{"id":114699,"date":"2026-09-02T00:14:26","date_gmt":"2026-09-01T22:14:26","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=114699"},"modified":"2026-09-01T08:54:04","modified_gmt":"2026-09-01T06:54:04","slug":"martin-armstrong-zruinuje-valka-zapad","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2026\/09\/02\/martin-armstrong-zruinuje-valka-zapad\/","title":{"rendered":"Martin Armstrong: Zruinuje v\u00e1lka Z\u00e1pad?"},"content":{"rendered":"
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V\u00e1lka a st\u00e1tn\u00ed dluh se sl\u00e9vaj\u00ed do fat\u00e1ln\u00ed spir\u00e1ly, kter\u00e1 ur\u010d\u00ed, kter\u00e9 n\u00e1rody p\u0159e\u017eij\u00ed nadch\u00e1zej\u00edc\u00ed m\u011bnovou krizi. Vl\u00e1dy vstoupily do konflikt\u016f na Ukrajin\u011b a v \u00cdr\u00e1nu, stejn\u011b jako do eskalace konfrontace mezi Spojen\u00fdmi st\u00e1ty a \u010c\u00ednou, ji\u017e zat\u00ed\u017een\u00e9 dluhy nahromad\u011bn\u00fdmi za desetilet\u00ed fisk\u00e1ln\u00ed neschopnosti. Nyn\u00ed zvy\u0161uj\u00ed vojensk\u00e9 v\u00fddaje, dotuj\u00ed dom\u00e1c\u00ed pr\u016fmysl, restrukturalizuj\u00ed dodavatelsk\u00e9 \u0159et\u011bzce a p\u016fj\u010duj\u00ed si je\u0161t\u011b v\u00edce pen\u011bz, aby se p\u0159ipravily na konflikty, kter\u00e9 pomohly vytvo\u0159it jejich vlastn\u00ed zahrani\u010dn\u00ed politika.<\/span><\/p>\n

Spojen\u00e9 st\u00e1ty, \u010c\u00edna, Francie, Spojen\u00e9 kr\u00e1lovstv\u00ed a Japonsko ji\u017e maj\u00ed hrub\u00fd st\u00e1tn\u00ed dluh p\u0159esahuj\u00edc\u00ed celkov\u00fd ro\u010dn\u00ed ekonomick\u00fd v\u00fdkon. Rusko vy\u010derpalo velkou \u010d\u00e1st sv\u00e9ho Fondu n\u00e1rodn\u00edho bohatstv\u00ed na financov\u00e1n\u00ed v\u00e1lky na Ukrajin\u011b, zat\u00edmco z\u00e1padn\u00ed vl\u00e1dy zmrazily rusk\u00fd st\u00e1tn\u00ed majetek v hodnot\u011b p\u0159ibli\u017en\u011b 300 miliard dolar\u016f. St\u00e1ty Persk\u00e9ho z\u00e1livu jsou kv\u016fli konfliktu s \u00cdr\u00e1nem nuceny zv\u00fd\u0161it sv\u00e9 v\u00fddaje na obranu a Evropa se zav\u00e1zala zv\u00fd\u0161it sv\u00e9 v\u00fddaje souvisej\u00edc\u00ed s NATO na 5 procent HDP do roku 2035. Trump chce zv\u00fd\u0161it ro\u010dn\u00ed v\u00fddaje USA na obranu o 500 miliard dolar\u016f na 1,5 bilionu dolar\u016f, p\u0159esto si Washington ji\u017e bere nov\u00e9 dluhy jen proto, aby splatil \u00faroky z dluhu, kter\u00fd nashrom\u00e1\u017edil je\u0161t\u011b p\u0159ed za\u010d\u00e1tkem t\u00e9to posledn\u00ed vlny v\u00e1lek.<\/span><\/p>\n

