This morning I submitted the following “letter to the editor” to USAToday:
In an extraordinary display yesterday, with the nation on the brink of financial collapse, we witnessed our President, our top economic leaders and the leader of one of our biggest corporations appealing for market calm, assuring us that our investments are safe and rolling out the latest turn-around in the automotive sector’s death spiral. Simultaneously, economists pondered how the American Debt Machine might be restarted. Yet, not a single one of them so much as uttered a peep about the root cause of this mess – our $750 billion per year trade deficit which has drained $9 trillion of the life blood from our economy over the last three decades – real money, not the “funny money” printed by the Federal Reserve to replace it. Americans should be appalled at this lack of leadership or, giving free rein to my more cynical side, this organized conspiracy to hide the truth about what their trade policies have done to destroy our country.
Author, Five Short Blasts
I must admit that there are time when I suspect that globalization is a vast conspiracy by global governmental and corporate leaders to shake down the American people and redistribute their wealth to the rest of the world – perhaps a grand plan to sustain the relative peace as the world grows more desperately over-crowded. I know, I know, it’s too unbelievable that such a conspiracy could be kept quiet without someone intentionally or inadvertently blowing the whistle. But lately, especially after the events of yesterday, it seems even more incredible that the collective stupidity of governmental and corporate leaders is so great that none are capable of recognizing what our trade policies have done or dare to call them into question.