Unplugging Americans From The MatrixSubmitted by Calgary4Paul on Fri, 04/20/2012 - 13:02
"America has failed, because political elites represent only the powerful special interests that write the country’s laws in exchange for funding the political campaigns of “lawmakers.” To divert attention from their failures, American elites point fingers at external scapegoats. China, for example, is accused of manipulating its currency. As Unz says, the scapegoating is political theater designed for the ignorant and gullible.
America’s economists, or most of them, have so prostituted themselves that propaganda has become wisdom. Most Americans believe that if China would simply let the value of its currency rise more rapidly relative to the dollar, America’s economic woes would be at an end. It is beyond belief that any economist could think that Americans with stagnant and declining incomes would be made better off by a sharp rise in the prices of goods manufactured in China on which Americans are dependent, or that the US dollar’s role as reserve currency, the main source of American power, could survive such a manifestation of Chinese economic superiority."