Tito lid\u00e9 mluv\u00ed o vojensk\u00fdch v\u00fddaj\u00edch, jako by pen\u00edze vznikly z ni\u010deho nic bez n\u00e1sledk\u016f. St\u00e1t nevlastn\u00ed \u017e\u00e1dn\u00e9 inherentn\u00ed bohatstv\u00ed. Ka\u017ed\u00e1 raketa, ka\u017ed\u00fd dron, ka\u017ed\u00fd bal\u00ed\u010dek zbran\u00ed, ka\u017ed\u00fd program zahrani\u010dn\u00ed pomoci a ka\u017ed\u00e1 vojensk\u00e1 operace mus\u00ed b\u00fdt financov\u00e1ny z dan\u00ed, p\u016fj\u010dek nebo inflace. Dan\u011b od\u010derp\u00e1vaj\u00ed kapit\u00e1l z produktivn\u00ed ekonomiky, vl\u00e1dn\u00ed p\u016fj\u010dky konkuruj\u00ed soukrom\u00e9mu kapit\u00e1lu a inflace ti\u0161e naru\u0161uje kupn\u00ed s\u00edlu v\u0161ech. Politici vol\u00ed dluh, proto\u017ee jim to umo\u017e\u0148uje skr\u00fdt n\u00e1klady a\u017e do doby po volb\u00e1ch a hr\u00e1t si na c\u00edsa\u0159e dnes, zat\u00edmco nech\u00e1vaj\u00ed \u00fa\u010det zaplatit budouc\u00ed generace.<\/span><\/p>\n

V\u00fdnos desetilet\u00fdch americk\u00fdch st\u00e1tn\u00edch dluhopis\u016f se za p\u011bt let t\u00e9m\u011b\u0159 ztrojn\u00e1sobil a dos\u00e1hl 4,3 procenta, co\u017e znamen\u00e1, \u017ee Washington mus\u00ed financovat v\u00fdrazn\u011b v\u011bt\u0161\u00ed dluh za mnohem vy\u0161\u0161\u00ed \u00farokov\u00e9 sazby. To je z\u00e1kladn\u00ed matematika, kterou politick\u00e1 t\u0159\u00edda odm\u00edt\u00e1 uznat. Vl\u00e1da m\u016f\u017ee b\u00fdt schopna p\u0159e\u017e\u00edt s dluhem 10 bilion\u016f dolar\u016f, kdy\u017e se \u00farokov\u00e9 sazby bl\u00ed\u017e\u00ed nule, ale stejn\u00e1 fisk\u00e1ln\u00ed struktura se st\u00e1v\u00e1 nemo\u017enou, kdy\u017e se dluh zn\u00e1sob\u00ed a n\u00e1klady na p\u016fj\u010dky se normalizuj\u00ed. Ka\u017ed\u00fd dal\u0161\u00ed dolar vynalo\u017een\u00fd na \u00faroky je dolar, kter\u00fd nen\u00ed k dispozici na \u00fadr\u017ebu infrastruktury, da\u0148ov\u00e9 \u0161krty ani podporu skute\u010dn\u00e9ho hospod\u00e1\u0159sk\u00e9ho r\u016fstu. Vl\u00e1da si pak p\u016fj\u010duje je\u0161t\u011b v\u00edce, aby splatila \u00faroky, \u010d\u00edm\u017e d\u00e1le zvy\u0161uje ten sam\u00fd dluh, kter\u00fd probl\u00e9m p\u016fvodn\u011b zp\u016fsobil.<\/span><\/p>\n

