At The American Prospect: "Donald Trump is on track to be the first president to deliberately engineer a severe depression."
I see it that way. I expect depression. Depression opens a door to the future that Donald Trump wants.
Trump
wants regime change. He doesn't want democracy. He doesn't want to be
restrained by the US Constitution. He wants to be a dictator -- "for one
day," he said. Dictator for a short time, and then Emperor: Emperor of
the Western Hemisphere: For now, Emperor of the US, Canada, Greenland,
and Panama. Before long, no doubt, also Mexico and most or all of
Central and South America. Willing to trade Gaza.
Why create a
Depression? A depression will make it easier to get rid of the US
Constitution. A depression will be the last straw, convincing an
overwhelming majority of Americans that the existing US government is
the cause of our economic problems and must be eliminated. They will
torch the US Constitution and line up behind their Emperor.
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PS: The existing US government is NOT the cause of our economic problems.
Their policy is the cause. Specifically, the policy of promoting excessive reliance on credit (EROC) in the private sector. Solving that problem does not require that we abandon our existing system of government. It only requires that economists and policymakers understand that the effects of credit use are nonlinear -- that the effects change as the size of accumulated private debt increases: The effects are beneficial when the accumulation is small, and harmful when the accumulation is large.
Economists are the trustees, not of civilization, but of the possibility of civilization." And the shit is hitting the fan, now.
These days we have a million economic problems. Almost all of them are consequences of one root cause. EROC is that root cause.
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