In 1945 the United States emerged from a world war with the only intact industrial economy in the world. The British, European, Soviet, and Japanese economies were in ruins. China and the rest of Asia, Africa, and South America had undeveloped economies, later renamed third world economies. Additionally, the US held most of the world’s gold reserves. President Franklin D. Roosevelt …
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The main problem with the US economy is that globalism has been deconstructing it, offshoring jobs and wealth to a foreign nation – will China rule us? The offshoring of US jobs has reduced US manufacturing and industrial capability and associated innovation, research, development, supply chains, consumer purchasing power, and tax base of state and local governments. Corporations have …
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The wealth gap is at the highest since the late 1930s and the founder of Bridgewater Associates, the largest hedge fund, Ray Dalio calls for reforming capitalism, arguing that if the US does not redistribute wealth and opportunity, the country’s existence as a stable global power is threatened, writes Business Insider. He said the US needs leadership that will declare inequality …
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Herland Report: U.S. Economic Suicide: Two Examinations of US Economic Policy by Michael Hudson and Dr. Paul Craig Roberts: Today I am pleased to present a double feature on economic policy. Michael Hudson leads off with an explanation of economic policy as a social cost to the working class, and I follow up with an explanation that US economic …
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Herland Report: When all Bitcoin issued equals the amount the Exchange Stabilization Fund allocates to itself for illicit operations, that gets attention. And since Bitcoin mania is extant, that $350Bn in bitcoin has grabbed everyone else’s attention too. So when the ESF is aware that a slush fund exists almost equal to its own, why won’t the Treasury shut …
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Herland Report: Massive US Economic boost under Trump: The mainstream media are remarkably quiet about it, refusing to address president Donald Trump’s record breaking economy, ahead of the State of the Union Address. All we have heard about from CNN the past years, has either been “Russia Gate” or more recently “Impeachment”. Apparently it does not matter to the …
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