Pokus o odd\u011blen\u00ed n\u00e1rodn\u00edch ekonomik od geopolitick\u00fdch rival\u016f povede k dal\u0161\u00edm obrovsk\u00fdm n\u00e1klad\u016fm. Evropa se vzdala levn\u00e9 rusk\u00e9 energie a pak se divila, pro\u010d jej\u00ed pr\u016fmysl ji\u017e nen\u00ed konkurenceschopn\u00fd. Z\u00e1pad chce sn\u00ed\u017eit svou z\u00e1vislost na \u010d\u00ednsk\u00e9 v\u00fdrob\u011b a vz\u00e1cn\u00fdch zemin\u00e1ch, ale obnova t\u011bchto dodavatelsk\u00fdch \u0159et\u011bzc\u016f bude vy\u017eadovat dotace, cla, kontroly a roky n\u00e1kladn\u00fdch investic. Pozice \u00cdr\u00e1nu v okol\u00ed Hormuzsk\u00e9ho pr\u016flivu ukazuje, jak rychle m\u016f\u017ee region\u00e1ln\u00ed konflikt ohrozit trasu, kterou d\u0159\u00edve p\u0159epravovala zhruba p\u011btina sv\u011btov\u00fdch denn\u00edch dod\u00e1vek ropy. Jak\u00fdkoli pokus o nastolen\u00ed ekonomick\u00e9 bezpe\u010dnosti prost\u0159ednictv\u00edm politick\u00e9ho n\u00e1tlaku zv\u00fd\u0161\u00ed ceny, sn\u00ed\u017e\u00ed efektivitu a vy\u017e\u00e1d\u00e1 si je\u0161t\u011b v\u011bt\u0161\u00ed vl\u00e1dn\u00ed zadlu\u017een\u00ed.<\/span><\/p>\n

Po desetilet\u00edch deficit\u016f jsou Spojen\u00e9 st\u00e1ty z\u00e1visl\u00e9 na zahrani\u010dn\u00edm kapit\u00e1lu. Hodnota zahrani\u010dn\u00edch investic v Americe p\u0159evy\u0161uje americk\u00e9 investice v zahrani\u010d\u00ed zhruba o 27 bilion\u016f dolar\u016f. V\u00fdsada b\u00fdt rezervn\u00ed m\u011bnou umo\u017enila Washingtonu financovat vojensk\u00e9 operace, obchodn\u00ed deficity a vl\u00e1dn\u00ed v\u00fddaje v rozsahu, kter\u00fd by \u017e\u00e1dn\u00e1 jin\u00e1 zem\u011b nedok\u00e1zala udr\u017eet. Sankce, zneu\u017eit\u00ed platebn\u00edch syst\u00e9m\u016f a zabaven\u00ed vl\u00e1dn\u00edho majetku v\u0161ak vedly zahrani\u010dn\u00ed vl\u00e1dy ke sn\u00ed\u017een\u00ed jejich z\u00e1vislosti na dolaru. Spojen\u00e9 st\u00e1ty nemohou donekone\u010dna pou\u017e\u00edvat dolar jako politickou zbra\u0148 a z\u00e1rove\u0148 o\u010dek\u00e1vat, \u017ee zbytek sv\u011bta bude bezpochyby nad\u00e1le financovat jejich dluhy.<\/span><\/p>\n

Evropa se ocit\u00e1 v je\u0161t\u011b zoufalej\u0161\u00ed situaci, proto\u017ee se rozhodla pro znovuzbrojov\u00e1n\u00ed, zat\u00edmco jej\u00ed ekonomika stagnuje, populace st\u00e1rne a jej\u00ed soci\u00e1ln\u00ed st\u00e1t spot\u0159ebov\u00e1v\u00e1 produktivn\u00ed kapacitu soukrom\u00e9ho sektoru. Francie nem\u016f\u017ee reformovat sv\u016fj d\u016fchodov\u00fd syst\u00e9m, ani\u017e by vyvolala soci\u00e1ln\u00ed nepokoje. N\u011bmecko zni\u010dilo svou energetickou v\u00fdhodu, aby uklidnilo Brusel a klimatick\u00e9 alarmisty. Brit\u00e1nie se top\u00ed v dluz\u00edch a z\u00e1rove\u0148 p\u0159edst\u00edr\u00e1, \u017ee je st\u00e1le imperi\u00e1ln\u00ed vojenskou mocnost\u00ed. Tyto vl\u00e1dy ji\u017e nejsou schopny splatit sliby, kter\u00e9 daly sv\u00fdm ob\u010dan\u016fm, a p\u0159esto ochotn\u011b vkl\u00e1daj\u00ed dal\u0161\u00ed stovky miliard do geopolitick\u00e9 konfrontace, kter\u00e1 nem\u00e1 ani jasn\u00fd c\u00edl, ani jasn\u00e9 v\u00fdchodisko.<\/span><\/p>\n

