Export-Import Bank? Instead, How About A MiddleClass Consume-What-You-Produce Bank? What? That's Called A Treasury Dept? So Just Lower All Taxes On Labor?

   (Commentary posted by Roger Erickson)





We could make this simple, and thereby make things better for all people.

But no. The US Chamber of Commerce has a more complicated idea, and crows that:

Ex-Im Has Financed $2Billion Worth Of Exports From Indiana Companies Since 2007

Huh? We're supposed to be impressed? We're LOANING our own fiat, to foreigners, so that they can buy what we produce ... and won't let ourselves consume? Anyone see a contradiction here? How do we grow if we export too much of what we produce?

If we'd just lower taxes on the Middle Class, then WE could buy what we're shipping to foreigners! Why export? Why give excessively to others when we could give to ourselves?

Ever see that little message on airplanes? "In case of an emergency, fasten your own oxygen mask before trying to help others." It's there for a good reason, as was our Middle Class. If we don't maintain our Middle Class, our nation won't be here TO help anyone.

[So why DO we export so much? Answer: The same old why. Exports are still used primarily as a way to take resources from poor people in exporting countries and give it to rich people in importing countries. Plus, we divert & lose that amount of our own fiat that is skimmed off at every step, by rich people in rich countries - through the miraculous evil of FINANCIERS impounding most of OUR fiat - which they then tell us we're out of, and must borrow back from them. How dumb do they think we are?]

Let's get this straight. If we have a fiat currency system ... then why on earth do we reserve most of our own fiat units for hoarding by the mere bean-counting clerks that track OUR fiat units FOR US? Ever seen a dog with 90% of its assets tied up in it's tail? They don't last long, and their last days are not pretty, as the cancerous tail kills it's host.

[Fiat] Taxes for [Fiat] Revenue Are Obsolete

Until every citizen in the USA learns that simple fact in highschool, or before, we will NEVER have sane, adaptive policy in this country. Every subsequent topic is just noise still distracting us from fundamental context.

Nevertheless, the Aiken Standard newspaper of South Carolina is on board with the bullshit, to serve the usual cast of characters.

[Propaganda]: Export-Import Bank is vital to state’s economy

How many people know who owns the Aiken Standard?

Worst yet, this cast of characters has nearly every labor union convinced that lowering Middle Class real incomes and expanding wealth disparity is in the self-interest of labor unions. Doh!

This is sad. Most Labor Unions are actually tied up arguing over which foot to shoot. That's pathetic, and they don't even know it.

Citizens don't let citizens operate ignorantly?

Electorates don't let Labor Unions swallow hooks, lines & sinkers?

What's worse than a drunk behind the wheel? A NeoLiberal in a policy office?

US & EU Both Pledge "1 billion" ($/euro) Loan Guarantees For Ukraine - While Pledging Nothing More For Their Own Electorates

   (Commentary posted by Roger Erickson)

Loan Guarantees For Ukraine

This raises two sets of questions, about what we're doing domestically, and why, compared to what we're doing internationally, and why. Initial questions about why domestic US/EU electorates can't guarantee fiat investment in themselves, and instead submit to austerity ... is exceeded only by the sheer number & depth of half-truths, mis-conceptions and outright lies included in this article.

Example? Reduced tariffs go directly back to the exporter? No, that only reduces costs for the importing consumers (maybe only the intermediary merchants), and MAY increase the volume of exports being extracted from the "beneficiary" country. In reality, look for more EU/US firms to set up subsidiaries in the UK, and move yet more jobs from serfs in receiving countries to even lower-paid serfs in sending countries being looted. Can you say "internal devaluation?"

Where have we heard this story before?

Read on, & decide for yourself what these loan guarantees really imply.

There's a theme to the last 40 years? When electorates cede all governance to their merchant classes, they get what they claim was unpredictable ... less innovation, invention & leadership ... and more risk control, "management" and stagnation.

What, exactly, WOULD the Desired Outcome for national policy be, if we bothered to survey our actual citizens? Can we pick some worthwhile goals FOR OURSELVES, and go for them, instead of merely managing existing risks? Forget defense & offense, the best cultural evolution is an active Adaptive Rate?