Debt Rattle February 8 2017
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Dorothea Lange Rear window tenement dwelling, 133 Avenue D, NYC 1936 • This Is How Out-Of-Whack US Trade Relationships Really Are (WS) • John Kelly, H
[See the full post at: Debt Rattle February 8 2017]My suspicion is that they realize the U.S. is going to come unglued almost immediately. Treasuries, US$, bank reset, doesn’t matter what. In fact, it’s a miracle often commented on that such damage was tolerated and papered over up to now; virtually no critics expected to succeed at a 17-year delaying action. If any of that reset occurs though, the U.S. will immediately have a $500B-ish deficit that the world will no longer feel like filling just to get pretty faces printed on funny paper. At that point, the oil-import problem will be paramount, and even if collapsing demand were to level oil usage, any oil exports would be wildly appreciated for desperately needed world cash. End result: they may feel time has more than run out, and while it may be bad PR for water for thousands may be at risk by putting the pipeline in, hundreds of thousands may die throughout the U.S. if they don’t get that pipe turned on by March. That’s what happens when you destroy your nation for 40 years: you end up with a choice of decisions that are all bad, every one of which someone will rightfully protest. You tell me what to do in such a case.
Same with manufacturing, as the U.S. now makes essentially nothing. If the trade is about to be shut off, you have something like 6-12 months to re-industrialize and come to manufacturing independence or hundreds of thousands will die of privation as their clothes, medicine, and furnace parts stop coming. This is why there is an almost irrational hurry to drive businesses back into the U.S. Like the cars we don’t need, or the otherwise bizarre pharmaceutical industry notice last week. Irrational except they are privy to information we don’t have or we as outsiders don’t treat as functional, production, engineering problem that has time, resource, and system limits. When you look at it that way–that the system has reached beyond the extreme and needs to be pulled back, to exhale for a change–then you might feel Trump is moving too slowly and being too gently, not the opposite. Depends on what you assume to be true. But in a reality-optional world, I just believe in puppies and unicorns and the goodness of all men to keep providing us infinite goods for nothing.
Party on, Wayne!
@ Dr.Diablo
Your essay of the conditions in the USA is better than what is the reality that the USA and others have created for many other people all over the world.Party on, Wayne!
Eliminate (unenforced) Dodds-Frank, float Eliot Abrams for ASOS; we’ve been snookered (again). The good news is that our fallow social field is likely to be plowed sooner rather than later.
I think that’s why when the U.S. said “America First”, the rest of the world said, “Oh thank God! Does that mean you’ll stop stomping around ‘helping’ now? How fast can you start thinking of only yourselves and leave us alone?”
But that did not seem to be the response. Strange, as it seemed pretty logical. And by the way, what Americans voted for 6 times. Clinton to get rid of HW Bush, W to get rid of Clinton*, Obama to get rid of W, and Trump to get rid of Obama. But as often said, no matter who we vote for, what they say, or what party they’re from, the result is the same: more illegal foriegn wars. Americans don’t like the world and we don’t really understand it, so we only ask our leaders to stay home, ignore the world, and fix a house that’s been collapsing faster than Detroit. Apparently that’s just too hard to understand. Maybe that’s why they now picked a President who uses very. small. words. Perhaps he can beat them with his tiny words until they get the message. IYI and shades of Taleb. But from the look of the intense, directed, shrieking attempt to force Trump into war with Russia, they aren’t getting it yet. Look for more beatings until morale improves.
*Not kidding about W. Hard as it is to believe now, his election platform was a smaller government getting out of people’s lives, balanced budget, and no foreign intervention. Likewise, seems forgotten Clinton was at war in Iraq, Serbia, Afghanistan, and Africa among other places. Obama’s 26,000 bombs/year speaks for itself and apparently there may be thousands more airstrikes they forgot to count. After 26,000 bombs/year for 16 years why would those 7 nations mad be at us? It can’t be. Everyone loves us.
“Odd that this reaches the press.
• Putin Orders Russian Air Force To Prepare For ‘Time Of War’ (Ind.)”
It seems all foreign military attachés were briefed about it – although the Russians are not obliged to do so. I guess they don’t want to trigger anything untoward.
“This is a surprise exercise and thus not subject to control under the Vienna document or the OSCE documents. No formal notification was required, but we do inform you as a gesture of goodwill,” he said.
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