Twenty Years After 9/11: US & NATO Allies Less Safe and Closer to Economic Abyss, Analyst Says | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Twenty Years After 9/11: US & NATO Allies Less Safe and Closer to Economic Abyss, Analyst Says

The 20-year “War on Terror” has not made the US and its NATO allies better off or safer, according to Wall Street analyst Charles Ortel. Irresponsible monetary policies and costly wars may lead the US and the world to a repetition of the 2008 global financial crisis, he says, warning against new open-ended military adventures.

The Costs of War Project at Brown University calculated that the total cost of the US' global “War on Terror” stands at about $8 trillion in current dollars, and human losses amount to nearly a million people. The report was released on 1 September, ahead of the 20th anniversary of the 9/11 terrorist attacks in New York City, Washington, D.C., and Pennsylvania.

"The war has been long and complex and horrific and unsuccessful," said Catherine Lutz, co-director of Costs of War during a 1 September virtual event. "The Pentagon and the US military have now absorbed the great majority of the federal discretionary budget, and most people don’t know that."

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