| Dear Mr. Belsky,
Yes, we do need to resist America’s bullying and empire tendencies. But your approach goes in the wrong directions (e.g. a National Bank that controls credit is a time tested receipt for corruption). The growth of global trade has dramatically reduced global poverty. Reshoring-buy American would bring that to an end without improving our own economy—quite the opposite. You note that “ a new economic order, based on development and justice, is already being discussed among Russia, China, India, and the "BRICS-Plus" nations.” You seem to suggest that we should follow such a centralized and politically driven model. I don’t want Putin direction my economy or my individual life. Such people raise to the top of such systems.
Warren
Mr. Coats,
What is "screaming nuts" about establishing a New Bretton Woods economic system, when the current Trans-Atlantic financial system is hopelessly bankrupt?
The system will collapse either through a hyperinflationary blowout or a deflationary collapse as the central banks raise interest rates, causing mass bankruptcies. Something new is needed, especially if we are concerned with the "General Welfare", not protecting the speculative bubble of a relatively few billionaires. In addition, the question of a new economic order, based on development and justice, is already being discussed among Russia, China, India, and the "BRICS-Plus" nations. In so far, as the legacy of America, going back to the Declaration of Independence, is of an anti-imperial nature, shouldn't we be part of a global revolution against economic empire, instead of acting like the British Empire?
Also, in so far as this question of a new just economic system that works for all nations, ourselves included, is directly related to the question of stopping the drive toward global nuclear war, I would urge you to watch the Schiller Institute Conference, Sun., July 3, "This July 4, Declare a New Bretton Woods": This July 4, Declare for A New Bretton Woods!! | The Schiller Institute
| This July 4, Declare for A New Bretton Woods!! | The Schiller Institute |
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Regards.
Gerald H. Belsky
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