V\u00e1le\u010dn\u00fd cyklus nyn\u00ed zhor\u0161\u00ed krizi st\u00e1tn\u00edho dluhu, proto\u017ee se nejedn\u00e1 o nez\u00e1visl\u00fd v\u00fdvoj. V\u00e1lka zvy\u0161uje v\u00fddaje a inflaci; inflace zvy\u0161uje n\u00e1klady na p\u016fj\u010dky; vy\u0161\u0161\u00ed \u00farokov\u00e9 sazby zhor\u0161uj\u00ed deficit; a zhor\u0161uj\u00edc\u00ed se ve\u0159ejn\u00e9 finance oslabuj\u00ed schopnost zem\u011b udr\u017eet v\u00e1lku. Politici reaguj\u00ed zvy\u0161ov\u00e1n\u00edm dan\u00ed, zav\u00e1d\u011bn\u00edm kontrol a po\u017eadov\u00e1n\u00edm dal\u0161\u00edch ob\u011bt\u00ed od obyvatelstva, zat\u00edmco odm\u00edtaj\u00ed p\u0159ehodnotit svou vlastn\u00ed politiku. S t\u00edm, jak se zhor\u0161uje jeho finan\u010dn\u00ed situace, se st\u00e1t st\u00e1v\u00e1 autorit\u00e1\u0159\u0161t\u011bj\u0161\u00edm, proto\u017ee n\u00e1tlak nahrazuje d\u016fv\u011bru, kterou ztratil.<\/span><\/p>\n

Nejsiln\u011bj\u0161\u00ed z toho nebudou nutn\u011b ty, kter\u00e9 dnes disponuj\u00ed nejv\u011bt\u0161\u00edmi arm\u00e1dami. Moc se p\u0159esune k vl\u00e1d\u00e1m, kter\u00e9 jsou schopny se samy financovat, ani\u017e by zni\u010dily sv\u00e9 m\u011bny nebo rozdrtily sv\u00e9 dom\u00e1c\u00ed ekonomiky. Z\u00e1pad vstupuje do tohoto boje s rekordn\u00edm dluhem, st\u00e1rnouc\u00ed populac\u00ed, rozpadaj\u00edc\u00ed se politickou d\u016fv\u011brou a s v\u016fdci, kte\u0159\u00ed v\u011b\u0159\u00ed, \u017ee ka\u017edou krizi lze vy\u0159e\u0161it dal\u0161\u00ed aukc\u00ed dluhopis\u016f. P\u0159ipravuj\u00ed se na nekone\u010dnou v\u00e1lku s pen\u011bzi, kter\u00e9 nevlastn\u00ed, a dluh pot\u0159ebn\u00fd k udr\u017een\u00ed jejich moci se nakonec stane silou, kter\u00e1 je zni\u010d\u00ed.<\/span><\/p>\n<\/div>\n<\/div>\n

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Zdroj<\/span><\/a><\/span><\/h3>\n

 <\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

V\u00e1lka a st\u00e1tn\u00ed dluh se sl\u00e9vaj\u00ed do fat\u00e1ln\u00ed spir\u00e1ly, kter\u00e1 ur\u010d\u00ed, kter\u00e9 n\u00e1rody p\u0159e\u017eij\u00ed nadch\u00e1zej\u00edc\u00ed…<\/p>\n","protected":false},"author":2,"featured_media":114700,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[2145,371,40,365],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/114699"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=114699"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/114699\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/114700"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=114699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=114699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=114699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}