From the piece......
In a single stroke you:
a) lose the burden of external debt
b) by devaluation lose your internal debt
c) make the nation competitive as a manufacturing power.
d) scare the people back into compliance, even exultation with their low wages.
e) with the renewal of manufacturing, re-cast the power that your military rests on
f) during a time of Peak Oil, radically reduce unnecessary consumption while insuring strategic (military) supply.
g) by doing that, suck in the oil powers of Russia, Iran, and Venezuela enough to knock them off-base, first with high prices, then low prices.
h) club China into submission to the G-8 money powers again
and best of all:
i) enrich insiders beyond their wildest dreams, insuring their dominance for a generation to come.
All the right people win, all the wrong people lose.
Tax Day at the Homestead
10 months ago