The gold standard came into being in the 18th century. It got gassed in WWI. Then, after WWII, it was re-established, sort of. The dollar was made the key financial reserve. It was linked to gold.
You masterfully bring us from the ancients to the present to deliver your assessment of the sad state of the U.S. Great read, with which I sadly agree.
And of all that Bill points out, Trump is only making things worse with his paranoid fixation on “national security at any cost” and war mongering (which causes worldwide insecurity!) he makes the ridiculous assertion that tariffs are not attacks on the American people when history proves that they are very invariably destructive of wealth, creation, innovation, competitiveness, prosperity and even morale. He is clearly “off the rails” in every aspect having already made virtually everything more expensive for Americans with his 2017 steel tariffs while simultaneously creating a 70% share of steel manufacturing for China and handed it a nearly 100% innovation share. Only people forced to buy American steel.(ie, hapless Americans) now do it.
I must be blind, shopping at Lidl and Aldi, Walmart, i find prices relatively static. No impact from Tariffs. So where does your data come from. Gasoline, down, mortgage rates down, it all seems like nothing but scare tactics. Will it pop, yes, eventually. But predictions are near the end of 26.
Edward Bernays (1891-1995) argued in his seminal work, “Propaganda” that propaganda is needed to bring order out of chaos in a complex modern society. It creates a narrative which guides the thoughts and actions of the people in a society so that they act with a common set of rules and values. This narrative will not take account of everything but will set up certain ideas and events as determinant. The ideas may be partly false, and the events misrepresented, but they still determine the direction of society.
This means that successful policies must be backed by convincing propaganda. One of Bernays’s first assignments was to assist in the development of propaganda to justify Woodrow Wilson`s abandonment of the peace he had proposed in the 1916 election so that the USA could join in the First World War. This had become necessary to protect the money lent by the US banks to finance the Western alliance`s war effort. The Western powers had to win to make the World safe for JP Morgan. If they won, they would pay him back, but as their debts were so heavy, they would remain under American influence almost indefinitely. Bernays knew that “Make the world safe for JP Morgan” would not cut it, so he came up with “Make the world safe for democracy.” It was misleading. Russia, on the Western side, was perhaps less democratic than either Germany or Austria, though perhaps France and Britain were more democratic. As for JP Morgan, his bank was not democratic at all. Still, for all its shortcomings, the slogan worked and is still in use today to justify US foreign policy.
The US seems to be executing a rapid turnaround in foreign policy in 2025, but it has not been accompanied by the same skilled propaganda that helped Woodrow Wilson 100 years ago. Maybe it will develop as time goes by, but until it does, the nation will remain fractured.
Bravo President Trump! I know little Latin and less Greek but I do know common sense. Spend a little time analyzing the impact of those 3 events (climate change, migration,covid) and the world would be a different place... The stultus's make a living claiming to be scholars.
Sure thing* - because he was so wrong about what he said in his remarks to them during his first term.....
*insert eye-roll for the indoctrinated here......
PS - Did you bother to LISTEN to a single word he said? No, I didn't think so. How very typical of the unserious, low-IQ, domestic enemy dimocrat cultists....
You masterfully bring us from the ancients to the present to deliver your assessment of the sad state of the U.S. Great read, with which I sadly agree.
And of all that Bill points out, Trump is only making things worse with his paranoid fixation on “national security at any cost” and war mongering (which causes worldwide insecurity!) he makes the ridiculous assertion that tariffs are not attacks on the American people when history proves that they are very invariably destructive of wealth, creation, innovation, competitiveness, prosperity and even morale. He is clearly “off the rails” in every aspect having already made virtually everything more expensive for Americans with his 2017 steel tariffs while simultaneously creating a 70% share of steel manufacturing for China and handed it a nearly 100% innovation share. Only people forced to buy American steel.(ie, hapless Americans) now do it.
I must be blind, shopping at Lidl and Aldi, Walmart, i find prices relatively static. No impact from Tariffs. So where does your data come from. Gasoline, down, mortgage rates down, it all seems like nothing but scare tactics. Will it pop, yes, eventually. But predictions are near the end of 26.
"So where does your data come from."
Rectal Retrieval....
Edward Bernays (1891-1995) argued in his seminal work, “Propaganda” that propaganda is needed to bring order out of chaos in a complex modern society. It creates a narrative which guides the thoughts and actions of the people in a society so that they act with a common set of rules and values. This narrative will not take account of everything but will set up certain ideas and events as determinant. The ideas may be partly false, and the events misrepresented, but they still determine the direction of society.
This means that successful policies must be backed by convincing propaganda. One of Bernays’s first assignments was to assist in the development of propaganda to justify Woodrow Wilson`s abandonment of the peace he had proposed in the 1916 election so that the USA could join in the First World War. This had become necessary to protect the money lent by the US banks to finance the Western alliance`s war effort. The Western powers had to win to make the World safe for JP Morgan. If they won, they would pay him back, but as their debts were so heavy, they would remain under American influence almost indefinitely. Bernays knew that “Make the world safe for JP Morgan” would not cut it, so he came up with “Make the world safe for democracy.” It was misleading. Russia, on the Western side, was perhaps less democratic than either Germany or Austria, though perhaps France and Britain were more democratic. As for JP Morgan, his bank was not democratic at all. Still, for all its shortcomings, the slogan worked and is still in use today to justify US foreign policy.
The US seems to be executing a rapid turnaround in foreign policy in 2025, but it has not been accompanied by the same skilled propaganda that helped Woodrow Wilson 100 years ago. Maybe it will develop as time goes by, but until it does, the nation will remain fractured.
Bravo President Trump! I know little Latin and less Greek but I do know common sense. Spend a little time analyzing the impact of those 3 events (climate change, migration,covid) and the world would be a different place... The stultus's make a living claiming to be scholars.
Bravo, Mr. Bonner. Bravo.....
The UN Assembly of Nations should have treated DJT the Same way as they treated the Israeli PM… by .. Walking Out✅🎉👏
Sure thing* - because he was so wrong about what he said in his remarks to them during his first term.....
*insert eye-roll for the indoctrinated here......
PS - Did you bother to LISTEN to a single word he said? No, I didn't think so. How very typical of the unserious, low-IQ, domestic enemy dimocrat cultists....