America has one advantage, the perception of freedom and opportunity. Any economic recovery plan that doesn’t play to this core strength in my opinion will be in vain. Here are a few ideas off the top of my head:
I haven’t been shy about warning the dollar is doomed. The long run is fast approaching, but that doesn’t mean it will arrive tomorrow. It could, but it probably won’t. We have seen a powerful dollar rally over the last year and many people believe it will continue. I think they’re wrong.
The origins of this problem are found in the aftermath of WW1. This remarkable video from Mark Bruzonsky is over 15 years old, but you wouldn’t have known it if I didn’t tell you. It’s incredible how little has changed. There are actually experts in the world, sometimes.
I have stood silent for too long. Ask any Israeli supporter, “who started the 1967 war?” and they will answer, Egypt. The Nasser government imposed a blockade of Israel’s southern Red Sea port which they considered an act of war; Israel responded with a massive air and ground assault, capturing Gaza and the Sinai from Egypt, the Golan heights from Syria and the West Bank from Jordan. More than 40 years ago, the occupation of Palestine began. For many decades there was practically no violent resistance: no Hamas, no rockets, no suicide bombers. So much for Gandhi, the global community did nothing to restrain Israel as it tightened the noose and continued to expand settlements. Before this latest conflict, Israel imposed a near total blockade of the entire Gaza strip, yet none of those same people who declared Nasser’s actions an act of war in 1967 are honest enough to also call Israel’s actions more recently an act of war. They still maintain Hamas began this conflict, as if the occupation began last week, bull shit.
