Dollar,Banknotes,Going,Up,In,Smoke

America is Going for Broke—Literally

EDITOR'S NOTES

In “Going for Broke” (Mises Wire), George Ford Smith delivers a sobering reminder: the Artemis space program may carry the gloss of scientific ambition, but underneath it lies the same bloated government spending, central planning, and fiat-fueled debt spiral that has brought the U.S. economy to the brink. While NASA claims it’s reaching for the stars, Smith rightly points out that America is going broke on the launchpad. What follows is Bill Brocius’s expanded analysis—a deeper, more urgent look at how Artemis isn’t a beacon of progress, but a fiscal smoke bomb masking systemic decay.

A Distraction Paid for with Dollars We Don’t Have

It’s 2026. America is more than $40 trillion in debt. Cities are buckling under crime and collapsing infrastructure. Middle-class savings are vanishing beneath the weight of inflation. Banks are consolidating—or failing outright. And amid this chaos, Washington is patting itself on the back for a $93 billion moonshot called Artemis.

Yes, NASA is sending a crew of astronauts back to the moon—this time with the PR sheen of gender diversity and international cooperation. They call it "progress." But let’s be blunt: Artemis is a last-ditch political spectacle—a gold-plated distraction financed by printed money and future taxation.

In the 1960s, the U.S. could at least claim to be solvent. Today’s Artemis program is funded entirely through deficit spending, debt issuance, and fiat currency dilution. The Federal Reserve creates the illusion of affordability by monetizing that debt—but it comes at a steep price: your purchasing power, your savings, and your financial independence.

The Ice They Want Isn’t Just Lunar

NASA insists that Artemis isn’t just about planting flags—it’s about “permanent lunar presence” and the hunt for ice. Why ice? Because it could be turned into drinking water, breathable oxygen, and rocket fuel—critical resources if humanity ever hopes to build a sustainable presence off Earth.

But let’s be honest—this isn’t a mission about survival or scientific revolution. It’s about headlines, defense contracts, and staying one step ahead of China in a revived Cold War-style space race. While Artemis drones search for frozen hydrogen in lunar craters, back home, the American taxpayer is being milked dry to pay for a fantasy of interstellar glory.

Meanwhile, China presses forward with its own crewed lunar timeline, and Washington’s solution is to throw more money at contractors like SpaceX and Boeing—even though those same programs are already delayed and over budget.

What They Don’t Want You to Ask

The biggest question isn’t “Will Artemis succeed?” It’s: What’s the cost—and who pays it?

While D.C. sends rockets to the moon, here’s what’s happening on Earth:

  • Inflation is quietly robbing you every time you shop or save.
  • The national debt has become unpayable.
  • The Fed is trapped: raise rates and implode the debt; lower them and destroy the dollar.
  • Banks are fragile, especially regionals, many of which still have exposure to dying commercial real estate.
  • Pension funds are underfunded and gambling on risky assets to stay solvent.

And yet, somehow, we’re supposed to celebrate a $93 billion “campaign” to explore the moon as if it’s the second coming of Apollo.

This is what empires do when they’re in decline: they double down on symbolism, spectacle, and spending. Rome had its circuses. Washington has Artemis.

The Myth of ROI from Government Spending

NASA defenders love to tout the so-called “spinoff benefits” of Apollo and Artemis—advanced computing, communications tech, Teflon frying pans, you name it. They claim the return on investment is 15 to 1.

But here’s the problem: there is no ROI in government spending.

There are no shareholders. There is no market discipline. There is only forced extraction from taxpayers, laundered through layers of bureaucracy and delivered to politically connected contractors.

Yes, technologies emerged. But those technologies were already in development by the private sector—and would have progressed faster, cheaper, and more efficiently without the government middleman.

Every dollar taxed or inflated away from the private economy is a dollar that could have funded real innovation. Artemis is not an investment. It’s a subsidized PR campaign, dressed in space suits and wrapped in the flag.

History Repeats—for Those Who Don’t Learn

If you want a real example of progress, look no further than James J. Hill, the 19th-century entrepreneur who built the Great Northern Railway without a dime of government subsidy. While subsidized railroads collapsed under fraud and mismanagement, Hill’s line remained profitable, efficient, and permanent.

He built value because he had to answer to markets, not bureaucrats.

Compare that to Artemis—where success is measured not in results, but in votes, headlines, and budgets approved.

It’s not just a question of bad economics—it’s a moral one. How many real needs are being neglected so this moon mission can proceed? How many small businesses, retirement accounts, and households are being drained to fund this grand illusion?

What Can You Do?

Step one is seeing through the narrative.

Artemis isn’t the sign of a rising civilization—it’s a symptom of a decaying one. A system that can no longer solve problems at home resorts to spectacle abroad.

If your savings are still parked in traditional banks, you’re sitting on a powder keg. The banking system remains fragile, overleveraged, and vulnerable to systemic shocks. And if you think the government will bail you out again, think twice—they’re out of dry powder.

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Final Thought

Artemis isn’t the future. It’s the funeral march of an empire that refuses to face the truth.

Washington is launching rockets into space while the foundations of its financial system collapse beneath it. Don’t be distracted by billion-dollar liftoffs and moonbase fantasies.

Protect what’s yours—before they reach for it.

Bill Brocius
DedollarizeNews.com
Truth. Strategy. Survival.