Monday, February 11, 2013

ONLY PROTECTION CAN SAVE THE WEST...

IN A WORLD WHICH IS RACING TO THE BOTTOM...   

...CAN ANYTHING SAVE THE WEST...?

CURIOUSLY...ONLY PROTECTION OF THE DOMESTIC ECONOMY CAN PROTECT THE WEST NOW...

JUST MINOR TARIFFS WOULD DO WONDERS TOWARD BRINGING VALUE ADDED LABOR BACK TO THE US ECONOMY....

IT IS AMAZING HOW SOMETHING AS KEY AND AS IMPORTANT AS BALANCE OF PAYMENTS IS IGNORED IN THE WESTERN MEDIA...

THE RACE TO THE BOTTOM IS ON STEROIDS...

THE REAL VALUE OF GLOBAL LABOR IS LESS THAN ZERO...  AS ASIA ADOPTS LOW LIFE EXPECTANCIES.... WITH SMALL SUBSIDIES TO THEIR WORKERS...

THIS IS LIKE 1914 AND 1939...THE WORLD WANTS TO BLOW...

IT JUST LACKS THE NERVE...AT LEAST FOR NOW...

WHEN SICK BECOMES NORMAL...BAD THINGS HAPPEN... 

IF WAR IS THE ULTIMATE TARIFF...WHY NOT HAVE TARIFFS WITHOUT THE WARS...?

AFTER ALL WWII ENDED THE GREAT DEPRESSION...!  NOT THE NEW DEAL...

TARIFFS...REAL OR VIRTUAL (IE WAR)...HELP SICK DOMESTIC ECONOMIES HEAL...THAT IS THE REAL LESSON OF THE 30'S AND 40'S OF THE LAST CENTURY...