer, war is politics by violent means.
You’ve probably heard that before and it’s absolutely true.
But in all forms of warfare the person who pot commits — that is, who goes “All In” — usually wins if the other party refuses to do it themselves.
Take WWII. Japan bombed Pearl Harbor. But they were unable to pot commit. They had no means to land troops in size in the United States and nobody wins a war without being able to take territory and hold it. All they could do is blow **** up in Hawaii and other Pacific Islands and count on the terror factor — intimidation — of a bunch of smoking holes in the water full of American bodies and metal.