https://larouchepub.com/other/editorials/2019/4634-alternative_to_catastropic_crash.html
This is an interesting alternative view of a catastrophic collapse of the USD.
"How will we deal with the problem of contagion— the danger that
speculators’ losses will shut down the commercial banking system upon
which our economy depends? Not by bank bailouts, but by hiving off the
dens of the Wall Street gambler’s speculation from the commercial
banking system, using a revival of Franklin Roosevelt’s Glass-Steagall
law. (A law that President Trump campaigned to revive.) Then their
dubious gambling assets will not be eligible for Federal taxpayer
support, and can be written down or written off over time, as those
dubious assets are sorted out. Only legitimate commercial banking
functions will be protected, not speculation.
The issuance of low-interest Federal credit exclusively for
productive employment of unemployed or unproductive labor and capital,
is not inflationary. If it is vectored towards science-driver programs
like the Trump Administration’s international Moon-Mars program, or the
international effort to harness controlled fusion energy, it will be
counter-inflationary, increasing the productivity of all labor, as
scientific and technological breakthroughs filter through the economy.
In the United States, this policy is as old as the George Washington
Administration, and lies behind the economic success of the Abraham
Lincoln and Franklin Roosevelt administrations."
I would think for it to be possible that the CCP would have to fall
first. It looks like a plan that would take more years than Trump has
even if he wins in 2020 and goes through to 2024. Is there anyone one
that sticks out to carry the torch after Trumps second term?
Just some thoughts...
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