Loading ...I sent the paper my opinion:
While reading the editorial, I kept finding statements that were incorrect and made no sense.
The first thing I would like to mention is, we should thankful for Trump. We should not be picking on Donald Trump, because the living standards have been falling since 1975. Its not Trump’s job to get involved in being a president.
If all the presidents and Congresses going back to and including president Nixon and Johnson, (JFK was a patriot outsider like Trump) if they did their jobs right, protecting the USA there would never be a Donald Trump. He is a result. As food for thought, I’ll copy paste parts of article and add comments. On second thought, I’ll just wrap this up.
Briefly:
USA won independence in 1776. After the Federal Reserve Act of 1913, the USA gradually lost its independence. The act was created so USA could finance foreign wars. Special interests foreign influence Note soon after 1917 WWI.
Excessive money creation, or printing for WW I caused inflationary roaring 20s, led to the 1929 crash that led to the great depression and deflation to 1934. In 1934, Gold ownership was banned, and taken in by Banks at $20/oz.
Soon after the banks raised it to $34/oz a 70% devaluation to get prices up, and use the money for WW II starting in 1941. WW II did NOT get us out of the depression in the 1940s. It was the Gold confiscation of 1934 that ENABLED the war in the first place.
After the war in ’45 the banks adjusted currency values to encourage importing our needs so as to rebuild all of Europe and Japan etc. At USA expense.
Then came Korea, Vietnam, etc etc. By 1970 the money printing or inflation, for WW II, Korea, Vietnam, Moon landing and imports trade deficit caused USA to lose half its gold reserves, and the local administration Nixon, was force to stop allowing foreigners to take our Gold at $35/oz, when it was trading privately at $140/oz.
The so called 1970s inflation was wrong. In the 1970s the fed was REMOVING money supply with high interest rates up to 21% by ’81.
So, after 1970, instead of exporting away gold at $35, the system proceeded to take away our industries. Globalization was really global socialism. Take from wealthy USA and give our consumer dollars away to other nations instead of Gold.
The only really good years for the USA was 1945 to 1975. That’s all we got, only 30 good years, but we deserved it. From 1975 to 2008 that entire period had a net CORROSIVE effect on the entire USA living standards.
I predicted during the so called great recession in 2009 that the USA would now start healing getting better, and that trend already started before Trump.