Monday, November 20, 2023

 the video rebel returns with thoughts and information you may find interesting or even helpful;


Dr Michael Hudson was interviewed on the Duran channel. He is a famous economist and we need to listen to him. My favorite one of his books is Super Imperialism. The US ended WW II with the only intact manufacturing capacity of any major nation and most of the world’s gold. By 1960 we were a debtor nation. He sees No Exit on a Good Path for America from its current position. I see an Exit but not on a Good Path.

How did we decline so far so fast?

I would say by design.

Dr Hudson in the interview specifically mentioned the Korean War as the beginning of America’s trade deficit. He is not allowed to mention that the decision to give north Korea to Joe Stalin made the war and our rapid economic decline  possible. That and the addition of 19 million people since 1940.

I have mentioned before Nobel Prize winning economist Wasily Leontief whose empirical study of the US economy proved that American wages were a third higher than Europe’s because we added value with skilled labor to abundant natural resources. Of course when our population went past 150 million in 1950 we were supposed to cut wages so we could buy natural resources from foreigners. Instead we printed I Owe You Nothing Federal Reserve Notes so foreigners who accepted our worthless paper were paying us to occupy their nation and let us to essentially acquire their exports for free.

Ron Paul noted that when Nixon closed the gold window on August 15, 1971, we went onto the US military standard. If you do not sell us your valuable products for our worthless paper and buy our soon to be zero value Treasury bonds, we will bomb your country and kill your people.........more.......

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