How the Economy was Lost (Ex-Reagan treasury official confirms gold suppression scheme)

www.gata.org ^ | 02.25.09 | Paul Craig Roberts

[Pelham]

Evidently you suffer from reading incomprehension.

What PCR has been writing about is international labor arbitrage being passed off as free trade. It only appears nuts if you can’t read.

[Dick Bachert]

It is NOT an easy read: Economics is called the dismal science for good reason. That’s especially true of the cockamamie, voodoo economics birthed by the gang now infesting Washington, Wall Street and the corporate suites of this country.

It is NOT a FUN read: Reading what could be America’s obituary could only be amusing to the criminally deranged.
Roberts hits all the notes in this piece — INCLUDING a common-sense, no cost solution to the current mess.

Let me hasten to say that I have been skeptical of the FREE TRADE crowd for some time. I AM AN UNABASHED AMERICA FIRSTER. I favor a nationalistic based FAIR TRADE of the sort the mega-corporations threw under the bus decades ago. That attitude was typified years ago in a comment made by Walter Wriston, former head of CITICORP (GEE, THERE’S A NAME IN THE NEWS!) when he was chided for loaning to — thereby PROPPING UP — some of the most brutal and murderous communist (and non-communist) regimes on the planet:

“The form of government in these nations is of no concern to us. All that matters is CAN THEY PAY THEIR BILLS?”

That Walter was a real humanitarian, wasn’t he?

To far too many of these corporate heads and globalist politicians, the place called America is simply the name of a particular land mass on planet earth. The IDEA of America is about as important to them as was Wriston’s concern that his “loans” (most of which were — unbeknownst to them — underwritten by American taxpayers) were enabling tyrants to butcher countless millions of their citizens.

That America will someday disappear into some one-world miasma doesn’t bother them in the least.

I HOPE it bothers you. I pray that it bothers most those of you with children and grandchildren. When once asked if his interventionist and inflationary policies wouldn’t, in the end, destroy the nation, John Maynard Keynes responded that “In the end, we’ll all be dead.”

I hope this piece bothers you to the point of sharing it with others and prompts you to speak out in opposition to the continuation of America’s further decline and, eventually, our demise.

Please remember that, so far at least, YOU ARE NOT POWERLESS TO AFFECT THE OUTCOME OF THIS STRUGGLE.

Start raising hell with your elected representatives — at all levels — until they begin to get their minds right on this issue.