Alan and Ben and Janet and Jay
I’m sick and tired of paying these dues
And I’m finally getting hip to the American ruse
– MC5, “The American Ruse” (1970)
That’s quite a rogue’s gallery, there: Alan and Ben and Janet and Jay…
Really rolls off the tongue, like the start of a nursery rhyme or an advertising jingle. Or maybe it’s the new title of yet another 21st century re-boot of an old-school classic. (“Alan & Ben & Janet & Jay”…oh my…)
Sure, we’re children to be hooked. There’s “product” to be slung. And there’s a lot of still-stretching tension nobody seems to want to talk about.
Like that $11 trillion economic enema depicted below, between the “blue” and the “orange” lines.
That’s not the work of fools, knaves, and/or traitors fronting for or even deep inside working “against” the U.S. government.
It’s not the work of the U.S. Trade Representative. Nor is it the product of Commerce Department and/or State Department trade apparatchik black magic. We can’t even pin it on globalist minions at the World Trade Organization, the International Monetary Fund, or the World Bank.
And it’s certainly not down to NAFTA.
That trade deficit is due not to bad deals. It’s about bad money.
America is losing its shirt because our monetary central planners have it all upside down.
They seek to inflate domestic prices, wages, and costs at 2% per year. That’s in a world teeming with cheap labor.Read More