America's massive trade deficit: Why BIG tariffs won't hurt the United States

[abumbyanyothername]

56. The point is this:

1) The US is now a dumping ground for world excess productive capacity. (Think about that! The world is capable of producing way more than it can consume. And people call that a problem. Or in economic speak, a recession.)

2) Population control in many places in the world is structure around the work/wage/eat triangle. This is no accident. Populations were intentionally herded off subsistence farms and into cities. Populations were convinced that this represented progress.

3) The populations must be kept employed or they will revolt.

4) The elites, whether corporate or oligarchs, are skimming as much as they can off the top.

5) Meaning the population cannot consume 100% of the output. But the elite cannot make up the gap with conspicuous consumption because . . . well ask Mittens, it's hard to spend a nine-figure fortune. Let alone 10 or 11.

6) The world depends on US consumption much more than its military for political stability.

7) The US world debt is simply the price they must pay to keep their populations employed. I doubt that the Chinese, for example, expect to be repaid on their holdings of US debt. I am almost certain that the Japanese know that they will not.

8) The Bush tax cuts were designed to reignite US debt and keep the world political order stable. The Clinton surpluses scared the wits out of almost everyone in the elite class everywhere in the world.

9) If you need us that badly, you simply should have to pay to play.

10) High tariffs and a collapse of world trade can hardly be a bad thing for a nation running massive trade deficits.

Fair disclosure: All that from a guy sitting in CA wearing a hand made suit ordered over the internet from a tailor in India who delivered a fabulous fitting product I might add.